The costume jewelry market has significantly benefited from the economic growth in the Asia-Pacific and LAMEA regions. Rise in living standards, and growing fashion consciousness are expected to boost the market growth. Presently, costume jewelry are high in demand among corporate people, working women, teenagers, and working population owing to affordability and increasing demand of men costume jewelry.
Advancements in online marketing trends and increase in use of digital media for product marketing are the key factors contributing to the growth of the global costume jewelry industry. Increase in adoption of technologically advanced techniques and colorful stones for artificial jewelry would contribute to the growth of e-commerce websites for imitation jewelries. However, fluctuating raw material prices and strict trade laws are some of the major factors that could hamper the market growth.
The report segments the global costume jewelry market on the basis of product type, gender, mode of sale and geography. Based on the type of the product, the market is categorized into necklaces & chains, rings, earrings, bracelets, cufflinks & studs, and others. Among these products, the necklaces & chains and bracelets segments are majorly in demand and hold a combined share of around 44% in global costume jewelry market. The mode of sale comprises of retail and online sale, where retail mode is further classified into brand outlets, boutiques, multi-brand stores, and specialty stores. Customers majorly prefer the retail mode of sale while buying jewelry. However, online medium for the purchase of costume and imitation jewelry is observed to be a rising trend among them. Online sales channel is expected to grow at the highest CAGR of 7.7% during the forecast period.
Key players profiled in the report are Buckley London, Avon Product Inc., Swank, Inc., Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, Inc., BaubleBar Inc., Giorgio Armani S.p.A, and Stuller, Inc.
This report provides an in-depth analysis of the global costume jewelry market to elucidate the potential investment pockets.
The current trends and future scenarios are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market.
This report provides information regarding key drivers, restraints, and opportunities along with their detailed impact analysis.
Quantitative analysis of the current market trends and future estimations for 20142022 are provided to indicate the financial competency.
Porters Five Forces Model of the industry illustrate the potency of the buyers and suppliers.
Costume Jewelry Market Key Segments
By Product Type
Necklaces & Chains
Cufflinks & studs
Others (Brooches, pendants, anklets, pins)
By Mode of Sale
Rest of Europe
Rest of Asia-Pacific
Key Market Players
Avon Product Inc.
Billig Jewelers, Inc.
Giorgio Armani S.p.A
Other Companies Mentioned in the Report
The Colibri Group
H. Stern Com. & Ind. S.A.
Yurman Design, Inc.
Gianni Versace S.p.A.
Gucci Group NV
H & M Hennes & Mauritz AB
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pocket
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Moderate threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. High competitive rivalry
3.4. MARKET PLAYER POSITIONING, 2015
3.5. MARKET DYNAMICS
220.127.116.11. Growing online sales
18.104.22.168. Changing jewelry styles and attractive marketing strategies
22.214.171.124. Growing fashion consciousness
126.96.36.199. High prices of gold and silver jewelries
188.8.131.52. Import and trade laws
184.108.40.206. Lack of durability
220.127.116.11. Inclination towards automation
18.104.22.168. Increasing demand for artificial jewelry products
CHAPTER 4 COSTUME JEWELRY MARKET, BY PRODUCT TYPE
4.1.1. Market size and forecast
4.2. NECKLACES & CHAINS
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
4.6. CUFFLINKS & STUDS
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast
4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast
CHAPTER 5 COSTUME JEWELRY MARKET, BY GENDER
5.1.1. Market size and forecast
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6 COSTUME JEWELRY MARKET, BY MODE OF SALE
