China Artificial Jewellery Market Share 2023- Industry Trends, Growth, Revenue, Emerging Trends, Key Players, Business Challenges and Future Outlook till 2033: SPER Market Research
The China Jewellery Market is thoroughly examined in the study, covering market size and trends, product mix, applications, and supplier analysis. Jewellry is a type of personal ornament worn as an accessory to draw attention to one’s appearance. It is made of metal and contains valuable diamonds. There are numerous varieties of jewellry available, such as necklaces, rings, earrings, and bracelets. Many buy it as an investment for the long run or as a status symbol. China is regarded as one of the world’s top producers of pearls. Pearls, turquoise, and coral are often used gemstones in Chinese jewelry.
According to SPER market research, China Jewellery Market Size – By Type, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the China Jewellery Market is predicted to reach USD 125.34 billion by 2033 with a CAGR of 7.73%.
Over the past few years, the Chinese jewellry market has been growing gradually, and it is expected that this growth will continue during the projected period. The market is expected to be driven by a number of growth-promoting factors, such as rising per capita disposable income, expanding middle-class spending, growing urban population, increase in the tourism sector, etc. The growth of China’s jewellry industry is being fueled by a number of causes, including an increase in internet users, a rise in per capita GDP, and an increase in international tourism. In addition, China’s expanding female labor population is increasing the country’s desire for diamonds. In China, women account for the bulk of the jewelry market. Women make up sixty-three percent of jewelry buyers. Sales of jewelry and GDP are correlated, therefore if China’s middle class
The previous several years have seen a steady rise of the Chinese jewelry market, and it is expected that this trend will continue during the projected period. It is projected that a number of growth-promoting factors would drive the market, such as increasing per capita disposable income, growing middle-class spending, an increase in urban population, the growth of the tourism industry, etc. China’s jewelry industry is growing due to a number of causes, including rising internet usage, rising per capita GDP, and rising international tourism. In addition, the demand for diamonds in China is rising due to the country’s expanding female labor force. In China, the majority of jewelry buyers are women. Women buy jewellery at a rate of sixty-three percent. Since the GDP and jewelry sales are correlated, if China’s middle class
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Impact of COVID-19 on China Jewellery Market
A study claims that COVID-19 has increased jewellery sales, since respondents to a recent survey reported purchasing more jewels while the epidemic was in effect. In response to the COVID-19 pandemic and government-mandated lockdowns, there has been a rise in the purchase of diamond jewelry as a means of managing the shifting market conditions.
China Jewellery Market key players
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Ming Jewellery, TSL, Others.
China Jewellery Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, China Jewellery Market is segmented as; Diamond, Gold, Silver.
By Product: Based on the Product, China Jewellery Market is segmented as; Bangles, Cuff links, Earrings, Necklace, Rings, Others.
By Region: This research also includes data for East China, North and Northeast China, Northwest China, South Central China, Southwest China.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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China jewellery market Revenue
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