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.
The published report on the global Jewelry Market offers a comprehensive analysis of the industry, providing a panoramic overview that includes market size, market share, revenue growth, opportunities, drivers, and restraints. The Jewelry Market aims to furnish readers, stakeholders, and investors with essential real-time information about market developments and advancements, enabling them to capitalize on emerging opportunities. The report covers regional analysis and the competitive landscape to present a clear picture of market growth. It delves into development policies, plans, manufacturing processes, and cost structures, providing valuable insights for industry players and decision-makers.
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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. Increasing household disposable income and demand for bridal jewelry are some major factors driving the market revenue growth. Jewelry is traditionally sold as a luxurious product and demands are accelerating revenue growth of the market along with increasing household disposable income. According to the World Bank U.S., final consumption expenditure was USD 62.03 trillion in 2020. Bridal jewelry plays a crucial influence in driving revenue growth of the market. Consumers in some countries spend a high amount on buying wedding jewelry such as necklaces, engagement rings, earrings, bracelets, and many other types of ornaments. According to research, American consumers spend about USD 72 billion annually on weddings
Top Companies: Tiffany Co., Bulgari, Harry Winston, Inc., De Beers Forevermark, Pandora Jewelry, LLC., CARTIER, Signet Jewelers, Chopard USA Ltd, Swarovski AG, Pomellato S.p.A., HStern, Graff, and Louis Vuitton Malletier.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Jewelry is expected to rise in the coming years.
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Regional Outlook
For comprehensive understanding of market dynamics, the global Jewelry Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Jewelry Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Jewelry Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Jewelry Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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