Table of Contents
How big is the US gift card market?
The market size, measured by revenue, of the Gift Shops & Card Stores industry is $13.6bn in 2021. What is the growth rate of the Gift Shops & Card Stores industry in the US in 2021? The market size of the Gift Shops & Card Stores industry is expected to increase 5.7\% in 2021.
How big is the gift giving market?
1. The global gift retail market value was $62 billion in 2019. Market figures show that this number will grow at a steady rate of 2\% annually, meaning that it could reach $68.45 billion by 2024.
What percentage of gift cards are digital?
What percentage of gift cards are digital? According to research, 60\% of all purchased gift cards are digital. With most people in lockdown during the pandemic, the average physical gift card load dropped by 7\% in 2020.
How much do Americans spend on gift cards?
In 2019, Americans spent more than $9 billion on gift cards, a full third of annual gift card sales, according to Packaged Facts. You might even score one or more yourself. Another $7 billion in gift card sales is from employers purchasing cards to give to their employees.
What is the average gift card amount?
On average, shoppers expect to spend approximately $213.49 on gift cards this year, a 7\% increase over 2018. Seventy-six percent of shoppers plan to buy at least one gift card or e-gift this season, up from 72\% in 2018.
What percentage of gift cards go unused?
Most of us do not, according to new data shared with the KSL Investigators. According to Bankrate, 51 percent of U.S. adults have unused gift cards, and the average person is leaving $116 on the table, which adds up to around $15.3 billion nationwide. “It is a lot of money for sure,” said Bankrate’s Ted Rossman.
What is the gifting market?
The UK personalised gift market is expected to reach £1bn over the next 12 months, according to the findings of a new study from Roland DG. The research, which was conducted by Censuswide, polled more than 5,000 shoppers in the UK, Spain, Italy, Germany and France between 18 and 23 November 2020.
How big is the gift basket industry?
Even during that time of decreased growth, gift baskets proved to be a top value industry with analysts estimating its overall value at over $3 billion dollars.
How many gift cards are sold in the US?
This signifies an upward growth trend over the past number of years, as gift card sales were approximately 91 billion U.S. dollars in 2010….Projected gift card sales in the United States from 2006 to 2018 (in billion U.S. dollars)
| Characteristic | Gift card sales in billion U.S. dollars |
|---|---|
| – | – |
What is the most popular gift card?
Gift Card Popularity Over Time
| Gift Card | 2021 Popularity Rank | Change vs 2019 Rank |
|---|---|---|
| Amazon Gift Card | 1 | – |
| Visa Gift Card | 2 | – |
| Walmart Gift Card | 3 | – |
| Target Gift Card | 4 | – |
Is a 20 dollar gift card Enough?
You want to give an amount in the gift card that seems appropriate. General etiquette is usually under $20 for casual acquaintances, like co-workers, $30-$75 for close friends and family members and more for someone like your spouse or for a big occasion, like a wedding.
How big is the UK gifting market?
To put it into context, the total value of the gifting market is £40bn. Valentine’s Day gifts contribute 1 per cent of that sum with £308m spent on 11 million gifts. Christmas is the largest of the gift-buying events, representing 36 per cent of all gifts bought in the UK, while Easter accounts for 3 per cent.
How big is the Global Gift Card Market?
The global gift cards market size was actually valued at $619.25 billion in 2019, and is projected to hit $1,922.87 billion by 2027, growing at a CAGR of 15.4\% from 2020 to 2027. Long-term prospects for digital gift cards remain promising as more payment services become mainstream, while plastic cards make the switch to digital.
What percentage of online retailers offer digital gift cards?
During a 2016 evaluation, it was found that 81\% of top internet retailers offered digital gift cards.
What is the average number of open-loop gift cards purchased per quarter?
According to a study from an August 2020 InComm Consumer Pulse Gift Card Study, the average number of open-loop gift cards purchased per quarter for the first half of 2020 was 7.1 cards, when compared to 5.4 cards per quarter in 2019, and 4.4 cards per quarter in 2018.
How big is the digital gift voucher market?
According to Global Market Research, the gross revenues of digital gift vouchers globally is estimated to reach US $698.2 billion. The report of the research also highlighted an impressive growth rate expected of 10\% annually from 2015 to 2025.