Cufflinks Market Scope
Cufflinks are items of jewelry that are used to secure the cuffs of dress shirts or for fastening shirt cuffs closed. The front sections of the cufflinks can be decorated with gemstones, inlays, inset material or enamel and designed in two or three-dimensional forms. Cufflinks can be manufactured from a variety of different materials, such as glass, stone, leather, metal, precious metal or combinations of these. Securing of the cufflinks is usually achieved via toggles or reverses based on the design of the front section, which can be folded into position.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tiffany (United States), Deakin & Francis (United Kingdom), Chanel (France), Armenta (United States), Dolce & Gabbana (Italy), Gucci (Italy), Giorgio Armani (Italy), Gianni Versace S.r.l. (Italy), Stefano Ricci (Italy) and Pranga & Co. (Canada) |
CAGR | % |
Cufflinks is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preferences of consumers. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Italy Vendors will contribute to the maximum growth of Global Cufflinks market throughout the predicted period.
Tiffany (United States), Deakin & Francis (United Kingdom), Chanel (France), Armenta (United States), Dolce & Gabbana (Italy), Gucci (Italy), Giorgio Armani (Italy), Gianni Versace S.r.l. (Italy), Stefano Ricci (Italy) and Pranga & Co. (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hugo Boss (Germany), Paul Smith (United Kingdom), Cartier (France), Tateossian (United Kingdom), Burberry (United Kingdom), Louis Vuitton (France), Tod's (Italy) and Montblanc (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cufflinks market by Type and Region with country level break-up.
On the basis of geography, the market of Cufflinks 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In January 2021, LVMH Moët Hennessy Louis Vuitton SE, the world’s leading luxury products group, announced today that it has completed the acquisition of Tiffany & Co. the global luxury jeweler. The acquisition of this iconic US jeweler will deeply transform LVMH’s Watches & Jewelry division and complement LVMH’s 75 distinguished Maisons.
On October 29, 2018, Pranga & Co. has introduced the world’s first-ever real banknotes in the design of cufflinks. The initial release of the "Numis Collection" series features banknotes from over a dozen countries including Canada, Sweden, France, and Ireland.
Influencing Trend:
Interchangeable Cufflinks and Consumers Shift towards Customization of Cufflinks
Market Growth Drivers:
A rapid increase in the jewelry and fashion industry across the globe owing to the rise in disposable income of the middle class in an emerging economy is the key driving factor for the growth of the market., Growing Demand for Luxurious Goods & Accessories among People and Celebrity Brand Endorsements
Challenges:
Fluctuating Prices of Raw Material
Restraints:
High Cost owing to Precious Metals and Gems
Opportunities:
Rising Popularity of Gold and Silver Cufflinks among Professionals and Growing Number of E-Commerce Platforms
Key Target Audience
Cufflinks Manufacturers, Jewelry and Fashion Brands, Raw Material Suppliers and Distributors/Suppliers