• October 28, 2020

Global Gifts Retailing Market | Growing Popularity of Private-label Brands to Boost Market Growth | Technavio - Odessa American: Business

e-Edition Subscribe

Global Gifts Retailing Market | Growing Popularity of Private-label Brands to Boost Market Growth | Technavio

Print
Font Size:
Default font size
Larger font size

Posted: Friday, October 16, 2020 10:55 pm | Updated: 11:18 pm, Fri Oct 16, 2020.

LONDON--(BUSINESS WIRE)--Oct 16, 2020--

The global gifts retailing market size is poised to grow by USD 6.45 billion during 2020-2024, progressing at a CAGR of almost 2% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201016005493/en/

Technavio has announced its latest market research report titled Global Gifts Retailing Market 2020-2024 (Graphic: Business Wire)

The gift retailing market is driven by the growing popularity of private-label brands. Private-label gifts are becoming a key focus area for retailers across the world. Retailers are selling different types of gifts under their private-label brands also to improve their profitability. Private-label products are priced lower than branded products. Hence, price-sensitive customers are more likely to purchase such gifts. Gift retailers such as supermarket chains have started allocating more shelf space to private-label offerings and are undertaking in-house marketing and promotional activities. The demand for private-label brands is expected to increase during the forecast period, which, in turn, is expected to support the growth of the global gifts retailing market, in terms of volume sales.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Report Highlights:

  • The major gifts retailing market growth came from the souvenirs and novelty items segment in 2019, and is expected to witness the fastest growth during the next five years.
  • APAC was the largest gifts retailing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increasing middle-class population and their rising spending power.
  • The global gifts retailing market is fragmented. Amazon.com Inc., American Greetings Corp., Bed Bath & Beyond Inc., Card Factory Plc, Costco Wholesale Corp., Enesco LLC, Hallmark Licensing LLC, Spencer Gifts LLC, The Walt Disney Co., and Williams-Sonoma Inc. are some of the major market participants. To help clients improve their market position, this gifts retailing market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global gifts retailing market 2020-2024 is expected to have positive growth. As the pandemic spreads in some regions and plateaus in other regions, we re-evaluate the impact on businesses and update our report forecasts.

Expansion in Distribution Channel and Social Media Marketing will be a Key Market Trend

Existing market vendors focus on distribution-channel expansion strategies to enhance their market reach. Omnichannel retailing and social-media marketing strategies positively impact the growth of the global gifts retailing market. Omnichannel retailing is executed through multiple retail channels. It is a combination of e-commerce, m-commerce, and brick-and-mortar retailing. Social media marketing enhances brand image, thereby impacting the customer base of the existing market vendors. Independent gift retailers, which have a minimal financial back-up, benefit significantly from social media marketing. Social media platforms enable the reception of quick consumer responses, which aid the marketers in planning their sales strategies. Hallmark Licensing, a prominent market vendor, has an impactful presence on YouTube, Facebook, Instagram, Pinterest, and Twitter. Amazon.com and Alibaba Group are the prominent e-commerce retailers that engage in gift retailing. Thus, distribution-channel expansions and social media marketing will propel the demand for gifts during the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Gifts Retailing Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist gifts retailing market growth during the next five years
  • Estimation of the gifts retailing market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the gifts retailing market
  • 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

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Souvenirs and novelty items - Market size and forecast 2019-2024
  • Seasonal decorations - Market size and forecast 2019-2024
  • Greeting cards - Market size and forecast 2019-2024
  • Giftware - Market size and forecast 2019-2024
  • Other gift items - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Impact of COVID-19 pandemic on the market
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amazon.com Inc.
  • American Greetings Corp.
  • Bed Bath & Beyond Inc.
  • Card Factory Plc
  • Costco Wholesale Corp.
  • Enesco LLC
  • Hallmark Licensing LLC
  • Spencer Gifts LLC
  • The Walt Disney Co.
  • Williams-Sonoma Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201016005493/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: RETAIL OTHER RETAIL

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/16/2020 11:55 PM/DISC: 10/16/2020 11:55 PM

http://www.businesswire.com/news/home/20201016005493/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Sunny
36°
Humidity: 73%
Winds: W at 14mph
Feels Like: 27°

Your Extended Forecast

Tomorrow

weather
High 52°/Low 38°
Windy with plenty of sun. Highs in the low 50s and lows in the upper 30s.

thursday

weather
High 61°/Low 34°
Mainly sunny. Highs in the low 60s and lows in the mid 30s.

friday

weather
High 69°/Low 40°
Mainly sunny. Highs in the upper 60s and lows in the low 40s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.