Global Gift Cards Market to Reach $1.6 Trillion by 2027
Amid the COVID-19 crisis, the global market for Gift Cards estimated at US$767.4 Billion in the year 2020, is projected to reach a revised size of US$1.6 Trillion by 2027, growing at a CAGR of 11.1% over the period 2020-2027. Retail Closed Loop, one of the segments analyzed in the report, is projected to record a 11.4% CAGR and reach US$410.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Restaurant Closed Loop segment is readjusted to a revised 10% CAGR for the next 7-year period.The U.S. Market is Estimated at $293.6 Billion, While China is Forecast to Grow at 15.3% CAGR
The Gift Cards market in the U.S. is estimated at US$293.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$180.2 Billion by the year 2027 trailing a CAGR of 15.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 11.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$143 Billion by the year 2027.Miscellaneous Closed Loop Segment to Record 9.3% CAGR
In the global Miscellaneous Closed Loop segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$66.6 Billion in the year 2020 will reach a projected size of US$120.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 10.7% CAGR through the analysis period.Select Competitors (Total 218 Featured)
- Amazon.com, Inc.
- Apple Inc.
- Best Buy Co., Inc.
- Blackhawk Network Holdings, Inc.
- Edenred
- Global Payments Direct, Inc.
- Gyft, Inc.
- InComm Payments™- NGC US, LLC.
- Qwikcilver Solutions Pvt. Ltd.
- Starbucks Corporation
- Target Corporation
- Walmart Inc.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
Frequently Asked Questions about the Global Market for Gift Cards
What is the estimated value of the Global Market for Gift Cards?
What is the growth rate of the Global Market for Gift Cards?
What is the forecasted size of the Global Market for Gift Cards?
Who are the key companies in the Global Market for Gift Cards?
Report Attribute | Details |
---|---|
No. of Pages | 529 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 767.4 Billion |
Forecasted Market Value ( USD | $ 1600 Billion |
Compound Annual Growth Rate | 11.1% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amazon.com, Inc.
- Apple Inc.
- Best Buy Co., Inc.
- Blackhawk Network Holdings, Inc.
- Edenred
- Global Payments Direct, Inc.
- Gyft, Inc.
- InComm Payments™
- NGC US, LLC.
- Qwikcilver Solutions Pvt. Ltd.
- Starbucks Corporation
- Target Corporation
- Walmart Inc.