A new report added to the online inventory of Wise Guys Reports (WGR) reveals that the Global jewellery Market was valued at $278.5 billion in 2018 and is anticipated to reach at 480.5 billion USD in 2025, with a significant growth of 8.1% over the forecast period.
The jewellery industry seems poised for a glittering future. It consists of accessories worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks. This global jewellery market has increased at a significant CAGR during the years 2010-2018 and projections are made that the market would rise in the next five years i.e. 2020-2025 tremendously.
Factors such as increase in disposable income, ever-increasing population, changing lifestyles, growth in female workforce, and shift in consumer shopping perception related to jewels are constantly contributing to the increasing demand of jewellery products across the globe. Additionally, growing acceptance of jewellery among men is another factor propelling market growth. Products such as cufflinks, plain gold chains, cufflinks, tie bar, cartography necklaces, and signet rings are few of the products common among men. This consumption behaviour is expected to positively impact the market growth.
Request a Free Sample Report, Click Here @ https://www.wiseguyreports.com/sample-request/3366664-global-jewellery-market-insights-forecast-to-2025
Key Players
The report has included a profiling of various prominent players in the market and different trends in the manufacturing landscape. It also identifies some of the new market entrants that are shaping the jewellery market landscape.
Chow Tai Fook Jewellery
LVMH
Rajesh Exports
Richemont
Signet Jewelers
Maria Black
Missoma London
Laura Lombardi
Bar Jewellery
Gaviria
Maria Tash
Katerina Makriyianni
Monica Vinader
Swarovski
Tiffany&Co
Tous
Thomas Sabo
GLOBAL JEWELLERY MARKET: SEGMENTAL ANALYSIS
The segmental analysis of the market has been conducted based on product, material type, distribution channel and geography.
Based on product type, the market has been segmented into necklace, ring, earrings, bracelet and others. Ring accounted for the largest market share in 2018, and Bracelets are also expected to witness substantial growth over the projected period as they have replaced bangles in daily wear and are seen as a style statement by majority of the working-class women. Necklaces and earrings are the products mostly used for gifting purposes during weddings.
By Material Type, the market is divided into Gold, Diamond, Platinum, and others. Gold is the most popular metal used for making ornaments across the world. It held the largest market share and was valued at USD 117.1 billion in 2018. In addition, diamonds are becoming increasingly popular because of their stunning attributes. However, demand for Platinum is expected to remain constant in the forecast period owing to its costliness and increasing consumption of gold and diamond. Even, other types of jewellery are set to grow rapidly over the coming years.
Further, based on distribution channel the market segmented into online channel and offline channel. Offline channels dominated the gems & jewelry market. However, online channel expected to show fastest growth during the forecast period owing to rising popularity of internet and smartphones.
REGIONAL OUTLOOK
In terms of revenue and consumption, Asia Pacific held the largest jewellery market share in terms of revenue due to the high demand from countries like China, India, and Hong Kong. Additionally, presence of major players, in China, Hong Kong, and Macau is expected to boost jewellery demand in this region. Middle East and Africa is expected to contribute significantly to the market growth in the forecast period due to presence of gold mines and emergence of UAE as the largest diamond trading hub. However, North America and Europe are expected to witness slow growth due to major imports of gold and diamond being diverted to Asia Pacific countries.
……Continued
Access Complete Report @ https://www.wiseguyreports.com/reports/3366664-global-jewellery-market-insights-forecast-to-2025
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: www.wiseguyreports.com