According to the report, The online jewelry market is poised to grow by $ 19.88 bn during 2020-2024 progressing at a CAGR of 15% from 2021 to 2028. The major driver for the online jewelry market is the increasing demand for luxury jewelry in developing economies, and particularly in India and China. High disposable incomes contribute to this demand, causing an upswing in consumption, particularly of premium and branded products. The increasing number of women joining the workforce has also driven a rise in the consumption of exclusive gold investments. The rise extends to young female consumers who are fast becoming trendsetters in fashion circles. Online shopping portals help these customers stay on top of trends, as well as giving them the option to purchase coveted pieces instantly with fast delivery and attractive financing options
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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global ONLINE JEWELRY industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.
Impact of COVID-19
The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Online Jewelry market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend
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Some of the major Online Jewelry players holding highest market share include CHANEL Ltd., Chopard Group, Chow Tai Fook Jewellery Co. Ltd., Compagnie Financière Richemont SA. These players use new product development as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• CHANEL Ltd.
• Chopard Group
• Chow Tai Fook Jewellery Co. Ltd.
• Compagnie Financière Richemont SA
• Graff Diamonds Ltd.
• Kering SA
• LVMH Moët Hennessy – Louis Vuitton
• Signet Jewelers Ltd.
• The Swatch Group Ltd.
• Titan Co. Ltd
Market Segment By Product with focus on market share, consumption trend, and growth rate of ONLINE JEWELRY Market:
• Fine jewelry
• fashion jewelry
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Global Online Jewelry Geographic Coverage:
• North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
• Latin America
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of MEA
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This release was published on openPR.