Jewelry Market Business Overview 2026
The global jewelry market is anticipated to witness immense growth backed by increasing consumer demands for gold commodities. Fortune Business Insights, in its latest report, titled “Jewelry Market Size, Share & Industry Analysis, By Product (Necklace, Rings, Earrings, Bracelet, Others) By Material Type (Gold, Platinum, Diamond, Others), By End-User (Men, Women) Others and Regional Forecast, 2019-2026.”, predicts healthy growth for the market during the forecast period.
Jewelry mostly consists of items such as bracelets, necklaces, brooches, rings, and other things adding to the sheen of the wearer. Jewelry is seen as a status symbol across several economies. Furthermore, jewelry such as gold serves as a lucrative investment option for many across the globe. In addition to this, it is considered a safe haven during financial crisis owing to the safe returns it provides to the people.
Jewelry increases the shine of the wearer during traditional festivals such as weddings, holy occasions, and other festivities. Increasing wedding ceremonies across the globe is expected to drive the growth of the market during the forecast period.
What Does the Report Include?
The market report includes detailed information on market trends such as the drivers, restraints, opportunities, and challenges the market will go through between 2019 and 2026. The regional analysis includes in-depth details for the market information comprising several regions contributing to the growth of the market in the forthcoming years.
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Furthermore, the competitive landscape identifies several business and growth opportunities for the companies operating in the market. Moreover, our research analyst using several research methodologies that will boost the growth of the market during the forecast period has obtained the data from trusted sources.
Drivers and Restraints:
Increasing Demand for Gold to Favor Growth
The jewelry sector is expected to receive a huge boost considering the adoption of western lifestyles by consumers across several economies. Furthermore, rising demands for new varieties in jewelry and the promotion of new designs by branded jewelers will boost the demand for the market in the forthcoming years. Moreover, gold playing a pivotal role in several economies across the globe is expected to drive the growth of the market.
For instance, India in Asia-Pacific contributes to over 29% of the global jewelry consumption. Increasing demand for gold will drive the growth of the market during the forecast period. Moreover, online sales of branded jewelry have gained ground for the growth of the market during the projected horizon.
Information source: https://www.fortunebusinessinsights.com/jewelry-market-102107