The "Sweden Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail Corporate Consumers, Top Retailers, Distribution Channel
Research and Markets: Germany Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Databook 2021 - ResearchAndMarkets.com
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According to the publisher s Q4 2020 Global Gift Card Survey, gift card industry in Germany is expected to grow by 10.9% on annual basis to reach US$ 10493.8 million in 2021.
Despite near-term challenges in 2021, medium to long term growth story of gift cards in Germany remains strong. The gift card industry in Germany is expected to grow steadily in H1 2021 and record a strong growth in H2 2021. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 9.6% during 2021-2025. The gift card market in the country will increase from US$ 9465.6 million in 2020 to reach US$ 15119.7 million by 2025.
Research and Markets: United Kingdom $12,162.6 Million Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics to 2025 - ResearchAndMarkets.com
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United Kingdom is expected to grow by 10.9% on annual basis to reach US$ 8507.6 million in 2021
Despite near-term challenges in 2021, medium to long term growth story of gift cards in United Kingdom remains strong. The gift card industry in United Kingdom is expected to grow steadily in H1 2021 and record a strong growth in H2 2021. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 9.3% during 2021-2025. The gift card market in the country will increase from US$ 7668.8 million in 2020 to reach US$ 12162.6 million by 2025.
Research and Markets: Russia Gift Card and Incentive Card Market Report 2021: Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, Distribution Channel, Occasions, and Demographics - ResearchAndMarkets.com
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The gift card market in 2020 was driven by a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially in H1 2021.
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Historically, the gift card market in South Africa has recorded a steady growth with increased adoption in self-use segment. According to the publisher, gift card market growth in South Africa is expected to be impacted across retail and corporate segments due to disruption caused by COVID-19 outbreak. However, certain segments such as self-use which will gain significant market share.
The pandemic induced economic downturn is forcing companies to have an online presence and push their e-commerce offerings which could improve e-commerce growth in the country. The shift from brick and mortar to e-commerce in South Africa has been slow, although half of the population has access to the internet. However, due to the COVID-19 outbreak, the retailers and delivery start-ups have begun selling online and have witnessed an increase in demand as consumers stay away from in-store shopping due to the fear of spread of coronavirus.