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.
The
Jewelry market has been segmented into key regions of the world and offers an
analysis of growth rate, market share, market size, current and emerging
trends, production and consumption ratio, industrial chain analysis, demand and
supply, import and export, revenue contribution, and presence of key players in
each region. A country-wise analysis of the market is offered in the report to
gain a better understanding of the regional spread and progress of the Jewelry
market.
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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.
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about this Report: https://www.reportsanddata.com/report-detail/jewelry-market
Market Segmentation:
The
Global Jewelry industries are also studied based on leading segments, and
examines dominant product and application segments in detail. The report aims
to help reader’s benefits from the growth prospects existing in the market in
the global Jewelry industries. It offers key information on drivers and
restraints influencing the leading segments in the global Jewelry industries.
Jewelry Market Segmentation based on Material Types:
- Platinum
- Gold
- Diamond
- Others
Jewelry Market Segmentation based on Product channel:
· A Ring
· Necklace
· Bracelet
· Earrings
· Others
For
comprehensive coverage, the report discusses growth prospects, opportunities,
and challenges. The market report considers various key factors across the
leading regions.
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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you for reading our research report. We also offer report customization as per
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Key questions addressed in the Report:
· Which
key players are operating in the global Jewelry market?
· Which
key factors are expected to hamper global market revenue growth?
· What
market size is the global Jewelry market expected to reach throughout the
forecast period?
· Which
application segment revenue is expected to expand at a rapid CAGR between 2021
and 2028?
· Which
region is expected to account for robust revenue share throughout the forecast
period?
· Which
regional segment is expected to register fastest revenue CAGR throughout the
forecast period?
· What
revenue CGAR is the global Jewelry market expected to register during the
forecast period?
· What
are the key outcomes of Porter’s Five Force analysis of the Jewelry market?
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