Download
1 / 6
60 likes | 63 Vues
The rising prices of gold and silver jewelry, rapid urbanization, and the increasing adoption of e-commerce platforms are the significant factors responsible for the growth of the costume jewelry market size.
E N D
This report researches and evaluates the impact of COVID-19 outbreak on the market, including potential opportunities and challenges, drivers, and risks associated with the market. We present a detailed assessment of market growth based on numerous scenarios.
Market Overview The market report offers a detailed analysis of the market size, regional and country-level market size, segmentation, market growth, market share, competitive landscape, and the impact of domestic and global leading players.
Market Drivers The rising prices of gold and silver jewelry, rapid urbanization, and the increasing adoption of e-commerce platforms are the significant factors responsible for the growth of the costume jewelry market size. In the present digital scenario, e- commerce is considered as the most reliable platforms to purchase affordable and user-friendly jewelry. Online platforms offer a wide range of jewelry that could be found at a particular retail store. Additionally, the customers can easily view the jewelry from any place such as the workplace, home, or while in transit. Fashion brands on the e-commerce platform provide a better price, international designs, and patterns, lab certification, and offers easy payment gateways, which is encouraging the consumers towards the market for costume jewelry. Continuous advancements in technology have surged the adoption of e-commerce platforms among customers as they can easily ask their queries, which are addressed by automated chatbots and can track and monitor delivery status. Therefore, the increasing adoption of e-commerce platform is further surging the market growth.
As compared to the past decade, urbanization is increasing rapidly. Currently, the urban population mainly consists of youth, working individuals, including a large number of working women. With the changing economic status, the lifestyle of individuals has significantly changed. They are influenced by television shows, fashion bloggers, social media, and other channels, hence wearing trendy clothes and accessories is increasing in the market. Hence, it becomes challenging for economic class people to afford expensive ornaments, particularly in nations such as India, where wearing jewelry items is highly preferred.
About GMI Research GMIResearch is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, andcompetitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to helping businesses stay ahead of the curve.
