DUBLIN–(BUSINESS WIRE)–The “Singapore Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, Distribution Channel, Occasions, and Demographics – Jan 2021 Update” report has been added to ResearchAndMarkets.com’s providing.
The present card market in Singapore grew regardless of influence on socio-economic atmosphere by the COVID-19 outbreak.
Whereas the pandemic has negatively impacted progress throughout key industries, there was a large-scale adoption of digital fee each by retail and enterprise customers. Supported by broader trade developments, and shift in shopper habits, total gifting and present card trade has witnessed basic adjustments. Consequently, sale of digital present card has witnessed sharp improve.
Singapore’s e-commerce trade is without doubt one of the quickest rising within the South East Asia and is predicted to US$10 billion (S$10 billion) in 2020 as there was a rise in on-line purchases because of COVID-19. Change in shopper shopping for habits is predicted to help e-commerce progress going ahead.
Additionally, in April 2020, Singapore’s authorities and its Enterprise Singapore (ESG) launched e-commerce booster package deal which is able to present 90% of the whole price of establishing on-line presence for SME retailers. E-commerce progress within the medium to long run is predicted to help e-gift card progress within the nation, as retailers use it as a advertising and marketing and buyer acquisition mechanism.
In accordance with the writer’s This autumn 2020 World Reward Card Survey, present card trade in Singapore is predicted to develop by 12.2% on annual foundation to succeed in US$ 1053.8 million in 2021. Regardless of near-term challenges in 2021, medium to long run progress story of present playing cards in Singapore stays robust. The present card trade in Singapore is predicted to develop steadily in H1 2021 and report a robust progress in H2 2021. The expansion momentum is predicted to proceed to develop over the forecast interval, recording a CAGR of 10.4% throughout 2021-2025. The present card market within the nation will improve from US$ 938.9 million in 2020 to succeed in US$ 1562.6 million by 2025.
This report gives an in depth knowledge centric evaluation of present playing cards and company incentive playing cards market together with shopper behaviour and retail spend dynamics in Singapore. With over 200 KPIs at nation stage, this report gives complete understanding of present and incentive card market dynamics.
Causes to Purchase
- In-depth understanding of present card and incentive card market dynamics: Perceive market alternative, key developments and drivers together with five-year forecast (2016-2025) for present playing cards and incentive playing cards in Singapore.
- Develop market particular methods: Establish progress segments and goal particular alternatives throughout shopper segments and events to formulate your present playing cards technique; assess market particular key developments and dangers.
- Get insights into shopper perspective and behavior in Singapore: Perceive altering shopper perspective and behavior and increase ROI. Get detailed insights into retail spend by present playing cards for each retail and company customers.
- Get full perspective by six important KPIs: variety of playing cards in circulation, load worth, unused worth, common buy worth, common worth per transaction, and worth of transactions.
- Distribution channel insights: Perceive present playing cards gross sales dynamics by channels – on-line vs offline and by 1st celebration vs third celebration gross sales.
Scope
Complete Spend on Items in Singapore
- By Shopper Phase (Retail and Company)
- By Product Classes (13 Segments)
- By Retail Sectors (7 Segments)
Reward Card Market Dimension by KPIs throughout Shopper Segments in Singapore
- Gross Load Worth
- Transaction Worth
- Unused Worth
- Common Worth Per Transaction
- Transaction Quantity
- Common Worth of Card Bought
- Variety of Playing cards
Reward Card Market Dimension by Shopper Phase in Singapore
- Retail Shopper
- Company Shopper (Small Scale, Mid-Tier, Giant Enterprise)
Digital Reward Card Market Dimension in Singapore
- By Retail Shopper
- By Retail Buy Event
- By Company Shopper
- By Company Buy Event
- By Firm Dimension
Reward Card Market Dimension by Retail Shopper in Singapore
- By Purposeful Attribute
- By Event
- Festivals & Particular Celebration Days
- Milestone Celebration
- Self-Use
- Different
- Worth by Buy Channel
Reward Card Spend by Shopper Conduct and Demographics in Singapore
- Shopper Buy Behaviour
- Reward Card Purchaser by Age Group
- Reward Card Purchaser by Earnings Stage
- Reward Card Purchaser by Gender
Reward Card Market Dimension by Company Shopper in Singapore
- By Purposeful Attribute
- By Event
- Worker Incentive
- Gross sales Incentive
- Shopper Incentive
- By Scale of Enterprise
- Finances Allocation Pattern for 2021
Reward Spend by Product Classes (Cut up by Retail and Company Shoppers) in Singapore
- Meals & Beverage
- Well being, Wellness & Magnificence
- Attire, Footwear & Equipment
- Books & Media Merchandise
- Shopper Electronics
- Eating places & Bars
- Toys, Youngsters, and Infants
- Jewellery
- Sporting Items
- Dwelling & Kitchen Equipment & Home equipment
- Journey
- Leisure & Gaming
- Different
Reward Card Spend by Retail Sector (Cut up by Retail and Company Shoppers) in Singapore
- Ecommerce & Division Shops
- Eating places & Bars
- Grocery store, Hypermarket, Comfort Retailer
- Leisure & Gaming
- Specialty Shops
- Well being & Wellness
- Journey
Reward Card Spend by Distribution Channel (Cut up by Retail and Company Shoppers) in Singapore
- Reward Card On-line Gross sales
- Reward Card Offline Gross sales
- 1st Social gathering Gross sales
- third Social gathering Gross sales
- Gross sales Uplift
Closed Loop Reward Card Market Share by Key Retailers. Key Retailers Coated Embody:
- NTUC FairPrice Co-operative Pte Ltd
- Dairy Farm Worldwide Holdings Ltd
- Shen Siong Grocery store Pte Ltd
- Takashimaya Co Ltd
- Mustafa Holdings Pte Ltd
- Courts Asia Ltd
- Al Futtaim Group LLC
- Yamada Denki Co Ltd
For extra details about this report go to https://www.researchandmarkets.com/r/vxf6iz
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