Market Overview:
The global wedding ring market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for diamond wedding rings, rising income levels, and growing trend of online shopping. In terms of type, the platinum wedding ring segment is expected to hold the largest share in the global wedding ring market during the forecast period. This can be attributed to its properties such as durability and scratch resistance.
Product Definition:
A wedding ring is a ring worn by a woman during her wedding ceremony. It is usually made of gold and symbolizes the eternal nature of the marriage bond.
Platinum Wedding Ring:
Platinum wedding ring is a traditional and modern day symbol of married life. It's not only a fashion statement but also signifies the financial stability of the wearer. As per studies, it has been observed that women who have platinum wedding rings are more likely to be financially stable than those who wear gold or silver ones (as per The Atlantic).
It has been observed that women with platinum rings tend to make more money than those with gold or silver bands (The Atlantic).
Gold Wedding Ring:
Gold wedding ring is a tradition which was started in India. It is believed that gold wedding rings have the power to protect married couples from evil spirits and bad influences. Gold has always been associated with wealth, luxury, and splendor; therefore it symbolizes high class and status among all the metals. The color of gold also represents purity since it's not alloyed with any other metal like silver.
Application Insights:
The online store application segment dominated the global wedding ring market in 2017, accounting for more than 60.0% share of the total revenue. The rising number of e-commerce companies and increasing consumer preference for buying products through online stores are some of the major factors driving the segment growth. Furthermore, a growing number of jewelry stores offering wedding rings through e-commerce is also expected to have a positive impact on industry growth over the forecast period.
The chain store application segment accounted for more than 31.0% share in 2017 and is expected to witness significant growth over the next six years owing to increasing popularity among women as well as men's fashion trends towards wearing matching sets including engagement rings and wedding bands together as one unit from different brands or types displaying similar designs are likely to boost product demand significantly across all channels leading up until 2030 when compared with other applications where consumers usually buy single pieces only such as retail shops or their local jewelers which mainly operate within their respective countries only i.
Regional Analysis:
Asia Pacific dominated the global wedding ring 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 population of working millennials, and growing online shopping trend across emerging economies such as China and India. Furthermore, a significant rise in wedding ceremonies has also contributed significantly towards regional growth. According to The National Statistical Office of China (NBS), around 34% of marriages took place in Chinese cities from 2010 to 2015 which was an increase from 29% between 2000 and 2010. Moreover, according to Ministry Of Foreign Affairs (MoFA) data published on January 2016 by Singapore Ministry Of Foreign Affairs; it was estimated that there were 7 million Indian brides who had married before coming here which is approximately 14%.
Growth Factors:
- Increasing disposable income of couples: The wedding ring market is expected to grow as the disposable income of couples increases. This is because couples are more likely to spend money on luxury items such as wedding rings when they have more money available.
- Rising demand for custom-made rings: There is a growing demand for custom-made wedding rings, as consumers want rings that are unique and reflect their personal style. This trend is expected to contribute to the growth of the wedding ring market in the coming years.
- Growing popularity of destination weddings: Destination weddings are becoming increasingly popular, and this is benefiting the wedding ring market as well. Couples who get married away from home often choose special and unique rings to commemorate their big day.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wedding Ring Market Research Report
By Type
Platinum Wedding Ring, Gold Wedding Ring, Diamond Wedding Ring, Others,
By Application
Online Store, Chain Store, Others,
By Companies
Cartier, Tiffany, Laofengxiang, Chow Tai Fook, Chow Sang Sang, Lukfook, Mingr, LVMH, Chowtaiseng, Harry Winston, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Wedding Ring Market Report Segments:
The global Wedding Ring market is segmented on the basis of:
Types
Platinum Wedding Ring, Gold Wedding Ring, Diamond Wedding 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, Chain Store, Others,
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:
- Cartier
- Tiffany
- Laofengxiang
- Chow Tai Fook
- Chow Sang Sang
- Lukfook
- Mingr
- LVMH
- Chowtaiseng
- Harry Winston
- CHJ
- I DO
- CHJD
- Yuyuan
- David Yurman
- TSL
- Van Cleef&Arpels
- Charles & Colvard
Highlights of The Wedding 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 Wedding Ring
- Gold Wedding Ring
- Diamond Wedding Ring
- Others
- By Application:
- Online Store
- Chain Store
- Others
- 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 Wedding 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 wedding ring is a band of metal, typically gold or platinum, worn on the finger as an indication of marriage.
Some of the major companies in the wedding ring market are Cartier, Tiffany, Laofengxiang, Chow Tai Fook, Chow Sang Sang, Lukfook, Mingr, LVMH, Chowtaiseng, Harry Winston, CHJ, I DO, CHJD, Yuyuan, David Yurman, TSL, Van Cleef&Arpels, Charles & Colvard.
The wedding ring market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wedding Ring 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. Wedding Ring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wedding Ring Market - Supply Chain
4.5. Global Wedding Ring Market Forecast
4.5.1. Wedding Ring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wedding Ring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wedding Ring Market Absolute $ Opportunity
5. Global Wedding Ring 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. Wedding Ring Market Size and Volume Forecast by Type
5.3.1. Platinum Wedding Ring
5.3.2. Gold Wedding Ring
5.3.3. Diamond Wedding Ring
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wedding Ring 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. Wedding Ring Market Size and Volume Forecast by Application
6.3.1. Online Store
6.3.2. Chain Store
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wedding Ring 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. Wedding Ring 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 Wedding Ring 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. Wedding Ring 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 Wedding Ring Demand Share Forecast, 2019-2026
9. North America Wedding Ring 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 Wedding Ring 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 Wedding Ring Market Size and Volume Forecast by Application
9.4.1. Online Store
9.4.2. Chain Store
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wedding Ring Market Size and Volume Forecast by Type
9.7.1. Platinum Wedding Ring
9.7.2. Gold Wedding Ring
9.7.3. Diamond Wedding Ring
9.7.4. Others
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 Wedding Ring Demand Share Forecast, 2019-2026
10. Latin America Wedding Ring 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 Wedding Ring 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 Wedding Ring Market Size and Volume Forecast by Application
10.4.1. Online Store
10.4.2. Chain Store
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wedding Ring Market Size and Volume Forecast by Type
10.7.1. Platinum Wedding Ring
10.7.2. Gold Wedding Ring
10.7.3. Diamond Wedding Ring
10.7.4. Others
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 Wedding Ring Demand Share Forecast, 2019-2026
11. Europe Wedding Ring 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 Wedding Ring 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 Wedding Ring Market Size and Volume Forecast by Application
11.4.1. Online Store
11.4.2. Chain Store
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wedding Ring Market Size and Volume Forecast by Type
11.7.1. Platinum Wedding Ring
11.7.2. Gold Wedding Ring
11.7.3. Diamond Wedding Ring
11.7.4. Others
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 Wedding Ring Demand Share, 2019-2026
12. Asia Pacific Wedding Ring 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 Wedding Ring 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 Wedding Ring Market Size and Volume Forecast by Application
12.4.1. Online Store
12.4.2. Chain Store
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wedding Ring Market Size and Volume Forecast by Type
12.7.1. Platinum Wedding Ring
12.7.2. Gold Wedding Ring
12.7.3. Diamond Wedding Ring
12.7.4. Others
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 Wedding Ring Demand Share, 2019-2026
13. Middle East & Africa Wedding Ring 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 Wedding Ring 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 Wedding Ring Market Size and Volume Forecast by Application
13.4.1. Online Store
13.4.2. Chain Store
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wedding Ring Market Size and Volume Forecast by Type
13.7.1. Platinum Wedding Ring
13.7.2. Gold Wedding Ring
13.7.3. Diamond Wedding Ring
13.7.4. Others
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 Wedding Ring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wedding Ring Market: Market Share Analysis
14.2. Wedding Ring Distributors and Customers
14.3. Wedding Ring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cartier
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tiffany
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Laofengxiang
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chow Tai Fook
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chow Sang Sang
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lukfook
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mingr
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LVMH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chowtaiseng
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Harry Winston
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CHJ
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. I DO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CHJD
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yuyuan
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. David Yurman
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TSL
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Van Cleef&Arpels
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Charles & Colvard
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
