Global Gifts Retailing Market 2023-2027
Technavio has been monitoring the gifts retailing market and is poised to grow by $13491.69 mn from 2023-2027, accelerating at a CAGR of 3.01% during the forecast period. Our report on the gifts retailing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in demand for seasonal decorations and growing gifting culture, the growing popularity of private-label brands, and expansion in distribution channels and social media marketing.
Technavio's gifts retailing market is segmented as below:
By Distribution Channel
- Souvenirs and novelty items
- Seasonal decorations
- Greeting cards
- Other gift items
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the rise in demand for specialized merchandise as one of the prime reasons driving the gifts retailing market growth during the next few years. Also, offering personalized gifts, enhanced customer service, and introduction of customer loyalty programs and rising demand for 3d-printed gifts will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on gifts retailing market covers the following areas:
- Gifts retailing market sizing
- Gifts retailing market forecast
- Gifts retailing market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gifts retailing market vendors that include Aldi Stores Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory Plc, Costco Wholesale Corp., Enesco LLC, Ferns N Petals Pvt. Ltd., Hallmark Card Inc., House of Fraser Ltd., Loop Commerce Inc., Macys Inc., My Pet Gift Box Ltd, Penney OpCo LLC, Shutterfly Inc., Spencer Gifts LLC, The Walt Disney Co., Walmart Inc., and Williams Sonoma Inc. Also, the gifts retailing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.