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Gifts Retailing Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45270
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The gifts retailing market share is expected to increase by USD 14.60 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.37%.

This gifts retailing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers gifts retailing market segmentation by product (souvenirs and novelty items, seasonal decorations, greeting cards, giftware, and other gift items), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and MEA). The gifts retailing market report also offers information on several market vendors, including Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory Plc, Enesco LLC, Hallmark Licensing LLC, Spencer Gifts LLC, The Walt Disney Co., and Williams-Sonoma Inc. among others.

What will the Gifts Retailing Market Size be During the Forecast Period?

Gifts Retailing Market Size

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Gifts Retailing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rise in demand for seasonal decorations and growing gifting culture is notably driving the gifts retailing market growth, although factors such as pricing pressures due to fierce market competition may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gifts retailing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Gifts Retailing Market Driver

One of the key factors driving growth in the gifts retailing market is the rise in demand for seasonal decorations and growing gifting culture. A major percentage of the revenue generated in the global gifts retailing market is contributed by seasonal decorations. Personalized decorative gifts (such as mugs, plates, and handkerchiefs) are gifted on important days. Additionally, the sale of gifts on important days and festivals has increased in the developing markets of APAC, Central America, and South America. The sale of such products particularly increases during seasonal occasions and holidays. The growing demand for seasonal gifts results in the increased sale of personalized gifts during special occasions. This, in turn, boosts the growth of the market. The culture of self-gifting has evolved significantly. Self-purchase of personalized gifts expands the global gifts retailing market to a certain extent. Customizing gifts through personalization, configuration, or on-demand printing enables value addition to standard gifts. Such practices have contributed to increased up-selling and cross-selling among gift retailers. Thus, the growing gifting culture positively impacts the global gifts retailing market.

Key Gifts Retailing Market Trend

The rise in demand for specialized merchandise is another major factor supporting the gifts retailing market share growth. The market exhibits a clear distinction between specialty merchandisers and mass merchandisers. Lately, the market has been witnessing high demand in gift industry trends, novelty, and souvenir retailers. Specialized gift stores majorly offer gifts that are crafted by local artisans. This leads to a high degree of product differentiation among specialty retailers. This boosts the demand for specialized merchandise among the premium customer segment. Souvenir and gift retailers can also act as distributors of specialized merchandise. Disney licenses its trade names, characters, and visual and literary properties to various retailers, promoters, and publishers. The company also engages in the retail and wholesale distribution of products through the Disney Store.

Key Gifts Retailing Market Challenge

The pricing pressures due to the fierce market competition will be a major challenge for the gifts retailing market during the forecast period. Alternatives to specialty gift retailers include department stores, mass merchandisers, e-retailers, novelty, and souvenirs. Mass merchandisers and department stores are one-stop solutions for customers. The presence of numerous players in the market increases market competition, which in turn, leads to increased pricing pressure. To withstand the increased pricing pressure, the existing market vendors are adopting economical pricing strategies. Such strategies negatively impact the profit margins of major market players. Thus, increased pricing pressures restrain the growth of the global gifts retailing market to a certain extent

This gifts retailing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global gifts retailing market as a part of the global personal products market within the global household and personal products market. The parent market global personal products market covers products and companies engaged in research and development (R&D) and production of personal and beauty care products, including cosmetics and perfumes. The scope of global personal products also includes personalized gifts, sleep masks, sex toys, hair wigs and extensions, and polarized sunglasses markets. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the gifts retailing market during the forecast period.

Who are the Major Gifts Retailing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amazon.com Inc.
  • American Greetings Corp.
  • Bed Bath and Beyond Inc.
  • Card Factory Plc
  • Enesco LLC
  • Hallmark Licensing LLC
  • Spencer Gifts LLC
  • The Walt Disney Co.
  • Williams-Sonoma Inc.

 

This statistical study of the gifts retailing market encompasses successful business strategies deployed by the key vendors. The gifts retailing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Amazon.com Inc-The company offers a Pay gift card for wedding gift boxes which can be redeemable on the company website.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The gifts retailing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Gifts Retailing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the gifts retailing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the gifts retailing market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by the manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Gifts Retailing Market?

Gifts Retailing Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period. China is the key market for gift retailing in APAC. Market growth in this region will be faster than the growth of the market in other regions.

People in Europe are also highly aware of and concerned about the environmental impact of customer products. Therefore, they prefer to buy personalized gifts made of recycled materials. This inclination among customers will facilitate the gifts retailing market over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Gifts Retailing Market?

Gifts Retailing Market Segmentation

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The gifts retailing market share growth in the souvenirs and novelty items segment will be significant during the forecast period. Vendors use promotional and marketing strategies, such as branding through signages and discounts on product packages at their stores. Retail stores such as Walmart Inc. and Tesco Plc have been selling gifts on their shelves for a long time

This report provides an accurate prediction of the contribution of all the segments to the growth of the gifts retailing market size and actionable market insights on post COVID-19 impact on each segment.

