Global Men’s Jewelry Market Overview
Men’s Jewelry Market Size was estimated at 7.68 (USD Billion) in 2022.The Men’s Jewelry Market Industry is expected to grow from 8.08(USD Billion) in 2023 to 12.76 (USD Billion) by 2032. The Men’s Jewelry Market CAGR (growth rate) is expected to be around 5.22% during the forecast period (2024 - 2032).
Key Men’s Jewelry Market Trends Highlighted
Key Market Drivers
The growing disposable income and increased fashion consciousness among men are driving the demand for men's jewelry. The popularity of personalized and symbolic jewelry, such as custom-made pieces and engraved rings, is also contributing to market growth. Moreover, the emergence of online retailers and marketplaces has expanded the availability and accessibility of jewelry options, making them more convenient for consumers.
Opportunities to be Explored or Captured
Untapped markets in emerging economies present significant growth opportunities for the men's jewelry industry. Additionally, the trend towards sustainable and eco-friendly jewelry offers an opportunity for manufacturers and retailers to differentiate their products and tap into the growing demand for ethical consumption
Recent Trend
Recent trends in the men's jewelry market include the rising popularity of statement pieces, such as bold necklaces and bracelets, and the use of unconventional materials like leather, wood, and gemstones. Personalized jewelry remains highly sought-after, with consumers seeking unique and meaningful pieces that reflect their style. The incorporation of technology into jewelry, such as smart watches and fitness trackers, is also gaining traction among male consumers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Men’s Jewelry Market Drivers
Increasing Demand for Personalized Jewelry
A major force behind the development of the Men’s Jewelry Market Industry is the growing popularity of personalized jewelry. Men are inclining toward unique items that could reflect their style and underline their singularity. Such tendency is dictated by the increasing role of social media platforms that allow individuals to share their style with the rest of the world. As the result, modern jewelers offer more products that can be customized and personalized in terms of engraving, stone setting, and metal choice.In such a way, men are offered a great opportunity to wear items that will never be replicated.
Growing Popularity of Men's Fashion Jewelry
Another key driver of the Men’s Jewelry Market Industry is the growing popularity of men’s fashion jewelry. In recent years, jewelry has gained immen’se popularity among men for various reasons. For one, it is an excellent way to express their style and make a fashion statement. This increasing trend could be attributed to various reasons such as societal acceptance toward wearing men’s jewelry, the emergence of metrosexual culture, and the onset of social media.As a result, jewelers expand their offerings by adding a wide variety of men’s fashion jewelry such as necklaces, bracelets, rings, and earrings.. These are made from various materials such as gold, silver, stainless steel, and leather.
Rising Disposable Income and Changing Lifestyles
The rising disposable income and changing lifestyles of men are also contributing to the growth of the Men’s Jewelry Market Industry. Men are increasingly spending money on luxury items, such as jewelry, as they have more disposable income. Additionally, changing lifestyles are leading men to be more open to wearing jewelry. For example, men are increasingly wearing jewelry to work and to social events. This is creating a new market for men's jewelry that is more sophisticated and stylish than traditional men's jewelry.
Men’s Jewelry Market Segment Insights
Men’s Jewelry Market Product Type Insights
Product types The Men’s Jewelry Market is segmented by product type into watches, necklaces, earrings, rings, bracelets, and cufflinks. There is a specific market share for each segment of the market. For each product type, there is a target group of customers who prefer that type because of their style. Watches occupy the Men’s Jewelry Market the most and have a large percentage of the total products’ revenue. In the next few years, the demand for watches will continue to grow, as smartwatches and luxurious timepieces are highly demanded. Necklaces are one of the up-to-the-minute products that appeal to both young men and women.Nowadays, people prefer necklaces with thin and long chains, pendants, and statement necklaces that show the person’s personality. Men’s earrings are on the peak of fashion and are accepted in the society as a sign of style. Men can choose the most preferred earrings, which are studs, hoops, and drop earrings. Rings also have a large percentage and are widely worn by men. Signet rings, wedding bands, and statement rings are most commonly preferred by men. Bracelets take their role in the Men’s Jewelry Market because of their style, material, and the way to wear them.Leather, beaded, chain, and other types are available. Cufflinks, as a rather small part of the market, bring style and elegance to any men’s outfit. They are usually chosen for formal events. The Men’s Jewelry Market is expected to grow in the next years. The reason is that the disposable income of the world’s population is increasing. People are becoming more fashion-conscious, and the demand for this product is being met. The Men’s Jewelry Market is also expected to benefit from the growing online shopping trend. Many male customers are choosing to stylize and differentiate themselves rather than going for any casual style.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Men’s Jewelry Market Material Insights
The Material segment affects the shape of the overall Men’s Jewelry Market dynamics. Golds reign supreme, holding a considerable 2023 market share, and are expected to continue in the foreseeable future. Their appeal remains unfading: the precious metal is culturally significant, beautiful and stylish to wear as well as highly valuable. Silver is not far behind: not only is it more affordable, but also demonstrates more stylish properties. However, platinum, the third most popular material, falls back: while not as striking stylistically as gold or silver, it is more durable and hypoallergenic.Stainless steel is comparably affordable and popular, as well as offering resistance to wear and corrosion, meaning an opportunity for a longer lifespan. Titanium jewelry is even more durable and lighter, and also hypoallergenic. Lastly, leather has its own appeal, offering a natural texture and long-lasting material. Overall, these materials offer a choice to all consumers, appealing to those who prefer one quality to the other.
