Market Forecast by Countries (United States, Canada), By Distribution Channel (Online Stores, Offline Stores), By Type (Necklace/Chain, Ring, Bracelet, Earrings, Others), By End-User (Men, Women) And Competitive Landscape
Product Code: ETC059793 | Publication Date: May 2021 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Costume Jewelry Market report thoroughly covers the market by countries, distribution channel, type and end-user. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America costume jewelry market is expected to witness significant growth during the forecast period. The rising demand for fashion accessories, coupled with the increasing disposable income and changing consumer preferences, are major factors driving the growth of this market.
According to 6Wresearch, North America Costume Jewelry Market size is expected to grow at a significant CAGR of 7.5% during 2024-2030. One of the key drivers for this growth is the changing consumer preferences towards trendy and affordable fashion accessories. Costume jewelry offers consumers the ability to keep up with ever-changing fashion trends without breaking the bank, making it a popular choice among young adults and millennials. In addition, the rise of e-commerce platforms has made it easier for consumers to access a wide variety of costume jewelry from the comfort of their own homes. This has also contributed to the growth of the market, as online sales have become a significant portion of overall revenue for many key players.
However, there are also challenges that the North American costume jewelry market faces. One major challenge is the competition from counterfeit products and cheap imitations, which can affect consumer trust in the industry. In addition, changing regulations and restrictions on certain materials used in costume jewelry production can also pose challenges for manufacturers.
There are several key players in the North American costume jewelry market who have been able to establish a strong presence and maintain steady growth. Some of the key players in this region include Swarovski, H&M, Forever 21, Claire's, and Charming Charlie.
To support the growth of the industry, governments in North America have also taken initiatives to promote local manufacturing and sourcing of materials. For example, programs such as "Made in America" have encouraged consumers to buy products that are made domestically, which can benefit domestic manufacturers of costume jewelry.
North American costume jewelry market is expected to continue its growth trajectory with increasing demand for affordable and trendy accessories. The rise of social media and influencer marketing has also played a role in promoting the popularity of costume jewelry, particularly among younger generations. The use of sustainable and eco-friendly materials in production is also becoming a focus for many companies, as consumers are increasingly conscious about the environmental impact of their purchases.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States has always been one of the biggest markets for costume jewelry. With a large population and a strong economy, it is no surprise that the demand for this product is high in the country. The US market is also characterized by a diverse consumer base with varying tastes and preferences, which contributes to the widespread popularity of costume jewelry.
The necklace/chain segment is currently leading in terms of growth in the North American costume jewelry market. This can be attributed to its versatility and ability to complement various outfits. Necklaces and chains come in a variety of lengths and designs to suit different occasions and styles.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Costume Jewelry Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Costume Jewelry Market Revenues & Volume, 2020 & 2030F |
3.3 North America Costume Jewelry Market - Industry Life Cycle |
3.4 North America Costume Jewelry Market - Porter's Five Forces |
3.5 North America Costume Jewelry Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Costume Jewelry Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
3.7 North America Costume Jewelry Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.8 North America Costume Jewelry Market Revenues & Volume Share, By End-User, 2020 & 2030F |
4 North America Costume Jewelry Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Costume Jewelry Market Trends |
6 North America Costume Jewelry Market, 2020 - 2030 |
6.1 North America Costume Jewelry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
6.2 North America Costume Jewelry Market, Revenues & Volume, By Type, 2020 - 2030 |
6.3 North America Costume Jewelry Market, Revenues & Volume, By End-User, 2020 - 2030 |
7 United States Costume Jewelry Market, 2020 - 2030 |
7.1 United States Costume Jewelry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
7.2 United States Costume Jewelry Market, Revenues & Volume, By Type, 2020 - 2030 |
7.3 United States Costume Jewelry Market, Revenues & Volume, By End-User, 2020 - 2030 |
8 Canada Costume Jewelry Market, 2020 - 2030 |
8.1 Canada Costume Jewelry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
8.2 Canada Costume Jewelry Market, Revenues & Volume, By Type, 2020 - 2030 |
8.3 Canada Costume Jewelry Market, Revenues & Volume, By End-User, 2020 - 2030 |
9 North America Costume Jewelry Market Key Performance Indicators |
10 North America Costume Jewelry Market - Opportunity Assessment |
10.1 North America Costume Jewelry Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Costume Jewelry Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10.3 North America Costume Jewelry Market Opportunity Assessment, By Type, 2020 & 2030F |
10.4 North America Costume Jewelry Market Opportunity Assessment, By End-User, 2020 & 2030F |
11 North America Costume Jewelry Market - Competitive Landscape |
11.1 North America Costume Jewelry Market Revenue Share, By Companies, 2023 |
11.2 North America Costume Jewelry Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |