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Yahoo
2 days ago
- Business
- Yahoo
Experience Gift Market Outlook & Forecasts Report 2024-2029, Competitive Analysis of Prominent Players - Virgin, Moonpig, Cloud 9 Living, RedBalloon, Tinggly, Smartbox, Experience Days, & Gifting Owl
Global Experience Gift Market Soars, Valued at USD 118.17 Billion in 2023 and Projected to Surge to USD 171.52 Billion by 2029 at a CAGR of 6.41%. Technological innovations, including mobile apps and VR previews, are pivotal in transforming consumer interactions and driving growth. Notable players like Moonpig, Virgin Experience Days, and Red Letter Days are expanding their offerings, with a focus on sustainable and personalized experiences. Europe leads the market, while APAC sees rapid growth. Trends indicate a growing preference for experiential over material gifts. Experience Gift Market Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "Experience Gift Market - Outlook & Forecast 2024-2029" report has been added to Experience Gift Market was valued at USD 118.17 Billion in 2023, and is projected to reach USD 171.52 Billion by 2029, rising at a CAGR of 6.41%. The global experience gifting market is characterized by a diverse range of players, from small niche providers to large online platforms. The market features moderate entry barriers, encouraging new entrants to explore innovative experiences and differentiate themselves. The key players in the global experience gifting market include Virgin Experience Days, Moonpig Group, Cloud 9 Living, RedBalloon, Tinggly, Smartbox Group, Experience Days, and Gifting Owl. Key players are focusing on expanding their offerings and improving customer engagement through technology integration and personalized experiences. Major players are expected to sustain their growth through strategic partnerships, marketing initiatives, and the introduction of new experience categories. Vendors in the experience gifting industry gain a competitive advantage by providing unique and diverse offerings that cater to consumer preferences. Companies like Virgin Experience Days and RedBalloon have established strong brand recognition and customer loyalty through their varied experiences and excellent customer service. Furthermore, investments in the global experience gifting market are driven by increasing consumer demand for unique and memorable gifts. Companies are focusing on technological advancements, including online platforms and mobile applications, to enhance the customer global experience gifting market is experiencing growth across various regions, driven by varying consumer preferences and economic factors. Europe and North America are currently leading markets due to their established culture of gifting experiences, particularly during holidays and special occasions. In 2023, Europe dominated the global experience gifting market, accounting for a global revenue share of over 39%. Several demand-driving factors contribute to the expansion of the market in Europe. One significant driver is the shifting consumer behavior towards valuing experiences over material possessions. As consumers increasingly seek out gifts that create lasting memories, the market for experience gifts continues to thrive. Additionally, the impact of seasonal events and holidays on the market is significant. In many European countries, holidays such as Christmas, Valentine's Day, and anniversaries drive increased demand for experience APAC region is witnessing rapid growth in the global experience gifting market, fueled by, urbanization and a shift toward experiential consumption among millennials and Gen Z. China and Japan also represent significant markets within the APAC region, though their growth trajectories differ. In China, the experience gifting market is bolstered by a rapidly growing economy and a shift in consumer behavior towards experiences that promote social interaction and personal fulfillment. The increasing acceptance of experiential gifting among Chinese consumers, particularly among millennials, is further enhancing market demand. Meanwhile, Japan's mature market is characterized by a blend of traditional and modern gifting practices. Furthermore, emerging markets are expected to contribute to overall growth as more consumers recognize the value of experience gifts. Adoption of Technology in the Experience Gifting MarketThe adoption of technology in the industry is transforming how consumers discover, book, and enjoy experiences. The integration of online platforms and mobile applications is significantly improving customer engagement within the experience gift market. For example, companies like Cloud 9 Living and Virgin Experience Gifts offer mobile-friendly websites and apps that make browsing, purchasing, and gifting experiences more accessible. These platforms use data analytics to tailor recommendations, ensuring that users receive suggestions that align with their preferences, enhancing customer satisfaction, and driving repeat purchases. Also, virtual reality (VR) and augmented reality (AR) are