Gifts Retailing Market Introduction and Overview
According to SPER Market Research, the Global Gifts Retailing Market is estimated to reach USD XX Billion by 2033 with a CAGR of 4.3%.
The report includes an in-depth analysis of the Global Gifts Retailing Market, including market size and trends, product mix, applications, and supplier analysis. Retail gift-giving is the selling of different goods and products with the intention of giving them away as presents or gifts to others on holidays, special events, or as acts of kindness. Gifts like gourmet food baskets, technology, fashion accessories, and novelty items can be found among these products, as well as more conventional choices like personalised items, flowers, and greeting cards.
- May 2023: Card Factory wants to grow into seven foreign markets. It has announced that Liwa Trading Enterprises, based in the Middle East, will serve as its sole franchise partner in the area.
- April 2023: Hallmark declared that it would be extending its longest-running licence with the Peanuts brand. With the five-year extension, Hallmark may keep making the well-liked Peanuts products in a variety of categories, such as Hallmark Keepsake Ornaments, presents, and greeting cards.
Market Opportunities and Challenges
In terms of growth opportunities, the corporate gifting market has enormous potential. Companies frequently send gifts to their customers and staff as a way to show gratitude or to foster stronger bonds. Retailers may take advantage of this growing market by providing a wide selection of corporate gift options and specialised services designed to cater to the unique requirements of businesses, as corporate gifting continues to gain popularity. The growing demand for specialised gift goods is expected to propel expansion in the worldwide gifts retailing market.
Speciality retailers and mass merchandisers are clearly different, with gift, novelty and souvenir businesses seeing a recent spike in demand. Specialty gift stores have a high degree of product differentiation because they mostly sell items made by local artisans. This meets the increased demand for distinctive products from the premium clientele. Retailers of gifts and souvenirs may also serve as distributors of specialty goods; brands such as Disney are licenced to several companies for both retail and wholesale distribution. Thus, during the course of the forecast period, the market is anticipated to increase as a result of the rising demand for specialised gift goods.
One major obstacle impeding the expansion of the worldwide gifting industry is the pricing pressures brought on by fierce competition. Niche gift retailers compete with options such as department stores, mass merchandisers, e-sellers, and souvenir shops. Well-known retailers like House of Fraser, JCPenney, and Macy's provide a variety of gift options. Because of the intense rivalry, there is more pressure on prices, which forces established market participants to embrace low-cost tactics and reduce their profit margins. As e-retailing becomes more popular in tech-savvy areas, speciality gift businesses are up against fierce online competition. price challenges stem from suppliers' varying price strategies based on revenue and offerings, which may impede market expansion throughout the projection period.
Market Competitive Landscape
The retail gift industry is fiercely competitive, with participants always coming up with new ideas and adjusting to the shifting tastes and fashions of their target audience. Retailers set themselves apart from the competition by providing distinctive product choices, top-notch customer support, tailored solutions, and affordable prices. In this competitive environment, establishing a strong online presence and cultivating brand loyalty are critical tactics. Both online and conventional brick-and-mortar stores have a piece of the market for gift-giving consumer spending. The major key players in the Global Gifts Retailing Market are: Aldi Stores Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., American Greetings Corp., Card Factory, Hallmark Cards Inc., Macys Inc, My Pet Gift Box Ltd, Shutterfly Inc, Spencer Gifts LLC, The Walt Disney Co, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Distribution Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Aldi Stores Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., American Greetings Corp., Card Factory, Hallmark Cards Inc., Macys Inc, My Pet Gift Box Ltd, Shutterfly Inc, Spencer Gifts LLC, The Walt Disney Co, Others
|
COVID-19 Impact on Global Gifts Retailing Market
Numerous businesses throughout the world were impacted by the abrupt coronavirus outbreak. Government rules and other limitations hinder the expansion of the sector. The market's advancement was hindered by the lessened need for gifts and the prohibition on parties and public meetings in an effort to stop the disease's spread. Travel constraints and social distance regulations reduced market growth. Furthermore, the market's expansion is hindered by showroom closures and excessive raw material prices. The COVID-19 pandemic has been unprecedented and staggering on a global scale. Demand for gifts in retail has exceeded expectations in every region when compared to pre-pandemic levels. When the pandemic ends, demand will likely recover to pre-pandemic levels, which explains the abrupt spike in CAGR.
Key Target Audience:
- Corporate Gifting Companies
- E-commerce Platforms
- Event Planners and Wedding Coordinators
- Gift buyers seeking unique and personalized items.
- Individuals looking to purchase gifts for various occasions.
- Manufacturers and Distributors
- Marketing and Advertising Agencies
- Retailers and Gift Shops
- Others
Our in-depth analysis of the Gifts Retailing Market includes the following segments:
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By Product: |
Giftware
Greeting cards
Seasonal decorations
Souvenirs and novelty items
Other gift items
|
|
By Distribution Channel: |
Offline
Online
|
|
By Region:
|
Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
|
Key Topics Covered in the Report:
- Global Gifts Retailing Market Size (FY’2023-FY’2033)
- Overview of Global Gifts Retailing Market
- Segmentation of Global Gifts Retailing Market By Product (Giftware, Greeting cards, Seasonal decorations, Souvenirs and novelty items, Other gift items)
- Segmentation of Global Gifts Retailing Market By Distribution Channel (Offline, Online)
- Statistical Snap of Global Gifts Retailing Market
- Expansion Analysis of Global Gifts Retailing Market
- Problems and Obstacles in Global Gifts Retailing Market
- Competitive Landscape in the Global Gifts Retailing Market
- Impact of COVID-19 and Demonetization on Global Gifts Retailing Market
- Details on Current Investment in Global Gifts Retailing Market
- Competitive Analysis of Global Gifts Retailing Market
- Prominent Players in the Global Gifts Retailing Market
- SWOT Analysis of Global Gifts Retailing Market
- Global Gifts Retailing Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Gifts Retailing Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Gifts Retailing Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Gifts Retailing Market
7. Global Gifts Retailing Market, By Product (USD Million)
7.1. Global Gifts Retailing Market Value Share and Forecast, By Product, 2023-2033
7.2. Giftware
7.3. Greeting cards
7.4. Seasonal decorations
7.5. Souvenirs and novelty items
7.6. Other gift items
8. Global Gifts Retailing Market, By Distribution Channel (USD Million)
8.1. Global Gifts Retailing Market Value Share and Forecast, By Distribution Channel, 2023-2033
8.2. Offline
8.3. Online
9. Global Gifts Retailing Market Forecast, 2019-2033 (USD Million)
9.1. Global Gifts Retailing Market Size and Market Share
10. Global Gifts Retailing Market, By Product, 2019-2033 (USD Million)
10.1. Global Gifts Retailing Market Size and Market Share By Product (2019-2026)
10.2. Global Gifts Retailing Market Size and Market Share By Product (2027-2033)
11. Global Gifts Retailing Market, By Distribution Channel, 2019-2033 (USD Million)
11.1. Global Gifts Retailing Market Size and Market Share By Distribution Channel (2019-2026)
11.2. Global Gifts Retailing Market Size and Market Share By Distribution Channel (2027-2033)
12. Global Gifts Retailing Market, By Region, 2019-2033 (USD Million)
12.1. Global Gifts Retailing Market Size and Market Share By Region (2019-2026)
12.2. Global Gifts Retailing Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Aldi Stores Ltd.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Holding Ltd.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Amazon.com Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. American Greetings Corp.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Card Factory
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Hallmark Cards Inc.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Macys Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. My Pet Gift Box Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Shutterfly Inc.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Spencer Gifts LLC
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. The Walt Disney Co.
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope