Jewelry Market
The Global Jewelry Market size was USD 255.73 billion in 2021 and is expected to register a revenue CAGR of 8.2% over the forecast period.
NEW YORK CITY, NEW YORK, USA, July 8, 2022 /EINPresswire.com/ -- The Jewelry Market size was USD 255.73 Billion in 2021 and is expected to register a revenue CAGR of 8.2% over the forecast period, according to a latest report by Reports and Data. Jewelry is mirroring mindset shift of customers and bridal jewelry plays a crucial influence in driving revenue growth of the market. Consumers in some countries spend a high amount in buying wedding jewelry such as necklaces, engagement rings, earrings, bracelets, and other types of ornaments. According to research, American consumers spend about USD 72 billion annually on weddings. Major jewelry brands are targeting consumer sentiment-based product advertisements, which is further generating demand for jewelry products.
Moreover, leading industry players of jewelry makers such as Bulgari, Tiffany & Co, Swarovski, and other makers are expanding their e-commerce chains. Online shopping sites offers a great deal on jewelry with a wide range of design and materials and consumer convenience is playing a significant role in driving revenue growth of the market. A large number of consumers are preferring to buy jewelry from direct-to-consumer (DTC) companies. These factors give freedom to select a particular piece of jewelry from an e-commerce store with better price and return policy, which is practically not possible in offline stores. Additionally, increasing consumer attention toward authenticity and future market value of precious metals and stones such as gold, platinum, diamond, sapphire, ruby, and emerald used in these jewelry pieces are further fueling revenue growth of the market.
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Key Regional Markets Covered in the Report:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Russia
o U.K.
o Germany
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o Israel
o Rest of Middle East & Africa
Top 10 Profiled in the Global Jewelry Market Report:
• Tiffany & Co.,
• Bulgari,
• Harry Winston, Inc.,
• De Beers Forevermark,
• Pandora Jewelry, LLC.
• Others
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Market Segmentation:
By Product Type Outlook
• Necklace
• Ring
• Earrings
• Bracelets
• Others
By Material Type Outlook
• Gold
• Platinum
• Diamond
• Silver
• Others
By End-use Outlook
• Women
• Men
By Distribution Channel Outlook
• Online
• Offline
Key Takeaways of the Global Jewelry Market Report:
• A comprehensive overview of the global Jewelry industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Jewelry market.
• Elaborate study of the leading regional markets in the global Jewelry market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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