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Home » Reports » Wedding Ring Market Report | Global Forecast To 2028
Report ID: 1481853300 Consumer Goods 377249 Pages4.6(50)
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Market Overview:
The global wedding ring market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for diamond wedding rings, rising income levels, and growing trend of online shopping. In terms of type, the platinum wedding ring segment is expected to hold the largest share in the global wedding ring market during the forecast period. This can be attributed to its properties such as durability and scratch resistance.
Product Definition:
A wedding ring is a ring worn by a woman during her wedding ceremony. It is usually made of gold and symbolizes the eternal nature of the marriage bond.
Platinum Wedding Ring:
Platinum wedding ring is a traditional and modern day symbol of married life. It's not only a fashion statement but also signifies the financial stability of the wearer. As per studies, it has been observed that women who have platinum wedding rings are more likely to be financially stable than those who wear gold or silver ones (as per The Atlantic).
It has been observed that women with platinum rings tend to make more money than those with gold or silver bands (The Atlantic).
Gold Wedding Ring:
Gold wedding ring is a tradition which was started in India. It is believed that gold wedding rings have the power to protect married couples from evil spirits and bad influences. Gold has always been associated with wealth, luxury, and splendor; therefore it symbolizes high class and status among all the metals. The color of gold also represents purity since it's not alloyed with any other metal like silver.
Application Insights:
The online store application segment dominated the global wedding ring market in 2017, accounting for more than 60.0% share of the total revenue. The rising number of e-commerce companies and increasing consumer preference for buying products through online stores are some of the major factors driving the segment growth. Furthermore, a growing number of jewelry stores offering wedding rings through e-commerce is also expected to have a positive impact on industry growth over the forecast period.
The chain store application segment accounted for more than 31.0% share in 2017 and is expected to witness significant growth over the next six years owing to increasing popularity among women as well as men's fashion trends towards wearing matching sets including engagement rings and wedding bands together as one unit from different brands or types displaying similar designs are likely to boost product demand significantly across all channels leading up until 2030 when compared with other applications where consumers usually buy single pieces only such as retail shops or their local jewelers which mainly operate within their respective countries only i.
Regional Analysis:
Asia Pacific dominated the global wedding ring market in 2017. The region is expected to continue its dominance over the next eight years. This can be attributed to increasing disposable income, rising population of working millennials, and growing online shopping trend across emerging economies such as China and India. Furthermore, a significant rise in wedding ceremonies has also contributed significantly towards regional growth. According to The National Statistical Office of China (NBS), around 34% of marriages took place in Chinese cities from 2010 to 2015 which was an increase from 29% between 2000 and 2010. Moreover, according to Ministry Of Foreign Affairs (MoFA) data published on January 2016 by Singapore Ministry Of Foreign Affairs; it was estimated that there were 7 million Indian brides who had married before coming here which is approximately 14%.
Growth Factors:
- Increasing disposable income of couples: The wedding ring market is expected to grow as the disposable income of couples increases. This is because couples are more likely to spend money on luxury items such as wedding rings when they have more money available.
- Rising demand for custom-made rings: There is a growing demand for custom-made wedding rings, as consumers want rings that are unique and reflect their personal style. This trend is expected to contribute to the growth of the wedding ring market in the coming years.
- Growing popularity of destination weddings: Destination weddings are becoming increasingly popular, and this is benefiting the wedding ring market as well. Couples who get married away from home often choose special and unique rings to commemorate their big day.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wedding Ring Market Research Report
By Type
Platinum Wedding Ring, Gold Wedding Ring, Diamond Wedding Ring, Others,
By Application
Online Store, Chain Store, Others,
By Companies
Cartier, Tiffany, Laofengxiang, Chow Tai f*ck, Chow Sang Sang, Lukf*ck, Mingr, LVMH, Chowtaiseng, Harry Winston, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Wedding Ring Market Report Segments:
The global Wedding Ring market is segmented on the basis of:
Types
Platinum Wedding Ring, Gold Wedding Ring, Diamond Wedding Ring, Others,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Store, Chain Store, Others,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cartier
- Tiffany
- Laofengxiang
- Chow Tai f*ck
- Chow Sang Sang
- Lukf*ck
- Mingr
- LVMH
- Chowtaiseng
- Harry Winston
- CHJ
- I DO
- CHJD
- Yuyuan
- David Yurman
- TSL
- Van Cleef&Arpels
- Charles & Colvard
Highlights of The Wedding Ring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Platinum Wedding Ring
- Gold Wedding Ring
- Diamond Wedding Ring
- Others
- By Application:
- Online Store
- Chain Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wedding Ring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
What is Wedding Ring?
