DUBLIN--(BUSINESS WIRE)--The "Denmark Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast (2015-2024) - Covid-19 Update Q2 2020" report has been added to ResearchAndMarkets.com's offering.
Gift card market will increase from US$ 785.0 million in 2019 to reach US$ 1,072.4 million by 2024.
Covid-19 outbreak has impacted Denmark's gifting market overall and gift card industry. However, there are interesting growth avenues that are emerging, which can reshape industry dynamics. Medium to long term growth story of gift card industry remains intact with digital gift cards expected to gain significant market share.
In value terms, the gift card market in Denmark has recorded a CAGR of 12.4% during 2015-2019. The gift card industry in Denmark will continue to grow over the forecast period and is expected to record a CAGR of 8.2% during 2020-2024.
Digital gift cards have recorded strong adoption in Denmark, driven by steady growth of the e-commerce industry. Spend on mobile integration of gift cards has increased significantly in 2019, a trend expected to continue over the forecast period.
Some of the key third party players in the gift card market in Denmark include offgamers.com, gogift.com, gamecarddelivery.com, giftingowl.com, and eneba.com. The corporate spending on gift cards has been increasing, driving the growth of the gift card industry in the country. Organizations are increasingly using gift cards to offer to their employees as rewards and incentive gift cards.
This report provides a detailed data centric analysis of gift cards and corporate incentive cards market along with consumer behaviour and retail spend dynamics in Denmark. With over 200 KPIs at country level, this report provides comprehensive understanding of gift and incentive card market dynamics.
The report includes raw data along with structured dashboards, charts, and tables in an interactive Excel format.
Below is a summary of country level trend analyses covered across gift card segments:
- Total gift market: This report provides detailed view of overall spend on gifts, broken down by retail and consumer segments. For both retail and consumer segments, this report provides a breakdown of spend on gifts by product categories (13 segments) and retail sectors (7 segments).
- Gift cards: Drawing from proprietary survey results, this report provides in-depth analysis of opportunities in both open loop and closed loop prepaid gift card categories. Assesses consumer behaviour by type of consumer (retail and corporate - SMB, Mid-Tier, Large Enterprise), gifting occasion, digital gift card (e-gift card), and market share by retail sectors.
- Details six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions.
- Corporate incentive & loyalty cards: This report provides detailed market dynamics of corporate incentive cards, broadly segmented in three categories - consumer incentive card, employee incentive card, and sales/partner incentive card. It details market size and forecast at category level, by functional attribute (open loop and closed loop), and by corporate consumer segments (small scale business, mid-size business, and enterprise business).
- Digital gift card (e-gift card) analysis: Provides market size and forecast for digital gift cards, broken down by retail and corporate buyers. It also includes gift card spend by occasion (retail - festivals & special celebration days, milestone celebration, self-use, other; Corporate incentive cards -consumer incentive card, employee incentive card, and sales/partner incentive card). The report also includes digital gift card adoption by company size.
- Open loop and closed loop: Provides market estimates and forecasts to assess opportunities in open loop and closed loop gift and incentive card segments across consumer segments.
- Consumer attitude and behaviour: Drawing from proprietary survey results, this report identifies and interprets key KPIs related to gift card dynamics including spend by age, gender, and income level.
- Retail spend: Breaks down retail spend across retail sectors (7 segments) to provide detailed insights on consumer behaviour and changing dynamics of gift card spend.
- Market share by retailer: Provides market share of closed loop gift cards by key retailers in Denmark.
- Distribution channel analysis: Provides market share by distribution channel - online vs offline sales and 1st party vs 3rd party sales (sales through outlet of other retailers).
Companies Mentioned
- FDB Group
- Dansk Supermarked A/S
- Dagrofa ApS
- Reitangruppen AS
- Dixons Carphone Plc
- Jysk Holding A/S
- Matas A/S
- Inter Ikea Systems BV
- H&M Hennes & Mauritz AB
- Nyborg Isenkram & Sportsforretning A/S, Harald
- Expert International GmbH
- Biltema AB
- Bestseller A/S
- Debenhams Retail Plc
- Internationale Spar Centrale BV
For more information about this report visit https://www.researchandmarkets.com/r/jlomln
