The global jewelry
market size is expected to reach USD 462.56 Billion in 2028 and
register a revenue CAGR of 5.3% over the forecast period, according to a latest
report by Reports and Data. Market revenue growth is primarily driven by
increase in consumer preference towards affordable and fashionable jewelry.
Major changes in customer behavior and purchasing patterns and rising adoption
of western lifestyle are other factors boosting revenue growth of the market.
Shifting consumer preference towards lightweight and customized jewelry is also
expected to boost popularity of distinct collections such as regular or daily
wear, work wear and fashion wear. Growing customer base of wealthy class and
upper-middle class in developing countries is expected to drive demand for
jewelry. Rise in disposable income in countries such as India is another factor
driving demand for jewelry. Manufacturers are increasingly investing in order
to offer unique design jewelry with intricate details and focusing more on
product innovation due to the growing popularity of cross-cultural designs. In
October 2018, Pandora, which is the largest jewelry brand in the world,
introduced PANDORA Reflexions, which is a flat bracelet in precious metals.
PANDORA Reflexions is available in three metals, PANDORA Shine, PANDORA Rose
and sterling silver.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Jewelry market
along with global position, financial standing, license agreement, products and
services portfolio and revenue contribution of each market player. Key players
in the market are focusing on adopting various strategies such as mergers and
acquisition, business expansion plans, new product launches, partnerships,
collaborations, joint ventures to enhance their product base and gain robust
footing in the market.
Some of the Leading Market Players Are Listed Below:
· LVMH
Group
· Pandora
A/S
· Signet
Jewelers Ltd
· H.Stern
· Compagnie
Financière Richemont SA
· The
Swatch Group Ltd
· Chow
Tai Fook group
· Swarovski
· Malabar
Gold and Diamonds
· Harry
Winston, Inc.
Get more Information about this Report: https://www.reportsanddata.com/report-detail/jewelry-market
Jewelry Market Segmentation based on Material Types:
- Platinum
- Gold
- Diamond
- Others
Jewelry Market Segmentation based on Product channel:
· A Ring
·
Necklace
·
Bracelet
·
Earrings
·
Others
Jewelry Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Jewelry Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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