A wedding ring is a band of metal, typically gold or platinum, worn on the finger as an indication of marriage.
Who are the key players in the wedding ring market?
Some of the major companies in the wedding ring market are Cartier, Tiffany, Laofengxiang, Chow Tai f*ck, Chow Sang Sang, Lukf*ck, Mingr, LVMH, Chowtaiseng, Harry Winston, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard.
At what CAGR, the wedding ring market is projected to grow?
The wedding ring market is expected to grow at a compound annual growth rate of 5.5%.
1.ExecutiveSummary
2.AssumptionsandAcronymsUsed
3.ResearchMethodology
4.WeddingRingMarketOverview
4.1.Introduction
4.1.1.MarketTaxonomy
4.1.2.MarketDefinition
4.2.Macro-EconomicFactors
4.2.1.IndustryOutlook
4.3.WeddingRingMarketDynamics
4.3.1.MarketDrivers
4.3.2.MarketRestraints
4.3.3.Opportunity
4.3.4.MarketTrends
4.4.WeddingRingMarket-SupplyChain
4.5.GlobalWeddingRingMarketForecast
4.5.1.WeddingRingMarketSize(US$Mn)andY-o-YGrowth
4.5.2.WeddingRingMarketSize(000Units)andY-o-YGrowth
4.5.3.WeddingRingMarketAbsolute$Opportunity5.GlobalWeddingRingMarketAnalysisandForecastbyType
5.1.MarketTrends
5.2.Introduction
5.2.1.BasisPointShare(BPS)AnalysisbyType
5.2.2.Y-o-YGrowthProjectionsbyType
5.3.WeddingRingMarketSizeandVolumeForecastbyType
5.3.1.PlatinumWeddingRing
5.3.2.GoldWeddingRing
5.3.3.DiamondWeddingRing
5.3.4.Others
5.4.Absolute$OpportunityAssessmentbyType
5.5.MarketAttractiveness/GrowthPotentialAnalysisbyType6.GlobalWeddingRingMarketAnalysisandForecastbyApplication
6.1.MarketTrends
6.2.Introduction
6.2.1.BasisPointShare(BPS)AnalysisbyApplication
6.2.2.Y-o-YGrowthProjectionsbyApplication
6.3.WeddingRingMarketSizeandVolumeForecastbyApplication
6.3.1.OnlineStore
6.3.2.ChainStore
6.3.3.Others
6.4.Absolute$OpportunityAssessmentbyApplication
6.5.MarketAttractiveness/GrowthPotentialAnalysisbyApplication7.GlobalWeddingRingMarketAnalysisandForecastbySalesChannel
7.1.MarketTrends
7.2.Introduction
7.2.1.BasisPointShare(BPS)AnalysisbySalesChannel
7.2.2.Y-o-YGrowthProjectionsbySalesChannel
7.3.WeddingRingMarketSizeandVolumeForecastbySalesChannel
7.3.1.Manufacturer/Distributor/ServiceProvider
7.3.2.Aftermarket
7.4.Absolute$OpportunityAssessmentbySalesChannel
7.5.MarketAttractiveness/GrowthPotentialAnalysisbySalesChannel8.GlobalWeddingRingMarketAnalysisandForecastbyRegion
8.1.MarketTrends
8.2.Introduction
8.2.1.BasisPointShare(BPS)AnalysisbyRegion
8.2.2.Y-o-YGrowthProjectionsbyRegion
8.3.WeddingRingMarketSizeandVolumeForecastbyRegion
8.3.1.NorthAmerica
8.3.2.LatinAmerica
8.3.3.Europe
8.3.4.AsiaPacific
8.3.5.MiddleEastandAfrica(MEA)
8.4.Absolute$OpportunityAssessmentbyRegion
8.5.MarketAttractiveness/GrowthPotentialAnalysisbyRegion
8.6.GlobalWeddingRingDemandShareForecast,2019-20269.NorthAmericaWeddingRingMarketAnalysisandForecast
9.1.Introduction
9.1.1.BasisPointShare(BPS)AnalysisbyCountry
9.1.2.Y-o-YGrowthProjectionsbyCountry
9.2.NorthAmericaWeddingRingMarketSizeandVolumeForecastbyCountry
9.2.1.U.S.
