Europe Gift Cards and Incentive Cards Market Report 2022-2026

DUBLIN, March 16, 2022 /PRNewswire/ — The report “Europe Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” has been added to from ResearchAndMarkets.com offer.

Despite the short-term challenges in 2022, the medium and long-term growth of gift cards in Europe stay strong. The gift card industry Europe is expected to grow steadily in H1 2022 and record strong growth in H2 2022.

The growth momentum is expected to continue increasing over the forecast period, registering a CAGR of 8.6% during the period 2022-2026. The domestic gift card market will grow from US$57,753.7 million in 2021 to reach US$88,747.1 million by 2026.

The gift card market in 2021 was driven by a wide range of factors, which supported growth in the retail and corporate segments. Key drivers included the growth of e-commerce, increased adoption to entice employees to work remotely, digital gifts, and initiatives undertaken by the government, hospitality, and travel industries to jump-start growth. Although the gift card market has been impacted by COVID-19, the market is expected to rebound in the coming quarters, especially in the first half of 2022.

Gift card industry in Europe held up well to the impact of the economic downturn as well as negative business and consumer sentiment due to the disruptions caused by the Covid-19 outbreak.

Historically, the gift card market in Europe recorded steady growth with a CAGR of 8.6% during the period 2016-2020. According to the Global Gift Card Survey for the fourth quarter of 2021, the gift card industry in the country is expected to grow 0.0% on an annual basis to reach US$63,755.6 million in 2022.

Despite the fact that the region has gone through many socio-economic challenges due to the coronavirus pandemic, the gift card market has witnessed stable growth over the past four to eight quarters. When key players engaged in mergers and acquisitions to increase their market share, fintech startups were busy raising funds to offer niche products in the European gift card market over the past 24 months.

Gift card retailers allow consumers to purchase gift cards using cryptocurrencies in the UK

Amid the growing adoption of cryptocurrencies by consumers nationwide, gift card retailers are also innovating in their services by offering consumers a variety of different payment options, including cryptocurrencies.

  • In November 2021, UK-based online gift card retailer Giftchill, announced that the company has added new payment options allowing consumers to purchase gift cards with cryptocurrencies. Notably, the Company accepts Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Litecoin, and USD Coin, among others, as a payment method for gift card purchases in the UK.
  • According to Giftchill, once the gift card purchase is made through the use of an encrypted payment method, consumers receive the gift card code instantly to their email address.

As more and more consumers invest in cryptocurrencies, the publisher expects the adoption of gift cards to subsequently increase in the UKas it is one of the most efficient and affordable ways to spend cryptocurrencies.

Mergers and acquisitions are on the rise in the French gift card sector

With the gift card industry in France expected to experience robust growth over the next four to eight quarters, M&A activity is also gaining momentum.

  • In September 2021Sodexo, the Paris-, a global catering services provider, announced that the company has acquired a majority stake in French gift card startup, Wedoogift. This acquisition is notably carried out through its subsidiary Sodexo Benefits & Rewards Services in France.
  • Wedoogift offers corporate gift card solutions in France. The company has partnered with more than 7,000 enterprise clients, including SMBs and marketing agencies.
  • Thus, with this acquisition, the publisher expects Sodexo to further gain market share in the corporate gift card segment in the short and medium term.

The publisher also expects more mergers and acquisitions in the gift card industry over the next four to eight quarters in France. This will further intensify competition and innovation in the French gift card industry.

Major German retailers launch overseas gift card programs

On the other side Europe, the popularity of gift cards has grown over the past four to eight quarters. Consumers demanding innovative gift card solutions, Germany-based retailers are launching their gift cards for shoppers in other European countries.

  • In October 2021Aldi, the discount supermarket based in Germanyannounced the launch of its first-ever gift cards at UKwhich can be spent on anything inside the supermarket.
  • Notably, the gift card launch comes in time for Christmas and will be available to shoppers in all of its 920 stores across the UK. The launch of the gift card is also strategic from the perspective of the supply chain crisis, which has raised widespread concerns about food shortages.
  • Shoppers can purchase and gift gift cards of up to £500 to friends and family in the UK.

