Jewelry appearance is the prime concern for fashion industries and among women. Jewelry is continuously coming in contact with hard water deposits, dust, sweat, skin creams, and several other factors that might reduce its life and shine.
With the daily wear and tear, jewelry appearance becomes dull and non-lustrous. Jewelry cleaners are used to remove debris, dust, and tarnish and bring back the shine and smoothness of the jewelry like that of a new one.
Therefore, consumers are willing to adopt new and innovative technologies for jewelry cleaners that ensure shelf life and eye-catchy appearance of the jewelry. Attributing to these factors, magnasonic ultrasonic jewelry cleaners are gaining more traction in the global jewelry cleaners market.
Following this, demand for steam cleaners is expected to increase in double digits during the forecast period.
Many consumers also adopting manual cleaning mediums such as ammonia and ethyl alcohol-based solutions which help in retaining lustre for a longer duration. Owing to aforesaid benefits, the global jewelry cleaners market is expected to expand at an impressive growth rate during the forecast period.
Consumer inclination towards luxurious and artistic/antique jewelry products across the continents is the prime factor for accelerating the jewelry cleaners market growth up to a great extent.
The global jewelry market is estimated to expand at a prominent growth rate of 4% to 5% during the forecast period. This, in turn, expected to create exponential growth opportunities for jewelry cleaners market.
Furthermore, increasing awareness of the preservation of ancient jewelry among researchers and other people is creating significant thrust for the growth of jewelry cleaners market.
Prominent growth opportunities for jewelry cleaners market are anticipated on the backdrop of expansion of fashion and textile industries in the developed and developing countries.
However, there are few factors which might result in to slow down of jewelry cleaners market growth such as the cost of the cleaning process and rapidly changing jewelry trends. With the changing life style few people might switch to new jewelry purchase instead of cleaning and maintaining old jewelries.
At the same time, COVID 19 pandemic is expected to create a negative impact on the growth of jewelry cleaners market, as people are highly conscious about spending on life-essential products.
Therefore during COVID 19 pandemic the jewelry cleaners market is expected to decline slightly in 2020-2021. However, burgeoning sales of jewelry cleaners are anticipated in post-COVID phase due to the expansion of e-commerce platforms.
The analysis of global jewelry cleaners market has been divided as per seven regions such as Europe, North America, East Asia, South Asia, Middle East & Africa, Latin America, and Oceania.
MEA and Latin America markets are expected to pose a high potential for the growth of the jewelry cleaners market as the preference for luxurious jewelry is increasing among people, especially in women.
This will result in increased demand for jewelry cleaners in these regions. The East and South Asia markets are fastest-growing markets for jewelry cleaners owing to the adequate presence of prominent manufacturers and end-users in the regions.
Besides this, the growing trend of adopting fashion jewelry in India, Malaysia, and China is anticipated to propel lucrative growth opportunities for jewelry cleaners market in these countries in the next decade.
Furthermore, it is witnessed that in North America and Europe, consumer spending on jewelry cleaners is rapidly increasing to maintain shelf life and aesthetic looks of the antique jewelry for a longer duration. Oceania market is projected to register the notable market growth owing to product awareness in the region.
Jewelry cleaners market includes many organized and unorganized players which increases market rivalry. This market is highly fragmented and many new players are expected to enter in to the market for capturing significant growth opportunities. Some of the leading players of jewelry cleaners market are as follows:-
By Basis of Cleaning Equipment:
By Basis of Distribution Channel:
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Jewelry Cleaners Market
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