The U.S. men’s metal wedding bands market size is anticipated to reach USD 1.44 billion by 2030., expanding at a CAGR of 4.1% from 2023 to 2030. A rise in the number of proposals and couples getting married in the country has had a positive effect on the U.S. men’s metal wedding bands market. The U.S. will witness more weddings in 2022 in comparison to any other year according to a report published by Wedding Report. The report estimated that 2.5 million weddings are predicted to happen in 2022 since many individuals rescheduled their wedding dates in the last two years.
The COVID-19 pandemic forced couples to have intimate wedding events while some were not able to have a wedding at all. However, since the easing of restrictions. The average costs incurred on weddings have reached the pre-pandemic levels. In 2022, a large number of couples are getting married and are likely to spend more on their wedding-related activities and wedding jewelry. Thus, increased expenditure on weddings and jewelry acts as a demand-driving factor for the men’s metal wedding band market in the U.S
Based on material. The U.S. men’s metal wedding band can be segmented into gold, platinum, diamond, silver, titanium, cobalt, tungsten, and others. Gold is considered the most popular metal for men’s wedding bands in the U.S. Additionally, gold is considered timeless and is associated with luxury, due to which this material segment is expected to lead the U.S. market. However, due to distinctive characteristics like durability and wear resistance, metals like tungsten and platinum have also gained popularity over the years.
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The COVID-19 pandemic forced couples to have intimate wedding events while some were not able to have a wedding at all. However, since the easing of restrictions. The average costs incurred on weddings have reached the pre-pandemic levels. In 2022, a large number of couples are getting married and are likely to spend more on their wedding-related activities and wedding jewelry. Thus, increased expenditure on weddings and jewelry acts as a demand-driving factor for the men’s metal wedding band market in the U.S
Based on material. The U.S. men’s metal wedding band can be segmented into gold, platinum, diamond, silver, titanium, cobalt, tungsten, and others. Gold is considered the most popular metal for men’s wedding bands in the U.S. Additionally, gold is considered timeless and is associated with luxury, due to which this material segment is expected to lead the U.S. market. However, due to distinctive characteristics like durability and wear resistance, metals like tungsten and platinum have also gained popularity over the years.
U.S. Men’s Metal Wedding Bands Market Report Highlights
- By material, gold led the market and accounted for a 30.1% share of the total revenue in 2022. According to an engagement ring poll by Ringspo in 2021, white gold was the most popular option for wedding rings/bands, with more than 60% of respondents choosing it for their ring/band in the U.S.
- 100% Precious Metal segment accounted for the largest share of 53.6% in 2022, in terms of revenue. Sales of 100% precious metals such as gold, silver, and platinum have increased in the U.S.
- The popularity of engagement rings has also gained impetus in the LGBTQ+ community. For instance, according to a market survey, by EraGem in 2019, stated that 90% of the same-sex couples who participated desired to wear an engagement ring
- 40% of both men and women stated that they desired a diamond engagement ring. Meanwhile, 30% of males surveyed preferred to wear just a band, while 30% of women preferred a gemstone other than a diamond
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Men’s Metal Wedding Bands Market Variables, Trends & Scope
Chapter 4. U.S. Men’s Metal Wedding Bands Market: Consumer Behavior Analysis
Chapter 5. U.S. Men’s Metal Wedding Bands Market: Material Estimates & Trend Analysis
Chapter 6. U.S. Men’s Metal Wedding Bands Market: Composition Estimates & Trend Analysis
Chapter 7. U.S. Men’s Metal Wedding Bands Market: Distribution Channel Estimates & Trend Analysis
Chapter 8. Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
- Frederick Goldman, Inc.
- Moses Jewelers
- Novell Design Studio
- Benchmark Rings
- Guertin Brothers
- Avant Garde Jewelers
- Absolute Titanium Designs
- Cascadia Design Studio
- Jewelry by Johan
- STAGHEAD DESIGNS
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 68 |
| Published | April 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.05 Billion |
| Forecasted Market Value ( USD | $ 1.44 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
