Men’s Jewelry Market Size, Share, By Product (Necklace, Ring, Earrings, Bracelet, Other Products), By Type (Original and Artificial), By Category (Branded and Unbranded), By Distribution Channel (Online and Offline), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI552724 | Publish Date: July 2024 | No. of Pages: 182

Mens Jewelry Market Overview

  • In 2024, the men’s jewelry market size was worth USD 35.87 billion.
  • By 2034, the market is expected to be worth USD 75.9 billion.
  • The market is expected to grow at a CAGR of 8.6%.

Men's jewelry refer to the accessories a man would wear to complement and enhance his masculine style. The jewelry include watches, rings, bracelets, necklaces, cuff links, and tie clips. In comparison with women's jewelry, men's was always more subdued, though it is changing with time as timeless and modern styles are both accessible now-a-days. The continuously changing societal norms is expected to drive market growth during the forecast period.

Key Takeaways:

  • North America is expected to the most dominating region in the market. The growth is attributed to the high disposable income and high spending on luxury goods in the region.
  • Asia Pacific is expected to witness high growth in the market owing to the rising middle class disposable incomes.

Men’s Jewelry Market Research Report

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Mens Jewelry Market Drivers & Restraints

Key Drivers of Target Market:

Changing Societal Norms to Fuel Market Growth

  • Historical gender roles are changing, and so is the definition of masculinity. Previously unreceptive to fashion, men are more comfortable nowadays in using jewelry as a tool of expression. This change in perception is based on factors such as growth in metrosexual culture, exposure through media to a plethora of styles, and greater tolerance for expression from both genders.

Emphasis on Personalization Propels Market Expansion

  • They want unique, bespoke pieces that reflect their character. Options to engrave initials, birthstones, or meaningful words on rings, pendants, and bracelets gain even more interest. Added to this trend lies an additional sentimental value and attachment to the jewels. With such services in customization, brands can answer the increasing demand and offer a much more personal experience while shopping.

Restraints:

Societal Perceptions May Impede Market Expansion

  • Deep-seated traditional gender roles and stereotypes can limit men's propensity to adorn themselves with jewelry. This is the case in some cultures and professions. Overcoming these perceptions is critical to driving market size. Marketing campaigns that depict a diversity of men confidently wearing jewelry help break the ice of those stereotypes and motivate other demographics. Moreover, male celebrities and social influencers who unashamedly show an interest in jewelry may prove wonderful partners in normalizing acceptance across all demographics.

Opportunities:

Expanding Product Categories May Create Better Opportunities in the Future

  • Serve niche interests with personalized and tech-infused products, and watch the men's jewelry market grow. There can be niche jewelry lines that cater to focused demographics, for example, sportspeople, musicians, or professionals from certain industries by their professions-inspired designs. Options for customization, engraving of initials or birthstones. For instance, it can help in developing a closer connection with customers, allow self-expression, and increase the perceived value of jewelry. Also, technology in jewelry pieces will be helpful to allure the younger generation. Presently, smart jewelry that includes health tracking facilities or wearable working seamlessly with smartphones is going to put brands ahead in the game.

Mens Jewelry Market Segmentations & Regional Insights

The men’s jewelry market is segmented into product, type, category, distribution channel, and region.

Product Insights:

The market is classified into necklace, ring, earrings, bracelet, and other products based on products. The ring segment is expected to witness a large growth in the market as they are one of the most used forms of men’s jewelry globally.

Type Insights:

On the basis of type, the market bifurcated into original and artificial. The artificial segment is expected to dominate the market owing to their high demand for fashion jewelry and costumes globally.

Category Insights:

By category, the market is divided into branded and unbranded. The branded segment is the dominant segment in the market as they provide quality assurance and prestige related with a recognized label.

Distribution Channel Insights:

Under distribution channel, the market is segmented into online and offline. The offline segment is projected to lead the market as it allows to physically visit the store and inspect the quality of the jewelry and buy.

