Market Overview:
The global custom jewelry services market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for customized jewelry products, rising disposable income of consumers, and growing trend of personalization. The global custom jewelry services market is segmented on the basis of type into full custom design service and part custom design service. The full custom design service segment is expected to hold a larger share in the global market due to increasing demand for customized products with unique designs. On the basis of application, the global market is segmented into ring, necklace, bracelet, and other applications. The ring application segment is expected to hold a larger share in terms of revenue in 2018 owing to high demand for personalized rings among consumers across different regions globally. Geographically, the globalcustom jewelry servicesmarketis dividedinto five major regions: North America, Latin America Europe Asia Pacificand Middle East & Africa (MEA). Among these regions North America accounted for majority share followed by Europe in 2017 .
Product Definition:
The definition of custom jewelry services is the creation or alteration of jewelry to a customer's specifications. This can include designing a piece from scratch, modifying an existing design, or repairing damaged jewelry. Customizing jewelry allows customers to create pieces that are unique and perfectly suited to their individual style. It can also be a way to personalize special occasions like weddings or anniversaries. Customized jewelry often has more sentimental value than off-the-shelf pieces, and it can be more affordable than buying a one-of-a-kind item from a jeweler.
Full Custom Design Service:
Full Custom Design Service is a type of jewelry designing service which allows customers to design their own engagement, wedding or anniversary rings, pendants, necklaces and earrings. Full custom designs are not only limited to the services mentioned above but also include cross branding i.e. designing key-chains, dog tags and other metal items as per the requirements of the clients along with product innovation in terms of metals & types of metals used etc.
Part Custom Design Service:
Part custom design service is a type of customization services where the jewelry designer creates unique designs for a customer based on an image or description provided by the customer. The designing process usually takes less time as compared to other conventional processes and also provides flexibility to change designs as per customers’ requirements.
The major advantage of this service is that it allows customers to create their own piece of art, which they can be completely satisfied with.
Application Insights:
The ring application segment dominated the global custom jewelry services market in 2017. The rising number of rings finger and hand wear of this jewelry type is one of the major factors driving the demand for customized rings across various regions. Furthermore, a growing preference for unique engagement and wedding rings to express love is also boosting industry growth.
The bracelet application segment accounted for over 11% share in 2017 owing to increasing use of bracelets as fashion accessories across all age groups, especially women participants from millennial generation are preferring this type more often than not these days due to its versatility.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising disposable income, coupled with increasing popularity of personalized jewelry in this region. In addition, presence of a large number of manufacturers and suppliers in this region has led to increased competition, which is further expected to drive down prices and attract more customers over the next eight years.
North America accounted for approximately 25% share in 2016 owing to high demand from U.S., where customization plays an important role in wedding ceremonies as well as special occasions like birthdays and anniversaries among friends and family members. Europe also contributed significantly toward global market share due its large jewelry manufacturing base along with high spending on luxury accessories including rings, necklaces, earrings etc.
Growth Factors:
- Increasing demand for customized jewelry: A major factor driving the growth of the custom jewelry services market is the increasing demand for customized jewelry. Consumers are increasingly preferring unique and personalized pieces of jewelry, which has led to an increase in the demand for custom jewelers.
- Rising income levels and disposable incomes: Another key driver for the growth of the custom jewelry services market is rising income levels and disposable incomes across regions. This has enabled consumers to spend more on luxury items such as customized jewelry, thereby fueling market growth.
- Growing popularity of online retail channels: The growing popularity of online retail channels is another important factor contributing to the growth of the custom jewelery services market. Online retailers offer a wide range of customization options, which has made it easier for consumers to find exactly what they are looking for, thus boosting market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Custom Jewelry Services Market Research Report
By Type
Full Custom Design Service, Part Custom Design Service
By Application
Ring, Necklace, Bracelet, Other
By Companies
LVMH, Chaumet, JEWELER VISION, CustomMade, London Gold, Wempe, KAY.COM, JARED.COM, H.Samuel, Kodega
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Custom Jewelry Services Market Report Segments:
The global Custom Jewelry Services market is segmented on the basis of:
Types
Full Custom Design Service, Part Custom Design Service
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
Ring, Necklace, Bracelet, Other
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:
- LVMH
- Chaumet
- JEWELER VISION
- CustomMade
- London Gold
- Wempe
- KAY.COM
- JARED.COM
- H.Samuel
- Kodega
Highlights of The Custom Jewelry Services 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:
- Full Custom Design Service
- Part Custom Design Service
- By Application:
- Ring
- Necklace
- Bracelet
- Other
- 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 Custom Jewelry Services 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Custom jewelry services is a term used to describe the process of designing and creating custom jewelry for customers. Custom jewelers may use a variety of techniques and materials to create unique pieces that are perfect for each individual. They may also offer customization options, such as adding special stones or metals to existing pieces, or creating entirely new pieces from scratch.
Some of the major players in the custom jewelry services market are LVMH, Chaumet, JEWELER VISION, CustomMade, London Gold, Wempe, KAY.COM, JARED.COM, H.Samuel, Kodega.
The custom jewelry services market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Custom Jewelry Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Custom Jewelry Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Custom Jewelry Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Custom Jewelry Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Custom Jewelry Services Market Size & Forecast, 2020-2028
4.5.1 Custom Jewelry Services Market Size and Y-o-Y Growth
4.5.2 Custom Jewelry Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Full Custom Design Service
5.2.2 Part Custom Design Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ring
6.2.2 Necklace
6.2.3 Bracelet
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Custom Jewelry Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Custom Jewelry Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Full Custom Design Service
9.6.2 Part Custom Design Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ring
9.10.2 Necklace
9.10.3 Bracelet
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Full Custom Design Service
10.6.2 Part Custom Design Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ring
10.10.2 Necklace
10.10.3 Bracelet
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Full Custom Design Service
11.6.2 Part Custom Design Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ring
11.10.2 Necklace
11.10.3 Bracelet
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Full Custom Design Service
12.6.2 Part Custom Design Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ring
12.10.2 Necklace
12.10.3 Bracelet
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Full Custom Design Service
13.6.2 Part Custom Design Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ring
13.10.2 Necklace
13.10.3 Bracelet
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Custom Jewelry Services Market: Competitive Dashboard
14.2 Global Custom Jewelry Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LVMH
14.3.2 Chaumet
14.3.3 JEWELER VISION
14.3.4 CustomMade
14.3.5 London Gold
14.3.6 Wempe
14.3.7 KAY.COM
14.3.8 JARED.COM
14.3.9 H.Samuel
14.3.10 Kodega
