Global Jewelry Market size was valued at USD 260.46 Bn in 2023 and is expected to reach USD 373.39 Bn by 2030, at a CAGR of 5.28 % over the forecast period.
Jewelry Market Overview:
This Jewelry market study looks at current and emerging industry trends and dynamics in the global Jewelry market. Jewelry Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Jewelry market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Jewelry market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Jewelry market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Jewelry market environment. Increased demand for Jewelry is driving the market. The Jewelry market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
The market is divided into categories based on product type: watches, bracelets and bangles, earrings, necklaces and pendants, rings, brooches and pins, and earrings. The jewelry market share held by the rings sector is anticipated to remain the highest during the forecast period, continuing its dominant position in the market as of 2022. Particularly, wedding bands and engagement rings greatly increase the appeal and sales of rings. Engagement rings are a mainstay in the jewelry business since they are frequently seen as symbolic and necessary for marriage proposals and weddings.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Tiffany & Co.
2. Pandora
3. Chow Tai Fook
4. Louis Vuitton SE
5. Richemont
6. GRAFF
7. Signet Jewelers Limited
8. H. Stern
9. Malabar Gold & Diamonds
10. Buccellati
11. Cartier
12. LVMH Group
13. SHR Jewelry Group
14. Swarovski
15. Tata Sons Private Ltd
16. The Swatch Group AG
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Jewelry market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Jewelry Market:
The COVID-19 epidemic has had a significant impact on the global Jewelry industry. Jewelry Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Jewelry market to decelerate in 2020. The negative impact of COVID-19 on the Jewelry market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Jewelry.
Key Questions Answered in the Jewelry Market Report are:
- Which segment was responsible for the largest share in the Jewelry market?
- How was the competitive scenario of the Jewelry market in 2023?
- Which are the key factors responsible for the Jewelry market growth?
- Which region held the maximum share in the Jewelry market in 2023?
