Asia-Pacific Gems and Jewelry Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Asia-Pacific Gems and Jewelry Market Size- By Product Type, By Material, By Distribution Channel, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: FMCG2477 | Pages: 1 - 156 | Formats*: |
| Category : Consumer & Retail | |||
Asia-Pacific Gems and Jewelry Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Gems and Jewelry Market is estimated to reach USD XX Billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Asia-Pacific Gems and Jewelry Market, including market size and trends, product mix, applications, and supplier analysis. Gems and jewellery are ornamental objects manufactured from precious materials. Gems are pieces of jewellery fashioned from a rock, mineral, or petrified substance that have been cut and polished to create a stunning appearance. Rings, earrings, necklaces, pendants, and bracelets are examples of jewellery. Gems and jewellery enhance beauty while also symbolising money, power, and position. Furthermore, gems are employed in spiritual activities and rituals to replenish energy fields, achieve tranquilly, and encourage love, safety, and bodily healing. For others, jewellery is a kind of art for self-expression and creativity, as well as a component of tradition and culture.
Market Opportunities and Challenges
The increasing usage of advanced technologies such as rapid prototyping (RP) and computer-aided design (CAD) for merging 3D printing into jewellery is creating market potential. Furthermore, the increased emphasis on producing new and inventive designs to meet consumers' dynamic demand is creating prospects for market expansion. Opportunities include increasing exports, using internet retail, and tapping into India's booming gem and jewellery market.
Asia Pacific is the world's largest jewellery market, dominated by China and India, which are major consumers with significant processing and manufacturing businesses. Symbolic jewellery is extremely popular in Asian countries and parts of Europe. India's jewellery market is among the world's largest, with a wide range of options from both organised and unorganised sectors. With the move to Western lifestyles, branded jewellers are more able to respond to changing consumer demands than regional firms. Rising incomes, notably in India, help to boost sales, particularly in the fine jewellery category. The region's rich cultural legacy, talented artisans, and competitive advantages in manufacturing and trade all help to fuel the expansion of the Asia Pacific jewellery market.
The high cost of producing gems and jewellery is expected to impede the market during the forecast period. The creation of custom-designed gems and jewellery necessitates highly specialised skills, meticulous attention to detail, and ongoing efforts. Furthermore, the equipment and technology required for developing jewellery or diamonds increase production costs. The high cost of producing jewellery and stones is expected to restrict the market. Another element that can impede market expansion is the presence of domestic or local manufacturers, each with their own pricing strategy for gems and jewellery. In key locations, gems and jewellery are manufactured and purchased locally; as a result, the pricing of jewellery and materials varies according to the strategies used by local manufacturers. The various pricing tactics used by local manufacturers are expected to have an impact on market growth in the coming years.
Market Competitive Landscape
The major key players in the Asia-Pacific Gems and Jewelry Market are: Burberry Group plc, Chanel Limited, Chow Tai Fook Group, Compagnie Financière Richemont S.A., D. Swarovski KG, Giorgio Armani S.p.A., Hare Krishna Exports Pvt Ltd, Kering S.A., LVMH Moët Hennessy Louis Vuitton, Prada S.p.A., Rajesh Exports, Ralph Lauren Corporation, Titan Company Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Material, By Distribution Channel, By Application |
| Regions covered | Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand, Rest of Asia |
| Companies Covered | Burberry Group plc, Chanel Limited, Chow Tai Fook Group, Compagnie Financière Richemont S.A., D. Swarovski KG, Giorgio Armani S.p.A., Hare Krishna Exports Pvt Ltd, Kering S.A., LVMH Moët Hennessy Louis Vuitton, Prada S.p.A., Rajesh Exports, Ralph Lauren Corporation, Titan Company Limited, Others |
COVID-19 Impact on Asia-Pacific Gems and Jewelry Market
The COVID-19 epidemic impacted market growth. Disruptions in the supply chain and a downturn in demand in non-essential industries slowed market growth. Furthermore, celebrations, marriages, and other events where jewellery is in great demand were either postponed or held in low-key settings, which dampened demand for the jewellery. However, the market has begun to recover quickly as a result of eased COVID-19 regulations and a slowing of virus spread throughout worldwide regions.
