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Costume Jewelry Market Key Players Strategies, Upcoming Demand, Business Opportunities, Revenue, Gross Margin and Forecast 2027
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Market Overview
The demand for costume jewelry is witnessing an uptick on account of factors such as the surging price of metals such as gold, diamond, and silver, change in lifestyle, promulgating working women's and rising fashion consciousness. As per the World Bank, women's participation in the total labor force globally increased from 38.85% in 2018 to 38.88% in 2019. Also, the attractive marketing strategies and packaging by the companies are acting as a growth catalyst to the industry. Moreover, the emergence of new techniques such as 3D Printing AR, VR is acting as a growth catalyst to the industry. 3D jewelry printing is a fast-growing phenomenon in the market landscape, owing to its advantage of mass production. However, there is a lack of skilled craftsmen for 3D jewelry printing who can manually refine and perfect designs.
COVID-19 Impact
It has been reported that in China, spending on watches and jewelry, apparel, accessories, and cosmetics are down by more than 60 percent over the Lunar New Year period. Hong Kong's retail sales of jewelry and luxury items limped to the end of an abysmal 2019, with December 2019 sales falling nearly 37% short of December 2018 earnings, as the region closed the year more than 22% lower than the year prior. Pandora, citing just one example, has closed nearly a third (70 of 240) of its stores in China as its business in China has ground to a halt.
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The Costume Jewelry Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product Type, the market is primarily bifurcated into
Necklaces & Chains
gs
gs
Cufflinks & Studs
Bracelets
Others
The Necklace & Chains segment dominated the by Product type segment and gathered --% of the Costume Jewelry Market in 2020. Moreover, the market of this segment is expected to grow at --% CAGR to reach US$ -- million by the year 2027.
By Gender, the market is primarily bifurcated into
Female
Male
The Female segment grabbed the major market share in 2020 dominated the gender segment. The segment gathered --% of the Costume Jewelry Market in 2020. Moreover, the market of this segment is expected to grow at --% CAGR to reach US$ -- million by the year 2027.
By Mode of Sale, the market is primarily segmented into
Online
Offline
Based on the Mode of Sale, the market is fragmented into Online and Offline. The Offline segment accounted for the largest share and is expected to grow at --% CAGR during the forecast period 2021-2027. In 2020, the synthetic segment generated a revenue of US$ -- million. However, the online segment is expected to witness the highest CAGR during the forecast period.
Costume Jewelry Market Geographical Segmentation Includes:
North America
Europe
Asia-Pacific
Rest of the World
Based on the estimation, the Asia Pacific region grabbed --% market share in 2020 and gathered almost US$ -- million in revenue in 2020. The market of the region would proliferate owing to the surging end-users interest in costume jewelry owing to the low prices and attractive designs.
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The major players targeting the market includes
Swarovski Group
Avon Products, Inc.
Buckley London
DCK Group
Giorgio Armani S.p. A.
Stern Jewelers, Inc.
LVMH Group
Randa Accessories
Stuller, Inc.
Yurman Design Inc.
Competitive Landscape
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in Costume Jewelry Market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
What are the latest trends, new patterns, and technological advancements in the Costume Jewelry Market?
Which factors are influencing the Costume Jewelry Market over the forecast period?
What are the global challenges, threats, and risks in Costume Jewelry Market?
Which factors are propelling and restraining Costume Jewelry Market?
What are the demanding global regions of the Costume Jewelry Market?
What will be the global market size in the upcoming years?
What are the crucial market acquisition strategies and policies applied by global companies?
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Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL COSTUME JEWELRY MARKET REVENUE
7 MARKET INSIGHTS BY PRODUCT TYPE
8 MARKET INSIGHTS BY GENDER
9 MARKET INSIGHTS BY MODE OF SALE
10 MARKET INSIGHTS BY REGION
11 COSTUME JEWELRY MARKET DYNAMICS
12 DEMAND AND SUPPLY SIDE ANALYSIS
13 VALUE CHAIN ANALYSIS
14 COSTUME JEWELRY MARKET OPPORTUNITIES
15 COSTUME JEWELRY MARKET TRENDS & INSIGHTS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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