Scope

This bundle offers the following in-depth opportunities in the Gift Card Market nationwide

Total spend on gifts

  • By consumer segment (retail and business)
  • By product categories (13 segments)
  • By retail sectors (7 segments)

Gift Card Market Size by KPIs in Consumer Segments

  • Gross load value
  • Transaction value
  • Unused value
  • Average value per transaction
  • Transaction volume
  • Average value of card purchased
  • Number of cards

Gift Card Market Size by Consumer Segment

  • retail consumer
  • Corporate consumer (small scale, intermediate, large enterprise)

Digital gift card market size

  • Per retail consumer
  • Per Retail Opportunity
  • By Corporate Consumer
  • By Business Buying Opportunity
  • By business size

Gift Card Market Size by Retail Consumer

  • By functional attribute
  • By Occasion1. Festivals and special days of celebration
    2. Milestone Celebration
    3. Self-use
    4. Other
  • Value by buying channel

Gift Card Spending by Consumer Behavior and Demographics

  • Consumer buying behavior
  • Gift card buyer by age group
  • Gift card buyer by income level
  • Gift card buyer by gender

Gift Card Market Size by Company

  • By functional attribute
  • By Occasion1. Employee incentive
    2. Sales incentive
    3. Consumer incentive
  • By activity scale

Spending on gifts by product categories (split between individuals and businesses)

  • food and drinks
  • Health, well-being and beauty
  • Clothing, shoes and accessories
  • Books and multimedia products
  • Consumer electronics
  • Restaurants & Bars
  • Toys, children and babies
  • Jewelry
  • Sport stuff
  • Home and kitchen accessories and appliances
  • Travel
  • Entertainment and games
  • Other

Gift card spending by retail sector (distribution between personal and business)

  • E-commerce and department stores
  • Restaurants & Bars
  • Supermarket, hypermarket, convenience store
  • Entertainment and games
  • Specialty stores
  • Health
  • Travel

Gift card spend by distribution channel (split between personal and business)

  • Online gift card sales
  • Offline gift card sales
  • First party sales
  • Sales to third parties
  • Increase in sales

Closed-loop gift card market share by major retailers. Major retailers covered include:

  • Aldi Group
  • XXXLutz Group
  • Schwarz Beteiligungs GmbH
  • Steinhoff International Holdings AG
  • M-Preis Warenvertriebs GmbH (Molk)
  • Amazon.com Inc.
  • Etn Franz Colruyt SA
  • Delhaize Group SA
  • Inter Ikea Systems B.V.
  • Blokker Nederland BV
  • FDB Group
  • Dansk Supermarked A/S
  • Dagrofa ApS
  • Reitangruppen AS
  • Dixons Carphone Plc
  • Jysk Holding A/S
  • S-Group
  • Kesko Oyj
  • Alko Oy
  • Suomen Lahikauppa Oy
  • Stockmann Oyj Abp
  • Carrefour S.A.
  • E Leclerc
  • ITM Enterprises SA
  • Auchan Group SA
  • System U Central National Sa
  • Edeka Zentral AG & Co KG
  • Rewe Group
  • dm-Drogerie Markt GmbH & Co KG
  • Tengelmann Group, The
  • Dirk Rossmann KG
  • Globus Holding GmbH & Co
  • H&M Hennes & Mauritz AB
  • Sklavenite J&S SA
  • Marinopoulos SA
  • Diamantis Masoutis SA
  • Inditex, Industria de Diseno Textil SA
  • Hondos Bros.
  • Scarf Coop Italia
  • CONAD – Consorzio Nazionale Dettaglianti Scrl
  • Esselunga Spa
  • Selex Gruppo Commerciale SpA
  • Eurospin Group
  • Crai Secom SpA
  • Apple Inc.
  • Royal Ahold SA
  • Jumbo Supermarkten B.V.
  • Sperwer Holding B.V.
  • Intergamma B.V.
  • Hema B.V.
  • Detailed result Groep NV
  • Jeronimo Martins SGPS SA
  • Tesco Plc
  • Eurocash SA
  • Metro SA
  • Euro-net Sp zoo
  • Magnit OAO
  • X5 Retail Group SA
  • Dixy Group OAO
  • Slow OOO
  • M Video OAO
  • DNS Group
  • El Corte Inglés SA
  • Eroski Group
  • Migros Genossenschaftsbund eG
  • Coop Genossenschaft
  • Maus Freres SA
  • fenaco-LANDI Gruppu
  • Associated British Foods Plc
  • Next Plc
  • J Sainsbury Plc
  • Wal-Mart Stores Inc.
  • TJX Cos Inc, The
  • Wm Morrison Supermarkets Plc

For more information about this report visit https://www.researchandmarkets.com/r/ye2lkl

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