9.2.2.Canada
9.3.Absolute$OpportunityAssessmentbyCountry
9.4.NorthAmericaWeddingRingMarketSizeandVolumeForecastbyApplication
9.4.1.OnlineStore
9.4.2.ChainStore
9.4.3.Others
9.5.BasisPointShare(BPS)AnalysisbyApplication
9.6.Y-o-YGrowthProjectionsbyApplication
9.7.NorthAmericaWeddingRingMarketSizeandVolumeForecastbyType
9.7.1.PlatinumWeddingRing
9.7.2.GoldWeddingRing
9.7.3.DiamondWeddingRing
9.7.4.Others
9.8.BasisPointShare(BPS)AnalysisbyType
9.9.Y-o-YGrowthProjectionsbyType
9.10.MarketAttractiveness/GrowthPotentialAnalysis
9.10.1.ByCountry
9.10.2.ByProductType
9.10.3.ByApplication
9.10.4.BySalesChannel
9.11.NorthAmericaWeddingRingDemandShareForecast,2019-202610.LatinAmericaWeddingRingMarketAnalysisandForecast
10.1.Introduction
10.1.1.BasisPointShare(BPS)AnalysisbyCountry
10.1.2.Y-o-YGrowthProjectionsbyCountry
10.1.3.LatinAmericaAveragePricingAnalysis
10.2.LatinAmericaWeddingRingMarketSizeandVolumeForecastbyCountry
10.2.1.Brazil
10.2.2.Mexico
10.2.3.RestofLatinAmerica
10.3.Absolute$OpportunityAssessmentbyCountry
10.4.LatinAmericaWeddingRingMarketSizeandVolumeForecastbyApplication
10.4.1.OnlineStore
10.4.2.ChainStore
10.4.3.Others
10.5.BasisPointShare(BPS)AnalysisbyApplication
10.6.Y-o-YGrowthProjectionsbyApplication
10.7.LatinAmericaWeddingRingMarketSizeandVolumeForecastbyType
10.7.1.PlatinumWeddingRing
10.7.2.GoldWeddingRing
10.7.3.DiamondWeddingRing
10.7.4.Others
10.8.BasisPointShare(BPS)AnalysisbyType
10.9.Y-o-YGrowthProjectionsbyType
10.10.MarketAttractiveness/GrowthPotentialAnalysis
10.10.1.ByCountry
10.10.2.ByProductType
10.10.3.ByApplication
10.10.4.BySalesChannel
10.11.LatinAmericaWeddingRingDemandShareForecast,2019-202611.EuropeWeddingRingMarketAnalysisandForecast
11.1.Introduction
11.1.1.BasisPointShare(BPS)AnalysisbyCountry
11.1.2.Y-o-YGrowthProjectionsbyCountry
11.1.3.EuropeAveragePricingAnalysis
11.2.EuropeWeddingRingMarketSizeandVolumeForecastbyCountry
11.2.1.Germany
11.2.2.France
11.2.3.Italy
11.2.4.U.K.
