Saudi Arabia Gift Card And Incentive Card Market 2021 Latest Trends, Growth and Business Scenario - Savola Group, Landmark Group, Saudi Co For Hardware (SACO), Inter Ikea Systems BV

Saudi Arabia Gift Card And Incentive Card Market Size and Forecast to 2021 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Gift Card And Incentive Card data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as- Savola Group, Landmark Group, Saudi Co For Hardware (SACO), Inter Ikea Systems BV, Jarir Marketing Co, United Electronics Co, Inditex, Industria de Diseo Textil SA.

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Market Overview:

Global Gift Card Survey, gift card industry in Saudi Arabia is expected to grow by 15.5% on annual basis to reach US$ 1234.2 million in 2021. Despite near-term challenges in 2021, medium to long term growth story of gift cards in Saudi Arabia remains strong. The gift card industry in Saudi Arabia 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 13.0% during 2021-2025. The gift card market in the country will increase from US$ 1068.9 million in 2020 to reach US$ 2014.0 million by 2025.

YouGotaGift which offers over 60 top eGift Card brands in Saudi Arabia across various verticals has witnessed sharp increase in 2020, reflecting increasing interest in e-gift cards. Also, consumers have been purchasing daily essentials online due to the pandemic. To capture this trend, YouGotaGift launched a Care Card which can be used to purchase essentials such as medicine, grocery, food delivery and mobile recharge. The card is applicable for various brands such as Jarir, Saco, LuLu, Tamimi Markets, Carrefour, Centrepoint, Dawaa Pharmacies, Noon, Mrsool, Uber Eats, STC & Mobily Cards.

Shoppers in Saudi Arabia look to gift family and friends during festive season. To capture this market, gift card players have been unveiling festival specific cards for gifting individuals and families. Also, retailers offer discounts and attractive cash back programs during White Friday which is equivalent to Black Friday of the US which occurs in November. To attract customers, Amazon Saudi Arabia unveiled Amazon gift cards in November 2020 for White Friday sale available for customers on Amazon or in store at over 5,500 retailers including Lulu, Tokyo Games, and Panda as well as other convenient stores.

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The study objectives of this report are:

To study and analyze the Saudi Arabia Gift Card And Incentive Card size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Gift Card And Incentive Card by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key Saudi Arabia Gift Card And Incentive Card manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Gift Card And Incentive Card with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Gift Card And Incentive Card submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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The research includes historic data from 2015 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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