Germany Luxury Jewelry Market Size & Outlook, 2020-2028
Germany luxury jewelry market, 2016-2028 (US$M)
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Germany luxury jewelry market highlights
- The Germany luxury jewelry market generated a revenue of USD 956.4 million in 2020 and is expected to reach USD 1,622.0 million by 2028.
- The Germany market is expected to grow at a CAGR of 6.8% from 2021 to 2028.
- In terms of segment, gold was the largest revenue generating raw material in 2020.
- Platinum is the most lucrative raw material segment registering the fastest growth during the forecast period.
Luxury jewelry market data book summary
| Market revenue in 2020 | USD 956.4 million |
| Market revenue in 2028 | USD 1,622.0 million |
| Growth rate | 6.8% (CAGR from 2020 to 2028) |
| Largest segment | Gold |
| Fastest growing segment | Platinum |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gold, Platinum, Diamond, Gemstone, Precious Pearl |
| Key market players worldwide | Kering SA, The Swatch Group AG, Compagnie Financiere Richemont SA ADR, Lvmh Moet Hennessy Louis Vuitton SE, Signet Jewelers Ltd, Graff, Chopard International, Mikimoto, Pandora Jewelry Central Western Europe |
Other key industry trends
- In terms of revenue, Germany accounted for 11.7% of the global luxury jewelry market in 2020.
- Country-wise, UK is expected to lead the global market in terms of revenue in 2028.
- In Europe, UK luxury jewelry market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,884.3 million by 2028.
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Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany luxury jewelry market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury jewelry market will help companies and investors design strategic landscapes.
Gold was the largest segment with a revenue share of 30.08% in 2020. Horizon Databook has segmented the Germany luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
The luxury jewelry market in Germany has taken a serious blow due to the pandemic. Many nonessential stores were closed during the lockdown, thus, all jewelry retail stores remained shut. Moreover, due to a lack of social events, a decline in the demand for luxury jewelry was observed in 2020.
According to the Luxury Society, in 2020, demand for luxury goods contracted by 6% in Germany. Another reason for the decline in sales of luxury jewelry is German consumers becoming more prudent and selective in their spending.
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Target buyers of Germany luxury jewelry market databook
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Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany luxury jewelry market , including forecasts for subscribers. This country databook contains high-level insights into Germany luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Germany luxury jewelry market size, by raw material, 2016-2028 (US$M)
Germany Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
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