In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Wedding Ring market for 2018-2023.
A wedding ring or wedding band is a finger ring that indicates that its wearer is married. It is usually forged from metal, and traditionally is forged of gold or another precious metal.
Globally, the Wedding Ring industry market is low concentrated as the manufacturing technology of Wedding Ring is relatively matures than some high-tech equipment. And some enterprises, like Cartier, Tiffany, Laofengxiang, etc. are well-known for the wonderful performance of their Wedding Ring and related services. At the same time, China, occupied 32.62% production market share in 2016, is remarkable in the global Wedding Ring industry because of lowest cost of raw material and labor, and the huge population base.
In terms of technology, there is plenty room for improvement. The current market was mainly occupied by the existing enterprises, under the premise of the future demand growth and technological processes, the new entrants into the wedding ring industry business should be able to occupy a certain market share. Therefore, new entrants must develop technical and master internal control, to seize the domestic and foreign markets in the future.
Over the next five years, LPI(LP Information) projects that Wedding Ring will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Wedding Ring market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Platinum Wedding Ring
Gold Wedding Ring
Diamond Wedding Ring
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Chow Tai Fook
Chow Sang Sang
Charles & Colvard
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Wedding Ring consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Wedding Ring market by identifying its various subsegments.
Focuses on the key global Wedding Ring manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Wedding Ring with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Wedding Ring submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.