Technavio’s Gifts Novelty and Souvenirs Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers | National News

New YorkAnd January 17 2022 /PRNewswire/ – The latest research report on gifts and souvenirs market by Technavio indicates that the growing culture of gifts is driving the growth of this market, Resulting in the growth of the market 11.88 billion US dollars From 2020 to 2025.

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landscape seller

The market structure is expected to remain fragmented during the forecast period. Sellers deploy growth strategies such as brand building and equity to compete in the market.

American Greetings Corp. and Archies Ltd. and Card Factory Plc and funkypigeon.com Ltd. and Hallmark Licensing LLC, PersonalizationMall.com LLC, and Redbubble Ltd. and Scotts Highland Services Ltd. and Spencer Gifts LLC, The Walt Disney Co. Others, are some of the few major sellers that are vying to maintain their market position in the market.

Several players in the market are engaging in strategic partnerships to raise their game in the apparel, accessories and luxury goods industries. For example, in March 2021, American Greetings, in partnership with the actress Marley Matlin, launched the innovative digital sign language salute.

Show more About the sellers market scene with a comprehensive list of sellers and their offers.

Market Segmentation Key

  • Souvenirs and Souvenirs Market: Product View:
    • Souvenirs and novelty:
      • The souvenir and new items segment will have significant growth in market share during the forecast period.
      • The demand for souvenirs and new items is growing, along with the evolving consumer buying pattern, which includes purchases of products for specific occasions and themes. The evolving customer buying pattern encouraged sellers to offer products based on occasions and themes.
    • seasonal decorations
    • greeting cards
    • Other gifts
  • Gifts, Novelty and Souvenirs Market: Landscape Distribution Channel:
  • Souvenir and Antiques Market: Geographical View
    • Europe
    • North America
    • your father
    • South America
    • Mine

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Regional Market Outlook

Europe It will contribute to 35% of the market growth during the forecast period. The growth of this area can be attributed to the early penetration of the e-commerce market. The market growth in this region will be faster than the growth of the market in South America.

Irrespective of the regions, if we look at the country-wide market growth, FranceAnd GermanyThe United Kingdom will contribute to achieving the highest growth in the market.

Download our free sample report For more key points about the regional market share of most of the above countries.

The latest trends and motivations in the souvenir and souvenir market

  • market driver:
    • Technological developments that lead to product innovation and excellence:

Consumers increasingly prefer modern products that fit into the interior of their homes. This encourages sellers to invest in research and development and offer advanced products to keep themselves in the market. Innovative products such as digital and illuminated photo frames as gifts and artifacts are in high demand. Customers gradually increase their spending on gifts, novelty and souvenirs. This has led to an increased demand for premium gifts. With the technological advances that lead to the innovation and characterization of products, the sales of gifts and souvenirs will rise, resulting in the growth of the souvenir and novelty market.

  • Market trend:
    • Increasing demand for personalized gift products:

Personalizing gifts helps small souvenir retailers develop long-term relationships with customers. It also encourages repeat business for companies. Personalized gifts are used for occasions such as birthdays, New Years, Women’s Day, retirement and promotion. Vendors offer gift personalization services to meet this growing demand for personalized gifts. This growing trend and demand for personalized gifts is expected to fuel the market during the forecast period

Find additional information on various market drivers and other trends mentioned on our site Free sample report.

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Antiques gifts and souvenirs market scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 3%

Market Growth 2021-2025

11.88 billion US dollars

Market Structure, Market Structure

fragmented

Annual Growth (%)

3.00

Regional Analysis

Europe, North America, Asia Pacific, South America, Middle East and Africa

Market share performance

Europe at 35%

Main consuming countries

The United States, China, France, Germany, and the United Kingdom

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

Company Profile

American Greetings Corp. , American Stationery Co. , Archies Ltd. , Card Factory Plc, Cimpress Plc, funkypigeon.com Ltd. , Hallmark Licensing LLC, Unforgettable Gifts, PersonalizationMall.com LLC, Redbubble Ltd. Scotts Highland Services Ltd. and Shutterfly Inc. and Signature Gifts Inc. and Sixty Stores Ltd. and Spencer Gifts LLC, The Walt Disney Co. and Things Remembered Inc. and Zazzle Inc.

market dynamics

Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID-19 and future consumer dynamics, Market status analysis for the forecast period

field of personalization

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about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations 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 current and potential markets and to assess their competitive positions within changing market scenarios. .

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