Segments - Jewelry Market by Materials (Diamond, Platinum, Gold, and Others), Products (Bracelet, Earring, Ring, Necklace, and Others), End-users (Women and Men), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
Author : Debadatta Patel Fact-checked by : PARTHA PAUL Editor : Shruti Bhat Upcoming | Report ID :CG-4074 | 4.1 Rating | 66 Reviews | 185 Pages | Format :
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The jewelry market size was valued at USD 248.09 billion in 2021 and is projected to reach USD 517.90 billion by 2030, expanding at a CAGR of around 8.4% during the forecast period, 2022 – 2030. The growth of the market is attributed to rising disposable income and new jewelry designs offered by manufacturers.
Any exquisite material used to decorate the human body is considered as jewelry. COVID-19 had a beneficial impact on jewelry market, with around 28% of customers stating they purchased more jewelry during COVID-19, according to a study from Plumb club recent poll. Growing popularity of jewelry among men is projected to boost the market during the forecast period. Men's jewelry includes signet rings, cartography necklaces, tie bars, basic gold chains, and cufflinks.
High spending on wedding rituals and celebrations in nations like India is projected to boost market growth. Major players are focusing on leveraging their websites to advertise new sales, launches, and other essential information.
The Covid-19 pandemic affected the demand and supply of gems and jewelry. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the global jewelry market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
Details
Report Title
Jewelry Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year
Historic Data
Forecast Period
Segmentation
Materials (Diamond, Platinum, Gold, and Others), Products (Bracelet, Earring, Ring, Necklace, and Others), and End-users (Women and Men)
Regional Scope
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Swarovski AG; Malabar Gold & Diamonds; H. Stern; Signet Jewelers Limited; GRAFF; Richemont; Louis Vuitton SE; Chow Tai Fook; Pandora; and Tiffany & Co.
Based on materials, the market is segregated into diamond, platinum, gold, and others. The gold segment held around 40% of the total market share in 2021 and is projected to maintain its dominance during the forecast period as it is the most often utilized metal in the creation of all types of jewelry globally. Furthermore, gold is expected to fuel the demand because it is seen as a symbol of wealth and is used in a variety of occasions and ceremonies.
For example, yellow gold is made up of zinc, silver, and copper alloys. White gold is a mix of one or more white metals, most commonly silver, nickel, or palladium and gold. Green gold is a blend of gold and silver with residues of copper and other metals, while rose gold is a combination of gold, silver, and copper.
On the basis of products, the market is fragmented into bracelet, earring, ring, necklace, and others. The ring segment held major market share of around 25% of the total market share in 2021. The increased demand for wedding bands, along with the growing trend for professional clothing, is driving the ring segment. The increased sale of rings among male consumers has become a prominent trend in recent years.
This is due to advancements in men's jewelry design and increase in global fashion awareness among men. Consumer perceptions of rings have also shifted. Younger generations who have a less traditional view of marriage are expected to create a strong link between love and rings, be it promise rings, engagement rings, or commitment rings. Owing to their increased preference for rings, jewelers are expected to target young consumers more in the future.
The bracelet segment is anticipated to expand at a high CAGR during the forecast period. One of the major factors driving the segment is rising trend of cross-cultural designs in bracelets globally. In this regard, Egyptian, European, and Italian-inspired jewelry is projected to gain popularity in the next few years.
Based on end-users, the market is bifurcated into men and women. The women segment accounts for a major market share owing to manufacturers developing a broad range of products customized exclusively for female consumers. Moreover, the product's popularity among women for enhancing their appearances is expected to propel the market. The men segment is projected to expand at a significant rate owing to increasing number of men desiring to buy the goods as a statement of their fashion sense, unique style, and high status.
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific accounted for around 60% of the global share in 2021 owing to increasing demand for jewelry from populated nations such as China and India, where gold is widely used. China was the market leader because of its growing population and rapidly developing economy. Growth of the region is attributed to presence of major players such as Wallace Chan, Queelin, Tanishq, and Malabar Golds and Diamonds.
Segments Covered in the Report
The global jewelry market has been segmented on the basis of
Materials
Products
End-users
Regions
Key Players
Key players competing in the jewelry market include Swarovski AG; Malabar Gold & Diamonds; H. Stern; Signet Jewelers Limited; GRAFF; Richemont; Louis Vuitton SE; Chow Tai Fook; Pandora; and Tiffany & Co. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,
Signet Jewelers Limited; GRAFF; Richemont; Louis Vuitton SE; Chow Tai Fook; Pandora; and Tiffany & Co. are some of the top players in the market.
Asia Pacific accounted for around 60% of the global share in 2021
Stringent import and export restrictions on jewelry goods is estimated to hinder the market growth.
The jewelry market size was valued at USD 248.09 billion in 2021 and is projected to reach USD 517.90 billion by 2030.
The jewelry market is projected to expand at a CAGR of around 8.4% during the forecast period, 2022 – 2030.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Jewelry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Jewelry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Jewelry Market - Supply Chain
4.5. Global Jewelry Market Forecast
4.5.1. Jewelry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Jewelry Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Jewelry Market Absolute $ Opportunity
5. Global Jewelry Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Jewelry Market Size and Volume Forecast by End Users
5.3.1. Women
5.3.2. Men
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Jewelry Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Jewelry Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Jewelry Demand Share Forecast, 2019-2026
7. North America Jewelry Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Jewelry Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Jewelry Market Size and Volume Forecast by End Users
7.4.1. Women
7.4.2. Men
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Jewelry Demand Share Forecast, 2019-2026
8. Latin America Jewelry Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Jewelry Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Jewelry Market Size and Volume Forecast by End Users
8.4.1. Women
8.4.2. Men
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Jewelry Demand Share Forecast, 2019-2026
9. Europe Jewelry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Jewelry Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Jewelry Market Size and Volume Forecast by End Users
9.4.1. Women
9.4.2. Men
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Jewelry Demand Share Forecast, 2019-2026
10. Asia Pacific Jewelry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Jewelry Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Jewelry Market Size and Volume Forecast by End Users
10.4.1. Women
10.4.2. Men
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Jewelry Demand Share Forecast, 2019-2026
11. Middle East & Africa Jewelry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Jewelry Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Jewelry Market Size and Volume Forecast by End Users
11.4.1. Women
11.4.2. Men
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Jewelry Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Jewelry Market: Market Share Analysis
12.2. Jewelry Distributors and Customers
12.3. Jewelry Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Swarovski AG
12.4.2. Malabar Gold & Diamonds
12.4.3. H. Stern
12.4.4. Signet Jewelers Limited
12.4.5. GRAFF
12.4.6. Richemont
12.4.7. Louis Vuitton SE
12.4.8. Chow Tai Fook
