Showing posts with label Online Jewelry Market China. Show all posts
Showing posts with label Online Jewelry Market China. Show all posts

Thursday, April 16, 2015

Asia Online Jewellery Market Outlook to 2019 - Driven by Lucrative Discounts and Rising Online Buyers

·         Asia Online Jewellery Market is expected to reach USD 35 billion in terms of revenue by 2019.
·         Future growth of Asia online Jewellery industry is expected to be led by increasing internet penetration, rising living standards and personal disposable income of the Asian population.

Ken Research announced its latest publication on “Asia Online Jewellery Market Outlook to 2019 - Driven by Lucrative Discounts and Rising Online Buyers” which provides a comprehensive analysis of online Jewellery in India and China. Additionally, the report provides a snapshot of online Jewellery market in Japan, Singapore and Indonesia. The report covers various aspects such as market size of Asia online Jewellery market by revenue generated. Additionally, market segmentation on the basis of types of metals & gemstones, major regions and types of Jewellery has also been covered extensively for India and China. The report is useful for Online and Offline Jewellery retailers conducting operations in countries such as India, China, Japan, Singapore and Indonesia.

Asia Jewellery Market
The online Jewellery industry is one of the most dynamic industries and plays an important role in the luxury goods market across Asia. The growth has majorly originated from increasing internet penetration and rising disposable incomes. The Asia online Jewellery market has grown at a CAGR of ~% as it was valued at USD ~ million in 2011 and increased to USD ~ million by 2014.

The Indian online Jewellery market is at a nascent stage as the market was incepted in the year 2011. However, it has displayed robust growth as the market size increased from USD ~ million in 2011 to USD ~ million in 2014. The market comprises large players such Caratlane, Bluestone, Jewelsouk and Velvetcase among others. The average buying size differs from company to company and product to product in the Indian market. Caratlane has been dominating in the Indian market as it held a share of ~% in 2014. It was followed by Bluestone with a market share of ~%.

The Chinese market has grown exponentially over the past 6 years. It was valued at USD ~ million in 2014. The market continues to be fragmented due to the presence of over 100 online players. The market is dominated by Chow Tai Fook, Zbird, Chow Sang Sang and Zocai among others. Future growth of the market would be led by rise in demand in low tiered cities and deeper internet penetration. The Indonesian market comprises very few players namely Orori, Jaras jewelers and Silverberry. However, the average buying size is significantly higher in the Indonesian market as compared to the Indian and Chinese market.

In Singapore Annielka, Michael Trio and Hanna Lee are some of the major players in the market. The market provides ideal conditions for setting up an online Jewellery shop in the country. The Singaporean online Jewellery market was valued at USD ~ million in 2014. The Japanese Jewellery market continues to be dominated by offline retailers. Some of the major online players are Tsutsumi Jewellery, Tiffany and Co and Ginzatanaka among others.

According to the research report, the Asian online Jewellery market will grow at a considerable CAGR of ~% thus inclining to USD ~ million by 2019, due to increasing awareness about the uses of internet, increasing internet penetration and rising personal disposable income. According to an Industry Veteran “A hike in the investment activity and technological advancements will result in market growth. Additionally, safety concerns with respect to using internet for transactions and glitches in the online channel act as hindrances in the Asian online Jewellery market”.

Key Topics Covered in the Report:
-          Asia Online Jewellery Market
-          Asia Online Jewellery Market Segmentation by Geography
-          Asia Online Jewellery Market Future Outlook and Projections
-          Market Size of Online Jewellery by Revenue for India and China
-          Customer Profiles
-          Market Segmentation for India and China by
o   Types of Jewellery
o   Types of Metals and Gemstones
-          Trends and Developments
-          Major Opportunities
-          Major Challenges
-          Competition and Market Share
-          Future Outlook and Projections
-          Macro Economic Parameters
-          Snapshot of Japan, Singapore and Indonesia Online Jewellery Market
Companies Covered in the Report
-          Singapore: Annielka, Michael Trio, Abiraaame, Hanna Lee
-          Indonesia: Orori and Silverberry
-          Japan: Tsutsumi Jewellery, Ginzatanaka, Oztokyo, TiffanyJewellery
-          China: Chow Tai Fook, Chow Sang Sang, Zbird, Luk Food, Kela Diamond
-          India: CaratLane, Bluestone, JewelSouk, Candere, VelvetCase



Related Reports:
India Watch Industry Outlook to 2018 - Premium Segment and Online Retail to Lead the Growth

Source: https://www.kenresearch.com/consumer-products-and-retail/global-luxury-goods-market/asia-online-jewellery-market-research-report/634-95.html

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Ankur Gupta, Head Marketing & Communications
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