DUBLIN–(BUSINESS WIRE)–The “Taiwan Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
Gift card market in 2021 was driven a wide range of factors, which supported growth across retail and corporate segments.
Despite near-term challenges in 2022, medium to long term growth story of gift cards in Taiwan remains strong. The gift card industry in Taiwan is expected to grow steadily in H1 2022 and record a strong growth in H2 2022. The gift card market in the country will reach US$3392 million by 2026.
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. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially in H1 2022.
Gift card industry in Taiwan has done well to withstand the impact of economic slowdown along with negative business and consumer sentiment due to disruption caused by Covid-19 outbreak.
Reasons to buy
Scope
Total Spend on Gifts in Taiwan
Gift Card Market Size by KPIs across Consumer Segments in Taiwan
Gift Card Market Size by Consumer Segment in Taiwan
Digital Gift Card Market Size in Taiwan
Gift Card Market Size by Retail Consumer in Taiwan
Gift Card Spend by Consumer Behavior and Demographics in Taiwan
Gift Card Market Size by Corporate Consumer in Taiwan
Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in Taiwan
Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in Taiwan
Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in Taiwan
For more information about this report visit https://www.researchandmarkets.com/r/nh09e5
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