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Gift Cards Market Size

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Report ID: 6387
Published Date: Sep 05, 2024
Report Format: PDF, PPT

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Gift Cards Market Size

Gift Cards Market size was USD 985.1 billion in 2023 and is predicted to cross USD 8195.4 billion by the end of 2036, expanding at a CAGR of 19.3% during the forecast timeframe, i.e., 2024-2036. In 2024, the industry size of gift cards is evaluated at USD 1159.4 billion.

The growing usage of gift cards by medium and large enterprises has boosted the requirement for gift cards. According to a survey done by the Gift Card & Voucher Association in March 2023, around 54.1% of UK adults or approximately 28.8 million people received at least 1 gift card in 2022. These gift cards can be used in a variety of merchants such as dining, electronics, gas, clothing, and jewelry.

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Gift Cards Market Size & Share | Growth Forecasts 2036

Author Credits: Parul Atri

Report ID: 6387
Published Date: Sep 05, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the gift cards market was over USD 985.1 billion.

The market size of gift cards is projected to cross USD 8195.4 billion by the end of 2036 expanding at a CAGR of 19.3% during the forecast period i.e., between 2024-2036.

The major players in the market are Walmart, Paytronix Systems, Blackhawk Network, Fiserv Inc., Amazon, InComm Payments LLC, Givex Corporation, PayPal, American Express, Foodpanda, and others.

In terms of card type, the closed-loop segment is anticipated to garner the largest market share of 64.0% by 2036 and display significant growth opportunities during 2024-2036.

The market in North America is projected to hold the largest revenue share of 45.0% by the end of 2036 and provide more business opportunities in the future.

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