Gift Cards Market Worth US$ 440460 Million by 2028 – COVID-19 Impact and Global Analysis by The Market Reports

A gift card (also known as gift certificate in North America, or gift voucher or gift token in the UK) is a prepaid stored-value money card usually issued by a retailer or bank to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees.

The main players of gift card industry are located in the United States, Europe, China and Japan. Amazon accounting for nearly 10% of the market share.

Gift cards are mostly used in restaurants and department stores, with a total market share of 60%.

The global Gift Cards market was valued at US$ 295210 million in 2020 and is expected to reach US$ 440460 million by the end of 2027, growing at a CAGR of 5.9% during 2021-2027.

This report focuses on Gift Cards volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Gift Cards market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Universal Accepted Open Loop
  • E-Gifting
  • Restaurant Closed Loop
  • Retail Closed Loop
  • Miscellaneous Closed Loop

Segment by Application

  • Restaurant
  • Deportment Store
  • Coffee Shop
  • Entertainment (Movie, Music)
  • Others

By Company

  • Amazon
  • ITunes
  • Walmart
  • Google Play
  • Starbucks
  • Home Depot
  • Walgreens
  • Sephora
  • Lowes
  • Carrefour
  • JD
  • Best Buy
  • Sainsbury’s
  • Macy’s
  • Virgin
  • IKEA
  • H&M
  • Zara
  • AL-FUTTAIM ACE
  • JCB Gift Card

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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