6.1.1. Market size and forecast
6.2. RETAIL SALE
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
22.214.171.124. Brand outlets
126.96.36.199. Concept stores
6.3. ONLINE SALE
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
CHAPTER 7 COSTUME JEWELRY MARKET, BY REGION
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
188.8.131.52. United Kingdom
184.108.40.206. Rest of Europe
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
220.127.116.11. Rest of Asia-Pacific
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
18.104.22.168. South Africa
CHAPTER 8 COMPANY PROFILES
8.1. AVON PRODUCT INC.
8.1.1. Company overview
8.1.2. Business performance
8.1.3. Operating business segments
8.1.4. Key strategic moves & developments
8.2. BUCKLEY LONDON
8.2.1. Company overview
8.2.2. Business performance
8.2.3. Operating business segments
8.2.4. Key strategic moves & developments
8.3. SWANK, INC.
8.3.1. Company overview
8.3.2. Business performance
8.3.3. Operating business segments
8.3.4. Key strategic moves & developments
8.4.1. Company overview
8.4.2. Business performance
8.4.3. Operating business segments
8.4.4. Key strategic moves & developments
8.5. LOUIS VUITTON
8.5.1. Company overview
8.5.2. Business performance
8.5.3. Operating business segments
8.5.4. Key strategic moves & developments
8.6. DCK CONCESSIONS
8.6.1. Company overview
8.6.2. Business performance
8.6.3. Operating business segments
8.6.4. Key strategic moves & developments
8.7. BILLIG JEWELERS, INC.
8.7.1. Company overview
8.7.2. Business performance
8.7.3. Operating business segments
8.7.4. Strategic moves and developments
8.8. BAUBLEBAR INC.
8.8.1. Company overview
8.8.2. Business performance
8.8.3. Operating business segments
8.8.4. Key strategic moves & developments
8.9. GIORGIO ARMANI S.P.A
8.9.1. Company overview
8.9.2. Business performance
8.9.3. Operating business segments
8.9.4. Key strategic moves & developments
8.10. STULLER, INC.
8.10.1. Company overview
8.10.2. Business performance
8.10.3. Operating business segments
8.10.4. Key strategic moves & developments
The market is driven by factors such as low-maintence cost, growing fashion consciousness, rising prices of gold & diamond jewelry, and affordability of costume jewelries. However, fluctuating costs of raw materials, lack of durability of jewelry item, and stringent import & trade laws are the constraints for the market growth.
The global costume jewelry market is categorized based on the type of product into necklaces & chains, rings, earrings, bracelets, cufflinks & studs, and others. Necklaces & chains segment generated a higher revenue in 2015, and is expected to domite the market throughout the forecast period. Increase in use of artificial jewelry such as necklaces and chains in bridal wear, daily wear, and fashion wear is expected to boost the market growth.
The global costume jewelry market is segmented based on gender into male and female consumers. Female consumers segment generated the highest revenue in 2015, constituting more than 64% of the total market by value and maintain its domince during the forecast period. The male consumers segment is expected to exhibit significant growth with improvement in mens jewelry designs, growing demand for wedding rings, and rising preference for corporate dressing. Other factors driving the male costume jewelries market are growing fashion awareness and inclition towards piercing and tattooing orment on their bodies.
The global costume jewelry market is categorized based on the mode of sale into retail sales channel and online sales channel. Retail sales channels include brand outlets, physical stores, departmental stores, retail shops, and flagship stores. The segment contributed largest revenue in 2015, constituting around 86% of the total costume jewelry market. However, the online sales segment is anticipated to grow at the highest CAGR during the forecast period owing to improvements in various digital platforms and increasing e-commerce websites.
The demand for imitation jewelry is growing at a steady pace. The market has witnessed a steady increase in the demand for costume jewelries, globally, every year.. However, the adoption is faster in Asia-Pacific and LAMEA. With the increasing penetration of artificial jewelry among males and females, especially for the products such as rings, earrings, and bracelets, costume jewelry manufacturers are now targeting developing tions such as India and Chi as the potential markets. Growing population, rising disposable income, and improving economic conditions are the key factors fueling the market growth in these regions.
Chi is one of the top three exporters of costume jewelry in the world, as it is a cost-effective manufacturing hub with a large base of manufacturers. Many of the companies shifted their manufacturing base from Western countries to the East, and especially to Chi owing to the low cost of labor and operations. This scerio is expected to result in paradigm shift in the industry increasing focus on product innovation & differentiation rather than lost-cost product offerings and streamlining distribution channels.
The global costume jewelry market is highly fragmented with both small and large players as well as other small brands and local non-branded products. LOUIS VUITTON, Avon Products, Inc., BaubleBar Inc., and Buckely London are key companies in the global costume jewelry market.
North America accounted for the major share in the global costume jewelry industry in 2015, and is expected to maintain its domince throughout the forecast period, owing to growing demand for imitation jewelry items and increase in imports in U.S. Asia-Pacific is projected to grow at the highest rate in the near future, owing to increasing adoption of inexpensive artificial jewelry items, growing fashion consciousness, and rising purchasing power of consumers.
Key findings of the Costume Jewelry Market
The rings segment is expected to grow at the highest CAGR of 8.8% from 2014 to 2022.
U.S. accounted for the largest customer base in the North American costume jewelry market in 2015, and is anticipated to domite the market throughout the forecast period.
The online mode of sale segment is expected to grow at a highest CAGR of 7.7%
The male consumers segment is expected to grow at a highest CAGR of 7.6% during the forecast period.
The key players profiled in the report are Buckley London, Avon Product Inc., Swank, Inc., Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, Inc., BaubleBar Inc., Giorgio Armani S.p.A, and Stuller, Inc. Market players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the market.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.