Netherlands Gift Card and Incentive Card Market Report 2022: Market will Increase from $2173.4 Million in 2021 to Reach $2940.7 Million by 2026
DUBLIN, Aug. 4, 2022 /PRNewswire/ -- The "Netherlands Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2022 Update" report has been added to ResearchAndMarkets.com's offering.
Gift card industry in the Netherlands is expected to grow by 7.9% on annual basis to reach US$2344.3 million in 2022. Historically, the gift card market in the Netherlands has recorded a steady growth with a CAGR of 6.3% during 2017-2021.
Despite near-term challenges in 2022, medium to long term growth story of gift cards in the Netherlands remains strong. The gift card industry in the Netherlands is expected to grow steadily in H1 2022 and record a strong growth in H2 2022.
The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 5.8% during 2022-2026. The gift card market in the country will increase from US$2173.4 million in 2021 to reach US$2940.7 million by 2026.
Gift card market in 2021 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially in H1 2022.
Gift card industry in the Netherlands has done well to withstand the impact of economic slowdown along with negative business and consumer sentiment due to disruption caused by Covid-19 outbreak.
Reasons to buy
Closed Loop Gift Card Market Share by Key Retailers. Key Retailers Covered Include:
Total Spend on Gifts in Netherlands
Gift Card Market Size by KPIs across Consumer Segments in Netherlands
Gift Card Market Size by Consumer Segment in Netherlands
Digital Gift Card Market Size in Netherlands
Gift Card Market Size by Retail Consumer in Netherlands
Gift Card Spend by Consumer Behavior and Demographics in Netherlands
Gift Card Market Size by Corporate Consumer in Netherlands
Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in Netherlands
Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in Netherlands
Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in Netherlands
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SOURCE Research and Markets