South India to Lead India Gems and Jewelry Market through 2024
Rising middle class
population coupled with changing lifestyle to fuel India gems and jewelry
market through 2024
According to TechSci Research
report, “India
Gems and Jewelry Market By Type, By Distribution Channel, Competition,
Forecast & Opportunities, 2024”, gems and jewelry market 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 112 Pages and an
in-depth TOC on "India Gems and Jewelry
Market"
https://www.techsciresearch.com/report/india-gems-and-jewelry-market/4057.html
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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“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-based global management consulting
firm.
“India
Gems and Jewelry
Market By 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 India gems and jewelry market.
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