U.S (New York)-The Latest Reports Costume Jewelry Market research with many aspects of the enterprise like the market size, market status, market trends, and future insights or futuristic records alternatively of subsequent 10 years, the file additionally gives in depth evaluation of the opponents and the particular increase possibilities with key market drivers. The file consists of pinnacle primary fundamental player’s evaluation alongside with proceeds stream, CAGR status, SWOT and PESTLE evaluation increase fame in every geographical region. This lookup is an ideal aggregate of qualitative and quantitative market facts accumulated from principal and secondary sources. This market file pursuits to similarly complicated on the modern situation and his have an effect on of COVID-19 on the enterprise as a whole. The record in addition delves into the main aspects of the market and examines every segment.
Custom jewelry comprises fashion accessories used to compliment an outfit. This type of jewelry is made of less precious materials as compared to precious materials such as gold, diamond, and gems. The raw materials used for making costume jewelry includes glass, plastic, semi-precious stones, beads, leather, aluminum, and brass. Increase inconsumer preference for fashionable and affordable jewelry is expected to foster the growth of the global costume jewelry market.
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Factors that strengthen the growth of this market include change in lifestyle, rise in disposable income, increase in prices of precious metal jewelry, rise in fashion consciousness, and change in packaging styles & attractive marketing strategies. However, factors hindering the market growth are surge in prices of raw material used for costume jewelry and limited period popularity of the jewelry. Conversely, increase in urbanization, innovations in designs, and surge in demand for costume jewelry for men offer potential opportunities for manufacturers to innovate and develop new products according to consumer preferences.
Presently, the global costume jewelry market has witnessed a balanced growth, and is anticipated to grow with a steady CAGR during the forecast period. There has been a considerable rise in disposable incomes over the past decade. Growth in global economies, changes in lifestyle, and rise in demandfor a variety of stone &semi-precious crafted jewelry due to varying cultures encouragethe growth of the global market.
North America and Asia-Pacific are the prominent markets for costume & imitation jewelry. The North American costume jewelry market is expected to grow at a CAGR of 7.10% by 2027.
In 2019, the necklaces & chains and bracelets segments helda combined share of 41.4% in global costume jewelry market, as these jewelries witness increased demand across the globe. The mode of sale comprises retail and online sale, where retail mode is further classified into brand outlets, boutiques, multi-brand stores, and specialty stores. Customers majorly prefer the retail mode of sale while buying jewelry. However, online medium for the purchase of costume and imitation jewelry is observed to be a rising trend among them. The online sales channel segment is expected to grow at the highest CAGR of 8.90% during the forecast period, due to rise in penetration of internet across the globe. North America is expected to dominate the global market during the analysis period,owing to the presence of a large number of established manufacturers of costume jewelry in the U.S. and Canada. In addition, the U.S. is the largest importer of costume jewelry, globally. The market in Asia-Pacific is expected to grow at a significant rate, due to increase in number of high net worth individuals and rise in prices of gold, silver, and platinum jewelries.
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The global costume jewelry market is segmented into product type, gender, mode of sale and region. On the basis of product type, the market is segregated into necklaces & chains, earrings, rings, cufflinks & studs, bracelets, and others. By gender, the market is segmented into male and female. Depending onmode of sale, it is fragmented into retail sale and online sale. The market is analyzed across four regions, which include North America, Europe, Asia-Pacific, and LAMEA.
Product Type Segmentation
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Apart from the general projections, our report outstands as it includes thoroughly studied variables, such as the COVID-19 containment status, the recovery of the end-use market, and the recovery timeline for 2020/ 2021
Analysis on COVID-19 Outbreak Impact Include:
In light of COVID-19, the report includes a range of factors that impacted the market. It also discusses the trends. Based on the upstream and downstream markets, the report precisely covers all factors, including an analysis of the supply chain, consumer behaviour, demand, etc. Our report also describes how vigorously COVID-19 has affected diverse regions and significant nations.
Report Include:
- Market Behaviour/ Level of Risk and Opportunity
- End Industry Behaviour/ Opportunity Assessment
- Expected Industry Recovery Timeline
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KEY BENEFITS FOR STAKEHOLDERS
– The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing costume jewelrymarket opportunities.
– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the size and segmentation assists to determinethe prevailing market opportunities.
– The major countries in each region are mapped according to their revenue contribution to the global industry.
– The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the costume jewelryindustry.
Key players profiled in the report are Avon Products, Inc., Buckley London, Compagnie Financiere Richemont SA, DCK Group, Giorgio Armani S.p.A., H.Stern Jewelers, Inc., LVMH Group, Randa Accessories, Stuller, Inc., and Yurman Design Inc. The other players operating in the global costume jewelry market are The Colibri Group, Channel S.A., Gianni Versace S.p.A., Gucci Group NV, Swarovski Group, PANDORA A/S, H & M Hennes & Mauritz AB, Zara, PRADA, Swank, Inc., Cartier, Billig Jewelers, Inc., and BaubleBar Inc.
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KEY MARKET SEGMENTATION
– By Product Type
o Necklaces & Chains
o Earrings
o Rings
o Cufflinks & studs
o Bracelets
o Others
– By Gender
o Male
o Female
– By Mode of Sale
o Retail Sale
o Online Sale
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– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Italy
? France
? Germany
? Netherlands
? Spain
? Rest of Europe
o Asia-Pacific
? China
? Japan
? Singapore
? India
? Australia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Highlight the Following Key Factors:
Business Description: A particular description of agency operations and enterprise departments.
Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
Company History: The development of predominant occasions associated to the company.
Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
Main Competitors: A listing of the company’s fundamental competitors.
Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
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