Stellar Market Research, a global Consumer Goods and Services market research firm has published competitive intelligence and market research report on the “Luxury Jewelry Market”. The Luxury Jewelry Market size was valued at USD 51.2 Bn in 2023. The total Luxury Jewelry Market revenue is expected to grow at a CAGR of 7.9 percent from 2024 to 2030, reaching USD 84.2 Bn during the forecast period.
Market Size in 2023 USD 51.2 Bn
Market Size in 2030 USD 84.2 Bn
CAGR 7.9 percent (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 268
No. of Tables 121
No. of Charts and Figures 113
Segment Covered By Product Type, Application and Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Get a free sample copy to fully comprehend the format of the report, which includes the table of contents and summary:https://www.stellarmr.com/report/req_sample/Luxury-Jewelry-Market/1835
Luxury Jewelry Market Scope and Research Methodology
The report includes a detailed analysis of the Luxury Jewelry Market. The competitive analysis in the report includes a company overview, financial performance, product portfolio, and strategies of the key players in the Luxury Jewelry industry. Key insights provided in the report are the major drivers of the Market, the challenges faced by the market participants, and growth prospects in the Market across the world. The Luxury Jewelry Market report covers a detailed analysis of the investments of market players to increase their global presence in the industry, which makes it an investor’s guide.
The segments covered in the report are Product Type, Application and Distribution Channel. Primary and Secondary research method was used to collect data for the Luxury Jewelry market report. Primary research was conducted to validate the findings from the secondary research method.
Luxury Jewelry Market Overview
The luxury jewelry market is a dynamic and evolving sector that caters to consumers seeking prestige, status, and beauty in their accessories. The industry covers a wide range of products, including watches, rings, pearls, gold, diamonds, and silver, each with its pricing, marketing strategies, and consumer perceptions. The market’s growth is driven by changing consumer behaviour and emerging trends, leading jewelry manufacturers to constantly innovate and stay updated to avoid becoming outdated.
Changing consumer behaviour to boost the Luxury Jewelry Market growth
The luxury jewelry market has experienced significant growth owing to modernization, westernization, and rising disposable income levels. Consumers are increasingly seeking gender-fluid jewelry options, reflecting a broader societal trend towards inclusivity and diversity. This shift has opened up new opportunities for growth and expansion in the jewelry industry. The rise of fashion jewelry and rising disposable incomes have also contributed to the growth of the market. The rise of online retail platforms has made luxury jewelry more accessible to consumers, contributing to the inclusive growth of the market. The increasing demand for precious gemstones and the focus on innovations in the industry, such as lab-created diamonds, are also driving the growth of the luxury jewelry market.
Asia Pacific region to witness Luxury Jewelry market growth over the forecast period
The Asia-Pacific region, led by key players like Tanishq, Malabar Gold and Diamonds, Qeelin, and Wallace Chan, has the largest market share in the global luxury jewelry market. This is due to the latest designs, high-quality demand, and advanced technology integration. China and India are the top markets, with a significant role in the value chain. The region’s focus on visual appeal, social media influence, and internet browsing has contributed to its growth. The region is also experiencing a surge in online distribution channels, catering to evolving consumer preferences. The demand for luxury jewelry is expected to rise due to economic growth, changing consumer lifestyles, and appreciation for luxury goods.
Instant access is available by downloading your exclusive sample copy of the report right now!
Luxury Jewelry Market Segmentation
By Product Type
By Application
By Distribution Channel
Luxury Jewelry Market key players include
Key questions answered in the Luxury Jewelry Market are:
Key Offerings:
Stellar Market Research is leading Consumer Goods & Services firm, has also published the following reports:
Alpaca apparel and accessories Market: The total market size was valued at USD 717.9 Bn in 2023 and is expected to reach USD 1175.6 Bn by 2030, at a CAGR of 7.3 percent. Rising Popularity of Luxury Fibers driving the Alpaca apparel and accessories market growth.
Luxury Goods Market: The total market size was valued at USD 447.63 Mn. in 2023 and the total luxury goods revenue is expected to grow by 4.1 percent from 2023 to 2029, reaching USD 593.02 Mn. The emergence of technology embedded products driving the luxury goods market.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Media ContactCompany Name: STELLAR MARKET RESEARCHContact Person: L GodageEmail: Send EmailPhone: +91 9607365656 Address: S.no.8, h.no. 4-8 Pl.7/4, Kothrud Pinnac Memories Fl. No. 3, Kothrud, Pune, Pune, Maharashtra, 411029City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.stellarmr.com/report/Luxury-Jewelry-Market/1835