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Online Jewelry Market Size to Grow Over $ 19 Billion at 15% CAGR During 2020-2024 | Technavio

·4 min read

Shape strategic responses through the phases of industry recovery

CHANEL Ltd., Chopard Group and Chow Tai Fook Jewellery Co. Ltd. will emerge as major online jewelry market participants during 2020-2024

The online jewelry market is expected to grow by USD 19.88 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the online jewelry market in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201102005657/en/

Technavio has announced its latest market research report titled Global Online Jewelry Market 2020-2024 (Graphic: Business Wire)

Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19

The online jewelry market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.

  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.

  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- as well as post-COVID-19 market estimates

  • Quarterly impact analysis and updates on market estimates

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Major Three Online Jewelry Market Participants:

CHANEL Ltd.

CHANEL Ltd. operates its business through segments such as Haute couture, Fashion, Fine Jewelry, and Others. The company offers fine jewelry such as rings, bracelets, necklaces, and earrings.

Chopard Group

Chopard Group operates its business through segments such as Jewellery, Watches, and Accessories. The company offers luxury jewelry such as rings, bracelets, earrings, and necklaces.

Chow Tai Fook Jewellery Co. Ltd.

Chow Tai Fook Jewellery Co. Ltd. operates its business through segments such as Mainland China and Hong Kong, Macau, and other markets. The company offers various brands such as ARTRIUM, JEWELRIA, and HEARTS ON FIRE.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/online-jewelry-market-industry-analysis

Online Jewelry Market 2020-2024: Segmentation

Online jewelry market is segmented as below:

  • Product

    • Fine Jewelry

    • Fashion Jewelry

  • Geographic Landscape

    • North America

    • Europe

    • APAC

    • MEA

    • South America

The online jewelry market is driven by innovation in jewelry design and technology. In addition, other factors such as the rise in Internet penetration and m-commerce are expected to trigger the online jewelry market toward witnessing a CAGR of over over 15% during the forecast period.

Get more insights about the global trends impacting the future of online jewelry market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43528

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Competitive scenario

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201102005657/en/

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