Jewelry And Watch Stores Market Analysis: Major Players, Lucrative Segments And Top Geographies
6 Jul, 2023
The global jewellery and watch stores market size is expected to grow from $160 billion in 2022 to $169.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global jewellery and watch stores market is expected to reach $200.65 billion in 2027 at a CAGR of 4.3%.
Global Jewelry And Watch Stores Market Key Driver
The rising growth in buying jewellery for a higher return on investment (ROI) is expected to propel the growth of the jewellery and watch store market going forward. Jewellery is any piece of decoration that individuals wear on their bodies, such as a necklace, bracelet, ring, or earring. When purchasing jewels and watches, consumers are increasingly choosing corporate stores that are ethical, value diversity, and have a strong brand presence both online and offline, which will drive demand for the jewellery and watch store industry.
Get a sample of the global jewelry and watch stores market reportGlobal Jewelry And Watch Stores Market Segments
The global jewelry and watch stores market is segmented:
1) By Product: Necklace, Ring, Earrings, Bracelet, Other Products
2) By Category: Branded, Unbranded
3) By Material Type: Silver, Gold, Platinum, Diamond, Other Materials
4) By Price Range: Low Range, Mid-range, Luxury
5) By End-User: Women, Men, Unisex
6) By Geography: The regions covered in the jewelry and watch stores market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global jewelry and watch stores market.
Major Jewelry And Watch Stores Industry Players
LVMH Group, Pandora's Art Jewellery, Swarovski, The Swatch Group Ltd, Fossil Group Inc., Seiko Holdings Corporation, Rolex, Casio America Inc., Buccellati, Cartier SA, Malabar Gold & Diamonds, SHR Jewelry Group, Bucherer AG, Tiffany & Co. , Patek Philippe SA
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Jewelry And Watch Stores Market Overview
Jewellery and watch stores refer to an establishment or firm that is involved in the process of buying or selling jewellery and watches. They are engaged in providing various services such as remodelling, and repair for various types of jewellery and watches.
Jewelry And Watch Stores Global Market Report 2023 provides data on the global jewelry and watch stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The jewelry and watch stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.