LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global online jewelry market is expected to accelerate at a CAGR of almost 16% during the forecast period. Innovation in jewelry design and technology is one of the key factors triggering the growth of the market.
This research report titled ‘Global Online Jewelry Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global online jewelry market into the following products:
- Fine jewelry
- Fashion jewelry
In 2017, the fine jewelry segment accounted for 74% of the global market and is projected to reach 76% by 2022, exhibiting almost 2% increase in market share.
Global online jewelry market: Top emerging trend
Increased adoption of omnichannel distribution is an emerging trend in the jewelry space. Vendors are integrating their offline-online presence by implementing the omnichannel strategy in their business models to expand their customer base and increase their revenue. Changing customer shopping patterns, evolving online purchasing behavior, and the rise in the number of digitally driven customers, especially millennial population, are encouraging jewelry manufacturers to shift toward online retailing. Jewelry brands such as Signet Jewelers, TITAN, Tiffany and Co., LVMH, and Richemont have taken to the online platform and have adopted omnichannel distribution.
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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Online Global Online Jewelry Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (fine jewelry and fashion jewelry)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Chow Tai Fook Jewellery Company, Kering, LVMH, Richemont, and Signet Jewelers)
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