Australia Gift Card And Incentive Card Market 2021 Business Opportunities, Current Trends, Challenges and Forecast 2025

Australia 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.

Key Retailers Covered Include: Wesfarmers Ltd, Woolworths Ltd (Australia), Metcash Ltd, Aldi Group, Harvey Norman Holdings Ltd, JB Hi-Fi Ltd, Apple Inc.

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https://www.marketinsightsreports.com/reports/10133345557/australia-gift-card-and-incentive-card-market-intelligence-and-future-growth-dynamics-databook-market-size-and-forecast-2016-2025-spend-analysis-by-digital-e-gift-card-retail-and-corporate-consumers-top-retailers-distribution-channel-occasions-retail-sectors-function-open-loop-closed-loop-city-type-and-demographics-q2-2021-update/inquiry?Mode=28              

Market Overview:

Global Gift Card Survey, gift card industry in Australia is expected to grow by 12.2% on annual basis to reach US$ 5391.7 million in 2021. Despite near-term challenges in 2021, medium to long term growth story of gift cards in Australia remains strong. The gift card industry in Australia 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 9.8% during 2021-2025. The gift card market in the country will increase from US$ 4806.4 million in 2020 to reach US$ 7839.1 million by 2025.

Adoption of gift cards in Australia has recorded strong growth in recent years across both retail as well as corporate segments. Consumers have shifted to online shopping due to the pandemic which has benefitted the gift card industry and driven the growth of digital gift cards. The corporate gifting sector has seen huge traction as corporates choose to reward and recognize employees by giving gift cards.

The pandemic has impacted all sectors in Australia and to cope up with the losses, in November 2020, NSW Government announced to offer $100 vouchers to all adults for spending on entertainment and dining under the Out & About scheme. The scheme is likely to cost $500 million to the government and is expected to launch in Sydney’s C-D in December 2020 and other locations in 2020. This initiative was part of government’s effort to encourage individuals to shop and spend. Moreover, during the holiday season consumers spend more on gifts. In the 2020 holiday season, spending on gift cards are likely to increase in Australia given the growth in e-commerce.

On the regulatory front, Australian government announced that gift cards purchased post November 2019 will have an expiry date of three years from the date of purchase instead of one year validity. This has resulted in increased adoption of gift cards in 2020.

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https://www.marketinsightsreports.com/reports/10133345557/australia-gift-card-and-incentive-card-market-intelligence-and-future-growth-dynamics-databook-market-size-and-forecast-2016-2025-spend-analysis-by-digital-e-gift-card-retail-and-corporate-consumers-top-retailers-distribution-channel-occasions-retail-sectors-function-open-loop-closed-loop-city-type-and-demographics-q2-2021-update?Mode=28  

The study objectives of this report are:

To study and analyze the Australia 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 Australia 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.           

The research includes historic data from 2015 to 2021 and forecasts until 2025 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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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