PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478659
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478659
The Europe men's jewelry market size is expected to reach USD 12,911.40 Million by 2032, according to a new study by Polaris Market Research. The report "Europe Men's Jewelry Market Share, Size, Trends, Industry Analysis Report, By Product (Necklace, Ring, Earrings, Bracelet, Other Products); By Type; By Category; By Distribution Channel; By Age; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for men's jewelry in Europe is continuing to experience steady growth, driven by changing fashion trends, evolving attitudes towards male adornment, and the increasing popularity of accessorizing among men. Consumers in Europe, particularly in countries with strong luxury fashion traditions such as Italy, France, and the United Kingdom, are increasingly accepting and adopting a diverse range of jewelry pieces, including necklaces, bracelets, and rings. To cater to this demand, manufacturers are introducing a diverse collection of men's jewelry.
Furthermore, the European market is benefiting from the proliferation of online retail channels, which is providing consumers with greater accessibility to a wide range of men's jewelry styles and brands. While traditional precious metals like gold and silver remain popular choices, contemporary designs featuring alternative materials such as stainless steel, titanium, and leather are also in growing demand, catering to a wider range of tastes.
The ever-changing fashion landscape largely drives the growth of the European men's jewelry market. As societal changes influence fashion trends, men's attitudes towards accessorizing have transformed significantly. Jewelry has become a popular means of self-expression, style, and individuality for men. This shift in attitude has created new opportunities for jewelry designers and retailers to cater to a growing market segment. As fashion trends evolve, there is a continuous demand for innovative and contemporary designs that resonate with the modern man's aesthetic preferences.
In 2023, the ring segment dominated Europe's men's jewelry market owing to its cultural significance and versatility. Rings have been an integral part of European culture for long, serving as markers of social status, commitment, or personal style.
The market is expected to witness a substantial CAGR in the online segment during the forecast period. This growth can be attributed to the rise in the prevalence of e-commerce platforms, which offer consumers easy accessibility and convenience to a broad range of men's jewelry options.
The market is anticipated to witness substantial growth in Italy. The Italian men's jewelry market is characterized by its liveliness and dynamism, which can be attributed to the country's affluent history in the realms of design and craftsmanship.
The key market players include Buccellati (Compagnie Financiere Richemont SA), Bulgari (LVMH Moet Hennessy Louis Vuitton SE), Cartier (Compagnie Financiere Richemont SA), Completedworks, Hatton Labs, le gramme, LVMH Group, PANDORA JEWELRY LLC, Shaun Leane, Swarovski, The Great Frog, TOM WOOD, etc.
Polaris Market Research has segmented the Europe men's jewelry market report based on product, type, category, distribution channel, age, and country: