Press release
Jewelry And Silverware Market Rising Demand Analysis and Precise Outlook 2020 | Richline Group, Tiffany, James Avery Craftsman
The global Jewelry And Silverware market is expected to grow from $50 billion in 2019 to $51.1 billion in 2020 at a compound annual growth rate (CAGR) of 2.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $61.8 billion in 2023.
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Key Players:
Richline Group; Tiffany; James Avery Craftsman; Cartier; Bulgari, request sample for a complete list of companies.
The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.
The jewelry and silverware market consists of sales of jewelry and silverware by entities (organizations, sole traders and partnerships) that produce engrave, chase or etch jewelry, novelties or precious metal flatware; stamp coins; cut, slab, tumble, carve, engrave, polish or facet or recut, repolish or reset precious or semiprecious stones.
The Asia Pacific was the largest region in the global jewelry and silverware market, accounting for 45% of the market in 2019. North America was the second largest region accounting for 24% of the global jewelry and silverware market. South America was the smallest region in the global jewelry and silverware market.
Jewelry and silverware manufacturers have adopted CAD software due to its finest measurement providing capability. CAD or computer-aided design software is used by engineers and architects for creating accurate drawings of objects. Using CAD in jewelry making has enabled the manufacturers to easily customize the jewelry with high precision according to customer requirements. It helps in lowering the manufacturing cost by creating a virtual model and replicating it during manufacturing.
Markets Covered:
1) By Type: Jewelry; Silverware
2) By Distribution Channel: Online Stores; Speciality Stores; Hypermarkets; Others
Market Segment by Regions:
Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.
The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.
Browse full report:
https://www.marketinsightsreports.com/reports/05072013923/jewelry-and-silverware-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-jewelry-silverware-2-by-distribution-channel-online-stores-speciality-stores-hypermarkets-others-covering-richline-group-tiffany-james-avery-craftsman-cartier-bulgari?Source=OpenPR&mode=10
Frequently Asked Questions about “Jewelry And Silverware market” :
What will the Jewelry And Silverware market size/ forecast be in 2030?
What is the growth rate (CAGR) of the Jewelry And Silverware market?
Who are the key players/top companies in the Jewelry And Silverware market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Jewelry And Silverware market?
What are the challenges to growth and the new opportunities in the Jewelry And Silverware market?
Which is the highest growing region or country for the Jewelry And Silverware market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
Note:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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