Rising middle class
population coupled with changing lifestyle to fuel India gems and jewelry
market through 2024
According to TechSci Research
report, “IndiaGems
and JewelryMarketBy Type, By Distribution
Channel,Competition, Forecast & Opportunities, 2024”, gems and jewelrymarket in
India is projected to continue growing in the coming years on account of rising
presence of international and domestic players, increasing westernization and
aggressive marketing strategies adopted by various players. Changing lifestyle
preferences are boosting brand consciousness and inclination of consumers
towards western brands, which in turn is resulting in huge demand for exclusive
designer jewelry. Moreover, increasing personal disposable income, growing middle
class population, improving standard of living in urban areas, and consumer inclination
towards investing into gems and jewelries are some of the other factors that
would drive the market.
Browse market data Tables and Figures spread
through 112Pages and an in-depth
TOC on
"India Gems and Jewelry Market"
South India accounted for the
largest market share in 2018 and is expected to continue its market dominance
during the forecast period, on the back of increasing disposable income, launch
of innovative and imported products,and growing consumer inclination towards western
culture. Additionally, the region boasts the presence of leading gems and
jewelry market players with multiple exclusive showrooms and multi-brand retail
outlets. Malabar Gold Private Limited, Titan Company Limited, Kalyan
Jewellers India Private Limited, PC Jewellers Limited and Gitanjali Gems
Limited are some of the leading market players.
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According to
TechSci Research“Gems and jewelry market is growing at a significant pace in
India. Growing purchasing power, rapid urbanization and rising young population
coupled with changing consumer preferences and inclination towards innovative
products is boosting the demand for different types of jewelry such as diamond
in gold jewelry and platinum jewelry across the country. All the
above-mentioned factors would provide lucrative growth opportunities to players
operating in India gems and jewelry market over the course of next five
years.”, said, Mr. Karan Chechi Research Director with TechSci Research, a research-basedglobal
management consulting firm.
“India
Gems and JewelryMarketBy Type, By Distribution Channel, Competition, Forecast
& Opportunities, 2024” has
evaluated the future growth potential of gems and jewelry market in India and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Indiagems and jewelry market.
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