Costume Jewellery Market Forecast and Trends Analysis Research Report 2020-2027

Costume Jewellery Market Insights:

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Costume Jewellery Market:

Louis Vuitton
Cartier SA
Sabika, Inc.
Silgan Azuli Skye
Premier Designs Inc.
Yanbal
Park Lane Jewelry
Silpada Designs Inc.
Stella & Dot Llc
Lulu Avenue

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The key drivers of the Costume Jewellery Market are as follows:

Some of the major factors driving the growth of the global costume jewelry market include rapid urbanization, rising prices of gold and silver jewelry, and the growing adoption of e-commerce platforms. In the present digital scenario, e-commerce is one of the most reliable platforms for buying affordable and user-friendly jewelry. Online platforms offer a large range of jewelry that could be found at a particular retail store. Furthermore, the customers can easily view a wide range of jewelry in the comfort of their home, workplace, or while in transit. Fashion brands on the e-commerce platform provide international designs and patterns, a better price, lab certification, and offer easy payment gateways, attracting many customers. Online platforms offer additional comfort to customers compared to the retail stores, including exclusive discounts, doorstep delivery, free trial, and easy to return or exchange policies. Advancements in technology have fuelled the adoption of e-commerce platforms among customers as they can ask their queries, which are addressed by automated chatbots, and can track and monitor delivery status. Thus, the increasing adoption of e-commerce platform is fuelling the growth of the market.

In comparison to the past decade, urbanization is growing rapidly. Presently, the urban population consists of working individuals, youth, including a large number of working women. Owing to the change in economic status, the lifestyle of individuals has completely changed. They are influenced by television shows, social media, fashion bloggers, and others; hence, wearing clothes and accessories is becoming one of the rising trends in the market. Thus, it becomes difficult for economic class people to afford expensive ornaments, particularly in India, where wearing jewelry items is preferred. Hence, the requirement and demand for costume jewelry are rising rapidly.

The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

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Segmentation of the Costume Jewellery Market:

Breakup by Product:

Necklaces & Chains
Earrings
Rings
Cufflinks & studs
Bracelets
Others

Breakup by Gender:

Male
Female

Breakup by Sales Channel:

Retail Sale
Online Sale

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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