Global Cufflinks Market - Market Analysis 2015-2019
Global Cufflinks Market:Market Analysis 2015-2019
Covering:This report covers the growth prospects of the global cufflinks market with segmentations based on product types and retail formats. In addition to this, the report gives an overview of the global jewelry market and global accessories market. Market shares for key geographies include APAC, Europe, North America, and ROW. It also includes an insightful analysis of the leading vendors of this market such as Cartier, Louis Vuitton, Montblanc, Paul Smith, and Tiffany.
Outlook of global cufflinks market
The increasing online retailing drives the sales of cufflinks, and the market is expected to reach a CAGR of over 9.87% during the forecast period. The rise in urbanization and per capita expenditure in developing countries also contribute to market growth. For instance, according to the Ministry of Statistics and Program Implementation, India's total disposable personal income grew by 5.7% and reached $2,097.23 billion in 2014. This rise in GDP led to an increase in purchasing power among consumers.
The manufacturers are also offering customized cufflinks to customers such as incorporating photo and monograms, contributing to market growth.
Market segmentation of global cufflinks market by product type
Technavio Announces the Publication of its Research Report – Global Cufflinks Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Cufflinks Market: Louis Vuitton, Tiffany, Paul Smith, Cartier and Montblanc
Other Prominent Vendors in the market are: Armenta, Burberry, Chanel, Cufflinks.com, Dolce & Gabbana, Giorgio Armani, Gucci, Hugo Boss, Prada, Ralph Lauren, and Tateossian.
Commenting on the report, an analyst from Technavio’s team said: “Varying customer preferences in terms of style, design, and comfort are fueling the demand for customized cufflinks globally. In response to the changing needs and demands of consumers, many manufacturers have introduced customized cufflinks, incorporating photos, monograms, and so on. The growing demand for customization is expected to drive the global cufflinks market in the forecast period.”
According to the report, the growth in online retailing has contributed to market growth. There is also a newfound demand for customized cufflinks that incorporate photos and monograms. Newer product ideas have also refreshed the demand for cufflinks.
Further, the report states that as this is a niche market, competition is rife among vendors and often results in price wars.
Louis Vuitton, Tiffany, Paul Smith, Cartier, Montblanc, Armenta, Burberry, Chanel, Cufflinks.com, Dolce & Gabbana, Giorgio Armani, Gucci, Hugo Boss, Prada, Ralph Lauren, Tateossian.