COVID-19 Impacts: Rings Market Will Accelerate at a CAGR of Almost 7% Through 2020-2024 | Preference for Customized Jewellery Pieces to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Rings Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the rings market and it is poised to grow by USD 45.26 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what rate is the market projected to grow during the forecast period 2020-2024?
  • Growing at a CAGR of almost 7%, the market growth will accelerate in the forecast period.
  • What is the YOY growth rate of the rings market for 2020?
  • The year-over-year rate for 2020 is 6.25%
  • What is the key factor driving the market?
  • Preference for customized jewelry pieces is one of the key factors driving the market growth.
  • Who are the top players in the market?
  • CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Pandora AS, Rajesh Exports Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and Tiffany & Co. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • APAC

The market is concentrated, and the degree of concentration will accelerate during the forecast period. CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Pandora AS, Rajesh Exports Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and Tiffany & Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Preference for customized jewelry pieces has been instrumental in driving the growth of the market.

Rings Market 2020-2024: Segmentation

Rings Market is segmented as below:

  • Distribution Channel
    • Offline
    • Online
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40696

Rings Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our rings market report covers the following areas:

  • Rings Market size
  • Rings Market trends
  • Rings Market analysis

This study identifies the emerging application of augmented reality in the jewelry industry as one of the prime reasons driving the rings market growth during the next few years.

Rings Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the rings market, including some of the vendors such as CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Pandora AS, Rajesh Exports Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and Tiffany & Co. Backed with competitive intelligence and benchmarking, our research reports on the rings market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Rings Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist rings market growth during the next five years
  • Estimation of the rings market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the rings market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of rings market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Value chain analysis
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing focus of vendors on brand endorsement
  • Emerging application of augmented reality in jewelry industry
  • Increasing preference for ring designs inspired by different cultures

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • CHANEL Ltd.
  • Chow Tai Fook Jewellery Group Ltd.
  • Compagnie Financière Richemont SA
  • Kering SA
  • LVMH Moët Hennessy - Louis Vuitton
  • Pandora AS
  • Rajesh Exports Ltd.
  • Signet Jewelers Ltd.
  • The Swatch Group Ltd.
  • Tiffany & Co.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Rings Market will grow by USD 45.26 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/