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Gift Cards Market

Gift Cards Market By Material Merchant Type (Restaurants, Department Stores, Grocery Stores, Supermarkets/Hypermarkets, Discount Stores, Coffee Shops, Entertainments, Salons/Spa, Book Stores, Home Décor Stores, Gas Stations, Visa/Master Card/American Express Gift Cards, Others) By Merchant Type (Universal Accepted Open Loop, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop, E-Gifting) By End User – Growth, Future Prospects and Competitive Analysis, 2016 – 2028
Report Book

Published Date: July 2022
Category: Technology & Media
Report ID: 58981
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

What is the Global Sales Revenue of Gift Cards?

The global sales revenue of Gift Cards increased to more than USD 437.7 Billion in 2020 and is projected to witness substantial growth in the near future. In 2021, North America dominated the global market, with the United States leading the way. By 2022, gift card sales in the United States are expected to reach over 229 billion dollars. Gift card sales were roughly 160 billion dollars in 2018, indicating an increased trend over the previous few years.

What is the Market Size of Gift Cards in terms of value?

Global Gift Cards Market is projected to increase at a significant CAGR of 15.5% in the coming years. In 2021, the global gift cards market was valued at USD 572.8 Billion and is projected to reach USD 1359.8 Billion by 2028. The demand for gift cards is projected to increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 787 billion during the forecast period between 2022 and 2028.

How are Government Owned Businesses affecting Gift Cards Market?

The gifting industry is one of the largest in the world, with billions of dollars spent on physical gifts each year in the country. As a result, government-owned enterprises in India are implementing gift card programs in order to promote cashless gifting and boost the gift card market. For example, in June 2021, LIC Card Services and IDBI Bank announced a collaborative agreement to introduce Shagun, a contactless prepaid gift card for Indian Types. As a result, LIC Card Services is entering the fast-growing Indian digital gift card market with the launch of this prepaid gift card solution. Additionally, The prepaid gift card, which was released on the RuPay platform, may be used at millions of businesses and e-commerce websites across the country. As a result, the corporation can diversify the card’s Type spending possibilities.

Interesting Facts about Gift Cards Industry

  • The top 3 countries for gift card exports are USA, Germany, and Canada.
  • The top 3 importers of gift cards are India, China, and United Kingdom.
  • Due to rapid expansion in digital commerce and an increase in new technologies that enable customers with creative and smooth payment methods, Types’ consistent connection with shopping is one of the primary growth reasons for the market.
  • The gift card sector confronts several security issues, including the potential of being hacked by hackers and criminals, which is a significant hurdle to growth.
  • In 2021, the North American region dominated the global gift card market in terms of volume and value, which is expected to continue over the forecast period.
  • The open-loop gift card category is likely to grow substantially over the forecasted period because they allow customers to shop at multiple places, and open-loop gift cards have grown in popularity.

Who are the Top 10 players/companies in gift cards market in term of value and volume?

The key players in the global gift cards market in terms of value and volume include Apple, Inc., The Up Group, Best Buy Company, Inc., Amazon.com, Inc., Starbucks Corporation, Walmart Stores, National Gift Card Corporation, Edge Loyalty Systems Pty. Ltd., Target Corporation, InComm, QwickSilver Solutions, Gyft, Blackhawk Network holdings, Inc., and Edenred Group. These major players are focusing on new product development and technological innovation in order to improve their gift card production and achieve a competitive market share on a global scale. Furthermore, some regional and country-level players are significantly investing in expanding their product variety and increasing sales. For instance, in June 2021, LIC Card Services and IDBI Bank have formed a strategic relationship to launch Shagun, a contactless prepaid gift card for Indian Types. LIC Card Services is entering the fast-growing Indian digital gift card market with the launch of this prepaid gift card solution.

Additionally, Qwikcilver, one of India’s biggest gift card companies, announced a strategic relationship with Vistara in September 2021. Vistara is launching a Purple Ticket, a new gift card for travel on Vistara that can be used by individual Types and for corporate gifting in India, as part of the agreement. Customers can use the gift card option to book tickets or to pay for extra services like seat reservations, excess luggage, and lounge access.

Who are the Top 10 Countries in the Gift Cards Market?

The major countries in the global gift cards market are China, India, the U.S., Canada, Mexico, the U.K., Germany, France, Russia, Netherlands, and Norway. North America was one of the first regions to use gift cards extensively. In the United States, gift cards are the most popular Merchant Type of Christmas present, contributing to the country’s booming gift card sector. Furthermore, demand for gift cards has increased dramatically in recent years during holidays such as Christmas and birthdays, which has boosted the market growth. Thank you! Presents, graduation, baby showers, and Mother’s Day are among the other popular occasions for which customers increasingly acquire gift cards. Amazon, iTunes, Walmart, and Giant Eagle are just a handful of the prominent retailers selling gift cards in the region.