 

Gifts Retailing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.37%

Market growth 2021-2025

$ 14.60 billion

Market structure

Fragmented

YoY growth (%)

1.97

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 40%

Key consumer countries

US, China, France, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory Plc, Enesco LLC, Hallmark Licensing LLC, Spencer Gifts LLC, The Walt Disney Co., and Williams-Sonoma Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Gifts Retailing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gifts retailing market growth during the next five years
  • Precise estimation of the gifts retailing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gifts retailing industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gifts retailing market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis : Personal products

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Souvenirs and novelty items - Market size and forecast 2020-2025
      • Exhibit 17: Souvenirs and novelty items - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Souvenirs and novelty items - Year-over-year growth 2020-2025 (%)
    • 5.4 Seasonal decorations - Market size and forecast 2020-2025
      • Exhibit 19: Seasonal decorations - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Seasonal decorations - Year-over-year growth 2020-2025 (%)
    • 5.5 Greeting cards - Market size and forecast 2020-2025
      • Exhibit 21: Greeting cards - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Greeting cards - Year-over-year growth 2020-2025 (%)
    • 5.6 Giftware - Market size and forecast 2020-2025
      • Exhibit 23: Giftware - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Giftware - Year-over-year growth 2020-2025 (%)
    • 5.7 Other gift items - Market size and forecast 2020-2025
      • Exhibit 25: Other gift items - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Other gift items - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 27: Market opportunity by Product

    6 Market Segmentation by Distribution channel

    • 6.1 Market segments
      • Exhibit 28: Distribution channel - Market share 2020-2025 (%)
    • 6.2 Comparison by Distribution channel
      • Exhibit 29: Comparison by Distribution channel
    • 6.3 Offline - Market size and forecast 2020-2025
      • Exhibit 30: Offline - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Offline - Year-over-year growth 2020-2025 (%)
    • 6.4 Online - Market size and forecast 2020-2025
      • Exhibit 32: Online - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Online - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Distribution channel
      • Exhibit 34: Market opportunity by Distribution channel

    7 Customer landscape

    • 7.1 Customer landscape
      • Exhibit 35: Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 Europe - Market size and forecast 2020-2025
      • Exhibit 38: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: Europe - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 40: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 48: Key leading countries
    • 8.9 Market opportunity by geography

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • Exhibit 50: Impact of drivers and challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Vendor landscape
            • Exhibit 51: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 52: Landscape disruption
            • Exhibit 53: Industry risks
          • 10.3 Competitive Landscape

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 54: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 55: Market positioning of vendors
            • 11.3 Amazon.com Inc.
              • Exhibit 56: Amazon.com Inc. - Overview
              • Exhibit 57: Amazon.com Inc. - Business segments
              • Exhibit 58: Amazon.com Inc. - Key offerings
              • Exhibit 59: Amazon.com Inc. - Segment focus
            • 11.4 American Greetings Corp.
              • Exhibit 60: American Greetings Corp. - Overview
              • Exhibit 61: American Greetings Corp. - Product and service
              • Exhibit 62: American Greetings Corp. - Key news
              • Exhibit 63: American Greetings Corp. - Key offerings
            • 11.5 Bed Bath and Beyond Inc.
              • Exhibit 64: Bed Bath and Beyond Inc. - Overview
              • Exhibit 65: Bed Bath and Beyond Inc. - Product and service
              • Exhibit 66: Bed Bath and Beyond Inc. - Key offerings
            • 11.6 Card Factory Plc
              • Exhibit 67: Card Factory Plc - Overview
              • Exhibit 68: Card Factory Plc - Business segments
              • Exhibit 69: Card Factory Plc - Key offerings
              • Exhibit 70: Card Factory Plc - Segment focus
            • 11.7 Costco Wholesale Corp.
              • Exhibit 71: Costco Wholesale Corp. - Overview
              • Exhibit 72: Costco Wholesale Corp. - Business segments
              • Exhibit 73: Costco Wholesale Corp. - Key offerings
              • Exhibit 74: Costco Wholesale Corp. - Segment focus
            • 11.8 Enesco LLC
              • Exhibit 75: Enesco LLC - Overview
              • Exhibit 76: Enesco LLC - Product and service
              • Exhibit 77: Enesco LLC - Key offerings
            • 11.9 Hallmark Licensing LLC
              • Exhibit 78: Hallmark Licensing LLC - Overview
              • Exhibit 79: Hallmark Licensing LLC - Product and service
              • Exhibit 80: Hallmark Licensing LLC - Key offerings
            • 11.10 Spencer Gifts LLC
              • Exhibit 81: Spencer Gifts LLC - Overview
              • Exhibit 82: Spencer Gifts LLC - Product and service
              • Exhibit 83: Spencer Gifts LLC - Key offerings
            • 11.11 The Walt Disney Co.
              • Exhibit 84: The Walt Disney Co. - Overview
              • Exhibit 85: The Walt Disney Co. - Business segments
              • Exhibit 86: The Walt Disney Co. - Key offerings
              • Exhibit 87: The Walt Disney Co. - Segment focus
            • 11.12 Williams-Sonoma Inc.
              • Exhibit 88: Williams-Sonoma Inc. - Overview
              • Exhibit 89: Williams-Sonoma Inc. - Business segments
              • Exhibit 90: Williams-Sonoma Inc. - Key offerings
              • Exhibit 91: Williams-Sonoma Inc. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 92: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 93: Research Methodology
                • Exhibit 94: Validation techniques employed for market sizing
                • Exhibit 95: Information sources
              • 12.4 List of abbreviations
                • Exhibit 96: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Gifts Retailing Market market growth will increase by $14.60 bn during 2021-2025.
              The gifts retailing market market is expected to grow at a CAGR of 3.37% during 2021-2025.
              Technavio has segmented the gifts retailing market market by product (Souvenirs and novelty items, Seasonal decorations, Greeting cards, Giftware, and Other gift items) ,distribution channel (Offline and Online) , and geography (Europe, North America, APAC, South America, and MEA).
              Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory Plc, Costco Wholesale Corp., Enesco LLC, Hallmark Licensing LLC, Spencer Gifts LLC, The Walt Disney Co., Williams-Sonoma Inc. are a few of the key vendors in the gifts retailing market market.
              APAC will register the highest growth rate of 40% among the other regions. Therefore, the gifts retailing market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the gifts retailing market market growth are:
              • rise in demand for seasonal decorations and growing gifting culture
              • rise in demand for specialized merchandise
              The gifts retailing market market vendors should focus on grabbing business opportunities from the souvenirs and novelty items segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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