11.2.5.Spain
11.2.6.Russia
11.2.7.RestofEurope
11.3.Absolute$OpportunityAssessmentbyCountry
11.4.EuropeWeddingRingMarketSizeandVolumeForecastbyApplication
11.4.1.OnlineStore
11.4.2.ChainStore
11.4.3.Others
11.5.BasisPointShare(BPS)AnalysisbyApplication
11.6.Y-o-YGrowthProjectionsbyApplication
11.7.EuropeWeddingRingMarketSizeandVolumeForecastbyType
11.7.1.PlatinumWeddingRing
11.7.2.GoldWeddingRing
11.7.3.DiamondWeddingRing
11.7.4.Others
11.8.BasisPointShare(BPS)AnalysisbyType
11.9.Y-o-YGrowthProjectionsbyType
11.10.MarketAttractiveness/GrowthPotentialAnalysis
11.10.1.ByCountry
11.10.2.ByProductType
11.10.3.ByApplication
11.10.4.BySalesChannel
11.11.EuropeWeddingRingDemandShare,2019-202612.AsiaPacificWeddingRingMarketAnalysisandForecast
12.1.Introduction
12.1.1.BasisPointShare(BPS)AnalysisbyCountry
12.1.2.Y-o-YGrowthProjectionsbyCountry
12.1.3.AsiaPacificAveragePricingAnalysis
12.2.AsiaPacificWeddingRingMarketSizeandVolumeForecastbyCountry
12.2.1.China
12.2.2.Japan
12.2.3.SouthKorea
12.2.4.India
12.2.5.Australia
12.2.6.RestofAsiaPacific(APAC)
12.3.Absolute$OpportunityAssessmentbyCountry
12.4.AsiaPacificWeddingRingMarketSizeandVolumeForecastbyApplication
12.4.1.OnlineStore
12.4.2.ChainStore
12.4.3.Others
12.5.BasisPointShare(BPS)AnalysisbyApplication
12.6.Y-o-YGrowthProjectionsbyApplication
12.7.AsiaPacificWeddingRingMarketSizeandVolumeForecastbyType
12.7.1.PlatinumWeddingRing
12.7.2.GoldWeddingRing
12.7.3.DiamondWeddingRing
12.7.4.Others
12.8.BasisPointShare(BPS)AnalysisbyType
12.9.Y-o-YGrowthProjectionsbyType
12.10.MarketAttractiveness/GrowthPotentialAnalysis
12.10.1.ByCountry
12.10.2.ByProductType
12.10.3.ByApplication
12.10.4.BySalesChannel
12.11.AsiaPacificWeddingRingDemandShare,2019-202613.MiddleEast&AfricaWeddingRingMarketAnalysisandForecast
13.1.Introduction
13.1.1.BasisPointShare(BPS)AnalysisbyCountry
13.1.2.Y-o-YGrowthProjectionsbyCountry
13.1.3.AsiaPacificAveragePricingAnalysis
13.2.MiddleEast&AfricaWeddingRingMarketSizeandVolumeForecastbyCountry
13.2.1.SaudiArabia
13.2.2.SouthAfrica
13.2.3.UAE
13.2.4.RestofMiddleEast&Africa(MEA)
13.3.Absolute$OpportunityAssessmentbyCountry
13.4.MiddleEast&AfricaWeddingRingMarketSizeandVolumeForecastbyApplication
13.4.1.OnlineStore
13.4.2.ChainStore
13.4.3.Others
13.5.BasisPointShare(BPS)AnalysisbyApplication
13.6.Y-o-YGrowthProjectionsbyApplication
13.7.MiddleEast&AfricaWeddingRingMarketSizeandVolumeForecastbyType
13.7.1.PlatinumWeddingRing
13.7.2.GoldWeddingRing
13.7.3.DiamondWeddingRing
13.7.4.Others
13.8.BasisPointShare(BPS)AnalysisbyType
13.9.Y-o-YGrowthProjectionsbyType
