Summary - A new market study, titled “Covid-19 Impact on Global Gift Cards Market Size, Status and Forecast 2020-2026”has been featured on WiseGuyReports.
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 industry's leading producers are Amazon, ITunes and Walmart, which accounted for 6.21%, 5.58% and 2.52% of revenue in 2019, respectively.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Gift Cards 3900 market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Gift Cards 3900 industry.
Based on our recent survey, we have several different scenarios about the Gift Cards 3900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 357350 million in 2019. The market size of Gift Cards 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Gift Cards market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Gift Cards market in terms of both revenue and volume.
Players, stakeholders, and other participants in the global Gift Cards market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Sales and Pricing Analyses
Readers are provided with deeper sales analysis and pricing analysis for the global Gift Cards market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Gift Cards market, covering important regions, viz, North America, Europe, China, Japan and UAE. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Gift Cards market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Gift Cards market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Gift Cards market.
The following manufacturers are covered in this report:
Amazon
ITunes
Walmart
Google Play
Starbucks
Home Depot
Walgreens
Sephora
Lowes
Carrefour
JD
Best Buy
Sainsbury’s
Macy’s
Virgin
IKEA
H&M
Zara
JCB Gift Card
AL-FUTTAIM ACE
Gift Cards Breakdown Data by Type
Universal Accepted Open Loop
E-Gifting
Restaurant Closed Loop
Retail Closed Loop
Miscellaneous Closed Loop
Gift Cards Breakdown Data by Application
Restaurant
Deportment Store
Coffee Shop
Entertainment (Movie, Music)
Others
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Increase in application areas such as banking, hospitality, and retail stores and growing technological innovation in product offerings drive the growth of the global gift cards market.
However, various types of fees associated with card transactions hinder the market growth.
On the other hand, surge in demand for gift cards from developing economies such as China and India creates new opportunities for the market player in the coming years.The global gift cards market generated $619.25 billion in 2019, and is estimated to reach $1,922.87 billion by 2027, registering a CAGR of 15.4% from 2020 to 2027.
The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Covid-19 scenario:Due to lockdown in several countries, the tourism and hospitality industry have been affected badly.
If market players in the industry cannot sell their services due to the restrictions, they can sell their gift cards on a lower than the nominal value.
This will motivate customers to purchase such services and offer a chance to earn for market players.The demand for gift card is likely to get affected as their printing and production has been halted amid lockdown due to COVID-19 pandemic situation.The revenue generated from the retail establishment segment is likely to increase as retail shops have been allowed to do the business during the lockdown.The report offers detailed segmentation of the global gift cards market based on card type, end user, and region.Read Full News: https://www.alliedmarketresearch.com/gift-cards-market Based on card type, the closed-loop card segment contributed to the largest share in 2019, accounting for more than two-thirds of the total share, and is estimated to maintain its dominant position during the forecast period.
The Global Gift Cards Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Gift Cards Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/40730-gift-cards-market-reportThe report also covers the complete competitive landscape of the global Gift Cards market with company profiles of key players such as: AmazonITunesWalmartGoogle PlayStarbucksHome DepotWalgreensSephoraLowesCarrefourJDBest BuySainsbury’sMacy’sVirginIKEAHZaraJCB Gift CardAL-FUTTAIM ACEThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeUniversal Accepted Open LoopE-GiftingRestaurant Closed LoopRetail Closed LoopMiscellaneous Closed LoopBy ApplicationRestaurantDeportment StoreCoffee ShopEntertainment (Movie, Music)By Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Gift Cards Market @ https://www.decisiondatabases.com/contact/download-sample-40730The Global Gift Cards Market has been exhibited in detail in the following chapters –Chapter 1 Gift Cards Market PrefaceChapter 2 Executive SummaryChapter 3 Gift Cards Industry AnalysisChapter 4 Gift Cards Market Value Chain AnalysisChapter 5 Gift Cards Market Analysis By TypeChapter 6 Gift Cards Market Analysis By ApplicationChapter 7 Gift Cards Market Analysis By GeographyChapter 8 Competitive Landscape Of Gift Cards CompaniesChapter 9 Company Profiles Of Gift Cards IndustryPurchase the complete Global Gift Cards Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-40730Other Reports by DecisionDatabases.com:Global Greeting Cards Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Plastic Cards Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Micro SD Cards Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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