South Korea Present Card and Incentive Card Market Report 2022: Market is Anticipated to Develop by 10.6% to Attain $6018.8 Million in 2022

DUBLIN, Sept. 14, 2022 /PRNewswire/ — The “South Korea Present Card and Incentive Card Market Intelligence and Future Progress Dynamics (Databook) – Q1 2022 Replace” report has been added to  ResearchAndMarkets.com’s providing.

The reward card market within the nation will enhance from US$5444.3 million in 2021 to achieve US$8099.0 million by 2026.

Regardless of near-term challenges in 2022, medium to long run development story of reward playing cards in South Korea stays sturdy. The reward card trade in South Korea is anticipated to develop steadily in H1 2022 and report a powerful development in H2 2022. The expansion momentum is anticipated to proceed to develop over the forecast interval, recording a CAGR of seven.7% throughout 2022-2026. 

Present card market in 2021 was pushed a variety of things, which supported development throughout retail and company segments. The first elements included development of ecommerce, elevated adoption to incentivize staff working remotely, digital gifting, and initiatives undertaken by authorities, hospitality, and journey industries to revive development. Although the reward card market was impacted attributable to COVID-19, the market is anticipated to bounce again within the coming quarters, particularly in H1 2022.

Present card trade in South Korea has finished effectively to face up to the affect of financial slowdown together with unfavourable enterprise and shopper sentiment attributable to disruption brought on by Covid-19 outbreak.

Traditionally, the reward card market in South Korea has recorded a gentle development with a CAGR of 11.8% throughout 2017-2021. In response to the This autumn 2021 World Present Card Survey, reward card trade within the nation is anticipated to develop by 10.6% on annual foundation to achieve US$6018.8 million in 2022.

Causes to purchase

  • In-depth understanding of reward card and incentive card market dynamics: Perceive market alternative, key traits and drivers together with five-year forecast (2017-2026) for reward playing cards and incentive playing cards in South Korea.
  • Develop market particular methods: Determine development segments and goal particular alternatives throughout shopper segments and events to formulate your reward playing cards technique; assess market particular key traits and dangers.
  • Get insights into shopper perspective and behavior in South Korea: Perceive altering shopper perspective and behavior and enhance ROI. Get detailed insights into retail spend by reward 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 reward playing cards gross sales dynamics by channels – on-line vs offline and by 1st occasion vs third occasion gross sales.

Scope

Closed Loop Present Card Market Share by Key Retailers. Key Retailers Coated Embrace:

  • Lotte Group
  • Shinsegae Co Ltd
  • Hyundai Division Retailer Co Ltd
  • GS Holdings Corp
  • SK Planet Co Ltd
  • BGF Retail Co Ltd
  • Costco Wholesale Corp

Whole Spend on Items in South Korea

  • By Client Section (Retail and Company)
  • By Product Classes (13 Segments)
  • By Retail Sectors (7 Segments)

Present Card Market Measurement by KPIs throughout Client Segments in South Korea

  • Gross Load Worth
  • Transaction Worth
  • Unused Worth
  • Common Worth Per Transaction
  • Transaction Quantity
  • Common Worth of Card Bought
  • Variety of Playing cards

Present Card Market Measurement by Client Section in South Korea

  • Retail Client
  • Company Client (Small Scale, Mid-Tier, Giant Enterprise)

Digital Present Card Market Measurement in South Korea

  • By Retail Client
  • By Retail Buy Event
  • By Company Client
  • By Company Buy Event
  • By Firm Measurement

Present Card Market Measurement by Retail Client in South Korea

  • By Practical Attribute
  • By Occasion1. Festivals & Particular Celebration Days
    2. Milestone Celebration
    3. Self-Use
    4. Different
  • Worth by Buy Channel

Present Card Spend by Client Conduct and Demographics in South Korea

  • Client Buy Behaviour
  • Present Card Purchaser by Age Group
  • Present Card Purchaser by Earnings Degree
  • Present Card Purchaser by Gender

Present Card Market Measurement by Company Client in South Korea

  • By Practical Attribute
  • By Occasion1. Worker Incentive
    2. Gross sales Incentive
    3. Client Incentive
  • By Scale of Enterprise

Present Spend by Product Classes (Cut up by Retail and Company Shoppers) in South Korea

  • Meals & Beverage
  • Well being, Wellness & Magnificence
  • Attire, Footwear & Equipment
  • Books & Media Merchandise
  • Client Electronics
  • Eating places & Bars
  • Toys, Children, and Infants
  • Jewellery
  • Sporting Items
  • House & Kitchen Equipment & Home equipment
  • Journey
  • Leisure & Gaming
  • Different

Present Card Spend by Retail Sector (Cut up by Retail and Company Shoppers) in South Korea

  • Ecommerce & Division Shops
  • Eating places & Bars
  • Grocery store, Hypermarket, Comfort Retailer
  • Leisure & Gaming
  • Specialty Shops
  • Well being & Wellness
  • Journey

Present Card Spend by Distribution Channel (Cut up by Retail and Company Shoppers) in South Korea

  • Present Card On-line Gross sales
  • Present Card Offline Gross sales
  • 1st Get together Gross sales
  • third Get together Gross sales
  • Gross sales Uplift

For extra details about this report go to https://www.researchandmarkets.com/r/ezun11

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