LONDON--(BUSINESS WIRE)--The global gifts novelty and souvenirs market size is poised to grow by USD 16.33 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period.
Read the 130-page research report with TOC on "Gifts Novelty And Souvenirs Market Analysis Report by product (souvenirs and novelty items, seasonal decorations, greeting cards, and other gift items), distribution channel (offline and online) and geography (the Americas, APAC and EMEA) 2019 - 2023" at:
The market is driven by technological advances leading to product innovation and premiumization. Also, the increase in inbound international tourism is anticipated to further boost the growth of the market during the forecast period.
To learn more about the global trends impacting the future of market research, Download Free Sample
Technological advances that lead to product innovation and premiumization is one of the major factors driving the growth of the gifts novelty and souvenirs market. Consumers are increasingly demanding modern products that compliment contemporary interiors and lifestyles. This has compelled vendors to constantly invest in R&D and launch innovative products that can sustain in the market. Moreover, there is a high demand for premium gift items, which include home décor products, seasonal decorations, photo frames, and other gift items that can appeal to modern sensibilities.
Inbound and outbound tourism has been growing at a rapid pace, which in turn has led to an accelerated demand for gifts and souvenirs. Therefore, the growth in international tourism is expected to push the demand for gifts, novelty items, and souvenirs, which will drive the growth of the market.
To find out more about Gifts Novelty and Souvenirs Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR30158
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- American Greetings
- Card Factory
- Hallmark Licensing
- Spencer Gifts
- Walt Disney Company
Market Segmentation by Product:
The Gifts Novelty and Souvenirs Market can be broadly categorized into the following:
- Souvenirs and novelty items
- Seasonal decorations
- Greeting cards
- Other gift items
Key Regions for the Gifts Novelty and Souvenirs Market:
Featuring a breakdown of region-wise market shares until 2019.
Register for a free trial today and gain instant access to 10,000+ market research reports.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on Consumer Discretionary Market are:
Gifts Retailing Market – Global Gifts Retailing Market by distribution channel (online and offline) and by geography (the Americas, APAC, and EMEA).
Photo Merchandising Market – Global Photo Merchandising Market by products type (wall décor, photo cards, calendars, and photo gifts), by distribution channel (offline and online), and by geography (the Americas, APAC, and EMEA).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.