Gift Cards / Product Reviews

Canada Gift Card and Incentive Card Market Intelligence Report 2023: Market is Expected to Grow by 6.2% to Reach $7,200.3 Million in 2023

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Dublin, March 23, 2023 (GLOBE NEWSWIRE) — The “Canada Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2023 Update” report has been added to ResearchAndMarkets.com’s offering. The gift card market in Canada has recorded a CAGR of 7.0% during 2018-2022. Canada’s gift card industry is expected to grow by 6.2% on annual basis to reach US£ 7,200.3 million in 2023.

Gift card market in 2022 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. The gift card industry in Canada will continue to grow over the forecast period and is expected to record a CAGR of 5.1% during 2023-2027.

Gift card market in the country will increase from US£ 6,777.1 million in 2022 to reach US£ 8,801.5 million by 2027. This report provides a detailed data centric analysis of gift card market, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of gift card market dynamics, market size and forecast.

Reasons to buy

In-depth understanding of gift card and incentive card market dynamics: Understand market opportunity, key trends and drivers along with five-year forecast (2018-2027) for gift cards and incentive cards in Canada.
Develop market specific strategies: Identify growth segments and target specific opportunities across consumer segments and occasions to formulate your gift cards strategy; assess market specific key trends and risks.
Get insights into consumer attitude and behaviour in Canada: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through gift cards for both retail and corporate consumers.
Get complete perspective through six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions.
Distribution channel insights: Understand gift cards sales dynamics by channels – online vs offline and by 1st party vs 3rd party sales.

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Closed Loop Gift Card Market Share by Key Retailers.

Key Retailers Covered Include: Scope Total Spend on Gifts in Canada

By Consumer Segment (Retail and Corporate)
By Product Categories (13 Segments)
By Retail Sectors (7 Segments)

Gift Card Market Size by KPIs across Consumer Segments in Canada

Gift Card Market Size by Consumer Segment in Canada Digital Gift Card Market Size in Canada Gift Card Market Size by Retail Consumer in Canada

Gift Card Spend by Consumer Behavior and Demographics in Canada

Consumer Purchase Behaviour
Gift Card Buyer by Age Group
Gift Card Buyer by Income Level
Gift Card Buyer by Gender

Gift Card Market Size by Corporate Consumer in Canada

By Functional Attribute
By Occasion
Employee Incentive
Sales Incentive
Consumer Incentive
By Scale of Business

Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in Canada

Food & Beverage
Health, Wellness & Beauty
Apparel, Footwear & Accessories
Books & Media Products
Consumer Electronics
Restaurants & Bars
Toys, Kids, and Babies
Jewelry
Sporting Goods
Home & Kitchen Accessories & Appliances
Travel
Entertainment & Gaming
Other

Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in Canada

Ecommerce & Department Stores
Restaurants & Bars
Supermarket, Hypermarket, Convenience Store
Entertainment & Gaming
Specialty Stores
Health & Wellness
Travel

Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in Canada

Gift Card Online Sales
Gift Card Offline Sales
1st Party Sales
3rd Party Sales
Sales Uplift

For more information about this report visit https://www.researchandmarkets.com/r/g23l83

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