LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global online jewelry market to grow at a CAGR of close to 16% during the forecast period, according to their latest market research report.
Personalization and customization of jewelry is one of the major trends being witnessed in the global online jewelry market 2018-2022. Customers have specific fashion choices and demand due to which the concept of personalization and customization of jewelry is trending in the market. Players provide personalized services for all kinds of fine and fashion jewelry like rings, pendants, bracelets, earrings, necklaces, and chains.
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According to Technavio analysts, one of the key factors contributing to the growth of the global online jewelry market is the innovation in jewelry design and technology:
Global online jewelry market: Innovation in jewelry design and technology
Factors such as product line innovations through design and technology integration play an important role in the online sales of jewelry. Jewelry manufacturers are further emphasizing on widening their range of jewelry collection, extension of product assortments, and online visibilities through the incorporation of numerous new jewelry collections that have innovative designs.
According to a senior analyst at Technavio for research on retail goods and services, “Companies such as Bulgari and Zales are some of the established and popular global brands.”
Global online jewelry market: Segmentation analysis
The global online jewelry market research report provides market segmentation by product (fine jewelry and fashion jewelry) and by region (the Americas, EMEA, and APAC).
The fine jewelry segment held the largest market share in 2017, accounting for nearly 74% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of more than 40% of the market share. The market share occupied by this region is anticipated to increase during 2018-2022.
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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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