Which is the Key Merchant Type in the Gift Cards Market?

During the forecast period, the open-loop sub-segment is expected to hold a dominant market share in the global market and generate $724.93 billion in revenue. The open-loop gift card category is likely to grow substantially over the forecasted period. Because they allow customers to shop at multiple places, open-loop gift cards have grown in popularity. Another major factor fueling the growth of the open-loop gift card market is increased security. Because these cards can be used at various stores, they can be used even if one of them closes. As a result, the gift card remains functional. Given these factors, the segment’s growth is expected to continue in the next years.

What are the Major Driving Factors for Gift Cards Market?

With the rapid advancement of smartphones, gift cards have grown more inventive. Gift card aficionados and smartphone users may now combine everything into one easy package, thanks to the use of new technologies and marketing methods. The rise in smartphone penetration is likely to increase the gift card market by providing customers with more flexible and convenient payment options. Furthermore, due to rapid expansion in digital commerce and an increase in new technologies that enable customers with creative and smooth payment methods, Types’ consistent connection with shopping is one of the primary growth reasons for the market. Furthermore, continual technological advances in gift cards assist organizations to increase sales by making their product offers more unique and appealing, propelling the gift cards market forward.

What are the Major Restraints for Gift Cards Market?

The gift card sector confronts a number of security issues, including the potential of being hacked by hackers and criminals, which is a significant hurdle to growth. For example, Distil Networks, the world’s leading bot mitigation company, recently identified GiftGhostBot, a bot that targeted over 1,000 websites in pursuit of gift cards, causing a balance breach. In the global gift card market, it has become a paradigm of expansion under duress. In their hurry to make smartphone gift card implementation as simple and inexpensive as possible, retailers like Starbucks and Target have neglected security flaws that allow customers to use money on another shopper’s gift card.

Which Region Dominated the World Gift Cards Market?

With a CAGR of 15.0 percent, North America is expected to be the fastest expanding market throughout the projected period, reaching $604.47 billion by 2028. North America is a mature market that is likely to maintain its dominance in the global gift card market, accounting for the largest market share throughout the forecast period. This is due to advanced telecommunication networks, significant industry participants, and well-established hospitality infrastructures in this region. North America was one of the first regions to use gift cards extensively. In the United States, gift cards are the most popular Merchant Type of Christmas present, contributing to the country’s booming gift card sector. Furthermore, demand for gift cards has increased dramatically in recent years during holidays such as Christmas and birthdays, which has boosted the market growth. Thank you Presents, graduation, baby showers, and Mother’s Day are among the other popular occasions for which customers are increasingly acquiring gift cards. Amazon, iTunes, Walmart, and Giant Eagle are just a handful of the prominent retailers selling gift cards in the region.

However, throughout the forecast period, the Asia Pacific region is predicted to develop at the fastest CAGR, indicating significant growth in the worldwide gift card market. This is attributable to rising smart-gadget penetration, rising per-capita income, expanding e-commerce, and, most crucially, rising government measures supporting the use of digital payment systems, particularly in emerging nations.

Segmentation of Global Gift Cards Market-

Global Gift Cards Market – By Material Merchant Type

  • Restaurants
  • Department Stores
  • Grocery Stores
  • Supermarkets/Hypermarkets
  • Discount Stores
  • Coffee Shops
  • Entertainments
  • Salons/Spa
  • Book Stores
  • Home Décor Stores
  • Gas Stations
  • Visa/Master Card/American Express Gift Cards
  • Others

 Global Gift Cards Market – By Merchant Type

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

Global Gift Cards Market – By End User

  • Business
  • Individuals

 Global Gift Cards Market – By Sales Channel

  • High (Above 400 US$)
  • Medium (200-400 US$)
  • Low (0-200 US$)

