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Global Jewelry and Silverware Manufacturing Market to reach USD 350.54 billion by the end of 2030.

Global Jewelry and Silverware Manufacturing Market Size study & Forecast, by Type (Jewelry, Silverware), by End User (Men, Women), by Distribution Channel (Online Stores, Specialty Stores, Hypermarkets, Other) and Regional Analysis, 2023-2030

Product Code: OIRIME-54170010
Publish Date: 5-12-2023
Page: 200

Global Jewelry and Silverware Manufacturing Market is valued at approximately USD 210.22 billion in 2022 and is anticipated to grow with a CAGR of more than 6.6% over the forecast period 2023-2030. Jewelry and silverware manufacturing is a specialized industry that involves the production of various types of jewelry, such as rings, necklaces, bracelets, and earrings, as well as silverware items like cutlery, serving utensils, and decorative objects. This industry combines traditional craftsmanship with modern technology to create intricate and valuable items. The Jewelry and Silverware Manufacturing market is expanding because of factors such as rising household disposable income and growing urbanization. As a result, the demand of Jewelry and Silverware Manufacturing has progressively increased in the international market during the forecast period 2023-2030.

Consumers with greater disposable income may be willing to invest in customized or personalized jewelry and silverware, which can be more expensive. This can lead to a rise in orders for unique, made-to-order pieces. With more disposable income, consumers may be more comfortable making online purchases of high-value items. This can expand the market for jewelry and silverware, particularly for online retailers. According to the Statista in 2023, the United States boasted the highest gross adjusted per capita household disposable income among OECD countries in 2021, reaching approximately USD 62,335 Luxembourg ranked second with around USD 51,465, closely followed by Australia in third place. According to United Nations Population Fund (UNFPA) in 2022, The world experiencing an unprecedented surge in urban expansion. With over half of the global population already residing in urban areas, this figure is projected to rise to approximately 5 billion by 2030. Most of this urbanization occurs in Africa and Asia, leading to significant societal, economic, and environmental changes on a large scale. The growth of the population primarily pertains to the expansion of urban populations. According to projections by the United Nations, an estimated 1.5 billion number of individuals are anticipated to become urban residents and an additional 3 billion number of individuals by the year 2050. However, counterfeit & imitation products and changing consumer preferences is going to hamper the growth of the market. Furthermore, the growing e-commerce market and growing fashion industry fuel the market space.

The key regions considered for the Global Jewelry and Silverware Manufacturing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific region has emerged as the dominant region for global jewelry and silverware manufacturing due to factors such as skilled labor and craftsmanship, low production costs, and an extensive supply chain network. The region’s rich heritage of jewelry craftsmanship, coupled with lower production costs and access to affordable raw materials, enabled manufacturers to excel in intricate production processes. Moreover, Asia Pacific region is the fastest-growing region in the global jewelry and silverware market for reasons such as the rising middle class and increased disposable income that has led to higher consumer spending on luxury goods such as jewelry. Also changing consumer preferences towards unique and culturally inspired designs have fueled demand for locally crafted jewelry in the region.

Major market player included in this report are:
Louis Vuitton SE
Compagnie Financière Richemont S.A.
Tiffany & Co.
Pandora A/S
Berkshire Hathaway Inc.
The Swatch Group Ltd
Christian Dior SE
Kering SA
James Avery Craftsman, Inc
Rajesh Exports Ltd
Recent Developments in the Market:
Ø In April 2023, Mikoto, following an extensive rebranding effort, unveiled March, a new silver jewelry brand poised for its next phase of growth. March aims to deliver fine silver jewelry of impeccable design and craftsmanship while maintaining affordable prices. This brand has been specifically developed to cater to the needs of contemporary women seeking comfortable, versatile silver jewelry suitable for both everyday wear and special occasions.
Ø In June 2022, FORMULA 3D, led by Christian Tse, announced its collaboration with DESKTOP METAL to introduce the official launch of 3D printing technology for 925 sterling silver jewelry. This partnership aims to provide jewelry and luxury goods manufacturers with an expedited method to directly 3D print a diverse range of high quality products, including jewelry, watches, belt buckles, and decorative hardware for handbags. The platform offers an efficient solution to produce these items, revolutionizing the manufacturing process in the industry.

