The rings market is forecasted to grow by USD 35.86 bn during 2023-2028, accelerating at a CAGR of 8.35% during the forecast period. The report on the rings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for wedding rings, growing interest in custom rings, and preference for premium rings among end-users.
Technavio's rings market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.81%
CAGR
8.35%
Incremental Value
$35.86bn
By Distribution Channel
Offline
Online
By End-user
Women
Men
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the emerging application of AR in jewelry industry as one of the prime reasons driving the rings market growth during the next few years. Also, increasing focus on ring designs inspired by different cultures and growing focus of vendors on brand endorsement will lead to sizable demand in the market.
The report on the rings market covers the following areas:
Rings market sizing
Rings market forecast
Rings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading rings market vendors that include Brilliant Earth LLC, Charles and Colvard Ltd., Compagnie Financiere Richemont SA, David Yurman Enterprises LLC, GIVA Jewellery, The LVMH group, Malabar Gold and Diamonds, Pandora Jewelry LLC, PC Jeweller Ltd., ROBBINS BROS., Swarovski AG, Tata Sons Pvt. Ltd., The Swatch Group Ltd., Tiffany and Co, Chow Tai Fook Jewellery Co. Ltd., and Signet Jewelers Ltd.. Also, the rings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global rings market 2018 - 2022
4.2 Distribution channel Segment Analysis 2018 - 2022
4.3 End-user Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Distribution Channel
6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
6.4 Online - Market size and forecast 2023-2028
6.5 Market opportunity by Distribution Channel
7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Women - Market size and forecast 2023-2028
7.4 Men - Market size and forecast 2023-2028
7.5 Market opportunity by End-user
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 North America - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028