DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Personalized Gifts Market 2017-2021" report to their offering.
The analysts forecast the global personalized gifts market to grow at a CAGR of 9.10 % during the period 2017-2021.
The report, Global Personalized Gifts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
one of the major drivers for this market is growing gifting culture and increasing demand for seasonal decorations. Today, consumers not only purchase items to gift others, but also for self-gifting. Consumers also purchase personalized gifts for self-use. Customizing gifts through personalization, configuration, or on-demand printing enables value- and differentiator-addition to general gifts to make them unique.
Further, the report states that one of the major factors hindering the growth of this market is seasonal nature of business. The global gifts industry is driven to a large extent by seasonal sales. Seasonal fluctuations in demand can affect inventory levels and cash flow of retailers. In markets like North America and Western Europe, the tradition of gifting is generally higher during the winter holidays; in regions like APAC and Central and South America, sales are higher during the regional holidays and wedding seasons. Depending on the product mix, companies may register additional peaks during international holidays such as Easter, Valentine's Day, and Mother's Day.
Key vendors
- American Greetings
- CafePress
- Card Factory
- Cimpress
- Disney
- Hallmark
- PersonalizationMall.com
- Shutterfly
- Spencer Gifts
- Things Remembered
Market drivers
- Growing gifting culture and increasing demand for seasonal decorations
- For a full, detailed list, view the full report
Market challenges
- Seasonal nature of business
- For a full, detailed list, view the full report
Market trends
- Availability of more functional products
- For a full, detailed list, view the full report
Companies Mentioned
- American Greetings
- CafePress
- Card Factory
- Cimpress
- Disney
- Hallmark
- PersonalizationMall.com
- Shutterfly
- Spencer Gifts
- Things Remembered
- American Stationery
- Etsy
- funkypigeon.com
- Memorable Gifts
- Personalised Gift Shop
- Redbubble
- Signature Gifts
- The Original Gift Company
- Zazzle
For more information about this report visit http://www.researchandmarkets.com/research/x568xq/global
