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U.S. Men's Metal Wedding Bands Market Size, Share & Trends Analysis Report By Material (Gold, Platinum, Diamond, Silver, Titanium), By Composition (Men, Women), By Distribution Channel, And Segment Forecasts, 2023 - 2030

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    Report

  • 68 Pages
  • April 2023
  • Region: United States
  • Grand View Research
  • ID: 5786726
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.

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

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. U.S. Men’s Metal Wedding Bands Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. U.S. Men’s Metal Wedding Bands Market: Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Behavior
4.4. Consumer Service Adoption Trends
4.5. Key Observations & Findings
Chapter 5. U.S. Men’s Metal Wedding Bands Market: Material Estimates & Trend Analysis
5.1. Material Movement Analysis & Market Share, 2022 & 2030
5.2. Gold
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Platinum
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Silver
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Titanium
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Cobalt
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.7. Tungsten
5.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.8. Others
5.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. U.S. Men’s Metal Wedding Bands Market: Composition Estimates & Trend Analysis
6.1. Composition Movement Analysis & Market Share, 2022 & 2030
6.2. Men
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Women
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. U.S. Men’s Metal Wedding Bands Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
7.2. 100% Precious Metal
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3. 100% Non-precious Metal
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4. Combination of Precious & Non-precious Metals
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2022 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include:
8.9.1. Frederick Goldman, Inc.
8.9.2. Moses Jewelers
8.9.3. Novell Design Studio
8.9.4. Benchmark Rings
8.9.5. Guertin Brothers
8.9.6. Avant Garde Jewelers
8.9.7. Absolute Titanium Designs
8.9.8. Cascadia Design Studio
8.9.9. Jewelry by Johan
8.9.10. STAGHEAD DESIGNS
List of Tables
1. U.S. men’s metal wedding bands market estimates & forecast, by type (USD Million)
2. U.S. men’s metal wedding bands market estimates & forecast, by service provider (USD Million)
3. Recent developments & impact analysis, by key market participants
4. Company market share, 2022 (Value % Share)
List of Figures
1. U.S. men’s metal wedding bands market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Market Snapshot
7. Segment Snapshot
8. Competitive Landscape Snapshot
9. U.S. men’s metal wedding bands market - Industry value chain analysis
10. U.S. men’s metal wedding bands market dynamics
11. U.S. men’s metal wedding bands market: PORTER’s analysis
12. Factors affecting buying decision
13. U.S. men’s metal wedding bands market, by material: Key takeaways
14. U.S. men’s metal wedding bands market, by material: Market share, 2022 & 2030
15. U.S. men’s gold metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
16. U.S. men’s platinum metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
17. U.S. men’s diamond metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
18. U.S. men’s silver metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
19. U.S. men’s titanium metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
20. U.S. men’s cobalt metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
21. U.S. men’s tungsten metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
22. U.S. men’s other metal wedding bands market estimates & forecasts, 2017 - 2030 (USD Million)
23. U.S. men’s metal wedding bands market, by composition: Key takeaways
24. U.S. men’s metal wedding bands market, by composition: Market share, 2022 & 2030
25. U.S. men’s metal wedding bands market estimates & forecasts, by 100% precious metal, 2017 - 2030 (USD Million)
26. U.S. men’s metal wedding bands market estimates & forecasts, by 100% Non-precious Metal, 2017 - 2030 (USD Million)
27. U.S. men’s metal wedding bands market estimates & forecasts, by combination of precious & non-precious metals, 2017 - 2030 (USD Million)
28. U.S. men’s metal wedding bands market, by distribution channel: Key takeaways
29. U.S. men’s metal wedding bands market, by distribution channel: Market share, 2022 & 2030
30. U.S. men’s metal wedding bands market estimates & forecasts, through national retail chains, 2017 - 2030 (USD Million)
31. U.S. men’s metal wedding bands market estimates & forecasts, through independent brick & mortar retail jewelry stores, 2017 - 2030 (USD Million)
32. U.S. men’s metal wedding bands market estimates & forecasts, through branded e-commerce marketers of non-precious men’s metal wedding bands, 2017 - 2030 (USD Million)
33. U.S. men’s metal wedding bands market estimates & forecasts, through non-branded websites, 2017 - 2030 (USD Million)

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