Chain brands to lead growth in Luxury Jewellery Market in Germany: Ken Research
Chain brands have a great participation in the growth of luxury jewellery market. There would be development by many members of the jewellery trade organization for jewellery value sales and volume in Germany in future as well. Production of consumer traffic for retailers, which influence the sales opportunities and potential growth, is the main issue, which was investigated.
According to the market research report Luxury "Jewellery in Germany", the overall jewellery sector is growing on faster pace. In addition, it has a glittering future as well. It is a fast growing and dynamic industry. Industry is managing to understand the consumer behavior and change in trends. Over the past 30 years, the industry has seen a good amount of growth, as there was internationalization and consolidation. These factors have changed the present as well as the future of jewellery industry. Branded jewellery accounted to capture 20% of overall jewellery market worldwide in 2001 and now the share is more than double. Branded jewellery has captured almost the full market and will continue do it in future. There is a significant decrease in customer frequency in city centers and shopping centers over a period and it is also expected to decline in future as well. The impact is noticeable and it is expected to intensify over the forecast period because jewellery sales are still mainly store-based.
There is long and rich history of jewellery making in Germany. Which is primarily centered on the town of Pforzheim and located in the state of Baden-Württemberg, Pforzheim's making jewellery industry has earned the town. Colette in Paris, Dover Street Market in London and Maxfield in Lacada is an impressive list of retailers that has amassed throughout the globe in the since 20 years. Annette and Herbert Kopp (husband and wife) had set up a team who met at the Academy of Fine Arts in Munich where she was training to be a silversmith and he was studying painting. Edgy, glamorous pieces which is featuring motifs such as angels, demons, Buddhas, flowers, and snakes was produced by Creativity, Arts Designs and Anarchy (CADA).
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Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
Ken Research is a Global aggregator and publisher of Market intelligence research reports, equity reports, data base directories and economy reports. Our market research reports provides market sizing analysis, insights on promising industry segments, competition, future outlook and growth drivers in the space. The company is engaged in data analytics and aids clients in due-diligence, product expansion, plant setup, acquisition intelligence to all the other gamut of objectives through our research focus.
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