Market demand in the gift industry for handmade goods has risen exponentially in the last few years. With the rise of online e-commerce sites, consumers have become very aware of the value of owning things that are not mass produced, and can now purchase handmade goods directly from the people who make them. This in turn means that the gift industry is both competing directly with the sellers of handmade items on the retail end, as well as looking to makers of handmade items for new sources of unique gift items on the wholesale end.
The personalised gifts market is projected to grow at the rate of 8.11% during the forecast period, 2018 to 2023. In last few years, demand for personalised gifts has increased at a fast pace as large number of consumers are focusing on gifts that are exclusively designed in order to make their loved ones feel special and build stronger personal connections. However, factors like rise in digitalisation and modern manufacturing processes and technology; have allowed players to plan, produce, and deliver a finished product with minimal turn-around time.
Customised gifts have become more economical as well as more accessible. Currently players operating in personalised gifts market are increasingly focusing on consumer preferences and behaviours in order to deliver personalisation within different gifting categories like jewellery, clothing , photo frames, mugs, and others.
For more about our personalisation services, read our case study.
F4E are perfectly placed to meet the demands of the biggest buying season of the year. The lead up to Christmas including Black Friday bring challenges in volume and logistical management that F4E thrive upon.
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Birthdays, Valentines day, Chistenings, Weddings, Moving House. Europeans like Americans love to celebrate. Let F4E support your Giftware business and help it gain reputation and market presence.
Take advantage of this growing European market with F4E efulfillment and customer support services.
The global gift cards market was valued at $585,311 million in 2016, and is projected to reach $1,591,461 million by 2023, growing at a CAGR of 15.7% from 2017 to 2023.
Make your business growth in Europe easier with F4E's expert services
Access the growing European market with confidence via a single point of contact to assist your business in achieving it's goals in Europe and meeting the challenges of the online Giftware market.
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