Non-photo Personalized Gifts Market Size to Grow by $ 8.75 bn through 2021-2025
Technavio research projects the non-photo personalized gifts market to grow by $ 8.75 bn, accelerating at a CAGR of over 9% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Non-photo Personalized Gifts Market: Key Market Driver
One of the primary factors that will trigger the growth of the non-photo personalized gifts market size is Growing gifting culture and increasing demand for seasonal decorations. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Non-photo Personalized Gifts Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Apollo Global Management Inc., Card Factory Plc, Cimpress Plc, Enesco LLC, Hallmark Licensing LLC, PersonalizationMall.com LLC, Redbubble Ltd., Sixty Stores Ltd., The Walt Disney Co., and Zazzle Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The Global Non-photo Personalized Gifts Market is expected to grow by USD 8.75 billion, accelerating at a CAGR of over 9% during the forecast period. Technavio's research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our free sample report
Non-photo Personalized Gifts Market: Segmentation by Product
During 2020, the wearables and accessories segment dominated the Global Non-photo Personalized Gifts Market. Personalized clothing has become a major trend nowadays. Customers customize their clothes, such as T-shirts, jackets, and caps, using their own designs, slogans, and messages. The growing online sales of personalized clothing have significantly propelled the growth of the market in the wearables and accessories segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the non-photo personalized gifts market size.
Non-photo Personalized Gifts Market: Trend of private-label brand to gather popularity
The demand for private-label brands is expected to increase during the forecast period, which, in turn, is expected to support the growth of the global non-photo personalized gifts market. Retailers are selling different types of non-photo personalized gifts under their private-label brands to improve their profitability. Private-label products are priced lower than branded products. Hence, price-sensitive customers are more likely to purchase such non-photo personalized gifts. Supermarket chains have started allocating more shelf space to private-label offerings and are undertaking in-house marketing and promotional activities.
Non-photo Personalized Gifts Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Apollo Global Management Inc., Card Factory Plc, Cimpress Plc, Enesco LLC, Hallmark Licensing LLC, PersonalizationMall.com LLC, Redbubble Ltd., Sixty Stores Ltd., The Walt Disney Co., and Zazzle Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