13.10.MarketAttractiveness/GrowthPotentialAnalysis
13.10.1.ByCountry
13.10.2.ByProductType
13.10.3.ByApplication
13.10.4.BySalesChannel
13.11.MiddleEast&AfricaWeddingRingDemandShare,2019-202614.CompetitionLandscape
14.1.GlobalWeddingRingMarket:MarketShareAnalysis
14.2.WeddingRingDistributorsandCustomers
14.3.WeddingRingMarket:CompetitiveDashboard
14.4.CompanyProfiles(DetailsOverview,Financials,Developments,Strategy)
14.4.1.Cartier
14.4.1.1.Overview
14.4.1.2.Financials
14.4.1.3.Developments
14.4.1.4.StrategicOutlook
14.4.2.Tiffany
14.4.2.1.Overview
14.4.2.2.Financials
14.4.2.3.Developments
14.4.2.4.StrategicOutlook
14.4.3.Laofengxiang
14.4.3.1.Overview
14.4.3.2.Financials
14.4.3.3.Developments
14.4.3.4.StrategicOutlook
14.4.4.ChowTaif*ck
14.4.4.1.Overview
14.4.4.2.Financials
14.4.4.3.Developments
14.4.4.4.StrategicOutlook
14.4.5.ChowSangSang
14.4.5.1.Overview
14.4.5.2.Financials
14.4.5.3.Developments
14.4.5.4.StrategicOutlook
14.4.6.Lukf*ck
14.4.6.1.Overview
14.4.6.2.Financials
14.4.6.3.Developments
14.4.6.4.StrategicOutlook
14.4.7.Mingr
14.4.7.1.Overview
14.4.7.2.Financials
14.4.7.3.Developments
14.4.7.4.StrategicOutlook
14.4.8.LVMH
14.4.8.1.Overview
14.4.8.2.Financials
14.4.8.3.Developments
14.4.8.4.StrategicOutlook
14.4.9.Chowtaiseng
14.4.9.1.Overview
14.4.9.2.Financials
14.4.9.3.Developments
14.4.9.4.StrategicOutlook
14.4.10.HarryWinston
14.4.10.1.Overview
14.4.10.2.Financials
14.4.10.3.Developments
14.4.10.4.StrategicOutlook
14.4.11.CHJ
14.4.11.1.Overview
14.4.11.2.Financials
14.4.11.3.Developments
14.4.11.4.StrategicOutlook
14.4.12.IDO
14.4.12.1.Overview
14.4.12.2.Financials
14.4.12.3.Developments
14.4.12.4.StrategicOutlook
14.4.13.CHJD
14.4.13.1.Overview
14.4.13.2.Financials
14.4.13.3.Developments
14.4.13.4.StrategicOutlook
14.4.14.Yuyuan
14.4.14.1.Overview
14.4.14.2.Financials
14.4.14.3.Developments
14.4.14.4.StrategicOutlook
14.4.15.DavidYurman
14.4.15.1.Overview
14.4.15.2.Financials
14.4.15.3.Developments
14.4.15.4.StrategicOutlook
14.4.16.TSL
14.4.16.1.Overview
14.4.16.2.Financials
14.4.16.3.Developments
14.4.16.4.StrategicOutlook
14.4.17.VanCleef&Arpels
14.4.17.1.Overview
14.4.17.2.Financials
14.4.17.3.Developments
14.4.17.4.StrategicOutlook
14.4.18.Charles&Colvard
14.4.18.1.Overview
14.4.18.2.Financials
14.4.18.3.Developments
14.4.18.4.StrategicOutlook
14.4.19.COMPANY19
14.4.19.1.Overview
14.4.19.2.Financials
14.4.19.3.Developments
14.4.19.4.StrategicOutlook
14.4.20.COMPANY20
14.4.20.1.Overview
14.4.20.2.Financials
14.4.20.3.Developments
14.4.20.4.StrategicOutlook
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