Innovative Technologies In Gift Retailing Market Drive Personalization And Customer Experience Trend: A Crucial Influence on the Gifts Retailing Market's Transformation in 2025

What Is the Expected Size and Growth Rate of the Gifts Retailing Market?
The market size for retail gifts has seen robust growth in the past years. A projection suggests it will expand from $14.77 billion in 2024 to $15.56 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth throughout the historic span include the rise of online retail and digital commerce platforms, increased desire for custom and personalized presents, heightened spending during festive periods and holidays, greater financial capability of millennials, and a growing inclination for gifts that are environmental-friendly and sustainable.

The market size for gift retailing is forecasted to witness significant growth in the upcoming years, eventually reaching a valuation of $19.02 billion by 2029, exponentiating at a compound annual growth rate (CAGR) of 5.1%. This growth during the prediction period can be credited to constant expansion in e-commerce, the amplified application of AI for uniquely tailored shopping experiences, growing emphasis on ethical and sustainable products, increased attraction towards experiential gifts like travel and events, and the melding of online and offline shopping experiences. Some of the major trends expected during this forecast period encompass personalization and customization, the merger of technology, subscription model gifting, gifts revolving around wellness and health, and smart, interconnected devices.

What Are the Main Catalysts for Growth in the Gifts Retailing Market?
The transition to e-commerce is predicted to stimulate expansion in the gift retailing sphere. The term online shopping refers to the procurement of goods or services from online vendors or e-commerce platforms, facilitated through a web browser or mobile application. Factors such as convenience, product variety, competitive pricing, the ability for comparative shopping, and the presence of customer feedback are driving the surge in online shopping. Gift retailing further enhances the shift towards e-commerce by providing an assortment of unique and customizable products that caters to consumers seeking readily accessible and personalized shopping experiences. For instance, data from the Census Bureau of the Department of Commerce, a US government department, disclosed that in the first quarter of 2024, retail e-commerce sales in the US touched $289.2 billion, indicating a rise of 2.1% (±0.7%) since the final quarter of 2023. As such, a pivot towards online shopping will catalyze the growth of the gift retailing sector.

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Which Leading Companies Are Shaping the Growth of the 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

What Are the Major Trends Shaping the Gifts Retailing Market?
Key players in the gift retailing market, like Etsy Inc., are focusing on the development of innovative solutions like artificial intelligence-driven personalized shopping tools to boost customer interaction and personalization. Such tools are technological advancements that utilize algorithms and data analytics to customize product suggestions and shopping experiences based on individual consumer tastes. An example of this was the launch of Gift Mode by Etsy Inc., a US-based gift manufacturing company, in January 2024. This AI-powered shopping tool aims to enhance the gift shopping process by using AI coupled with human curation. It facilitates interactive shopping and helps consumers find gift items that are a perfect match for the recipient's unique interests.

What Are the Key Segments of the Gifts Retailing Market?
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

Subsegments
1) By Souvenirs and Novelty Items: Custom Souvenirs, Branded Merchandise, Regional/Location-Specific Items
2) By Seasonal Decorations: Holiday-Specific (e.g., Christmas, Halloween), Seasonal Home Decor, Special Event Decor (e.g., Weddings, Birthdays)
3) By Greeting Cards: Occasion Cards (e.g., Birthday, Anniversary), Holiday Cards, Blank and Personalized Cards
4) By Giftware: Decorative Accessories, Collectibles, Luxury and High-End Giftware
5) By Other Gift Items: DIY and Craft Kits, Experience-Based Gifts (e.g., Vouchers, Tickets), Eco-Friendly and Sustainable Gifts

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Which Region Dominates the Gifts Retailing Market?
North America was the largest region in the gifts retailing market in 2023. The regions covered in the gifts retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Gifts Retailing Global Market Report?

- Market Size Analysis: Analyze the Gifts Retailing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gifts Retailing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gifts Retailing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gifts Retailing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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