China Gift Card
China Gift Card - Dublin, March 10, 2023 /PRNewswire/ -- The report "China Gift and Incentive Cards Market Insights and Future Growth Dynamics (Databook) - Updated Q1 2023" has been added to the offerings of ResearchAndMarkets.com. The gift card market in 2022 was impacted by multiple factors supporting growth in the retail and business sectors.
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China Gift Card
Key drivers include the growth of e-commerce, growing acceptance of encouraging employees to work remotely, and digital gifts and initiatives taken by governments, hospitality and travel industries to revive growth. In terms of value, China's gift card market registered a CAGR of 9.9% during the period 2018-2022.
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According to the issuer, the domestic gift card industry is expected to grow by 8.4% year over year and reach $164.0622 million by 2023. China's gift card industry will continue to grow during the forecast period and is expected to register a CAGR of 7.3% during the period 2023-2027.
The country's gift card market will grow from USD 151,283.0 million in 2022 to USD 217,591.3 million by 2027. This report provides a detailed data-driven analysis of the gift card market and covers market opportunities and risks across different retail categories. With more than 75 country-level KPIs, the report provides a comprehensive understanding of gift card market dynamics, market size and forecast.
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Total Gift Spending in China Gift Card Market Size by KPI by Consumer Segment in China Gift Card Spending by Product Category in China (Split by Retail and Business Consumer) Gift Card Spending in China by Retail Segment Gift Card Spending by Retail Segment Segmentation) Distribution channels in China (divided into retail and business consumers) Closed-loop gift card market share by major retailers.
The main retailers covered are: In-depth understanding of gift card and incentive card market dynamics: understanding market opportunities, key trends and drivers along with a five-year forecast (2018-2027) for gift cards and incentive cards in China. Market-Specific Strategies Development: Identify growth segments and target specific opportunities in the consumer segment and gift card strategy development opportunities.
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Evaluate key trends and risks unique to the market. Gain insight into consumer attitudes and behaviors in China: Understand changing consumer attitudes and behaviors and increase ROI. Get detailed insights into your retail spending with gift cards for retail and business consumers. Get a complete perspective with 6 key KPIs: Number of Cards in Circulation, Load Value, Unspent Value, Average Purchase Value, Average Value Per Transaction and Transaction Value.
Insights into distribution channels: Understand gift card sales dynamics by channel (online versus online, first-party versus third-party sales). About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We stay up-to-date on international and regional markets, key industries, top companies, new products and the latest trends.
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