Press release
How will the Europe Wedding Ring market look like in terms of trends and analysis in 2026?
Europe Wedding Ring market
The European Jewelry Market has shown growth in 2018 and is expected to continue the same during the forecast period, 2019–2027. However, the number of weddings in the EU is declining. It dropped to 4.4 marriages per 1,000 persons in 2016 from 7.8 marriages per 1,000 persons in 1965, as per the data published by Eurostat in 2017. 2.2 million marriages took place in Europe in 2016, Eurostat. The gold segment generated about USD 6,584.0 million in 2018 and is expected to reach USD 8,175.6 million by 2024, with a CAGR of 3.7%.
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The Major Players Covered in this Report: August Gerstner Ringfabrik GmbH & Co. KG, Fischer & Sohn KG, Roland Rauschmayer GmbH & Co. KG, Albert Wörner GmbH, NIESSING MANUFACTORY GMBH & CO. KG,, Breuning, inc, CHRISTIAN BAUER SCHMUCK GmbH Co. KG, Meister GmbH, Boucheron, Tiffany & Co, 123Gold, & more....
The jewelry industry is highly fragmented and is mainly dominated by traditional jewelers. The ten largest branded jewelry group merely holds around 12.49% of the global market share. However, branded jewelry offering players are holding a relatively higher share of the Europe jewelry market than the rest of the world. In addition to this, these players have adopted 3D printing to a greater extent. Recently, egfManufaktur, one of the leading wedding ring brands, introduced on-site 3D printing projects for improving jewelry customization.
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Europe Wedding Ring in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Europe Wedding Ring market during the forecast period 2017-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Europe Wedding Ring and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Europe Wedding Ring. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Europe Wedding Ring Market Segmentation:
Gold to Be the Most Commonly Used Metal for Making Wedding and Engagement Rings:
Gold is one of the most expensive and commonly used metals for making wedding and engagement rings. It is witnessed that yellow gold, rose gold, and white gold is mostly preferred in wedding rings because of their malleable and durable nature. White gold is mainly available in two variants, 14k and 18k. Consumers are shifting their focus to buying this metal because it is more malleable and cheaper than platinum.
TABLES AND FIGURES:
TABLE 1 Europe Wedding Ring Market Value Share by Metal, 2017–2029 (USD Million)
TABLE 2 Europe Wedding Ring Market Volume Share by Metal, 2017–2029 (K Units)
TABLE 3 Europe Gold Segment Value Share by Region, 2017–2029 (USD Million)
TABLE 4 Europe Gold Segment Volume Share by Region, 2017–2029 (K Units)
TABLE 5 Europe Platinum Segment Value Share by Region, 2017–2029 (USD Million)
TABLE 6 Europe Platinum Segment Volume Share by Region, 2017–2029 (K Units)
TABLE 7 Europe Palladium Segment Value Share by Region, 2017–2029 (USD Million)
TABLE 8 Europe Palladium Segment Volume Share by Region, 2017–2029 (K Units)
TABLE 9 Europe Others Segment Value Share by Region, 2017–2029 (USD Million)
TABLE 10 Europe Others Segment Volume Share by Region, 2017–2029 (K Units)
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