Global Online Jewelry Market growing at a CAGR of 13.8% from 2023 to 2030
Category : Consumer Goods | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the global online jewelry market is growing with a CAGR of 13.8% and is expected to reach USD 113,146.29 million in 2030 from USD 40,391.94 million in 2022.
The report highlights the growing e-commerce market that is driving the demand for online Jewelry. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the online jewelry market.
Global Online Jewelry Market By Overview
The online jewelry market is bifurcated into type, product type, material, end users, and distribution channel. Based on type, the market is segmented into fine jewelry and fashion jewelry. The type segment is categorized into fine jewelry and fashion jewelry. In 2022, the fine jewelry segment accounted for the highest market share in the overall online jewelry market. The product type segment is categorized into necklaces & pendants, rings, earrings, bracelets, brooches, and others. In 2022, earrings segment accounted for the highest market share in the online jewelry market. The material segment is classified into diamond, gold, platinum, silver, gemstones, and others. In 2022, gold segment accounted for the highest market share in the online jewelry market. The end users segment is bifurcated into men and women. In 2022, women segment accounted for the highest market share in the online jewelry market. The distribution channel is segmented into company-owned websites and e-commerce websites. In 2022, the e-commerce websites segment accounted for the highest market share in the overall online jewelry market.
Get Free SampleMarket Dynamics
Driver:
- The improvement of online interfaces has augmented the demand for online jewelry.
- Social media and influencer marketing is fostering the online jewelry market growth.
Restraints:
- Authenticity concerns for high-value purchases is likely to deter the demand for online jewelry.
Opportunity:
- Rapidly growing mobile commerce and app-based shopping will aid to surge in the demand for online jewelry.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Fine Jewelry and Fashion Jewelry |
| By Product Type | Necklaces & Pendants, Rings, Earrings, Bracelets, Brooches, and Others |
| By Materials | Diamond, Gold, Platinum, Silver, Gemstones, and Others |
| By End-User | Men and Women |
| By Distribution Channel | Company-Owned Websites and E-Commerce Websites |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Harry Winston, Inc., Pandora, CARTIER, and Swarovski have a strong market position in current market circumstances. Further, the online jewelry market is expected to witness significant growth in the coming years due to the rising disposable income among consumers and the technological advancements in online shopping. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- T&CO.
- Harry Winston, Inc.
- De Beers Forevermark
- Pandora
- CARTIER
- Le Petit-fils de L.U. Chopard & Cie S.A.
- Swarovski
- Pomellato S.p.A.
- HStern
- GRAFF
- RENAISSANCE GLOBAL LIMITED
