Categories: Wire Stories

China Gift Card and Incentive Card Intelligence Report 2023: Market to Grow by 6.4% to Reach $169 Billion in 2023 – Forecasts to 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “China Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering.


Gift card industry in China is expected to grow by 6.4% on annual basis to reach US$169.0 billion in 2023. In value terms, the gift card market in China has recorded a CAGR of 9.9% during 2018-2022.

The gift card industry in China will continue to grow over the forecast period and is expected to record a CAGR of 7.3% during 2023-2027. Gift card market in the China will increase from US$158.8 billion in 2022 to reach US$224.1 billion by 2027.

Gift card market in 2022 was driven 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.

This report provides a detailed data centric analysis of gift card market, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of gift card market dynamics, market size and forecast.

Reasons to buy

  • In-depth understanding of gift card and incentive card market dynamics: Understand market opportunity, key trends and drivers along with five-year forecast (2018-2027) for gift cards and incentive cards in China.
  • Develop market specific strategies: Identify growth segments and target specific opportunities across consumer segments and occasions to formulate your gift cards strategy; assess market specific key trends and risks.
  • Get insights into consumer attitude and behaviour in China: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through gift cards for both retail and corporate consumers.
  • Get complete perspective through six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions.
  • Distribution channel insights: Understand gift cards sales dynamics by channels – online vs offline and by 1st party vs 3rd party sales.

Key Attributes:

Report Attribute Details
No. of Pages 268
Forecast Period 2023 – 2027
Estimated Market Value (USD) in 2023 $168.98 Billion
Forecasted Market Value (USD) by 2027 $224.12 Billion
Compound Annual Growth Rate 7.3%
Regions Covered China

Scope

Closed Loop Gift Card Market Share Analysis by Top Retailers

  • Alibaba Group Holding Ltd
  • JD.com Inc
  • Auchan Group SA
  • Wal-Mart Stores Inc
  • Bailian Group Co Ltd
  • Yonghui Superstores Group
  • Apple Inc

Total Spend on Gifts in China

  • By Consumer Segment (Retail and Corporate)
  • By Product Categories (13 Segments)
  • By Retail Sectors (7 Segments)

Gift Card Market Size by KPIs across Consumer Segments in China

  • Gross Load Value
  • Transaction Value
  • Unused Value
  • Average Value Per Transaction
  • Transaction Volume
  • Average Value of Card Purchased
  • Number of Cards

Gift Card Market Size by Consumer Segment in China

  • Retail Consumer
  • Corporate Consumer (Small Scale, Mid-Tier, Large Enterprise)

Digital Gift Card Market Size in China

  • By Retail Consumer
  • By Retail Purchase Occasion
  • By Corporate Consumer
  • By Corporate Purchase Occasion
  • By Company Size

Gift Card Market Size by Retail Consumer in China

  • By Functional Attribute
  • By Occasion
  • Festivals & Special Celebration Days
  • Milestone Celebration
  • Self-Use
  • Other
  • Value by Purchase Channel

Gift Card Spend by Consumer Behavior and Demographics in China

  • Consumer Purchase Behaviour
  • Gift Card Buyer by Age Group
  • Gift Card Buyer by Income Level
  • Gift Card Buyer by Gender

Gift Card Market Size by Corporate Consumer in China

  • By Functional Attribute
  • By Occasion
  • Employee Incentive
  • Sales Incentive
  • Consumer Incentive
  • By Scale of Business

Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in China

  • Food & Beverage
  • Health, Wellness & Beauty
  • Apparel, Footwear & Accessories
  • Books & Media Products
  • Consumer Electronics
  • Restaurants & Bars
  • Toys, Kids, and Babies
  • Jewelry
  • Sporting Goods
  • Home & Kitchen Accessories & Appliances
  • Travel
  • Entertainment & Gaming
  • Other

Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in China

  • Ecommerce & Department Stores
  • Restaurants & Bars
  • Supermarket, Hypermarket, Convenience Store
  • Entertainment & Gaming
  • Specialty Stores
  • Health & Wellness
  • Travel

Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in China

  • Gift Card Online Sales
  • Gift Card Offline Sales
  • 1st Party Sales
  • 3rd Party Sales
  • Sales Uplift

For more information about this report visit https://www.researchandmarkets.com/r/n2sqiy

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Alex

Recent Posts

Prince Holding Group’s Chairman Chen Zhi Named Visionary Philanthropist of the Year for Impactful Initiatives in Cambodia

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 8 November 2024 - Neak Oknha Chen…

16 mins ago

Telosin X Debuts in Singapore at The Mineral Boutique: Revolutionizing At-Home Skincare

SINGAPORE - Media OutReach Newswire - 8 November 2024 – Singapore's beauty enthusiasts have a…

45 mins ago

The Mineral Boutique Expands in Singapore with Three Prime Retail Locations, Strengthening Its Regional Presence with Unique Multi-Brand Offerings

SINGAPORE - Media OutReach Newswire - 8 November 2024 - The Mineral Boutique, a premier…

46 mins ago

Live Group Launches Envoku: Redefining Personalised Engagement

Unveiling The Future of Communication: People-Centric, and Hyper-personalised SINGAPORE - Media OutReach Newswire - 8…

1 hour ago

Lianlian DigiTech Showcases “Dual Booths” at the 2024 Singapore FinTech Festival, Demonstrating Achievements in Digital Payment Services to the World

SINGAPORE - Media OutReach Newswire - 8 November 2024 - The 2024 Singapore FinTech Festival…

1 hour ago

Live Group Launches Envoku: Redefining Personalised Engagement with AI-Driven Solutions

Unveiling The Future of Communication: AI-Powered, People-Centric, and Hyper-personalised SINGAPORE - Media OutReach Newswire -…

1 hour ago