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Gifts Retailing Market 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Walmart Inc., Amazon.com Inc., Costco Wholesale Corporation, Alibaba Group Holding Limited
Gifts Retailing Global Market Report 2024
As per the report, the gifts retailing market size has grown strongly in recent years. It will grow from $14.05 billion in 2023 to $14.77 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The gifts retailing market size is expected to see strong growth in the next few years. It will grow to $18.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
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What Is Driving The Growth Of The Global Gifts Retailing Market?
Impact Of Online Shopping On The Growth Of The Gift Retailing Market
The shift to online shopping is expected to propel the growth of the gift retailing market going forward. Online shopping refers to purchasing goods or services from internet-based retailers or e-commerce platforms using a web browser or mobile app. The rise in online shopping is driven by convenience, a wider selection of products, competitive pricing, ease of comparison shopping, and the availability of customer reviews and recommendations. Gift retailing encourages the shift towards online shopping by offering a diverse range of customizable and unique products that appeal to consumers seeking convenient and personalized shopping experiences.
What Is The Key Trend In The Global Gifts Retailing Market?
Innovative Technologies In Gift Retailing Market Drive Personalization And Customer Experience
Major companies operating in the gift retailing market are focused on developing innovative solutions such as artificial intelligence-powered personalized shopping tools to enhance personalized shopping experiences and improve customer engagement. Artificial intelligence-powered personalized shopping tools refer to technologies that use algorithms and data analytics to tailor product recommendations and shopping experiences to individual consumer preferences.
How Is The Global Gifts Retailing Market Segmented?
The gifts retailing market covered in this report is segmented -
1) By Type: Souvenirs And Novelty Items, Seasonal Decorations, Greeting Cards, Giftware, Other Gift Items
2) By Occasion-Specific Gifts: Birthday Gifts, Anniversary Gifts, Holiday Gifts, Graduation Gifts
3) By Personalization Trends: Customized Packaging, Engraving And Embroidery
4) By Retail Channels: Brick-And-Mortar Stores, E-Commerce Platforms, Specialty Gift Shops
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How Is The Competitive Landscape Of The Global Gifts Retailing Market?
Major companies operating in the gifts retailing market are Walmart Inc., Amazon.com Inc., Costco Wholesale Corporation, Alibaba Group Holding Limited, The Walt Disney Company, Macy's Inc., Williams-Sonoma Inc., Spencer Gifts LLC, Hallmark Cards Inc., American Greetings Corporation, Shutterfly Inc., Card Factory, Enesco LLC, The Paper Chase, Ferns N Petals Private Limited, House of Fraser Limited, Aldi Stores Limited, Loop Commerce Inc., My Pet Gift Box Limited, Penney OpCo LLC
Contents Of The Global Gifts Retailing Market
1. Executive Summary
2. Gifts Retailing Market Report Structure
3. Gifts Retailing Market Trends And Strategies
4. Gifts Retailing Market - Macro Economic Scenario
5. Gifts Retailing Market Size And Growth
…..
27. Gifts Retailing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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