Market Overview:
The global silver rings market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for custom designed silver rings, and rising awareness about the benefits of wearing silver rings. In terms of type, the custom designed segment is expected to witness higher growth as compared to non-custom designed segment during the forecast period. In terms of application, men's segment is anticipated to hold a larger share in the global silver rings market as compared to women's segment during 2018-2030. However, women's segment is projected to grow at a higher CAGR than men's segment over the forecast period owing to changing lifestyle trends and increasing purchasing power parity (PPP) in developing countries such as India and China. Regionally, North America accounted for majority share in 2017 and it is projected that this trend will continue throughout 2030 owing high adoption rate of new technologies coupled with presence major players operating in this region Silver ring manufacturers are focusing on expanding their business operations in Asia Pacific region due To growing demand from countries such as China.
Product Definition:
Silver Rings are rings made of silver. They are often worn as jewelry, and can be used to make a statement about the person wearing them.
Custom Designed :
Custom designed rings are manufactured as per the specifications provided by the clients. The main factors considered while designing a custom ring are size, metal type, shape and style of design desired by the client. Clients can choose from an extensive range of metals such as silver, gold and platinum in different designs and shapes to get a unique look for their customized rings.
Non-custom Designed:
Non-custom designed silver rings are produced without the involvement of a client. These rings are available in various sizes and shapes and can be customized according to the specifications provided by the manufacturer. Non-custom designed silver rings have gained popularity owing to their low price as compared to custom designed ones, which makes them affordable for a wider range of customers.
Application Insights:
Men¢â‚¬â„¢s application segment accounted for the largest revenue share of over 70% in 2017. Rising purchasing power and shifting preference towards rings as a signifier of wealth and status among men is expected to be the key factor driving product demand. Custom designed silver rings are most commonly purchased by men for special occasions such as weddings, promotions, farewells or just because they like it. Non-custom designed silver rings are mostly preferred by working class males who have simpler lifestyles without much fuss or bother about dressing up often.
The women¢â‚¬â„¢s application segment is expected to grow at a significant rate over the forecast period owing to rising consumer awareness regarding personal grooming habits, increasing spending capacity due to rise in income levels and changing social norms that allow women independence in career choices outside home have all contributed toward growth of this market significantly since past few years.
Regional Analysis:
Asia Pacific dominated the global silver rings 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 consumer awareness about fashion jewelry, and growing demand for wedding bands among millennials in emerging economies such as China and India.
Europe accounted for a significant share of revenue in 2017 owing to high demand from consumers looking for unique designs of silver rings with diamonds or emeralds settings. In addition, Europe has been witnessing steady growth due to increased purchasing power of consumers coupled with improving economic conditions since 2016 which is likely to boost regional product sales over the forecast period.
North America also held a considerable share owing to high consumer preference towards customized designed products along with rising disposable income especially among millennials living in U S A.
Growth Factors:
- Increasing demand for silver jewelry from the developing countries.
- Rising disposable income of the consumers in the developed countries.
- Growing popularity of silver rings among the young generation.
- Increasing trend of using precious metals in wedding and engagement rings.
- Proliferation of online retailing that offers a wide range of silver rings at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Silver Rings Market Research Report
By Type
Custom Designed , Non-custom Designed
By Application
Men's, Women's
By Companies
01 Jewelry Ltd , Wing Wo Hing Jewelry Group Ltd , Wing Fook Jewellery Co , Elzan Jewellery International Ltd , China Artist Jewelry Mfy Co , Scepter Jewelry Ltd
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Silver Rings Market Report Segments:
The global Silver Rings market is segmented on the basis of:
Types
Custom Designed , Non-custom Designed
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
Men's, Women's
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:
- 01 Jewelry LtdÂ
- Wing Wo Hing Jewelry Group LtdÂ
- Wing Fook Jewellery CoÂ
- Elzan Jewellery International LtdÂ
- China Artist Jewelry Mfy CoÂ
- Scepter Jewelry Ltd
Highlights of The Silver 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:
- Custom DesignedÂ
- Non-custom Designed
- By Application:
- Men's
- Women's
- 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 Silver 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?
Silver Rings is a mobile app that helps people find the best deals on jewelry. The app connects users with local jewelers and offers discounts on items in their inventory.
Some of the key players operating in the silver rings market are 01 Jewelry Ltd‚Â , Wing Wo Hing Jewelry Group Ltd‚Â , Wing Fook Jewellery Co‚Â , Elzan Jewellery International Ltd‚Â , China Artist Jewelry Mfy Co‚Â , Scepter Jewelry Ltd.
The silver rings market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Silver Rings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Silver Rings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Silver Rings Market - Supply Chain
4.5. Global Silver Rings Market Forecast
4.5.1. Silver Rings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Silver Rings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Silver Rings Market Absolute $ Opportunity
5. Global Silver Rings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Silver Rings Market Size and Volume Forecast by Type
5.3.1. Custom Designed
5.3.2. Non-custom Designed
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Silver Rings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Silver Rings Market Size and Volume Forecast by Application
6.3.1. Men's
6.3.2. Women's
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Silver Rings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Silver Rings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Silver Rings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Silver Rings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Silver Rings Demand Share Forecast, 2019-2026
9. North America Silver Rings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Silver Rings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Silver Rings Market Size and Volume Forecast by Application
9.4.1. Men's
9.4.2. Women's
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Silver Rings Market Size and Volume Forecast by Type
9.7.1. Custom Designed
9.7.2. Non-custom Designed
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Silver Rings Demand Share Forecast, 2019-2026
10. Latin America Silver Rings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Silver Rings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Silver Rings Market Size and Volume Forecast by Application
10.4.1. Men's
10.4.2. Women's
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Silver Rings Market Size and Volume Forecast by Type
10.7.1. Custom Designed
10.7.2. Non-custom Designed
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Silver Rings Demand Share Forecast, 2019-2026
11. Europe Silver Rings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Silver Rings Market Size and Volume Forecast by Country
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. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Silver Rings Market Size and Volume Forecast by Application
11.4.1. Men's
11.4.2. Women's
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Silver Rings Market Size and Volume Forecast by Type
11.7.1. Custom Designed
11.7.2. Non-custom Designed
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Silver Rings Demand Share, 2019-2026
12. Asia Pacific Silver Rings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Silver Rings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Silver Rings Market Size and Volume Forecast by Application
12.4.1. Men's
12.4.2. Women's
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Silver Rings Market Size and Volume Forecast by Type
12.7.1. Custom Designed
12.7.2. Non-custom Designed
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Silver Rings Demand Share, 2019-2026
13. Middle East & Africa Silver Rings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Silver Rings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Silver Rings Market Size and Volume Forecast by Application
13.4.1. Men's
13.4.2. Women's
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Silver Rings Market Size and Volume Forecast by Type
13.7.1. Custom Designed
13.7.2. Non-custom Designed
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Silver Rings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Silver Rings Market: Market Share Analysis
14.2. Silver Rings Distributors and Customers
14.3. Silver Rings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 01 Jewelry Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wing Wo Hing Jewelry Group Ltd
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Wing Fook Jewellery Co
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Elzan Jewellery International Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. China Artist Jewelry Mfy Co
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Scepter Jewelry Ltd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
