COVID-19 Impacts: Rings Market Size Will Accelerate at a CAGR of Almost 7% Through 2020-2024 | Preference for Customized Jewellery Pieces to Boost
Technavio has been monitoring the rings market size and it is poised to grow by USD 45.26 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Frequently Asked Questions-Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of almost 7%, the market growth will accelerate in the forecast period.
- What is the YOY growth rate of the rings market for 2020?
- The year-over-year rate for 2020 is 6.25%
- What is the key factor driving the market?
- Preference for customized jewelry pieces is one of the key factors driving the market growth.
- Who are the top players in the market?
- CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Mo?t Hennessy - Louis Vuitton, Pandora AS, Rajesh Exports Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and Tiffany & Co. are some of the major market participants.
- Which region is expected to hold the highest market share?
- APAC
The market is concentrated, and the degree of concentration will accelerate during the forecast period. CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Mo?t Hennessy - Louis Vuitton, Pandora AS, Rajesh Exports Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and Tiffany & Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Preference for customized jewelry pieces has been instrumental in driving the growth of the market.
Rings Market 2020-2024: Segmentation
Rings Market is segmented as below:
- Distribution Channel
- Offline
- Online
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Rings Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our rings market size report covers the following areas:
- Rings Market size
- Rings Market trends
- Rings Market analysis
This study identifies the emerging application of augmented reality in the jewelry industry as one of the prime reasons driving the rings market growth during the next few years.
Rings Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the rings market, including some of the vendors such as CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financière Richemont SA, Kering SA, LVMH Mo?t Hennessy - Louis Vuitton, Pandora AS, Rajesh Exports Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and Tiffany & Co. Backed with competitive intelligence and benchmarking, our research reports on the rings market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.