Jewelry Manufacturing in the US - Industry Market Research Report
Description
Jewelry Manufacturing in the US
Jewelry manufacturers produce jewelry items or silverware using precious or semiprecious metals and stones. Jewelry sales are largely discretionary in nature. Luxury and custom jewelry items are dependent on downstream demand from consumers. Per capita disposable income has increased in recent years, although these increases did not translate to higher demand in 2020, mainly due to increasing uncertainty. Similarly, the global price of gold and silver skyrocketed since the COVID-19 pandemic, with jewelry prices following closely. Manufacturers are characterized by significant price competition, resulting in falling demand amid higher prices. These factors have led to jewelry manufacturing revenue falling at a CAGR of 2.6% to an estimated $21.5 billion over the past five years, falling a projected 1.9% in 2023 alone.
Operators in this industry manufacture jewelry or silverware using precious or semiprecious metals and stones. Costume jewelry manufacturers, specialty coin producers and lapidaries (artisans that form stones, minerals and other durable materials into decorative items such as cameos and engraved gems) are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Jewelry manufacturers produce jewelry items or silverware using precious or semiprecious metals and stones. Jewelry sales are largely discretionary in nature. Luxury and custom jewelry items are dependent on downstream demand from consumers. Per capita disposable income has increased in recent years, although these increases did not translate to higher demand in 2020, mainly due to increasing uncertainty. Similarly, the global price of gold and silver skyrocketed since the COVID-19 pandemic, with jewelry prices following closely. Manufacturers are characterized by significant price competition, resulting in falling demand amid higher prices. These factors have led to jewelry manufacturing revenue falling at a CAGR of 2.6% to an estimated $21.5 billion over the past five years, falling a projected 1.9% in 2023 alone.
Operators in this industry manufacture jewelry or silverware using precious or semiprecious metals and stones. Costume jewelry manufacturers, specialty coin producers and lapidaries (artisans that form stones, minerals and other durable materials into decorative items such as cameos and engraved gems) are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
47 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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