Product Code: ETC6181692 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The gift card market in Australia is experiencing robust growth, driven by consumer preferences for flexible and convenient gifting options. Gift cards offer recipients the freedom to choose products or services according to their preferences, making them a popular choice for birthdays, holidays, and corporate gifts. Retailers across various sectors, including fashion, electronics, entertainment, and dining, are embracing gift cards as a key component of their sales strategies. The rise of digital gift cards, along with the integration of these cards into loyalty programs and e-commerce platforms, is further accelerating the market`s growth.
The gift card market in Australia is undergoing a digital transformation, with electronic gift cards (e-gift cards) rapidly outpacing traditional physical cards. The convenience of digital delivery, especially during holiday seasons and in response to pandemic-driven e-commerce growth, has boosted demand. Retailers and digital platforms are leveraging this trend by offering customizable, branded, and multi-retailer cards. Theres also a rising interest in using gift cards as financial tools, such as budgeting instruments or as alternatives to traditional credit/debit cards for youth and unbanked consumers.
The gift card market in Australia faces challenges related to fraud and security concerns, as the increasing popularity of digital gift cards makes them a target for cybercriminals. Additionally, the complexity of managing gift card systems across various platforms and retail environments can make it difficult for businesses to maintain seamless customer experiences. Consumer behavior also fluctuates, with demand for physical gift cards decreasing in favor of digital alternatives, creating challenges for traditional retailers. Furthermore, regulatory oversight and potential legal restrictions regarding gift card expiration dates and fees can complicate market operations.
The gift card market in Australia has seen steady growth, driven by a surge in online shopping and consumer demand for convenient gifting options. The expansion of digital and virtual gift cards, as well as the increasing popularity of corporate incentives and reward programs, provides ample investment opportunities. As digital wallets and mobile payment platforms become more widespread, integrating gift cards into these systems represents a key growth area. Furthermore, innovation in customizable and personalized gift cards could provide a competitive advantage for market players.
The Australian gift card market is subject to consumer protection laws, which ensure transparency and fairness in the sale and redemption of gift cards. The government enforces regulations that limit the expiration of gift cards and require clear terms and conditions to protect consumers. Additionally, tax regulations related to the sale and use of gift cards influence the market, while the rise of digital gift cards has been encouraged by policies promoting e-commerce and digital transactions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Gift Card Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Gift Card Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Gift Card Market - Industry Life Cycle |
3.4 Australia Gift Card Market - Porter's Five Forces |
3.5 Australia Gift Card Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Australia Gift Card Market Revenues & Volume Share, By Functional Attribute, 2021 & 2031F |
3.7 Australia Gift Card Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
3.8 Australia Gift Card Market Revenues & Volume Share, By Merchant, 2021 & 2031F |
4 Australia Gift Card Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Gift Card Market Trends |
6 Australia Gift Card Market, By Types |
6.1 Australia Gift Card Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Australia Gift Card Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Australia Gift Card Market Revenues & Volume, By E-Gift Cards, 2021- 2031F |
6.1.4 Australia Gift Card Market Revenues & Volume, By Physical Cards, 2021- 2031F |
6.2 Australia Gift Card Market, By Functional Attribute |
6.2.1 Overview and Analysis |
6.2.2 Australia Gift Card Market Revenues & Volume, By Closed Loop, 2021- 2031F |
6.2.3 Australia Gift Card Market Revenues & Volume, By Universal Accepted Open Loop, 2021- 2031F |
6.2.4 Australia Gift Card Market Revenues & Volume, By E-Gifting, 2021- 2031F |
6.3 Australia Gift Card Market, By Industry Vertical |
6.3.1 Overview and Analysis |
6.3.2 Australia Gift Card Market Revenues & Volume, By Retail, 2021- 2031F |
6.3.3 Australia Gift Card Market Revenues & Volume, By Corporate Institutions, 2021- 2031F |
6.4 Australia Gift Card Market, By Merchant |
6.4.1 Overview and Analysis |
6.4.2 Australia Gift Card Market Revenues & Volume, By Restaurants, 2021- 2031F |
6.4.3 Australia Gift Card Market Revenues & Volume, By Discount Stores, 2021- 2031F |
6.4.4 Australia Gift Card Market Revenues & Volume, By Coffee Shops, 2021- 2031F |
6.4.5 Australia Gift Card Market Revenues & Volume, By Departmental Store, 2021- 2031F |
6.4.6 Australia Gift Card Market Revenues & Volume, By Grocery Store/Food Supermarkets, 2021- 2031F |
6.4.7 Australia Gift Card Market Revenues & Volume, By Entertainment, 2021- 2031F |
7 Australia Gift Card Market Import-Export Trade Statistics |
7.1 Australia Gift Card Market Export to Major Countries |
7.2 Australia Gift Card Market Imports from Major Countries |
8 Australia Gift Card Market Key Performance Indicators |
9 Australia Gift Card Market - Opportunity Assessment |
9.1 Australia Gift Card Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Australia Gift Card Market Opportunity Assessment, By Functional Attribute, 2021 & 2031F |
9.3 Australia Gift Card Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
9.4 Australia Gift Card Market Opportunity Assessment, By Merchant, 2021 & 2031F |
10 Australia Gift Card Market - Competitive Landscape |
10.1 Australia Gift Card Market Revenue Share, By Companies, 2024 |
10.2 Australia Gift Card Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |