The Jewelry And Watch Stores Global Market Report 2023, provides comprehensive information on the jewelry and watch stores market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Jewelry And Watch Stores Market’s Growth:
https://www.thebusinessresearchcompany.com/report/jewelry-and-watch-stores-global-market-report
The global jewellery and watch stores market size is expected to grow from $160 billion in 2022 to $169.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global jewellery and watch stores market is expected to reach $200.65 billion in 2027 at a CAGR of 4.3%.
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Technological advancements are a key trend gaining popularity in the jewellery and watch store market. Major companies operating in the jewellery and watch store market are adopting new technologies to sustain their position in the market. For instance, in February 2022, Perfect Corp, a China-based beauty tech solutions provider launched a new AR try-on technology, allowing customers to virtually try on rings and bracelets online. This technology provides a “hyper-realistic virtual try-on experience” for watches, rings, and bracelets where a variety of movements, textures, skin tones, hand and finger sizes, and 3D hand models are used to teach the hand tracking software. Also, the technology will provide fine jewellery businesses with a new medium to personalize and connect with customers along the online purchase journey.
The jewelry and watch stores market is segmented:
1) By Product: Necklace, Ring, Earrings, Bracelet, Other Products
2) By Category: Branded, Unbranded
3) By Material Type: Silver, Gold, Platinum, Diamond, Other Materials
4) By Price Range: Low Range, Mid-range, Luxury
5) By End-User: Women, Men, Unisex
Asia-Pacific was the largest region in the jewelry and watch stores market in 2022.
The table of contents in TBRC’s jewelry and watch stores market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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