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
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
Total Spend on Gifts in China
Gift Card Market Size by KPIs across Consumer Segments in China
Gift Card Market Size by Consumer Segment in China
Digital Gift Card Market Size in China
Gift Card Market Size by Retail Consumer in China
Gift Card Spend by Consumer Behavior and Demographics in China
Gift Card Market Size by Corporate Consumer in China
Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in China
Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in China
Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in China
For more information about this report visit https://www.researchandmarkets.com/r/n2sqiy
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