Online Jewelry Market size to grow by USD 36.23 billion from 2022 to 2027; Growth driven by the innovation in jewelry design and technology

Apr 20, 2023

NEW YORK, May 29, 2023 /PRNewswire/ -- The online jewelry market size is estimated to increase by USD 36.23 billion, accelerating at a CAGR of 15.55% during the forecast. The growth of the market is driven by innovation in jewelry design and technology.

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Online Jewelry Market– Market dynamics

Leading drivers - Innovation in jewelry design and technology is the key factor driving the growth of the global online jewelry market. Evolving customer tastes and growing awareness of the availability of different jewelry designs and styles are also driving the purchase of modern designs. These factors push jewelry makers to offer a wide range of jewelry in many collections to attract new customers.

Key trends - Rising sales of fashion jewelry through specialty and fashion e-retailers are the primary trend in the global online jewelry market growth. Specialty retailers selling fashion jewelry enter an online platform to expand their reach and customer base. Additionally, the risks associated with inventory management (or maintaining his SKUs at scale) for fine jewelry are higher than for fashion jewelry.

Major challenges - Customer preference for physical jewelry stores is a major challenge to the growth of the global online jewelry market. Price-sensitive customers in emerging markets prefer to buy expensive jewelry offline. Additionally, buying fine jewelry often takes time, so customers prefer to spend time in offline fine jewelry stores before making a purchase.

In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market!

Online Jewelry Market - Customer landscapeTo help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteria

Adoption rates

Adoption lifecycle

Drivers of price sensitivity

Online Jewelry Market– Vendor Analysis

Some of the major online jewelry market vendors are:

CHANEL Ltd.

Chow Tai Fook Jewellery Group Ltd.

Compagnie Financiere Richemont SA

Hermes International SA

Kalyan Jewellers India Ltd.

Kering SA

Le petit fils de L.U. Chopard and Cie SA

Luk Fook Holdings International Ltd.

LVMH Moet Hennessy Louis Vuitton SE

Malabar Gold and Diamonds

Signet Jewelers Ltd.

The Swatch Group Ltd.

Titan Co. Ltd.

Hstern Jewellery Ltd.

Pandora Jewelry LLC

The online jewelry market is fragmented, with the presence of several global as well as regional vendors. The degree of fragmentation will accelerate during the forecast period.

Vendor offerings -

chanel.com- The company offers jewelry such as necklace, rings, earrings through their online platform.

chowtaifook.com- The company offers jewelry such as rings, earrings, bands, pendants through their online platform.

richemont.com- The company offers jewelry under its brand Van Cleef and Arpels through their online platform.

graff.com- The company offers jewelry such as rings, necklace, timepieces through their online platform.

hermes.com- The company offers jewelry such as rings, bands, braelets through their online platform.

For Details on the vendor and its offerings – Buy the report!

Online Jewelry Market- Segmentation Assessment

The online jewelry market is segmented as below:

Type

Product Type

Region

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 Download a Sample Report

Technavio's analysis of the online jewelry market also includes:

CAGR of the market during the forecast period 2023-2027

Detailed information on factors that will drive online jewelry market growth during the next five years

Precise estimation of the online jewelry market size and its contribution to the parent market

Accurate predictions on upcoming trends and changes in consumer behavior

The growth of the online jewelry market industry across

A thorough analysis of the market's competitive landscape

Comprehensive details of factors that will challenge the growth of online jewelry market

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Online Jewelry Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.55%

Market growth 2023-2027

USD 36.23 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

15.1

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, Canada, China, India, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financiere Richemont SA, Graff Diamonds Ltd., Hermes International SA, Kalyan Jewellers India Ltd., Kering SA, Le petit fils de L.U. Chopard and Cie SA, Luk Fook Holdings International Ltd., LVMH Moet Hennessy Louis Vuitton SE, Malabar Gold and Diamonds, Signet Jewelers Ltd., The Swatch Group Ltd., Titan Co. Ltd., Hstern Jewellery Ltd., Pandora Jewelry LLC, PC Jeweller Ltd., Riddles Group Inc., Stuller Inc., and Swarovski AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global online jewelry market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Product type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Fine jewelry - Market size and forecast 2022-2027

6.4 Fashion jewelry - Market size and forecast 2022-2027

6.5 Market opportunity by Type

7 Market Segmentation by Product Type

7.1 Market segments

7.2 Comparison by Product Type

7.3 Rings - Market size and forecast 2022-2027

7.4 Earrings - Market size and forecast 2022-2027

7.5 Necklaces - Market size and forecast 2022-2027

7.6 Bangles - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by Product Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 APAC - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Canada - Market size and forecast 2022-2027

9.11 UK - Market size and forecast 2022-2027

9.12 India - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 CHANEL Ltd.

12.4 Chow Tai Fook Jewellery Group Ltd.

12.5 Compagnie Financiere Richemont SA

12.6 Graff Diamonds Ltd.

12.7 Hermes International SA

12.8 Kalyan Jewellers India Ltd.

12.9 Kering SA

12.10 Le petit fils de L.U. Chopard and Cie SA

12.11 LVMH Moet Hennessy Louis Vuitton SE

12.12 Malabar Gold and Diamonds

12.13 Pandora Jewelry LLC

12.14 PC Jeweller Ltd.

12.15 Signet Jewelers Ltd.

12.16 The Swatch Group Ltd.

12.17 Titan Co. Ltd.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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