playing pivotal roles in transforming the pre-purchase experience. Some companies, such as Tinggly, leverage AR to allow users to preview an experience virtually before making a purchase. For instance, consumers can take a virtual tour of a destination, explore the ambiance of a luxury spa, or preview an adventure activity before booking. This interactive element reduces uncertainty and enhances decision-making by providing a more immersive and informative shopping data analytics has empowered companies to offer more personalized recommendations. Platforms can now track consumer behavior, purchase history, and even social media interactions to offer tailored experiences. This trend is particularly evident in platforms like Experience Days and RedBalloon, which leverage data insights to send personalized gift suggestions based on previous choices or trending experiences in specific regions. These technologies ultimately help companies retain customers and increase engagement by aligning offerings more closely with customer TRENDS & DRIVERS Shift to Experiences Over Material GoodsConsumers are increasingly prioritizing experiences over physical items when it comes to gifting. This trend is driven by the perception that experiences create lasting memories, foster relationships, and enhance overall well-being. Events like travel, adventure activities, and unique dining experiences are preferred as gifts, reflecting a broader cultural shift toward valuing experiential over material wealth. Furthermore, the intersection of this shift with the experience gifting market presents a lucrative opportunity. Experience gifts, whether for milestone celebrations or corporate gifting, are becoming popular choices because they allow people to share memorable moments with loved ones. They also reflect the broader societal move toward sustainability, as people become more conscious of the environmental impact of material goods. This transformation is not just a passing trend but a fundamental change in how consumers perceive value, blending seamlessly with the growth of the experience gifting Outlook of Digitalization and Online ShoppingGift-giving has transformed eCommerce, with the ability to purchase and deliver gifts online significantly boosting sales potential. As consumers increasingly turn to online shopping, this practice has created a lucrative opportunity for businesses to enhance their market presence. In the ever-evolving eCommerce landscape, understanding and leveraging gifting strategies can lead to increased brand awareness and customer acquisition, benefiting both businesses and consumers alike. Furthermore, one of the driving forces behind the success of gifting in eCommerce is the emotional connection it fosters. Personalization is crucial; consumers are drawn to platforms that allow them to tailor gifts to their recipients. This could involve selecting specific items based on personal interests or creating customized gift bundles. By enhancing the personalization aspect of gifting, businesses can improve customer satisfaction and retention, making the shopping experience more RESTRAINTS Cyber FraudWith the rapid rise of e-commerce in the experience gifting market, the risk of cyber fraud has also escalated, posing a significant industry restraint. As more consumers turn to online platforms for purchasing gifts, including high-value experiences like travel and adventure activities, the threat of data breaches, identity theft, and fraudulent transactions becomes more prevalent. These security vulnerabilities can erode consumer confidence in digital platforms, potentially deterring purchases despite the convenience and variety offered by online shopping. KEY QUESTIONS ANSWERED How big is the global experience gifting market? What is the growth rate of the global experience gifting market? Which region dominates the global experience gifting market share? What are the significant trends in the experience gifting industry? Who are the key players in the global experience gifting market? Key Attributes: Report Attribute Details No. of Pages 254 Forecast Period 2023 - 2029 Estimated Market Value (USD) in 2023 $118.17 Billion Forecasted Market Value (USD) by 2029 $171.52 Billion Compound Annual Growth Rate 6.4% Regions Covered Global Key Development in the Global Experience Gifting Market: Companies are using apps and online platforms to offer personalized gift and card recommendations, making it easier for customers to choose items based on their preferences. Moonpig has formed partnerships with brands like The Entertainer, Early Learning Centre, and Hotel Chocolat, expanding its gifting range and offering more product options for customers in 2024. Red Letter Days has introduced a Sustainable Experiences Collection to meet the increasing demand for eco-friendly gifting options. Premium Insights Opportunity Pockets Market Maturity Indicator Regional Insights Market Overview Market Dynamics Market Trends Market Enablers Market Restraints Segment Analysis Insights by Experience Type Regional Analysis Competitive Landscape