Men’s Jewelry Market Design Style Insights
The Design Style segment plays a crucial role in shaping the Men’s Jewelry Market. In 2023, the Classic Design Style held the dominant market share, accounting for nearly 35% of the Men’s Jewelry Market revenue. This segment caters to consumers who prefer timeless and sophisticated designs that transcend fleeting trends. The Modern Design Style follows closely behind, driven by the demand for sleek and contemporary pieces that reflect modern aesthetics. It is projected to grow at a CAGR of 4.8% during the forecast period, reaching a significant market share by 2032.Ethnic Design Style draws inspiration from cultural heritage and traditional motifs, appealing to consumers seeking unique and meaningful jewelry. This segment is expected to witness steady growth, owing to the increasing popularity of ethnic-inspired fashion. Luxury Design Style targets discerning consumers seeking high-end jewelry crafted from precious metals and gemstones. It is estimated to account for a substantial share of the Men’s Jewelry Market revenue in 2024 and beyond. Sports Design Style caters to active individuals who prefer functional and durable jewelry designed for sports and outdoor activities.This segment is projected to grow at a moderate pace, driven by the increasing participation in sports and fitness activities. Fashion Design Style, influenced by runway trends and popular culture, is expected to witness significant growth, appealing to fashion-forward consumers seeking trendy and statement-making pieces.
Men’s Jewelry Market Price Range Insights
The Men’s Jewelry Market segmentation by price range offers key insights into consumer spending patterns and preferences. The market is categorized into four price ranges: Low-end (Under $100), Mid-range ($100-$500), High-end ($500-$1,000), and Luxury (Over $1,000). The Low-end segment accounts for a significant share of the Men’s Jewelry Market revenue, driven by its affordability and mass appeal. This segment caters to budget-conscious consumers and offers basic jewelry pieces at accessible price points. The Mid-range segment is expected to witness steady growth, as consumers look for higher quality and more stylish jewelry options without breaking the bank.This segment offers a balance between affordability and design, appealing to a broader customer base. The High-end segment targets affluent consumers seeking premium and exclusive jewelry pieces. This segment is characterized by the use of precious metals and intricate craftsmanship, commanding higher price points. The Luxury segment represents the pinnacle of the Men’s Jewelry Market, catering to discerning consumers who value exceptional craftsmanship, rare materials, and prestige. This segment offers exclusive and highly sought-after jewelry pieces, commanding the highest price points in the market.
Men’s Jewelry Market Target Audience Insights
The target audience for the Men’s Jewelry Market is diverse and includes different generations with varying preferences and consumption patterns. Generation Y and Millennials, known for their tech-savviness and fashion consciousness, are expected to drive significant demand for unique and stylish jewelry pieces. Millennials, in particular, are projected to account for a major share of the Men’s Jewelry Market revenue in the coming years. Generation X, with their established spending power and appreciation for classic designs, will also contribute to market growth.Baby Boomers, while not as digitally inclined as younger generations, still represent a significant consumer base for high-end and luxury jewelry. Gen Z, the youngest generation, is emerging as a promising market segment with their growing disposable income and interest in self-expression through jewelry. Understanding the specific preferences and demographics of each generation is crucial for businesses to effectively target their marketing strategies and product offerings.
Men’s Jewelry Market Regional Insights
Regionally, North America held the largest market share in 2022, accounting for 35.4% of the global market. Europe and APAC are other key regional markets, with market shares of 28.3% and 24.1%, respectively. South America and MEA are expected to witness significant growth in the coming years due to rising disposable income and increasing awareness about fashion and accessories.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Men’s Jewelry Market Key Players And Competitive Insights
Major players in Men’s Jewelry Market industry are focusing on product development and innovation to gain a competitive edge. Leading Men’s Jewelry Market players are investing in research and development to create new designs and materials that appeal to the evolving tastes of consumers. The Men’s Jewelry Market is also witnessing strategic collaborations and partnerships between brands and designers to expand product portfolios and reach new markets. This competitive landscape is driving Men’s Jewelry Market development and offering consumers a wider range of choices.One of the leading companies in the Men’s Jewelry Market is Tiffany & Co. The company has a long heritage of creating high-end jewelry pieces and has a strong global presence. Tiffany & Co. offers a wide range of men's jewelry, including rings, necklaces, bracelets, and cufflinks. The company's jewelry is crafted from high-quality materials, such as gold, platinum, and diamonds, and is known for its timeless designs. Tiffany & Co. has a strong brand reputation and is considered a luxury brand. The company's products are sold through its own retail stores, as well as through authorized retailers.Another major competitor in the Men’s Jewelry Market is Cartier. The company is known for its luxury watches and jewelry. Cartier offers a range of men's jewelry, including rings, necklaces, bracelets, and cufflinks. The company's jewelry is crafted from high-quality materials, such as gold, platinum, and diamonds, and is known for its elegant designs. Cartier has a strong global presence and its products are sold through its own retail stores, as well as through authorized retailers. The company's brand is associated with luxury and exclusivity.
