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The gems and jewelry market size will grow by USD 103.06 billion during 2019-2023. This report offers an analysis of the market based on the distribution channel (offline and online). The gems and jewelry market research report further present in-depth insights into the growth prospects of the market across APAC, Europe, North America, MEA, and South America. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including CHOW TAI FOOK JEWELLERY GROUP LIMITED, Compagnie Financiere Richemont SA, LVMH, Rajesh Exports, Signet Jewelers Limited, and TIFFANY & CO.
Below are some of the key findings from the gems and jewelry market analysis report
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Innovation in terms of design and manufacturing technology is one of the primary factors that will trigger the growth of the global gems and jewelry market in the upcoming years. The demand for personalized jewelry is growing among customers, as it allows them to select their desired designs and further customize their jewelry by adding gemstones and other precious stones. Vendors are using advanced technology such as laser technology and induction technology to fulfill these requirements. Similarly, various designers are also using innovative 3D printers that use the Rapid Prototyping (RP) technology to review the design concepts, which help them in understanding the requirements and complexity in the manufacturing of any jewelry designs. The adoption of advanced technologies will drive the growth of the global gems and jewelry market at a CAGR of almost 7% during the forecast period.
Furthermore, various e-commerce players across the world are focusing on developing a platform based on augmented reality technology. This platform will not only help the customers to virtually try the jewelry but also help them decide the perfect product match according to their need and look. Consequently, such developments will drive the demand for jewelry through the online distribution channel, and consecutively, stimulate the growth of the global gems and jewelry market.
The gems and jewelry market are moderately fragmented, and several manufacturers across the world are continuously focusing on entertainment media partnerships for their product marketing. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this gems and jewelry industry analysis report will allow the clients to assess the market potential and design innovative strategies for strengthening their position in the market.
The report offers a complete analysis of several vendors including:
APAC will account for the largest share of the gems and jewelry market during the forecast period. The rising economic growth, expanding middle-class population base, and the growing number of players operating in this region are the key reasons that will drive the growth of the gems and jewelry market.
The offline segment will account for the highest growth in the global gems and jewelry market during the forecast period because of the vast increase in organized retailing such as specialty stores, hypermarkets, supermarkets, and department stores.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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