Watches and Jewelry Market was valued at USD 350 Billion in 2022 and is projected to reach USD 640 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
The global watches and jewelry market demonstrated a robust valuation of approximately $350 billion in 2022. This market has exhibited a compound annual growth rate (CAGR) of about 5.5% from 2022 to 2027. The growth trajectory is largely driven by increasing disposable incomes, changing consumer preferences towards luxury items, and the expansion of e-commerce platforms that offer greater access to high-end products. Additionally, there is a notable shift towards personalized and sustainable jewelry, reflecting a growing demand for unique and ethically sourced items. The market is poised for further expansion as digital innovation and a rising trend of premiumization continue to influence consumer behavior.
Emerging markets present significant opportunities for growth within the watches and jewelry sector. Regions such as Asia-Pacific and Latin America are experiencing rapid economic development, leading to increased consumer spending on luxury goods. The burgeoning middle class and higher rates of urbanization in these areas are contributing to a rising demand for both high-end and everyday luxury accessories. Moreover, advancements in digital technology and the increasing popularity of online shopping are opening new avenues for market players to engage with a global audience. This growth potential in emerging markets underscores a promising outlook for the sector, with significant opportunities for expansion and investment.
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De Beers
PJSC ALROSA
Cartier
Jacob&Co.
Burberry Group
LVMH
KERING
Richemont Group
Signet Jewelers
Harry Winston
Inc.
Hstern
Pandora Inc
Graff
MIKIMOTO
Swatch Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Watches and Jewelry Market
E-Commerce
Offline
Based on Types the Market is categorized into Below types that held the largest Watches and Jewelry market share In 2023.
Watches
Jewelry
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Watches and Jewelry Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Watches and Jewelry Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Watches and Jewelry Market, By Type
6. Global Watches and Jewelry Market, By Application
7. Global Watches and Jewelry Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Watches and Jewelry Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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