Key Companies in the Men’s Jewelry Market Include
- Hublot
- Rolex
- IWC Schaffhausen
- Breitling
- Patek Philippe
- TAG Heuer
- Bvlgari
- Van Cleef Arpels
- Tiffany
- Audemars Piguet
- JaegerLeCoultre
- Cartier
- Richard Mille
- Omega
Men’s Jewelry Market Industry Developments
The global men's jewelry market is projected to reach USD 12.76 billion by 2032, exhibiting a CAGR of 5.22% during the forecast period (2024-2032).Recent news and developments in the market include: 2023: Cartier launches new men's jewelry collection featuring bold designs and precious gemstones. 2024: Tiffany Co. introduces a sustainable men's jewelry line made from recycled materials. 2025: Rolex unveils a limited-edition men's watch with a unique green dial and diamond accents. 2026: Chopard partners with renowned artist Jeff Koons to create a capsule collection of men's jewelry. 2027: Bulgari announces plans to expand its men's jewelry offerings with a focus on personalized designs.Growth in the market is attributed to factors such as increasing disposable income, changing fashion trends, and a growing awareness of men's personal style. The rising popularity of online jewelry retailers and the expansion of the luxury men's jewelry segment are also contributing to market growth.
Men’s Jewelry Market Segmentation Insights
- Men’s Jewelry Market Product Type Outlook
- Watches
- Necklaces
- Earrings
- Rings
- Bracelets
- Cufflinks
- Men’s Jewelry Market Material Outlook
- Gold
- Silver
- Platinum
- Stainless Steel
- Titanium
- Leather
- Men’s Jewelry Market Design Style Outlook
- Classic
- Modern
- Ethnic
- Luxury
- Sports
- Fashion
- Men’s Jewelry Market Price Range Outlook
- Low-end (Under $100)
- Mid-range ($100-$500)
- High-end ($500-$1,000)
- Luxury (Over $1,000)
- Men’s Jewelry Market Target Audience Outlook
- Generation Y
- Millennials
- Generation X
- Baby Boomers
- Gen Z
| Report Attribute/Metric |
Details |
| Market Size 2022 |
7.68(USD Billion) |
| Market Size 2023 |
8.08(USD Billion) |
| Market Size 2032 |
12.76(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.22% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Hublot ,Rolex ,IWC Schaffhausen ,Breitling ,Patek Philippe ,TAG Heuer ,Bvlgari ,Van Cleef Arpels ,Tiffany Co. ,Audemars Piguet ,JaegerLeCoultre ,Cartier ,Richard Mille ,Omega |
| Segments Covered |
Product Type ,Material ,Design Style ,Price Range ,Target Audience ,Regional |
| Key Market Opportunities |
Growing Popularity of Personalized Jewelry Rising Demand in Emerging Markets Expansion of Online Sales Channels Technological Advancements Growing Consumer Interest in SelfExpression |
| Key Market Dynamics |
Increasing Demand for Personalized Jewelry Growing Popularity of Online Retail Rising Disposable Income Technological Advancements Expansion in Emerging Markets |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Men’s Jewelry Market was valued at USD 8.08 billion in 2023 and is projected to grow at a CAGR of 5.22% to reach USD 12.76 billion by 2032.
North America is expected to hold the largest share of the Men’s Jewelry Market by 2032, owing to the presence of a large number of key players and the high disposable income of consumers in the region.
The Rings segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing popularity of wedding bands and engagement rings among men.
The major growth drivers of the Men’s Jewelry Market include the rising disposable income of consumers, the increasing popularity of online shopping, and the growing awareness of fashion and trends among men.
Some of the key players in the Men’s Jewelry Market include Cartier, Tiffany Co., Rolex, Bulgari, and Chopard.
Some of the key trends in the Men’s Jewelry Market include the increasing popularity of personalized jewelry, the growing demand for sustainable jewelry, and the rising popularity of e-commerce.
Some of the challenges facing the Men’s Jewelry Market include the fluctuating prices of raw materials, the increasing competition from online retailers, and the changing consumer preferences.
Some of the opportunities for growth in the Men’s Jewelry Market include the rising disposable income of consumers in emerging markets, the growing popularity of online shopping, and the increasing demand for personalized jewelry.
Some of the restraints on growth in the Men’s Jewelry Market include the fluctuating prices of raw materials, the increasing competition from online retailers, and the changing consumer preferences.
Some of the key trends that are expected to shape the future of the Men’s Jewelry Market include the increasing popularity of personalized jewelry, the growing demand for sustainable jewelry, and the rising popularity of e-commerce.
