Below are some of the key findings from the imitation jewelry market research report
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Global imitation jewelry industry overview
The rise in prices of gold and silver jewelry is one of the key driving factors for the growth of global imitation jewelry market. Gold and silver are the two key metals used in jewelry. Gold and silver prices have increased over the last decade due to an increase in demand and limited supply. The considerable increase in the consumption of gold and silver jewelry, purchase of gold against volatility are key factors contributing to the market’s growth. Factors such as currency fluctuation, noteworthy depletion of gold and silver resources, supply and demand imbalance, geopolitical factors, and various other economic aspects are contributing towards the rise in gold and silver prices. These factors, coupled with the emergence of the fashion conscious population, growth in disposable income and ease and safety in carrying imitation jewelry while traveling are boosting sales in the global imitation jewelry market
Increasing adoption of 3D printing in jewelry market is identified as an emerging trend that will gain prominence during the predicted period. 3D printing is expanding its application across various industries. Currently, 3D printing has significantly penetrated the aerospace, automotive, consumer products, dental and medical industries. 3D printing is becoming popular in the manufacturing of imitation jewelry models. As a result, the increasing adoption of 3D printing is expected to drive the global imitation jewelry market. These factors will propel the market to grow at a CAGR of over 7% during the forecast period.
Top imitation jewelry companies covered in this market research report
The imitation jewelry market is moderately fragmented with key market players focusing on offering tailor-made products to cater to the rising consumer preferences for customized jewelry. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this imitation jewelry industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Gianni Versace
- Kering
- LVMH
- NEW AVON
- TIFFANY & CO
Imitation jewelry market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. Factors including the increase in overall population, rapid urbanization, and growing popularity of imitation jewelry will lead the APAC region to continue gaining the largest share in the market.
Imitation jewelry market segmentation based on distribution channel
- Offline
- Online
The offline distribution segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various distribution channel segments to the growth of the imitation jewelry market size.
Key highlights of the global imitation jewelry market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the imitation jewelry market during the next five years
- Precise estimation of the global imitation jewelry market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the imitation jewelry industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of imitation jewelry companies
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