The jewelry organizer market is projected to expand to reach a valuation of US$ 27.5 billion in 2023 and is projected to exhibit a CAGR of 8% from 2023 to 2033 and reach US$ 69.25 billion in 2033. Jewelry organizers are employed to hold jewelry attainable.
The jewelry organizer is used to keep jewelry easily available. It helps to store bracelet, necklace, rings and other products in one place. It is gaining more traction to increase she lf life and shine of the costly jewelry from dust, debris and other harmful factors.
Shopkeepers are having more preference for jewelry organizer to increase anti-theft protection to the luxurious jewelry products.
Therefore, key players are manufacturing jewelry organizer with digital code locks and manual key locks. Moreover, jewelry organizer gives an excellent presentation of the jewelry which further increases its demand in multiple.
It increases the astatic looks of the jewelry. Jewelry organizer is available in various shapes, sizes and patterns. Among these, flat jewelry organizers are highly preferred in the stores as it occupies less space and easily accommodates the crowded closets.
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On the backdrop of rising demand for luxury jewelry, jewelry organizer market is expected to take a giant leap over the forecast period. The most obvious features of jewelry organizer such as convenience, ease of handling, portable, little efforts, less messy and finer work, more demand for jewelry organizer is witnessed among women.
All these factors bring plenty of opportunities for jewelry organizer manufacturing companies and distributors to enter the global market and capture untapped regions.
Additionally, rising e-commerce penetration globally stimulating the growth of jewelry organizer market, as these online platforms allow retails as well as consumers to sell or buy many products at once and thus, in turn, reduces overall lead time.
Therefore, it is anticipated that the growth of jewelry organizer market is expected to increase in multiples during the forecast period.
Jewelry Organizer Market: Dynamics
Consumer inclination towards luxurious and artistic/antique jewelry products across the continents is the prime factor for accelerating the jewelry organizer market growth up to a great extent. Moreover, some of the jewelry manufacturing industries are considering these organizers as a promotional tool for boosting sales and creating brand image.
This further drives the global jewelry organizer market significantly. Urbanization and increasing awareness about the storage of personal belongings are further giving thrust to bolster demand for jewelry organizer in various countries.
As per the changing living standards and market trend, shopkeepers are having more demand for eye-catchy jewelry organizer which easily gain the attention of the buyers.
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The innovative designs and colours in jewelry organizer are further creating more opportunities for the growth of jewelry organizer market.
The key trend adopted by the players to provide more convenient and handy jewelry organizer to the customers such as smooth finished jewelry organizer, magnetic closures, and safety provision in the boxes further projected to create exponential opportunities for the jewelry organizer market.
However, consistently increasing prices of the jewelry organizer might restrain the market growth up to a certain extent. Additionally, amide COVID 19 pandemic, people are spending more on life-essential products compared to luxury products and jewelry.
Owing to fluctuating economic conditions of many countries, the growth of jewelry organizer market is expected to decline slightly in 2020-2021.
Jewelry Organizer Market: Regional Outlook
The demand for jewelry organizer market is further analyzed based on geography. The market is categorized into Europe, East & South Asia, North America, MEA, Oceania, and Latin America.
It is witnessed that, the people in North America and Europe are spending more on luxurious jewelry products which propel more demand for jewelry organizer.
North America and Europe jewelry organizer markets seem to be a mature market and anticipated to hold prominent market shares during the forecast period. Furthermore, in South and East Asia, striking adoption of jewelry organizer and adequate presence of prominent manufacturers in the regions is bolstering the demand for jewelry organizer.
The key players in the jewelry organizer are increasing their footprints in Latin America and Middle East & Africa as these regions provide opportunities owing to increasing disposable income and more inclination towards maintaining the good lifestyle to some extent. Oceania market is expected to expand with a moderate growth rate during the forecast period.
Jewelry Organizer Market: Key Players
Several regional and unorganized players are expected to contribute to the jewelry organizer market, particularly in the North America and Asia Pacific regions. Thus, the market seems to be very much fragmented and is anticipated to be highly competitive.
Jewelry Organizer Market: Segmentation
By Basis of Product Type:
- Boxes
- Bags and Pouches
- Trays
- Stands
- Armoire
- Others (Wallet, Clutches, Rolls, etc.)
By Basis of Material:
- Paper and Cardboard
- Plastic
- Wooden
- Others (Steel, Marble, etc.)
By Basis of Sales Channel:
- Direct
- Indirect
- Supermarkets/Hypermarkets
- Retail Stores
- Others (Online Platform, etc.)
By Basis of Mounting:
- Wall mounted
- Hanging
- Rotating shelf
- Others
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