Market Overview:
The global tungsten rings 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 factors such as increasing demand for tungsten rings from male and female consumers, rising awareness about the benefits of using tungsten rings, and growing popularity of tungsten wedding bands. In terms of type, the white segment is expected to lead the global market during the forecast period owing to its properties such as scratch resistance and durability. In terms of application, the male segment is expected to lead the global market duringthe forecast period owingto its properties such as toughness and strength.
Product Definition:
A tungsten ring is a ring made of the tungsten metal. Tungsten rings are popular because they are very hard and durable.
White:
Tungsten is a metal that occurs in nature as tungstenite, an oxide mineral. Tungsten rings are used to enhance the visibility of diamonds and other jewelry materials. The rings have a wide range of applications including construction, mining, metallurgy and others.
Black:
Tungsten is a metal that has high density and great mechanical properties. It is also very resistant to corrosion. Tungsten rings are used in the manufacturing of various products including incandescent lamps, light bulbs, electric motors, and heaters among others. The growing demand for energy-efficient lighting solutions across the globe is expected to drive the global tungsten rings market over the forecast period.
Application Insights:
The male application segment led the global tungsten rings market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. In addition, an increase in the adoption of technologically advanced products with enhanced performance characteristics is further anticipated to fuel industry expansion over the coming years.
The female application segment held a significant share of more than 40% in 2017 owing to increasing use of tungsten carbide jewelry during cosmetic surgeries that enhance appearance by reducing wrinkles and enhancing skin elasticity. Moreover, growing popularity among women for non-invasive procedures related to breast augmentation coupled with rising disposable income levels across developing countries including China India & Brazil are expected fuel product demand over the forecast period.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a revenue share of over 57%. The region is expected to continue its dominance over the forecast period. This can be attributed to rising disposable income, growing population, and increasing demand from countries such as China and India. In addition, developing infrastructure has led to an increase in construction activities across Asia Pacific which will boost product demand further.
The Middle East & Africa is anticipated to grow at a significant rate during the forecast period owing to rapid development taking place across several countries including Saudi Arabia, UAE, Oman among others. Increasing government spending on infrastructure projects along with steady economic growth are likely factors driving tungsten rings market growth in this region.
Growth Factors:
- Increasing demand from the electronics and electrical industry for tungsten rings as a component in various products is expected to drive the market growth.
- Growing popularity of tungsten wedding bands and engagement rings is anticipated to boost the demand for tungsten rings over the forecast period.
- Rising awareness about the benefits of using tungsten carbide ring such as scratch resistance, durability, and low maintenance is projected to fuel market growth.
- Technological advancements in jewelry manufacturing are likely to create new opportunities for market players over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Rings Market Research Report
By Type
White, Black, Others
By Application
Male, Female
By Companies
Larson Jewelers, Just Mens Rings, Signet Jewelers, Jewelry By Johan, Helzberg Diamonds, Eternal Tungsten, KAVALRI, Tungsten World, Peoples Jewellers, Tungsten Fashions, Tungsten Rings & Co.
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Rings Market Report Segments:
The global Tungsten Rings market is segmented on the basis of:
Types
White, Black, 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
Male, Female
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:
- Larson Jewelers
- Just Mens Rings
- Signet Jewelers
- Jewelry By Johan
- Helzberg Diamonds
- Eternal Tungsten
- KAVALRI
- Tungsten World
- Peoples Jewellers
- Tungsten Fashions
- Tungsten Rings & Co.
Highlights of The Tungsten Rings 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:
- White
- Black
- Others
- By Application:
- Male
- Female
- 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 Tungsten Rings 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?
Tungsten rings are a type of jewelry that is made from tungsten. Tungsten is a metal that is very strong and durable, which makes it perfect for jewelry. Tungsten rings are often used as wedding bands ornaments, because they are beautiful and unique pieces of jewelry.
Some of the key players operating in the tungsten rings market are Larson Jewelers, Just Mens Rings, Signet Jewelers, Jewelry By Johan, Helzberg Diamonds, Eternal Tungsten, KAVALRI, Tungsten World, Peoples Jewellers, Tungsten Fashions, Tungsten Rings & Co..
The tungsten rings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tungsten Rings 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 Tungsten Rings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tungsten Rings 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 Tungsten Rings 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 Tungsten Rings Market Size & Forecast, 2018-2028
4.5.1 Tungsten Rings Market Size and Y-o-Y Growth
4.5.2 Tungsten Rings Market Absolute $ Opportunity
Chapter 5 Global Tungsten Rings 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 Tungsten Rings Market Size Forecast by Type
5.2.1 White
5.2.2 Black
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tungsten Rings 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 Tungsten Rings Market Size Forecast by Applications
6.2.1 Male
6.2.2 Female
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tungsten Rings 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 Tungsten Rings 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 Tungsten Rings Analysis and Forecast
9.1 Introduction
9.2 North America Tungsten Rings 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 Tungsten Rings Market Size Forecast by Type
9.6.1 White
9.6.2 Black
9.6.3 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 Tungsten Rings Market Size Forecast by Applications
9.10.1 Male
9.10.2 Female
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 Tungsten Rings Analysis and Forecast
10.1 Introduction
10.2 Europe Tungsten Rings 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 Tungsten Rings Market Size Forecast by Type
10.6.1 White
10.6.2 Black
10.6.3 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 Tungsten Rings Market Size Forecast by Applications
10.10.1 Male
10.10.2 Female
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 Tungsten Rings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tungsten Rings 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 Tungsten Rings Market Size Forecast by Type
11.6.1 White
11.6.2 Black
11.6.3 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 Tungsten Rings Market Size Forecast by Applications
11.10.1 Male
11.10.2 Female
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 Tungsten Rings Analysis and Forecast
12.1 Introduction
12.2 Latin America Tungsten Rings 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 Tungsten Rings Market Size Forecast by Type
12.6.1 White
12.6.2 Black
12.6.3 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 Tungsten Rings Market Size Forecast by Applications
12.10.1 Male
12.10.2 Female
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) Tungsten Rings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tungsten Rings 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) Tungsten Rings Market Size Forecast by Type
13.6.1 White
13.6.2 Black
13.6.3 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) Tungsten Rings Market Size Forecast by Applications
13.10.1 Male
13.10.2 Female
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 Tungsten Rings Market: Competitive Dashboard
14.2 Global Tungsten Rings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Larson Jewelers
14.3.2 Just Mens Rings
14.3.3 Signet Jewelers
14.3.4 Jewelry By Johan
14.3.5 Helzberg Diamonds
14.3.6 Eternal Tungsten
14.3.7 KAVALRI
14.3.8 Tungsten World
14.3.9 Peoples Jewellers
14.3.10 Tungsten Fashions
14.3.11 Tungsten Rings & Co.
