Market Overview:
The global finger ring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as an increase in disposable income, rising trend of gifting rings, and growing demand for customized rings. In terms of type, the platinum ring segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its properties such as durability and shine. In terms of application, online store segment is expected to grow at a higher CAGR than offline store segment during the forecast period.
Product Definition:
A finger ring is a piece of jewelry worn on one or more fingers. It may be made from metal, plastic, wood, bone, glass, gemstone or some other material.
Platinum Ring:
Platinum is a ductile, rare metal with the ability to be recycled. It has been recognized as an important industrial material since the beginning of recorded history. The first use of platinum in jewelry was by Phoenicians who used it in their sun disks. The modern-day definition of a platinum ring or chain depends on its purity (99% pure), size, and karats (24K).
Gold Ring:
Gold ring is a type of jewelry which consists of gold metal. Gold rings are available in various sizes and shapes and can be worn on any finger. The most common types of gold rings include wedding bands, signet rings, promise rings, concubine’s circles (ancient Chinese tradition), anklets, general's chains or commandment discs (Korean tradition), torques (British tradition) and circlets or diadems.
Application Insights:
The offline store application segment dominated the global finger ring market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing demand from traditional jewelry stores and high consumer spending capacity in emerging economies such as India, China and Brazil. On the other hand, online store application is expected to witness significant growth during the forecast period owing to rising e-commerce activities across various countries including Germany, Japan, UK and U.S., which will propel product demand globally.
The others segment includes rings made of titanium or its alloys such as 6AL4V titanium with an additional layer of vanadium pentoxide that provides hardness while maintaining flexibility similar to that of steel alloy rings1). These types are mostly used for medical purposes due to their non-corrosive properties2).
Regional Analysis:
North America dominated the global finger ring market in 2017. The U.S., in particular, is a major revenue contributor to the regional market owing to rising consumer awareness regarding health and hygiene issues associated with manual hand wash. Furthermore, increasing cases of diseases such as swine flu and Ebola are expected to drive demand for these rings across North America during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing markets over the forecast period owing to growing disposable income levels among consumers coupled with an increase in spending on luxury accessories products across emerging countries such as China and India. In addition, changing lifestyles resulting into increased consumption of alcohol leading towards high prevalence of various types of infections including HIV/AIDS will further boost product demand during this period (2018 - 2030).
Growth Factors:
- Increasing demand for personalized jewelry: The global finger ring market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for personalized jewelry. This is mainly due to the changing lifestyle and fashion trends among consumers.
- Rising disposable income: The growth of the global finger ring market is also attributed to the rising disposable income of consumers, which has led to an increase in their purchasing power.
- Growing popularity of online shopping: The growth of online retailing has provided a major impetus to the growth of the global finger ring market, as it offers convenience and a wide range of products to consumers.
- Proliferation of luxury brands: There has been a proliferation in luxury brands in recent years, which has led to an increase in consumer spending on high-end products such as finger rings. This is further contributing towards the growth of this market segmentation.. 5) Technological advancements: Rapid technological advancements are resulting in innovative product designs and features being introduced into the globalfinger ringmarket, thereby driving itsgrowth
Scope Of The Report
Report Attributes
Report Details
Report Title
Finger Ring Market Research Report
By Type
Platinum Ring, Gold Ring, Diamond Ring, Others
By Application
Online Store, Offline Store
By Companies
Tiffany&Co, Cartier, Bvlgari, VanCleef&Arpels, Harry Winston, DERIER, Damiani, Boucheron, MIKIMOTO, SWAROVSKI, Lukfook, Chowtaiseng, I DO, CHJ, TSL, Yuyuan, Kimberlite, CHJD, Chow Tai Fook, Laofengxiang, Chow Sang Sang, Mingr
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Finger Ring Market Report Segments:
The global Finger Ring market is segmented on the basis of:
Types
Platinum Ring, Gold Ring, Diamond 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, Offline Store
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:
- Tiffany&Co
- Cartier
- Bvlgari
- VanCleef&Arpels
- Harry Winston
- DERIER
- Damiani
- Boucheron
- MIKIMOTO
- SWAROVSKI
- Lukfook
- Chowtaiseng
- I DO
- CHJ
- TSL
- Yuyuan
- Kimberlite
- CHJD
- Chow Tai Fook
- Laofengxiang
- Chow Sang Sang
- Mingr
Highlights of The Finger 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 Ring
- Gold Ring
- Diamond Ring
- Others
- By Application:
- Online Store
- Offline Store
- 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 Finger 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
- 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?
A finger ring is a type of jewelry that is worn on the fingers. It can be made from a variety of materials, including metal, plastic, or stone. Finger rings are often decorative and designed to match the individual's personality or style.
Some of the key players operating in the finger ring market are Tiffany&Co, Cartier, Bvlgari, VanCleef&Arpels, Harry Winston, DERIER, Damiani, Boucheron, MIKIMOTO, SWAROVSKI, Lukfook, Chowtaiseng, I DO, CHJ, TSL, Yuyuan, Kimberlite, CHJD, Chow Tai Fook, Laofengxiang, Chow Sang Sang, Mingr.
The finger ring market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finger Ring 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 Finger Ring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finger Ring 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 Finger Ring 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 Finger Ring Market Size & Forecast, 2020-2028
4.5.1 Finger Ring Market Size and Y-o-Y Growth
4.5.2 Finger Ring 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 Platinum Ring
5.2.2 Gold Ring
5.2.3 Diamond Ring
5.2.4 Others
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 Online Store
6.2.2 Offline Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finger Ring 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 Finger Ring 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 Platinum Ring
9.6.2 Gold Ring
9.6.3 Diamond Ring
9.6.4 Others
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 Online Store
9.10.2 Offline Store
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 Platinum Ring
10.6.2 Gold Ring
10.6.3 Diamond Ring
10.6.4 Others
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 Online Store
10.10.2 Offline Store
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 Platinum Ring
11.6.2 Gold Ring
11.6.3 Diamond Ring
11.6.4 Others
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 Online Store
11.10.2 Offline Store
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 Platinum Ring
12.6.2 Gold Ring
12.6.3 Diamond Ring
12.6.4 Others
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 Online Store
12.10.2 Offline Store
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 Platinum Ring
13.6.2 Gold Ring
13.6.3 Diamond Ring
13.6.4 Others
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 Online Store
13.10.2 Offline Store
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 Finger Ring Market: Competitive Dashboard
14.2 Global Finger Ring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tiffany&Co
14.3.2 Cartier
14.3.3 Bvlgari
14.3.4 VanCleef&Arpels
14.3.5 Harry Winston
14.3.6 DERIER
14.3.7 Damiani
14.3.8 Boucheron
14.3.9 MIKIMOTO
14.3.10 SWAROVSKI
14.3.11 Lukfook
14.3.12 Chowtaiseng
14.3.13 I DO
14.3.14 CHJ
14.3.15 TSL
14.3.16 Yuyuan
14.3.17 Kimberlite
14.3.18 CHJD
14.3.19 Chow Tai Fook
14.3.20 Laofengxiang
14.3.21 Chow Sang Sang
14.3.22 Mingr
