About Finger Ring
Finger Ring is a round metal band worn as a jewelry. It can be made of gold, silver or platinum. The people wear it as an ornament or the display of wealth. The ring is also the symbolic function of marriage and worn on the left hand in some countries. Due to the rise in disposable income and its uses in functions such as marriage there is rise in demand of the product.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States, France Vendors will contribute the maximum growth to Global Finger Ring market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tiffany&Co (United States), Cartier (France), Bvlgari (Italy), VanCleef&Arpels (France), Harry Winston (United States), DERIER (France), Damiani (Italy), Boucheron (France), MIKIMOTO (Japan) and SWAROVSKI (Europe) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lukfook (Hong Kong), Chowtaiseng (China), Yuyuan (China), Kimberlite (United States), Chow Tai Fook (Hong Kong) and Laofengxiang (China).
Segmentation Overview
AMA Research has segmented the market of Global Finger Ring market by Type (Platinum Ring, Gold Ring, Diamond Ring and Others), Application (Men and Women) and Region.
On the basis of geography, the market of Finger Ring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution, the sub-segment i.e. Online Store will boost the Finger Ring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improved Lifestyle in Emerging Economies and Increasing Demand for Customized Finger Ring
Market Growth Drivers:
Changing Style Statement Fueled by Rising Disposable Income, Emphasizing on Innovative Designs for Finger Ring and Increasing Demand from Fashion Industry
Challenges:
Lack of Acceptance in Low Income Group and Fluctuating Raw Material Prizes
Restraints:
High Cost Associated with Finger Rings and Limited Raw Materials Available
Opportunities:
Increasing Disposable Income in Low and Middle-Income Countries, Increasing Online Market for Jewelry and Rising Focus Among Millennial
Market Leaders and their expansionary development strategies
In October 2023 tiffany & Co. Launched of Its Latest Jewelry Collection: Tiffany Forge Crafted from sterling silver.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies, Organisations and Forums
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.