Global Imitation Jewelry Market- Industry Analysis and forecast 2027
Posted by rahul on December 28th, 2020
Global Imitation Jewelry Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ xx Mn.
Global Imitation Jewelry Market
Global Imitation Jewelry Market Overview:
Imitation Jewelry refers to jewelry made from cheap metals and gemstones. Imitation jewelry is primarily made up of low-cost metals such as brass, nickel, sterling silver, steel, silver or gold plated. It also contains gemstones such as Lucite and rhinestone. As the expense of purchasing gemstones, diamonds and solid gold is steep when it comes to matching jewelry pieces for various occasions and outfits, customers are buying imitation jewelry to strike a balance between trendy looks and keeping budgets. Imitation jewelry is a copy of fine jewelry, but it costs considerably less.
The market for imitation jewelry is expected to grow at a high rate during the forecast period thanks to increasing demand. The key drivers of growth for the imitation jewelry industry are the rapid globalization of brands, growing prices for gold and other precious stones and pearls, and increasing demand for male costume jewelry. Some of the main challenges facing the imitation jewelry industry include rising raw material costs and the overall subtle fashion jewelry market. The unorganized supply chain of raw materials used in costume jewelry often serves as a major restrain for the industry as it often raises the price of raw materials.
By region, North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is the adoption by manufacturers in North America of precision engineering practices with an emphasis on accuracy and durability in the manufacture of products has resulted in an increase in the region's use of Imitation Jewelry. The Asia Pacific region is projected to register the fastest growth rate in the target market due to the presence of large industrial bases for electronic production in China, Japan, Korea and digitalizing the infrastructure in the region.
Global Imitation Jewelry Market1
The objective of the report is to present a comprehensive analysis of the Global Imitation Jewelry Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Global Imitation Jewelry Market, By Sales Channel
• Necklaces & chains
• North America
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About the Authorrahul
Joined: November 26th, 2020
Articles Posted: 107
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