Global Costume Jewelry Market to Reach US$21.1 Billion By 2010, According to New Report by Global Industry Analysts, Inc.
World costume jewelry market is forecast to grow at a CAGR of 4.63% to reach US$21.1 billion by the year 2010. The market is highly volatile and is characterized by rapidly changing fashion trends and consumer preferences for style, and design. Product lifecycles are shorter with capricious consumer tastes and preferences resulting in quick product model obsolesce. Fashion fads and trends have a profound influence on various types of costume jewelry.
San Jose, CA (PRWEB) March 5, 2008
World costume jewelry market stands enthused by the increasing emphasis laid down by consumers on fashion and style. Demand for costume jewelry and fashion accessories, such as, rings, earrings, bracelets, bangles, lockets, and brooches, is waxing at a healthy pace, driven largely by consumer preference for affordable, yet fashionable jewelry. Costume jewelry has tailored looks and styles borrowed from fine jewelry. However, updated impressions of these are needed to supplement and accessorize the latest apparel from couture houses and the fashion industry. Fashions in costume jewelry are generally reflected in the ready-to-wear apparel and accessories industry.
Given the relative inexpensiveness and affordability of costume jewelry, purchases are predominantly impulsive especially for the younger generation. Designing of costume jewelry is closely in line with the apparel market. Strong economic development in developing countries, rise in GDP, standards of living, and disposable incomes, are all factors fuelling the market's growth. Growing sophistication of consumer tastes in the developed markets is fingered as a key reason for sales gain in these markets. Design innovations from manufacturers and fashion designers are helping attract fashion-savvy consumers. Unique designs, durability, and high quality are all variables for product success in the marketplace.
Costume jewelry market (http://www. strategyr. com/Jewelry_Costume_Market_Report. asp) worldwide is dominated by the United States with an estimated 32.49% share in the year 2007, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the fastest growing market, mirroring a projected CAGR of 6.93% over the period 2000 to 2010. In the Necklaces, bracelets & chains (http://www. strategyr. com/Jewelry_Costume_Market_Report. asp) market, sales are forecast to rise by US$3,853 million between the period 2007 to 2015. Global sales of Brooches, Pendants & Pins (http://www. strategyr. com/Jewelry_Costume_Market_Report. asp) are projected to reach US$2.0 billion by the year 2015. Ear Rings (http://www. strategyr. com/Jewelry_Costume_Market_Report. asp) market in Asia-Pacific is forecast to grow at a robust CAGR of 9.52% over the 2011 to 2015 period.
Leading players operating in the global costume jewelry market include Avon Products Inc, Adrian Buckley Jewellery, DCK Concessions Ltd, H. Stern Com. & Ind. S. A, K&M Associates, The Colibri Group, Roman Research Inc., and Swank Inc.
The report titled "Jewelry, Costume: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides incisive insights into the emerging and dominating trends in the fashion jewelry market. The study provides updates on 'What's in' in the costume jewelry market in terms of design and fashion appeal, in addition to identifying and discussing factors propelling growth, factors affecting consumer buying decisions, and issues impacting the industry. The report profiles leading players operating in the global and regional markets. Latent demand patterns in product markets, such as, Ear Rings, Necklaces, Bracelets & Chain, Rings, Brooches, Pendants & Pins, and Cuff Links & Studs, are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, Italy, UK, Spain, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www. strategyr. com/Jewelry_Costume_Market_Report. asp (http://www. strategyr. com/Jewelry_Costume_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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