Canada Gift Card And Incentive Card Market Competitive Insights and Precise Outlook 2021-2027

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Canada Gift Card And Incentive Card market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, financial summary, business strategy and planning, SWOT analysis and current developments adopted by various players in order to sustain competition in this highly competitive environment.

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Market Overview:

In the wake of COVID-19, gift card adoption due to additional use cases. For instance, the Province of Prince Edward Island has partnered with Sobeys to offer gift cards to Islanders who have been laid off due to the pandemic. The Employee Gift Card Program will offer approximately US$ 78.11 (C$100) Sobeys gift card to individuals who are undergoing economic hardships. Global Consumer Gift Card Survey, over 43% of Canadians prefer gifting / receiving gift cards. This is significantly higher than previous year, when gift card was seen as a last minute gifting option. Gift card adoption in sectors such as travel and restaurants sector is expected to increase as companies leverage discounted gift cards to attract consumers.

Global Gift Card Survey, gift card industry in Canada is expected to grow by 9.5% on annual basis to reach US$ 6312.2 million in 2021. Despite near-term challenges in 2021, medium to long term growth story of gift cards in Canada remains strong. The gift card industry in Canada is expected to grow steadily in H1 2021 and record a strong growth in H2 2021. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 7.3% during 2021-2025. The gift card market in the country will increase from US$ 5764.6 million in 2020 to reach US$ 8368.4 million by 2025.

The study objectives of this report are:

-An overview of the global market for Global Canada Gift Card And Incentive Card Market and related technologies.
-Analyses of global market trends, with data from 2020, and projections of compound annual growth rates (CAGRs) through 2027.
-Identifications of new market opportunities and targeted promotional plans for Global Canada Gift Card And Incentive Card Market.

-Discussion of research and development, and the demand for new products and new applications.

Regional Analysis For Canada Gift Card And Incentive Card Market:

For extensive understanding of market dynamics, the global Canada Gift Card And Incentive Card market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Canada Gift Card And Incentive Card Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Canada Gift Card And Incentive Card Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Free customization of the report: This report can be further customized according to the client’s specific requirements.

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