Global Jewelry and Silverware Manufacturing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End User, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By End User:

By Distribution Channel:
Online Stores
Specialty Stores

By Region:
North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Jewelry and Silverware Manufacturing Market, by Region, 2020-2030 (USD Billion)
1.2.2. Jewelry and Silverware Manufacturing Market, by Type, 2020-2030 (USD Billion)
1.2.3. Jewelry and Silverware Manufacturing Market, by End User, 2020-2030 (USD Billion)
1.2.4. Jewelry and Silverware Manufacturing Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Jewelry and Silverware Manufacturing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Jewelry and Silverware Manufacturing Market Dynamics
3.1. Jewelry and Silverware Manufacturing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising Household Disposable Income Growing Urbanization
3.1.2. Market Challenges Counterfeit & Imitation Products Changing Consumer Preferences
3.1.3. Market Opportunities Growing E-Commerce Market Growing Fashion Industry
Chapter 4. Global Jewelry and Silverware Manufacturing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Jewelry and Silverware Manufacturing Market, by Type
5.1. Market Snapshot
5.2. Global Jewelry and Silverware Manufacturing Market by Type, Performance – Potential Analysis
5.3. Global Jewelry and Silverware Manufacturing Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Jewelry and Silverware Manufacturing Market, Sub Segment Analysis
5.4.1. Jewelry
5.4.2. Silverware
Chapter 6. Global Jewelry and Silverware Manufacturing Market, by End User
6.1. Market Snapshot
6.2. Global Jewelry and Silverware Manufacturing Market by End User, Performance – Potential Analysis
6.3. Global Jewelry and Silverware Manufacturing Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Jewelry and Silverware Manufacturing Market, Sub Segment Analysis
6.4.1. Men
6.4.2. Women
Chapter 7. Global Jewelry and Silverware Manufacturing Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Jewelry and Silverware Manufacturing Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Jewelry and Silverware Manufacturing Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Jewelry and Silverware Manufacturing Market, Sub Segment Analysis
7.4.1. Online Stores
7.4.2. Specialty Stores
7.4.3. Hypermarkets
7.4.4. Other
Chapter 8. Global Jewelry and Silverware Manufacturing Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Jewelry and Silverware Manufacturing Market, Regional Market Snapshot
8.4. North America Jewelry and Silverware Manufacturing Market
8.4.1. U.S. Jewelry and Silverware Manufacturing Market Type breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Jewelry and Silverware Manufacturing Market
8.5. Europe Jewelry and Silverware Manufacturing Market Snapshot
8.5.1. U.K. Jewelry and Silverware Manufacturing Market
8.5.2. Germany Jewelry and Silverware Manufacturing Market
8.5.3. France Jewelry and Silverware Manufacturing Market
8.5.4. Spain Jewelry and Silverware Manufacturing Market
8.5.5. Italy Jewelry and Silverware Manufacturing Market
8.5.6. Rest of Europe Jewelry and Silverware Manufacturing Market
8.6. Asia-Pacific Jewelry and Silverware Manufacturing Market Snapshot
8.6.1. China Jewelry and Silverware Manufacturing Market
8.6.2. India Jewelry and Silverware Manufacturing Market
8.6.3. Japan Jewelry and Silverware Manufacturing Market
8.6.4. Australia Jewelry and Silverware Manufacturing Market
8.6.5. South Korea Jewelry and Silverware Manufacturing Market
8.6.6. Rest of Asia Pacific Jewelry and Silverware Manufacturing Market
8.7. Latin America Jewelry and Silverware Manufacturing Market Snapshot
8.7.1. Brazil Jewelry and Silverware Manufacturing Market
8.7.2. Mexico Jewelry and Silverware Manufacturing Market
8.8. Middle East & Africa Jewelry and Silverware Manufacturing Market
8.8.1. Saudi Arabia Jewelry and Silverware Manufacturing Market
8.8.2. South Africa Jewelry and Silverware Manufacturing Market
8.8.3. Rest of Middle East & Africa Jewelry and Silverware Manufacturing Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Louis Vuitton SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Compagnie Financière Richemont S.A.
9.3.3. Tiffany & Co.
9.3.4. Pandora A/S
9.3.5. Berkshire Hathaway Inc.
9.3.6. The Swatch Group Ltd
9.3.7. Christian Dior SE
9.3.8. Kering SA
9.3.9. James Avery Craftsman, Inc.
9.3.10. Rajesh Exports Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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