A gift truck is an innovative idea that strives to meet the customers’ needs for purchasing gifts conveniently. The truck features an ingenious and functional design that enables the presentation and marketing of a wide range of gifts to customers. It’s a stylish and unique truck that embodies an exceptional appeal, where the gifts are highlighted by a stunning internal lighting system. It features an e-payment system that facilitates the purchasing and payment process for customers.
The gift truck project is one of the most successful small businesses for several reasons: First, it caters to customers’ need to purchase gifts conveniently and effortlessly. Second, the project provides sellers with an opportunity boost their profit by setting up shop in a variety of busy locations teeming with visitors. Third, the truck is mobile, enabling effortless targeting of events and public gatherings to maximize profits.
_ In 2020, the value of the global gift market reached USD 24,718.4 million. It’s expected to increase up to USD 34,305.8 million by 2026.
_ In 2020, the global market value of gift cards reached USD 378.97 billion. It’s expected to increase up to USD 510 billion by 2025.
_ The retail gift market is expected to grow at a CAGR of 3.01% between 2022 and 2027, with the market value expected to increase by USD 13.491 billion.
_ In 2022, the market value of gift cards in the UAE reached USD 1.608.9 billion, with an expected CAGR of 9.8% between (2023 and 2027), reaching a market value of USD 2.609.5 billion by 2027.