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Gift Cards Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Gift Cards Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Merchant Type
3.3.2. End-user
3.3.3. Price Range
3.3.4. Type
3.3.5. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Types
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Merchant Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Gift Cards Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Gift Cards Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Restaurants
6.2.3. Department Stores
6.2.4. Grocery Stores
6.2.5. Supermarkets/Hypermarkets
6.2.6. Discount Stores
6.2.7. Coffee Shops
6.2.8. Entertainments
6.2.9. Salons/Spa
6.2.10. Book Stores
6.2.11. Home Décor Stores
6.2.12. Gas Stations
6.2.13. Visa/Master Card/American Express Gift Cards
6.2.14. Others
6.3. North America Gift Cards Market, by End-user, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Business
6.3.3. Individuals
6.3.4. Others
6.4. North America Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. High (Above 400 US$)
6.4.3. Medium (200-400 US$)
6.4.4. Low (0-200 US$)
6.4.5. Others
6.5. North America Gift Cards Market, by Type, 2016-2028(US$ Bn)
6.5.1. Overview
6.5.2. Universal Accepted Open Loop
6.5.3. Restaurant Closed Loop
6.5.4. RETAIL CLOSED LOOP
6.5.5. Miscellaneous Closed Loop
6.5.6. E-Gifting
6.5.7. Others

7. Europe
7.1. Europe Gift Cards Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Restaurants
7.2.3. Department Stores
7.2.4. Grocery Stores
7.2.5. Supermarkets/Hypermarkets
7.2.6. Discount Stores
7.2.7. Coffee Shops
7.2.8. Entertainments
7.2.9. Salons/Spa
7.2.10. Book Stores
7.2.11. Home Décor Stores
7.2.12. Gas Stations
7.2.13. Visa/Master Card/American Express Gift Cards
7.2.14. Others
7.3. Europe Gift Cards Market, by End-user, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Business
7.3.3. Individuals
7.3.4. Others
7.4. Europe Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. High (Above 400 US$)
7.4.3. Medium (200-400 US$)
7.4.4. Low (0-200 US$)
7.4.5. Others
7.5. Europe Gift Cards Market, by Type, 2016-2028(US$ Bn)
7.5.1. Overview
7.5.2. Universal Accepted Open Loop
7.5.3. Restaurant Closed Loop
7.5.4. RETAIL CLOSED LOOP
7.5.5. Miscellaneous Closed Loop
7.5.6. E-Gifting
7.5.7. Others

8. Asia Pacific
8.1. Asia Pacific Gift Cards Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Restaurants
8.2.3. Department Stores
8.2.4. Grocery Stores
8.2.5. Supermarkets/Hypermarkets
8.2.6. Discount Stores
8.2.7. Coffee Shops
8.2.8. Entertainments
8.2.9. Salons/Spa
8.2.10. Book Stores
8.2.11. Home Décor Stores
8.2.12. Gas Stations
8.2.13. Visa/Master Card/American Express Gift Cards
8.2.14. Others
8.3. Asia Pacific Gift Cards Market, by End-user, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Business
8.3.3. Individuals
8.3.4. Others
8.4. Asia Pacific Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. High (Above 400 US$)
8.4.3. Medium (200-400 US$)
8.4.4. Low (0-200 US$)
8.4.5. Others
8.5. Asia Pacific Gift Cards Market, by Type, 2016-2028(US$ Bn)
8.5.1. Overview
8.5.2. Universal Accepted Open Loop
8.5.3. Restaurant Closed Loop
8.5.4. RETAIL CLOSED LOOP
8.5.5. Miscellaneous Closed Loop
8.5.6. E-Gifting
8.5.7. Others

9. Latin America
9.1. Latin America Gift Cards Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Restaurants
9.2.3. Department Stores
9.2.4. Grocery Stores
9.2.5. Supermarkets/Hypermarkets
9.2.6. Discount Stores
9.2.7. Coffee Shops
9.2.8. Entertainments
9.2.9. Others
9.3. Latin America Gift Cards Market, by End-user, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Business
9.3.3. Individuals
9.3.4. Others
9.4. Latin America Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. High (Above 400 US$)
9.4.3. Medium (200-400 US$)
9.4.4. Low (0-200 US$)
9.4.5. Others
9.5. Latin America Gift Cards Market, by Type, 2016-2028(US$ Bn)
9.5.1. Overview
9.5.2. Universal Accepted Open Loop
9.5.3. Restaurant Closed Loop
9.5.4. RETAIL CLOSED LOOP
9.5.5. Miscellaneous Closed Loop
9.5.6. E-Gifting
9.5.7. Salons/Spa
9.5.8. Book Stores
9.5.9. Home Décor Stores
9.5.10. Gas Stations
9.5.11. Visa/Master Card/American Express Gift Cards
9.5.12. Others