Experience Gifting Industry Experience Gifting Industry: Key Insights Experience Gifting Industry Workforce: Key Insights Employment Regulations in the Global Experience Gifting Market Competitive Scenario Investments in the Experience Gifting Industry Adoption of Technology in the Experience Gifting Industry Market Opportunities & Trends Shift to Experiences Over Material Goods Rising Digital Integration Collaboration Between Companies to Promote Gifting Market Growth Enablers Increased Focus on Sustainability Growing Outlook of Digitalization and Online Shopping Growing Use of Corporate Gifting Market Restraints Prepaid Gift Card Licensing Challenges High Costs of Experience Gifts Cyber Fraud Key Company Profiles Moonpig Group Virgin Experience Red Letter Days Other Prominent Vendors Activity Superstore Adrenaline, Inc. Bigbox Breakaway Experiences Buyagift Cobone DesignMyNight Dreamdays Epic Experiences Experience Oz FNP GetYourGuide Giftano Gifting Owl Golden Moments Great American Days Great Little Breaks Groupon, Inc. Into the Blue Activity Gift Vouchers Ltd. KKday Klook Prezzybox RedBalloon Tinggly Viator, Inc. Wonderbox Xoxoday Segmentation By Type Food & Drinks Adventures Spa & Beauty Driving Travel & Stay Others Segmentation By Purchasing Channel Corporate Gifting Individuals For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Experience Gift Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Associated Press
30-05-2025
- Business
- Associated Press
Industrial Gases Market Industry Trends and Global Forecasts to 2035
DUBLIN--(BUSINESS WIRE)--May 30, 2025-- The 'Industrial Gases Market Industry Trends and Global Forecasts to 2035: Distribution Type of Product, Type of Gas, Type of Technology, Type of Application, Type of End User, Type of Distribution, Company Size and Key Geographical Regions' report has been added to offering. The global industrial gases market size is estimated to grow from USD 102.9 billion in 2025, to USD 219.9 billion by 2035, at a CAGR of 7.15% during the forecast period, till 2035. Industrial Gases Market: Growth and Trends Industrial gases, such as Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Acetylene, and Argon are essential gases that are manufactured and supplied for use in various industrial processes. These gases play a pivotal role in manufacturing, healthcare, food and beverage preservation, environmental protection, and numerous other industries. In addition, these offer efficiency, safety, and technological advancement. In recent years, the increasing urbanization and industrialization have fueled the demand for industrial gases among key applications. In terms of the type of gases, oxygen is one of the leading gases due to its wide range of applications particularly, in healthcare sectors where it is largely used for critical patient care and respiratory disease treatment. In this context, the COVID-19 pandemic is one of the recent examples that has spiked oxygen demand and driven the growth of the industrial gases market around the world; this has expanded the scope of the industrial gases market which continues to rise. The soaring construction industries are further amplifying the market opportunities with an increasing need for industrial gases. As a result, leading industrial gas companies are leveraging this opportunity and boosting their services and market reach. The industrial automation is also contributing to the growth of this market as many automated processes rely on industrial gases for wide range of applications. In addition, with the current variety of applications, new uses for these gases are also emerging with the ever-growing industries and technologies. Due to this, numerous companies are entering the market and investing in advanced technologies and innovative solutions, such as high-purity and specialty gases for specific applications. Precious metal is another crucial segment where industrial gases play a critical role, specifically in refining and processing operations. It is interesting to note that by broadening product and service offerings to cater to a wider range of industries and applications, stakeholders are driving market growth, which is anticipated to continue to grow over this forecast period. Industrial Gases Market: Key Segments Market Share by Geography Based on geography, the industrial gases market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. Currently, Asia-Pacific captures the majority share of the market. This can be attributed to rapid industrial growth, the expansion of manufacturing sectors, and infrastructure development in developing countries. Moreover, China, India, and Southeast Asian countries are experiencing significant growth in industries like manufacturing, construction, automotive, electronics, and chemicals, which further propels market growth. Key Players in Industrial Gases Market Profiled in the Report, Include: Industrial Gases Market: Research Coverage The report on the industrial gases market features insights on various sections, including: Key Questions Answered in this Report Key Topics Covered: Type of Product Type of Gas Type of Technology Type of Application Company Size End User Type of Distribution Geographical Regions For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/30/2025 11:14 AM/DISC: 05/30/2025 11:13 AM
