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Global Men’s Jewelry Market Size Valued at US$ 71,809.77

Global Men’s Jewelry Market Size Valued at US$ 71,809.77

New York, July 11, 2024 (GLOBE NEWSWIRE) — Market outlook:

Spherical Men’s Jewelry Market The market, which was valued at $34,335.96 million in 2023, is expected to reach $71,809.77 million by 2032. The market is projected to grow at a compound annual growth rate (CAGR) of 8.4% between 2024 and 2032.

Market Introduction:

What is the Name Given to Jewelry for Men?

Men’s jewelry is a broad category of accessories made to accentuate, adorn, and showcase individuality. Men’s jewelry can range from traditional pieces like watches and rings to more modern pieces like necklaces and bracelets, creating a fashion statement and adding a unique touch to any ensemble. A variety of metals can be engraved into men’s jewelry pieces, including gold, silver, platinum, diamonds, steel, tungsten, and forged carbon. It can also include leather, gemstones, beads, or other metals.

Additionally, men’s jewelry not only enhances appearance, but often has symbolic meaning related to a person’s cultural background or important life events. Whether purchased online or in person, men’s jewelry is available in a wide variety of styles to suit any outfit or occasion.

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Highlights of the Report:

  • The sector is expected to evolve as a result of key trends such as increased awareness of fashion, adaptability of design, and the evolving representation of masculinity in society.
  • Men’s jewelry market segmentation is mainly based on type, product, age, distribution channel, category and region.
  • Asia Pacific has emerged as the dominant region in 2023 and is expected to continue its dominance with strong CAGR over the forecast period.

Important Companies in the Market:

  • Buccellati (Richemont SA Finance Company)
  • Cartier (Richemont SA Finance Company)
  • Hours + Colors
  • Completed work
  • Hatton Laboratories
  • John Hardy
  • Malabar Gold and Diamonds
  • PANDORA JEWELRY LTD.CO.
  • Spinelli Kilcollin
  • Terms and Conditions (LVMH Moët Hennessy Louis Vuitton SE)
  • Titan Company

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Men’s Jewelry Market Scope and Insights:

Report Attributes Detail
Men’s Jewelry Market Value in 2024 35,953.18 million US dollars
Men’s Jewelry Market Value in 2032 71,809.77 million US dollars
CAGR 8.4%
Foundation Year 2023
Historical data 2019 – 2022
Forecast Period 2024 – 2032

Men’s Jewelry Market Dynamics:

Growth factors:

  • Increased Disposable Income: The increasing disposable income of people is significantly affecting the men’s jewellery market. Disposable income has also influenced a number of other aspects such as spending on luxury and high-quality items, greater confidence and self-expression, changing priorities and increasing investment opportunities.
  • Interest in Fashion and Accessories is Increasing: Men are increasingly interested in accessories and fashion to enhance their appearance in public areas such as parties, workplaces, outdoor entertainment areas, and this is increasing the demand for the men’s jewelry market.

Trends:

  • Wide Product Range: Fashion brands are offering a wide range of options for men’s accessories such as chains, necklaces, rings, and bracelets. Men are also becoming more interested in chains, stacked necklaces, and pendants with personalized engravings or religious symbols, which is helping to expand the growth of the men’s jewelry market.
  • Flexibility in Budgets: People with disposable income have more financial flexibility to spend on non-essential items like jewelry. Men’s jewelry is gaining popularity as it is seen as an emotional investment that can be used to express personal style, celebrate important occasions or treat yourself to luxury.

Limitations:

  • Fluctuating Raw Material Prices and Limited Product Supply: Jewellery is inherently expensive and is made from expensive materials such as diamonds, platinum, silver and gold. The scarcity and accessibility of the above-mentioned resources has led to an increase in prices over the last few years. As a result of the change in raw material prices, the cost of finished products such as men’s jewellery increases. Men’s jewellery is consequently becoming less accessible and affordable for a certain male demographic.

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Geographic Information:

The evolution of the fashion industry and changing societal trends are driving the market in the Asia Pacific region. The change in perceptions towards men’s accessories, especially jewelry, has created a lucrative men’s jewelry market in the region, which includes South Korea, China, India, Japan, and other countries.

Segmental View:

By Product Appearance:

  • Necklace
  • Ring
  • Earrings
  • Bracelet
  • Other products

View by Type:

  • Silver
  • Gold
  • Platinum
  • Diamond
  • Titanium
  • Steel
  • Tungsten
  • Forged Carbon
  • Other varieties

View by Category:

By Distribution Channel View:

By Age View:

  • under 18 years old
  • 18-30 years old
  • 30-50 years
  • Over 50 years old

View by Region:

  • North America (USA, Canada)
  • Europe (France, Germany, England, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea, Australia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)

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