10. Middle East
10.1. Middle East Gift Cards Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Restaurants
10.2.3. Department Stores
10.2.4. Grocery Stores
10.2.5. Supermarkets/Hypermarkets
10.2.6. Discount Stores
10.2.7. Coffee Shops
10.2.8. Entertainments
10.2.9. Salons/Spa
10.2.10. Book Stores
10.2.11. Home Décor Stores
10.2.12. Gas Stations
10.2.13. Visa/Master Card/American Express Gift Cards
10.2.14. Others
10.3. Middle East Gift Cards Market, by End-user, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Business
10.3.3. Individuals
10.3.4. Others
10.4. Middle East Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. High (Above 400 US$)
10.4.3. Medium (200-400 US$)
10.4.4. Low (0-200 US$)
10.4.5. Others
10.5. Middle East Gift Cards Market, by Type, 2016-2028(US$ Bn)
10.5.1. Overview
10.5.2. Universal Accepted Open Loop
10.5.3. Restaurant Closed Loop
10.5.4. RETAIL CLOSED LOOP
10.5.5. Miscellaneous Closed Loop
10.5.6. E-Gifting
10.5.7. Others

11. Africa
11.1. Africa Gift Cards Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Restaurants
11.2.3. Department Stores
11.2.4. Grocery Stores
11.2.5. Supermarkets/Hypermarkets
11.2.6. Discount Stores
11.2.7. Coffee Shops
11.2.8. Entertainments
11.2.9. Salons/Spa
11.2.10. Book Stores
11.2.11. Home Décor Stores
11.2.12. Gas Stations
11.2.13. Visa/Master Card/American Express Gift Cards
11.2.14. Others
11.3. Africa Gift Cards Market, by End-user, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Business
11.3.3. Individuals
11.3.4. Others
11.4. Africa Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. High (Above 400 US$)
11.4.3. Medium (200-400 US$)
11.4.4. Low (0-200 US$)
11.4.5. Others
11.5. Africa Gift Cards Market, by Type, 2016-2028(US$ Bn)
11.5.1. Overview
11.5.2. Universal Accepted Open Loop
11.5.3. Restaurant Closed Loop
11.5.4. RETAIL CLOSED LOOP
11.5.5. Miscellaneous Closed Loop
11.5.6. E-Gifting
11.5.7. Others

12. Global
12.1. Global Gift Cards Market, by Merchant Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Restaurants
12.1.3. Department Stores
12.1.4. Grocery Stores
12.1.5. Supermarkets/Hypermarkets
12.1.6. Discount Stores
12.1.7. Coffee Shops
12.1.8. Entertainments
12.1.9. Salons/Spa
12.1.10. Book Stores
12.1.11. Home Décor Stores
12.1.12. Gas Stations
12.1.13. Visa/Master Card/American Express Gift Cards
12.1.14. Others
12.2. Global Gift Cards Market, by End-user, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Business
12.2.3. Individuals
12.2.4. Others
12.3. Global Gift Cards Market, by Price Range, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. High (Above 400 US$)
12.3.3. Medium (200-400 US$)
12.3.4. Low (0-200 US$)
12.3.5. Others
12.4. Global Gift Cards Market, by Type, 2016-2028(US$ Bn)
12.4.1. Overview
12.4.2. Universal Accepted Open Loop
12.4.3. Restaurant Closed Loop
12.4.4. RETAIL CLOSED LOOP
12.4.5. Miscellaneous Closed Loop
12.4.6. E-Gifting
12.4.7. Others

13. Company Profiles
13.1. Apple, Inc.
13.2. The Up Group
13.3. Best Buy Company, Inc.
13.4. Amazon.com, Inc.
13.5. Starbucks Corporation
13.6. Walmart Stores
13.7. National Gift Card
13.8. Edge Loyalty Systems Pty. Ltd.
13.9. Target Corporation
13.10. InComm
13.11. QwickSilver Solutions
13.12. Gyft
13.13. Blackhawk Network holdings, Inc.
13.14. Edenred Group
13.15. Others

