Reports

Global Gift Cards Market: By Card Type: Closed-Loop Card, Open-Loop Card; By End User: Retail, Corporate Institutions; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Gift Cards Market Outlook

The global gift cards market attained a value of USD 719 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 16.20% to reach USD 1787 billion by 2026.

 

Global Gift Cards Market

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Increasing Demand for Closed-Loop Cards to Augment the Gift Cards Industry Growth

Based on card type, the closed-loop card segment accounted for a significant share in the industry and this trend is expected to continue throughout the forecast period. This is due to a number of advantages, including the ability for businesses to profit from items purchased using these types of cards and the free activation provided to the users, both of which encourage the usage of closed-loop gift cards.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Global Market for Gift Cards

North America accounted for a significant share in the market during the historical period and is likely to witness a steady growth over the forecast period. This can be attributed to the increased acceptance of technology, increasing penetration of key players, and the presence of well-established hospitality infrastructures in the region. Meanwhile, the Asia Pacific is predicted to witness a healthy growth over the forecast period owing to the ongoing developments in the regional market for gift cards and the growing popularity of e-gifting methods. Moreover, the increasing penetration of smartphones, rising per-capita income, expanding e-commerce sector, and the increasing government initiatives to support the digital payment systems, particularly in emerging economies like India and China, are expected to further bolster the gift cards industry growth in the region.

 

Gift Cards: Market Segmentation

Gift cards, also known as gift certificates, gift vouchers, and gift tokens, are a type of promotional item offered by a merchant or bank to attract new consumers, raise brand recognition, decrease fraud, and boost sales. Gift cards have become a popular method to send greetings on special occasions or to express gratitude for someone's hard work. Prepaid payment cards holding a set amount of money are known as gift cards.

 

Global Gift Cards Market by Segment

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The major card types available in the industry are:

  • Closed-Loop Card
  • Open-Loop Card

The market can be broadly categorised on the basis of its end users into:

  • Retail
  • Corporate Institutions 

The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Gift Cards Market by Region

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Increasing Use of Smartphones, Along With the Growing Trend of Awarding Gift Cards to Employees in the Corporate Sector to Bolster the Growth of the Global Gift Cards Industry

The gift cards industry is growing due to technological advancements in product offerings, the growing retail sector, and a high rate of smartphone usage. As the number of online shopping platforms grew, so did the number of gift cards purchase from various online platforms for gifting purposes. In addition, the rising practice of using corporate gift cards to thank workers for their efforts and successes is further fuelling the market expansion. Furthermore, increased acceptance of IoT technologies at the household, commercial, and industrial levels, and the rising penetration of m-commerce and e-commerce firms are likely to drive the gift cards industry in the forecast period.

 

Key Industry Players in the Global Gift Cards Market

The report presents a detailed analysis of the following key players in the global gift cards market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Blackhawk Marketing Services, Inc
  • Fiserv, Inc.
  • American Express Company
  • Givex Corporation
  • Qwikcilver Solutions Pvt Ltd.
  • InComm Payments
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Card Type, End User, Region
Breakup by Card Type Closed-Loop Card, Open-Loop Card
Breakup by End User Retail, Corporate Institutions
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Blackhawk Marketing Services, Inc., Fiserv, Inc., American Express Company, Givex Corporation, Qwikcilver Solutions Pvt Ltd.,, InComm Payments, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Gift Cards Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Gift Cards Historical Market (2018-2022) 
    8.3    Global Gift Cards Market Forecast (2023-2028)
    8.4    Global Gift Cards Market by Card Type
        8.4.1    Closed-Loop Card
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Open-Loop Card
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Gift Cards Market by End User
        8.5.1    Retail
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Corporate Institutions
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Gift Cards Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Gift Cards Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Gift Cards Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Gift Cards Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Gift Cards  Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Gift  Cards Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Blackhawk Marketing Services, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Fiserv, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    American Express Company
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Givex Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Qwikcilver Solutions Pvt Ltd.,
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    InComm Payments
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Gift Cards Market: Key Industry Highlights, 2018 and 2028
2.    Global Gift Cards Historical Market: Breakup by Card Type (USD Million), 2018-2022
3.    Global Gift Cards Market Forecast: Breakup by Card Type (USD Million), 2023-2028
4.    Global Gift Cards Historical Market: Breakup by End User (USD Million), 2018-2022
5.    Global Gift Cards Market Forecast: Breakup by End User (USD Million), 2023-2028
6.    Global Gift Cards Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Gift Cards Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Gift Cards Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Gift Cards Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Gift Cards Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Gift Cards Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Gift Cards Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Gift Cards Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Gift Cards Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Gift Cards Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Gift Cards Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Gift Cards Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Gift Cards Market Structure

Key Questions Answered in the Report

What was the global gift cards market size in 2020?

In 2020, the global gift cards market attained a value of nearly USD 719 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 16.20% between 2021 and 2026.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 1787 billion by 2026.

What are the major industry drivers?

The major drivers of the industry include the growing technological innovations and the increasing penetration of online shopping platforms and e-commerce industry, which is resulting in increased purchase of gift cards from various online retailers.

What are the key industry trends of the global gift cards market?

The key market trends guiding the growth of the industry include the increasing penetration of smartphones in emerging nations and the growing trend of gifting these cards in the corporate sector.

What are the major regional markets of gift cards, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant card types available in the industry?

The significant card types available in the industry are closed-loop card and open-loop card.

What are the significant end users of gift cards?

The significant end users of the product are retail and corporate institutions.

Who are the key industry players, according to the report?

The major players in the industry are Blackhawk Marketing Services, Inc, Fiserv, Inc., American Express Company, Givex Corporation, Qwikcilver Solutions Pvt Ltd., and InComm Payments, among others.

Analyst Review

The global gift card market attained a value of around USD 719 billion in 2020, driven by the growing technological advancements and the increasing penetration of online shopping platforms across the continents. Aided by the growing demand in the corporate sector for employee recognition and awards, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 16.20%. The market is projected to reach USD 1787 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on card type, the industry can be segmented into closed-loop card and open-loop card. On the basis of end users, the market is divided into retail and corporate institutions. The major regional markets for gift cards are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Blackhawk Marketing Services, Inc, Fiserv, Inc., American Express Company, Givex Corporation, Qwikcilver Solutions Pvt Ltd., InComm Payments, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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