DUBLIN–(BUSINESS WIRE)–The “Malaysia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offering.
The gift card industry in Malaysia is expected to grow by 13.5% on annual basis to reach US$ 1,541.6 million in 2023.
In value terms, the gift card market in Malaysia has recorded a CAGR of 12.3% during 2018-2022. The gift card industry in Malaysia will continue to grow over the forecast period and is expected to record a CAGR of 11.7% during 2023-2027.
The gift card market in the country will increase from US$ 1,358.5 million in 2022 to reach US$ 2,402.9 million by 2027.
The gift card market in 2022 was driven by 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 the 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 the gift card market dynamics, market size and forecast.
Reasons to buy
Scope
Total Spend on Gifts in Malaysia
Gift Card Market Size by KPIs across Consumer Segments in Malaysia
Gift Card Market Size by Consumer Segment in Malaysia
Digital Gift Card Market Size in Malaysia
Gift Card Market Size by Retail Consumer in Malaysia
Gift Card Spend by Consumer Behavior and Demographics in Malaysia
Gift Card Market Size by Corporate Consumer in Malaysia
Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in Malaysia
Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in Malaysia
Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in Malaysia
For more information about this report visit https://www.researchandmarkets.com/r/5r577i
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