Gifts retailing market size to grow by USD 13,491.69 million from 2022 to 2027, Rise in demand for specialized merchandise for gifting to be a key trend - Technavio

NEW YORK, March 17, 2023 /PRNewswire/ -- The global gifts retailing market size is estimated to grow by USD 13,491.69 million from 2022 to 2027 according to Technavio. The market is estimated to grow at a CAGR of 3.01% during the forecast period, and the growth momentum will accelerate. The rise in demand for specialized merchandise for gifting is a key trend in the market. The demand for gift, novelty, and souvenir retailers is high. Specialty gift stores sell gift items that are crafted by local artisans, which leads to a high degree of product differentiation. This, in turn, boosts the demand for specialized merchandise in the premium segment. Souvenir and gift retailers also act as distributors of specialty merchandise. For instance, The Walt Disney Co. engages in the retail and wholesale distribution of products through the Disney Store. These factors are expected to support market growth during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Gifts retailing market - Segmentation assessment
Segment overview
Technavio has segmented the market based on distribution channel (offline and online) and product (souvenirs and novelty items, seasonal decorations, greeting cards, giftware, and other gift items).

• The offline segment will account for a significant share of the market growth during the forecast period. This segment includes specialty retail stores, hypermarkets, supermarkets, convenience stores, department stores, and other retail formats. Vendors that offer gift products are expanding their store operations at different locations. Extensive and innovative marketing in offline channels will further propel the growth of the offline distribution channel segment during the forecast period. Vendors are also coming up with new retail strategies. For instance, Card Factory Plc operates its stores in different locations, including small towns and major cities. These factors will propel the growth of the offline distribution channel segment during the forecast period.

Geography overview
Based on geography, the global gifts retailing market is segmented into Europe, North America, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global gifts retailing market.

• Europe is projected to account for 39% of the market's growth during the forecast period. The culture of gifting is highly prevalent in the region, especially in countries such as the UK, Germany, France, and Spain. Some of the common types of gifts preferred by customers include photo frames, souvenirs, and novelty items. The preference for personalized gifts made from recycled materials is also growing in the region. As a result, there is high demand for eco-friendly gifts. Some of the prominent vendors are also focusing on creating new partnerships to expand their offerings. Factors such as product innovations and product launches will further drive value sales in Europe.

Insights on the market contribution of various segments, including country- and region-
wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a
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Gifts retailing market – Market dynamics
Key factor driving market growth

• The rise in demand for seasonal decorations and the growing gifting culture is driving the market growth.
• The sales of gifts on certain occasions and festivals, such as the New Year and Christmas, have increased across various regions.
• The growing demand for seasonal gifts increases the sales of personalized gifts during special occasions.
• The self-purchase of personalized gifts also contributes to the growth of the global gifts retailing market.
• Design improvements, efficient ordering processes, gift-customization capabilities, and smooth delivery processes further increase the sales of gifts.
• Such practices have increased up-selling and cross-selling by gift retailers.
• The growing gifting culture will positively impact the growth of the global gifts retailing market during the forecast period.

Major challenges hindering the market growth

• Pricing pressures due to intense market competition are challenging market growth.
• The presence of numerous players increases the competition in the market, which, in turn, leads to high pricing pressure.
• Therefore, vendors are adopting low-pricing strategies, which negatively impact the profit margins of major market players.
• E-retailers also pose stiff competition to specialty gift and souvenir retailers.
• The high penetration of the Internet and smart devices further drives the growth of e-retailing.
• These factors impact the pricing strategies of other vendors, which will restrain the growth of the market during the forecast period.

Insights on market drivers, trends, and challenges, historic period (2017 to 2021), and
forecast period (2023 to 2027)- Request a sample report!

What are the key data covered in this gifts retailing market report?

• CAGR of the market during the forecast period
• Detailed information about factors that will drive the growth of the gifts retailing market between 2023 and 2027
• Precise estimation of the size of the gifts retailing market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the gifts retailing market across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of gifts retailing market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global gifts retailing market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global gifts retailing market 2017 - 2021 ($ million)

• 4.2 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geographic segmentation Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geographic segmentation Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Souvenirs and novelty items - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Souvenirs and novelty items - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Souvenirs and novelty items - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Souvenirs and novelty items - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Souvenirs and novelty items - Year-over-year growth 2022-2027 (%)

• 7.4 Seasonal decorations - Market size and forecast 2022-2027
• Exhibit 51: Chart on Seasonal decorations - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Seasonal decorations - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Seasonal decorations - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Seasonal decorations - Year-over-year growth 2022-2027 (%)

• 7.5 Greeting cards - Market size and forecast 2022-2027
• Exhibit 55: Chart on Greeting cards - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Greeting cards - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Greeting cards - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Greeting cards - Year-over-year growth 2022-2027 (%)