Key Target Audience:
- Consumers (individuals, buyers, collectors)
- Jewelry retailers
- Jewelry designers and manufacturers
- Gemstone miners and dealers
- Luxury goods retailers
- Wholesale distributors
- Online jewelry platforms
- Wedding and event planners
- Others
Our in-depth analysis of the Asia-Pacific Gems and Jewelry Market includes the following segments:
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Key Topics Covered in the Report:
- Asia-Pacific Gems and Jewelry Market Size (FY’2024-FY’2033)
- Overview of Asia-Pacific Gems and Jewelry Market
- Segmentation of Asia-Pacific Gems and Jewelry Market By Product Type (Bracelets, Brooches, Chains and Pendants, Cufflinks, Earrings, Hair Accessories, Necklaces, Rings, Others)
- Segmentation of Asia-Pacific Gems and Jewelry Market By Material (Brass, Bronze, Copper, Diamond, Gemstones, Gold, Palladium, Platinum, Silver, Titanium, Others)
- Segmentation of Asia-Pacific Gems and Jewelry Market By Distribution Channel (Convenience Stores, Jewelry Stores, Multi Branded Stores, Online, Standalone)
- Segmentation of Asia-Pacific Gems and Jewelry Market By Application (Birthdays, Collections, Fashions, Festive Blessing, Graduations, Religious holidays, Weddings, Others)
- Statistical Snap of Asia-Pacific Gems and Jewelry Market
- Expansion Analysis of Asia-Pacific Gems and Jewelry Market
- Problems and Obstacles in Asia-Pacific Gems and Jewelry Market
- Competitive Landscape in the Asia-Pacific Gems and Jewelry Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Gems and Jewelry Market
- Details on Current Investment in Asia-Pacific Gems and Jewelry Market
- Competitive Analysis of Asia-Pacific Gems and Jewelry Market
- Prominent Players in the Asia-Pacific Gems and Jewelry Market
- SWOT Analysis of Asia-Pacific Gems and Jewelry Market
- Asia-Pacific Gems and Jewelry Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia-Pacific Gems and Jewelry Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Gems and Jewelry Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Gems and Jewelry Market
7. Asia-Pacific Gems and Jewelry Market, By Product Type (USD Million)
7.1. Asia-Pacific Gems and Jewelry Market Value Share and Forecast, By Product Type, 2024-20337.2. Bracelets7.3. Brooches7.4. Chains and Pendants7.5. Cufflinks7.6. Earrings7.7. Hair Accessories7.8. Necklaces7.9. Rings7.10. Others
8. Asia-Pacific Gems and Jewelry Market, By Material (USD Million)
8.1. Asia-Pacific Gems and Jewelry Market Value Share and Forecast, By Material, 2024-20338.2. Brass8.3. Bronze8.4. Copper8.5. Diamond8.6. Gemstones8.7. Gold8.8. Palladium8.9. Platinum8.10. Silver8.11. Titanium8.12. Others
9. Asia-Pacific Gems and Jewelry Market, By Distribution Channel (USD Million)
9.1. Asia-Pacific Gems and Jewelry Market Value Share and Forecast, By Distribution Channel, 2024-20339.2. Convenience Stores9.3. Jewelry Stores9.4. Multi Branded Stores9.5. Online9.6. Standalone
10. Asia-Pacific Gems and Jewelry Market, By Application (USD Million)
10.1. Asia-Pacific Gems and Jewelry Market Value Share and Forecast, By Application, 2024-203310.2. Birthdays10.3. Collections10.4. Fashions10.5. Festive Blessing10.6. Graduations10.7. Religious holidays10.8. Weddings10.9. Others
11. Asia-Pacific Gems and Jewelry Market Forecast, 2020-2033 (USD Million)
11.1. Asia-Pacific Gems and Jewelry Market Size and Market Share
12. Asia-Pacific Gems and Jewelry Market, By Product Type, 2020-2033 (USD Million)
12.1. Asia-Pacific Gems and Jewelry Market Size and Market Share By Product Type (2020-2026)12.2. Asia-Pacific Gems and Jewelry Market Size and Market Share By Product Type (2027-2033)
13. Asia-Pacific Gems and Jewelry Market, By Material, 2020-2033 (USD Million)
13.1. Asia-Pacific Gems and Jewelry Market Size and Market Share By Material (2020-2026)13.2. Asia-Pacific Gems and Jewelry Market Size and Market Share By Material (2027-2033)
14. Asia-Pacific Gems and Jewelry Market, By Distribution Channel, 2020-2033 (USD Million)
14.1. Asia-Pacific Gems and Jewelry Market Size and Market Share By Distribution Channel (2020-2026)14.2. Asia-Pacific Gems and Jewelry Market Size and Market Share By Distribution Channel (2027-2033)
15. Asia-Pacific Gems and Jewelry Market, By Application, 2020-2033 (USD Million)
15.1. Asia-Pacific Gems and Jewelry Market Size and Market Share By Application (2020-2026)15.2. Asia-Pacific Gems and Jewelry Market Size and Market Share By Application (2027-2033)
16. Asia-Pacific Gems and Jewelry Market, By Region, 2020-2033 (USD Million)
16.1. Asia-Pacific Gems and Jewelry Market Size and Market Share By Region (2020-2026)16.2. Asia-Pacific Gems and Jewelry Market Size and Market Share By Region (2027-2033)16.3. Australia16.4. China16.5. India16.6. Indonesia16.7. Japan16.8. Malaysia16.9. Philippines16.10. Singapore16.11. Thailand16.12. Rest Of Asia
17. Company Profile
17.1. Burberry Group plc17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Chanel Limited17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Chow Tai Fook Group17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Compagnie Financière Richemont S.A.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. D. Swarovski KG17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Giorgio Armani S.p.A.17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Hare Krishna Exports Pvt Ltd17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Kering S.A.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. LVMH Moët Hennessy Louis Vuitton17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Prada S.p.A.17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Rajesh Exports17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Ralph Lauren Corporation17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments
17.13. Titan Company Limited
17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered Burberry Group plc, Chanel Limited, Chow Tai Fook Group, Compagnie Financière Richemont S.A., D. Swarovski KG, Giorgio Armani S.p.A., Hare Krishna Exports Pvt Ltd, Kering S.A., LVMH Moët Hennessy Louis Vuitton, Prada S.p.A., Rajesh Exports, Ralph Lauren Corporation, Titan Company Limited, Others
The increasing usage of advanced technologies such as rapid prototyping (RP) and computer-aided design (CAD) for merging 3D printing into jewellery is creating market potential.
Asia-Pacific Gems and Jewelry Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Asia-Pacific Gems and Jewelry Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Asia-Pacific Gems and Jewelry Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Asia-Pacific Gems and Jewelry Market size is XX billion from 2024 to 2033.
Asia-Pacific Gems and Jewelry Market Segment is covered By Product Type, By Material, By Distribution Channel, By Application.
The Asia-Pacific is anticipated to have the highest market share in the Asia-Pacific Gems and Jewelry Market.
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