Switzerland Gift Card and Incentive Card Markets Report 2020-2024 with Covid-19 Update Q2 2020
DUBLIN, Sept. 16, 2020 /PRNewswire/ -- The "Switzerland 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.
The gift card market in the country will increase from US$ 1,323.1 million in 2019 to reach US$ 1,745.1 million by 2024.
Despite near-term challenges, medium to long term growth story of gift cards in Switzerland remains strong. The gift card industry in Switzerland will continue to grow over the forecast period and is expected to record a CAGR of 8.4% during 2020-2024.
This report details the impact of economic slowdown along with change in business and consumer sentiment due to disruption caused by Covid-19 outbreak on gift card industry in Switzerland.
Though growth of gift card industry will be impacted due to pandemic, there are certain segments such as self-use which will gain significant market share. Adoption of e-Gift cards is also expected to increase significantly over the next 4-6 quarters. There are interesting trends emerging across various segments, which are expected to fundamentally reshape gift card industry dynamics.
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