Norway: Siltanews – News Desk
The gift card market in Norway is expected to grow by 7.6% on annual basis to reach US$1.09 billion in 2025.
The gift card market in the country experienced robust growth during 2020-2024, achieving a CAGR of 8.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 6.6% during 2025-2029. By the end of 2029, the gift card sector is projected to expand from its 2024 value of USD 1.01 billion to approximately USD 1.40 billion.
With over 100+ KPIs at the country level, this report provides a comprehensive understanding of gift card market dynamics. It offers a comprehensive analysis of market dynamics in the gift card sector, segmented by digital and e-gift card sales, distribution channels, key occasions, demographic trends, and market share statistics of leading retailers. In addition, it provides a snapshot of consumer behavior and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics.
Reasons to buy:
Comprehensive comprehension of the dynamics of the gift card and incentive card markets: Recognize the opportunities in the market, the main drivers and trends, and the five-year projection for gift and incentive cards in Norway.
Create strategies tailored to the market: To create your gift card strategy, identify growth categories and target particular opportunities across consumer segments and occasions; evaluate important trends and risks unique to your market.
Learn about the attitudes and behaviors of consumers in Norway: Increase ROI by understanding how consumer attitudes and behaviors are evolving. With gift cards, you may obtain comprehensive information about retail spending for both corporate and retail customers.
Six key performance indicators (KPIs) provide a comprehensive view: the quantity of cards in circulation, load value, unused value, average purchase value, average value per transaction, and transaction value.
Distribution channel insights: Recognize the differences in gift card sales across online and offline channels as well as between first-party and third-party sales.