Yahoo
30-05-2025
- Automotive
- Yahoo
Trends & Strategies Shaping the Middle East's Car Rental Industry 2025-2030, Featuring Avis Budget Group, Hertz Corp., Enterprise Holdings, Fast Rent a Car, Sixt and More
Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Middle East Car Rental - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" report has been added to Middle East Car Rental Market is expected to register a CAGR of 10.42% during the forecast period. The Middle-East Car Rental Market is moderately consolidated with international and regional players such as Avis Budget Group Inc, SIXT, Hertz Corp, Theeb Rent A Car, Enterprise Holdings Inc, and others. The major rental companies are making joint ventures and partnerships to launch newer products and include an edge over their market for car rentals was severely impacted by the COVID-19 pandemic. The COVID-19 pandemic has caused the region's car rental market to slow down completely due to the sudden and complete suspension of transportation. The Middle Eastern countries' rental car demand continued to decline as a result of the region's declining preference for shared mobility. However, in the aftermath of the pandemic, as the number of tourists has significantly increased, the Middle East's demand for car rentals has significantly increased and is anticipated to continue throughout the forecast the long term, the car rental market's growth is favorable due to stringent government legislation on purchase and car driving in the country. Using public transportation can become time-consuming and unpredictable. Moreover, public transport doesn't give an end-to-end ride, which is especially unfavorable among every Middle Eastern nation, expanding economies like Oman and the United Arab Emirates have fueled the rental car market. Among the Middle Eastern countries, Saudi Arabia generates the most revenue from car rentals. Outstation, event, self-driving, employee transportation, airport transportation, and local use are just a few examples of the many uses for car rentals. In addition, they are providing insurance, entertainment systems, and additional services. The developed Middle Eastern nations are also starting to take notice of the rise of electric cars, which offer the same functionality with the added benefit of having fewer negative environmental every Middle Eastern nation, expanding economies like Oman and the United Arab Emirates have fueled the rental car market. Among the Middle Eastern countries, Saudi Arabia generates the most revenue from car rentals. Outstation, event, self-driving, employee transportation, airport transportation, and local use are just a few examples of the many uses for car rentals. In addition, they are providing insurance, entertainment systems, and additional services. The developed Middle Eastern nations are also starting to take notice of the rise of electric cars, which offer the same functionality with the added benefit of having fewer negative environmental East Car Rental Market Trends Online Rental Booking Continues to Witness Major Demand Rise in Tourism Activities Key Topics Covered1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Porter's Five Forces Analysis4.3.1 Bargaining Power of Suppliers4.3.2 Bargaining Power of Buyers/Consumers4.3.3 Threat of New Entrants4.3.4 Threat of Substitute Products4.3.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION (Value in USD)5.1 Booking type5.1.1 Online booking5.1.2 Offline booking5.2 Application5.2.1 Leisure/Tourism5.2.2 Daily utility5.3 Vehicle Type5.3.1 Economy cars5.3.2 Luxury cars5.4 End-User Type5.4.1 Self-driven5.4.2 Chauffeur5.5 Country5.5.1 Saudi Arabia5.5.2 Kuwait5.5.3 United Arab Emirates5.5.4 Qatar5.5.5 Rest of Middle East6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Avis Budget Group Inc.6.2.2 Hertz Corp.6.2.3 Enterprise Holdings Inc.6.2.4 Fast Rent a Car6.2.5 Sixt SE6.2.6 Europcar6.2.7 Hanco6.2.8 Theeb Rent A Car6.2.9 National Rent A Car7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Associated Press
27-05-2025
- Automotive
- Associated Press
South Korea EV Market Set for 12.4% CAGR, Expanding to USD 13.85 Billion by 2029