• 7.6 Giftware - Market size and forecast 2022-2027
• Exhibit 59: Chart on Giftware - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Giftware - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Giftware - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Giftware - Year-over-year growth 2022-2027 (%)

• 7.7 Other gift items - Market size and forecast 2022-2027
• Exhibit 63: Chart on Other gift items - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Other gift items - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Other gift items - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Other gift items - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Product 
• Exhibit 67: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Aldi Stores Ltd. 
• Exhibit 120: Aldi Stores Ltd. - Overview
• Exhibit 121: Aldi Stores Ltd. - Product / Service
• Exhibit 122: Aldi Stores Ltd. - Key offerings

• 12.4 Alibaba Group Holding Ltd. 
• Exhibit 123: Alibaba Group Holding Ltd. - Overview
• Exhibit 124: Alibaba Group Holding Ltd. - Business segments
• Exhibit 125: Alibaba Group Holding Ltd. - Key offerings
• Exhibit 126: Alibaba Group Holding Ltd. - Segment focus

• 12.5 Amazon.com Inc. 
• Exhibit 127: Amazon.com Inc. - Overview
• Exhibit 128: Amazon.com Inc. - Business segments
• Exhibit 129: Amazon.com Inc. - Key news
• Exhibit 130: Amazon.com Inc. - Key offerings
• Exhibit 131: Amazon.com Inc. - Segment focus

• 12.6 American Greetings Corp. 
• Exhibit 132: American Greetings Corp. - Overview
• Exhibit 133: American Greetings Corp. - Product / Service
• Exhibit 134: American Greetings Corp. - Key offerings

• 12.7 Bed Bath and Beyond Inc. 
• Exhibit 135: Bed Bath and Beyond Inc. - Overview
• Exhibit 136: Bed Bath and Beyond Inc. - Product / Service
• Exhibit 137: Bed Bath and Beyond Inc. - Key news
• Exhibit 138: Bed Bath and Beyond Inc. - Key offerings

• 12.8 Card Factory Plc 
• Exhibit 139: Card Factory Plc - Overview
• Exhibit 140: Card Factory Plc - Business segments
• Exhibit 141: Card Factory Plc - Key offerings
• Exhibit 142: Card Factory Plc - Segment focus

• 12.9 Costco Wholesale Corp. 
• Exhibit 143: Costco Wholesale Corp. - Overview
• Exhibit 144: Costco Wholesale Corp. - Business segments
• Exhibit 145: Costco Wholesale Corp. - Key offerings
• Exhibit 146: Costco Wholesale Corp. - Segment focus

• 12.10 Enesco LLC 
• Exhibit 147: Enesco LLC - Overview
• Exhibit 148: Enesco LLC - Product / Service
• Exhibit 149: Enesco LLC - Key offerings

• 12.11 Ferns N Petals Pvt. Ltd. 
• Exhibit 150: Ferns N Petals Pvt. Ltd. - Overview
• Exhibit 151: Ferns N Petals Pvt. Ltd. - Product / Service
• Exhibit 152: Ferns N Petals Pvt. Ltd. - Key offerings

• 12.12 Hallmark Card Inc. 
• Exhibit 153: Hallmark Card Inc. - Overview
• Exhibit 154: Hallmark Card Inc. - Product / Service
• Exhibit 155: Hallmark Card Inc. - Key offerings

• 12.13 House of Fraser Ltd. 
• Exhibit 156: House of Fraser Ltd. - Overview
• Exhibit 157: House of Fraser Ltd. - Product / Service
• Exhibit 158: House of Fraser Ltd. - Key offerings

• 12.14 Loop Commerce Inc. 
• Exhibit 159: Loop Commerce Inc. - Overview
• Exhibit 160: Loop Commerce Inc. - Product / Service
• Exhibit 161: Loop Commerce Inc. - Key offerings

• 12.15 Macys Inc. 
• Exhibit 162: Macys Inc. - Overview
• Exhibit 163: Macys Inc. - Product / Service
• Exhibit 164: Macys Inc. - Key offerings

• 12.16 My Pet Gift Box Ltd 
• Exhibit 165: My Pet Gift Box Ltd - Overview
• Exhibit 166: My Pet Gift Box Ltd - Product / Service
• Exhibit 167: My Pet Gift Box Ltd - Key offerings

• 12.17 Penney OpCo LLC 
• Exhibit 168: Penney OpCo LLC - Overview
• Exhibit 169: Penney OpCo LLC - Product / Service
• Exhibit 170: Penney OpCo LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: https://newsroom.technavio.org/news/gifts-retailing-market

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