Regional Insights:

Geographically, the men’s jewelry market is analyzed across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

  • North America: High disposable income, strong fashion culture, and high spending on luxury goods drive the North American market for men's jewelry. This would also include the potential markets of the United States and Canada, where there is a tendency toward high-end branded and unique handmade pieces of jewelry.
  • Asia Pacific: The region has huge growth potential in the men's jewelry market, notably in countries such as China, India, and Japan. Demand is driven by growing disposable incomes, increasing middle class, and a mix of conservative taste and modern outlook. The region is also one of the biggest jewelry producers, and the wide array of supplies dictates its diversity

Men’s Jewelry Market Report Scope:

Attribute

Details

Market Size 2024

USD 35.87 Billion 

Projected Market Size 2034

USD 75.9 Billion

CAGR Growth Rate

8.6%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product - Necklace, Ring, Earrings, Bracelet, and Other Products.

By Type – Original and Artificial.

By Category – Branded and Unbranded

By Distribution Channel – Online and Offline

Regional scope

North America - U.S. and Canada

Europe – U.K., Germany, Spain, France, Italy, Russia, and Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, and Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, and Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Product:

  • Necklace
  • Ring
  • Earrings
  • Bracelet
  • Other Products

By Type:

  • Original
  • Artificial

By Category:

  • Branded
  • Unbranded

By Distribution Channel:

  • Online
  • Offline

By Region:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Mens Jewelry Market Competitive Landscape & Key Players

The men’s jewelry market comprise of key players, such as Tiffany & Co., Cartier, Rolex, and others. The major players in the market are introducing new line of products to enhance their product portfolio and gain competitive edge among competitors.

List of Key Players in the Market:

  • Tiffany & Co.*
  • Cartier
  • Bvlgari
  • Rolex
  • David Yurman
  • Pandora
  • Chanel
  • Gucci
  • Louis Vuitton
  • Hermès
  • Zales
  • Signet Jewelers
  • Blue Nile
  • James Avery
  • John Hardy
  • LVMH Moët Hennessy Louis Vuitton
  • Swarovski
  • Chopard
  • Giorgio Armani
  • Kay Jewelers

Men’s Jewelry Market Key Players

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Mens Jewelry Market Recent News

  • In January 2024, Louis Vuitton launched a new line of jewelry products allegedly for men but marketed as unisex. Louis Vuitton is expanding its fine jewelry offerings with a new collection named "les Gastons Vuitton". The jewelry, described as "unisex" by the luxury trunk maker, is largely aimed at a previously underrepresented male demographic with enormous commercial potential. As the name implies, this collection of 18 masculine-looking pieces was designed as a lively tribute to the House's past, in light of younger generations' more relaxed attitudes toward jewelry.
  • In November 2023, Kalyan Jewellers launched a new men's jewelry line for International Men's Day. In honor of International Men's Day, famous jewelry firm Kalyan Jewellers introduced its latest collection, Senhor, a unique range of men's jewelry. The launch campaign includes Amitabh Bachchan, the brand's spokesperson, displaying the jewelry pieces. The Senhor collection, inspired by the Portuguese phrase for 'sir' or 'gentleman,' is intended to suit the modern man's desire for distinctive and significant accessories. Senhor's jewelry line comprises neckpieces, necklaces, rings, and bracelets made of gold, platinum, rose gold, and white gold, and diamonds.

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Mens Jewelry Market Company Profile

Company Name

Tiffany & Co.

Headquarters

New York, U.S.

CEO

Anthony Ledru

Employee Count (2019)

14,200 Employees

FAQs

Men’s Jewelry Market Size was valued at USD 35.87 Billion in 2024 and is expected to reach USD 75.9 Billion by 2034 growing at a CAGR of 8.6%.

Men’s Jewelry Market is segmented into Product, Type, Category, Distribution Channel, and Region.

Factors driving the market include the changing societal norms and emphasis on personalization.

The Men’s Jewelry Market's restraints include societal perceptions.

The Men’s Jewelry Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Men’s Jewelry Market include Tiffany & Co., Cartier, Bvlgari, Rolex, David Yurman, Pandora, Chanel, Gucci, Louis Vuitton, Hermès, Zales, Signet Jewelers, Blue Nile, James Avery, John Hardy, LVMH Moët Hennessy Louis Vuitton, Swarovski, Chopard, Giorgio Armani, and Kay Jewelers.