List of Figures

FIG. 1 Global Gift Cards Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Gift Cards Market Segmentation
FIG. 4 Global Gift Cards Market, by Merchant Type, 2019 (US$ Bn)
FIG. 5 Global Gift Cards Market, by End-user, 2021 (US$ Bn)
FIG. 6 Global Gift Cards Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Gift Cards Market Manufacturers, 2019
FIG. 9 Global Gift Cards Market Value Contribution, By Merchant Type, 2021 & 2028 (Value %)
FIG. 10 Global Gift Cards Market, by Restaurants, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Gift Cards Market, by Department Stores, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Gift Cards Market, by Grocery Stores, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Gift Cards Market, by Supermarkets/Hypermarkets, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Gift Cards Market, by Discount Stores, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Gift Cards Market, by Coffee Shops, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Gift Cards Market, by Entertainments, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Gift Cards Market Value Contribution, By End-user, 2021 & 2028 (Value %)
FIG. 18 Global Gift Cards Market, by Business, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Gift Cards Market, by Individuals, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Gift Cards Market Value Contribution, By Price Range, 2021 & 2028 (Value %)
FIG. 21 Global Gift Cards Market, by High (Above 400 US$), 2016-2028 (US$ Bn)
FIG. 22 Global Gift Cards Market, by Medium (200-400 US$), Value, 2016-2028 (US$ Bn)
FIG. 23 Global Gift Cards Market, by Low (0-200 US$), Value, 2016-2028 (US$ Bn)
FIG. 24 Global Gift Cards Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 25 Global Gift Cards Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 26 Global Gift Cards Market, by Universal Accepted Open Loop, 2016-2028 (US$ Bn)
FIG. 27 Global Gift Cards Market, by Restaurant Closed Loop, 2016-2028 (US$ Bn)
FIG. 28 Global Gift Cards Market, by RETAIL CLOSED LOOP, 2016-2028 (US$ Bn)
FIG. 29 Global Gift Cards Market, by Miscellaneous Closed Loop, 2016-2028 (US$ Bn)
FIG. 30 Global Gift Cards Market, by E-Gifting , 2016-2028 (US$ Bn)
FIG. 31 U.S. Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 32 Rest of North America Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 33 U.K. Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 34 Germany Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 35 France Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 36 Italy Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 37 Spain Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 38 Russia Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 39 BENELUX Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 40 Poland Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 41 Austria Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 42 Rest of Europe Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 43 Japan Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 44 China Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 45 India Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 46 South Korea Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 47 Australia Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 48 Southeast Asia Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 49 Rest of Asia Pacific Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 50 Middle East & Africa Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 51 South Africa Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 52 Nigeria Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 53 Egypt Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 54 GCC Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 55 Israel Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 56 Latin America Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 57 Mechanicalzil Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 58 Argentina Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 59 Colombia Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 60 Peru Gift Cards Market, 2016-2028 (US$ Bn)
FIG. 61 Chile Gift Cards Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Business Devices (Gift Cards) Market
TABLE 2 Global Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 3 Global Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 4 Global Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 5 Global Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 Global Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 7 Global Gift Cards Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 9 North America Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 10 North America Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 11 North America Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 North America Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 13 North America Gift Cards Market, by Country, 2016-2028 (US$ Bn)
TABLE 14 Europe Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 15 Europe Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 16 Europe Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 17 Europe Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Europe Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 19 Europe Gift Cards Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Asia Pacific Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 21 Asia Pacific Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 22 Asia Pacific Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 23 Asia Pacific Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 24 Asia Pacific Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 25 Asia Pacific Gift Cards Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 26 Latin America Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 27 Latin America Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 28 Latin America Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 29 Latin America Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 30 Latin America Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 31 Latin America Gift Cards Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 32 Middle East Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 33 Middle East Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 34 Middle East Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 35 Middle East Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 36 Middle East Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 37 Middle East Gift Cards Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 38 Africa Gift Cards Market, by Merchant Type, 2016-2028 (US$ Bn)
TABLE 39 Africa Gift Cards Market, by End-user, 2016-2028 (US$ Bn)
TABLE 40 Africa Gift Cards Market, by Price Range, 2016-2028 (US$ Bn)
TABLE 41 Africa Gift Cards Market, by Type, 2016-2028 (US$ Bn)
TABLE 42 Africa Gift Cards Market, by Sales Channel, 2016-2028 (US$ Bn)
TABLE 43 Africa Gift Cards Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID-19 Impacted the global gift cards market?

The COVID-19 epidemic has had a tremendous impact on the gift card business, with increased demand, particularly for open-loop gift cards, being the primary driver of market growth.

Which is the leading market for gift cards?

In terms of both value and volume, North America had the largest share of the worldwide gift cards market.

What are the key drivers for the growth of the gift cards market?

Consistent Type engagement with shopping, thanks to rapid expansion in digital commerce, as well as an increase in the number of new technologies that enable customers with creative and seamless payment choices, are the primary growth factors for the market. Furthermore, increasing technological advances in gift cards assist organizations to increase sales by making their product offers more unique and appealing, hence propelling the gift cards market forward.

Which is the major segment in Gift Cards Market by Merchant Type?

During the forecast period, the open loop sub-segment is expected to hold a dominant market share in the global market and generate $724.93 billion in revenue.

Which is the major segment in Gift Cards Market by Sales Channel?

During the projected period, the online sales channel sub-segment is expected to increase at the quickest rate. The market is expected to reach $706.05 billion in sales by 2028, up from $185.5 billion in 2020, representing a 17.9% CAGR.

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