DUBLIN--(BUSINESS WIRE)--May 27, 2025-- The 'South Korea Electric Vehicle and Charging Infrastructure Market: Investment Opportunities and Future Outlook Databook - 50+ KPIs Covering EV Market Size by Value and Volume, Vehicle Type, Price Point, Propulsion Type, Location - Q2 2025" report has been added to offering. The electric vehicle (EV) and charging infrastructure market in South Korea is set for impressive growth, expected to reach a valuation of USD 8.68 billion by 2025, marking an annual growth rate of 15.3%. From 2020 to 2024, the sector grew with a robust CAGR of 19.5%, and it is projected to continue flourishing with an anticipated CAGR of 12.4% from 2025 to 2029. By the close of 2029, the market value could soar to approximately USD 13.85 billion, up from USD 7.53 billion in 2024. This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure industry in South Korea, covering market opportunities and analysis across a range of electric vehicle and charging infrastructure domains. With over 50+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle and charging infrastructure market dynamics, market size and forecast, and market share statistics. It breaks down market opportunities by total vehicle and electric vehicle, drive type, car segment and cars' sub-segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle connectivity, vehicle type, and cities. In addition, it provides a snapshot across electric vehicle charging infrastructure, and, charging stations. The report also segments the market by type of charging infrastructure by charging type, infrastructure by number of installation types, number of charging infrastructure by location, number of charging infrastructure by charging speed, number of charging infrastructure by vehicle, number of charging infrastructure type ac, number of charging infrastructure by type, number of charging infrastructure by connectivity offering insights into end user trends. KPIs in value terms help in gaining an in-depth understanding of end-market dynamics. Reasons to buy The report provides a comprehensive overview of the South Korea's electric vehicle market and infrastructure, covering the following key aspects: Report Scope This report provides in-depth data-centric analysis of electric vehicle and charging infrastructure Market in South Korea through 67 tables and 87 charts. Below is a summary of key market segments: South Korea Overall Vehicle Market Size and Future Growth Dynamics South Korea Electric Vehicle Market Size and Forecast South Korea Electric Vehicle Market Volume by Drive Segment South Korea Electric Vehicle Market Value by Car Segment South Korea Electric Vehicle Market Value by Passenger Car Segment South Korea Electric Vehicle Market Value by Commercial Vehicle Segment South Korea Electric Vehicle Market Value by Vehicle Class South Korea Electric Vehicle Market Value by Powertrain South Korea Electric Vehicle Market Value by Distance Range South Korea Electric Vehicle Market Value by Charging Type South Korea Electric Vehicle Market Value by Propulsion Type South Korea Electric Vehicle Market Value by Vehicle Connectivity South Korea Electric Vehicle Market Value by Cities South Korea Electric Vehicle Infrastructure Market Value South Korea Electric Vehicle Infrastructure Market Volume South Korea Electric Vehicle - Number of Charging Infrastructure by Charging Type South Korea Electric Vehicle Infrastructure by Number of Installation Types South Korea Electric Vehicle - Number of Charging Infrastructure by Location South Korea Electric Vehicle - Number of Charging Infrastructure by Charging Speed South Korea Electric Vehicle - Number of Charging Infrastructure by Vehicle South Korea Electric Vehicle - Number of Charging Infrastructure Type AC South Korea Electric Vehicle - Number of Charging Infrastructure by Type South Korea Electric Vehicle - Number of Charging Infrastructure by Connectivity For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: ASIA PACIFIC SOUTH KOREA INDUSTRY KEYWORD: EV/ELECTRIC VEHICLES AUTOMOTIVE SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/27/2025 07:35 AM/DISC: 05/27/2025 07:34 AM
South China Morning Post
27-05-2025
- Business
- South China Morning Post
Hong Kong stocks gain on earnings outlook as Meituan outperforms consensus
Hong Kong stocks gained after a government report showed growth in profits for Chinese companies accelerated, underpinning efforts by global investors to diversify their investments away from the US amid global trade turmoil. The Hang Seng Index rose 0.2 per cent to 23,310.90 at 9.56am local time on Tuesday. The Hang Seng Tech Index gained 0.1 per cent. On the mainland, the CSI 300 Index slipped 0.1 per cent while the Shanghai Composite Index added 0.1 per cent. Meituan added 0.2 per cent to HK$129.60 after its first-quarter revenue and earnings exceeded consensus estimates. Alibaba Health rallied 1.8 per cent to HK$4.48 and Wuxi Biologics jumped 3 per cent to HK$23.80, while Anta Sports climbed 2.6 per cent to HK$94.65. Limiting gains, e-commerce platform operator slid 3.2 per cent to HK$125.50 while BYD declined 1.5 per cent to HK$419 amid concerns about margins amid intensifying competition in their businesses. Industrial profits in mainland China grew at an annual pace of 3 per cent in April, versus 2.6 per cent in March, the statistics bureau said on Tuesday. The report indicated resilience among local businesses, even after US President Donald Trump unveiled on April 2 his so-called reciprocal tariffs on almost all the nation's trading partners. Investment banks including JPMorgan Chase and UBS Group said global investors were interested in Chinese stocks traded in Hong Kong given their valuation edge and amid buying support from mainland-based funds.
