Industry Analysis & Industry Trends
The Online Greeting Card Sales industry is slowly expanding as businesses and consumers shift toward online shopping. An increasing number of broadband internet connections has helped facilitate access to online greeting card retailers, along with the growing number of consumers who use mobile devices with internet capabilities. As a result, the industry is expected to grow in the five years to 2016. Over the next five years, growing consumer preference for online shopping will continue to prop up industry expansion. Rising internet and mobile access will enable more consumers to buy greeting cards online, and industry marketing will attract consumers through social media and mobile applications. Industry revenew is projected to grow over the next five years.
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Industry Report - Industry SWOT Analysis Chapter
The Online Greeting Card Sales industry is expanding as consumer access to online retail channels grows. As the internet becomes more prevalent and purchasing options become more secure, more greeting cards are bought online. As a result, the industry's contribution to the economy, as measured by industry value added (IVA), is forecast to expand at a 2.9% annualized rate over the 10 years to 2021. Meanwhile, GDP is projected to grow at an annualized rate of 2.2% over the same 10-year period.
Fast growth is attracting investment in online greeting card sales. As a result, the number of companies in the industry is forecast to increase at a 6.9% annualized rate to 940 during the 10 years to 2021... purchase to read more