Global Costume Jewelry Market Report 2021-2027: Augmented Reality Brings in a Revolution in Jewelry Shopping
Dublin, Aug. 30, 2021 (GLOBE NEWSWIRE) -- The "Costume Jewelry - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Costume Jewelry Market to Reach $40.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Costume Jewelry estimated at US$32.6 Billion in the year 2020, is projected to reach a revised size of US$40.6 Billion by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027.
Necklaces, Bracelets, & Chains, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$17.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rings segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.8 Billion, While China is Forecast to Grow at 5.9% CAGR
The Costume Jewelry market in the U.S. is estimated at US$8.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.
Ear Rings Segment to Record 3.6% CAGR
In the global Ear Rings segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.1 Billion in the year 2020 will reach a projected size of US$6.4 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.6 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Costume Jewelry - A Lucrative Segment of Fashion Industry
Recent Market Activity
Market Outlook
Developing Countries to Drive Future Growth
A Snapshot on Market Characteristics
Apparel Purchases Influence Choice of Costume Jewelry
Seasonality and Demographics Promote Demand
Ever Green Costume Jewelry
Jewelry Market - An Overview
Trade Statistics
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 64 Featured)
Avon Products, Inc. (UK)
BaubleBar (USA)
Buckley London (UK)
Chanel SA (France)
GIANNI VERSACE S.p.A (Italy)
Giorgio Armani S.p.A (Italy)
Gucci Group NV (Italy)
Guess, Inc. (USA)
Halcyon Days (UK)
H & M Hennes & Mauritz AB (Sweden)
H. Stern S.A (Brazil)
K&M Accessories (USA)
LVMH Moet Hennessy - Louis Vuitton (France)
PANDORA A/S (Denmark)
PRADA (Italy)
Roman Research, Inc. (USA)
Swarovski Group (Austria)
Zara (Spain)
3. MARKET TRENDS & DRIVERS
Bold Jewelry - An Overriding Trend of Late
Technology Brings About a Transformation of the Jewelry Industry
Fashion Meets Functionality with Wearable Technology
Select Fashionable Wearable Techs
Augmented Reality Brings in a Revolution in Jewelry Shopping
Luxury Brands Woo Customers with High-End Costume Jewelry
Fashion Trends Dictate New Jewelry Designs
Blending Metals And Materials - An ongoing Trend
Self- Purchasing Spurs Lifestyle Brands to Offer Costume Jewelry
3D Printing Simplifies Jewelry Making
Costume Jewelry Makers Turn to New Materials
Favorable Demographic Trends Spur Market Opportunities
Women - The Largest Consumer Base
Rising Working Women Population Boosts Demand for High End Costume Jewelry
Men Embrace Costume Jewelry
Teen Population: A Lucrative Demographic Segment
Growing Middle Class Population to Promote Market Expansion
Improving Standards of Living in Developing Countries
Consumer Spending and Economic Scenario
Artificial Jewelry Raises Environmental/Health Concerns
Heavy Metal Contamination Continues to Remain a Cause for Concern
Channels of Distribution
Branding
Brick & Mortar Stores Continue to be a Major Draw for Costume Jewelry Sales
Online Retailing Emerges Major Growth Driver for Fashion Accessories Market
Ranking of Factors Influencing Online Purchase Decision
Increasing Penetration of Mobile Phones Drives M-Commerce
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/95q9dd
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900