SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Online Jewelry - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 7; Released: April 2021 Executive Pool: 389 Companies: 97 - Players covered include Chow Tai Fook Jewellery Group Ltd.; Compagnie Financiere Richemont SA; Kering SA; LVMH Moet Hennessy - Louis Vuitton; Signet Jewelers Limited and Others. Coverage: All major geographies and key segments Segments: Segment (Online Fine Jewelry, Online Fashion Jewelry) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Online Jewelry Market to Reach $51.5 Billion by 2026Amid the COVID-19 crisis, the global market for Online Jewelry estimated at US$21.5 Billion in the year 2020, is projected to reach a revised size of US$51.5 Billion by 2026, growing at a CAGR of 15.5% over the analysis period. Online Fine Jewelry, one of the segments analyzed in the report, is projected to record a 16% CAGR and reach US$46.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online Fashion Jewelry segment is readjusted to a revised 14.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.5 Billion in 2021, While China is Forecast to Reach $9 Billion by 2026The Online Jewelry market in the U.S. is estimated at US$7.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9 Billion by the year 2026 trailing a CAGR of 14.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 13.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR ™Global Industry Analysts, Inc., ( www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.