Product Code: ETC016367 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore jewellery crafting tools market is expected to register a CAGR of 7.4% from 2020-2026. The growing demand for fashion and lifestyle jewelry in the country is driving the growth of the market. Moreover, the increasing number of millennial customers preferring handmade jewelry created with exclusive designs has further boosted the growth prospects of this sector. The availability of various innovative tools and equipment for creating intricate designs has also opened newer opportunities in this segment. Furthermore, rising disposable income among consumers will also support market growth over the forecast period.
Growing Demand for Fashion & Lifestyle Jewelry: Increasing consumer preference towards fashionable and trendy jewelry pieces has driven up demand for customized jewellery crafted with a variety of tools available at lower costs than traditional gold or diamond pieces have been one factor that has propelled its sales globally as well as in Singapore specifically during recent years.Availability Of Innovative Tools: Newer technologies such as 3D printing and laser engraving have become readily available which allow makers to create complex design patterns on metals, gemstones, ETC, giving them greater control over their finished product???s look while being more cost effective when compared to manual crafting processes like hammering or carving out by hand. This combined with other cutting edge technology machines including molds and dies are helping craftspeople make intricate looking pieces faster than before thus boosting overall profit margins.
High Cost Of Tools And Maintenance Costs : Although there are many advanced production techniques making it easier to produce jewelry using modern machinery however these systems tend to be expensive upfront resulting in high initial investments required from potential buyers along with extra maintenance fees associated which can adversely affect new entrants profitability if not carefully planned out beforehand.Limited Availability Of Skilled Workforce : Crafting custom jewelry requires specialised skillsets due lack trained professionals who can operate these machineries properly leading manufacturers facing difficulties finding qualified personnel.This situation makes it difficult for newcomers entering into this industry without prior experience adopting newer technologies successfully within given timeframes thus potentially limiting their ability expand profits quickly.
The key players in the Singapore Jewellery Crafting Tools Market are Shinwa Rules Co., Ltd. (Japan), Grobet USA, LLC (US), Euro Tool, Inc. (US), Contenti Company Inc. (US), GRS Tools, LLC (US), Foredom Electric Co. (US), Pearl Abrasive Co. LLP(US), Proxxon Industrial GmbH & Co KG(Germany), Rio Grande Jewelry Supply Corporation(US) and Otto Frei & Son Inc.(US ).
The COVID-19 pandemic has had an impact on operations across industries around world including Jewellery Crafting Tool Market In Singapore where lockdown measures enforced caused disruption supply chain activities between different stakeholders involved planning production shipping goods domestically internationally due travel restrictions imposed order contain spread virus.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Jewellery Crafting Tools Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Jewellery Crafting Tools Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Jewellery Crafting Tools Market - Industry Life Cycle |
3.4 Singapore Jewellery Crafting Tools Market - Porter's Five Forces |
3.5 Singapore Jewellery Crafting Tools Market Revenues & Volume Share, By Tool Types, 2020 & 2030F |
3.6 Singapore Jewellery Crafting Tools Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 Singapore Jewellery Crafting Tools Market Revenues & Volume Share, By Material Type, 2020 & 2030F |
3.8 Singapore Jewellery Crafting Tools Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Jewellery Crafting Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Jewellery Crafting Tools Market Trends |
6 Singapore Jewellery Crafting Tools Market, By Types |
6.1 Singapore Jewellery Crafting Tools Market, By Tool Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Tool Types, 2020-2030F |
6.1.3 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Bench Tools, 2020-2030F |
6.1.4 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Casting Tools, 2020-2030F |
6.1.5 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Cutting Tools, 2020-2030F |
6.1.6 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Drawing Tools, 2020-2030F |
6.1.7 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Drilling Tools, 2020-2030F |
6.1.8 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Measuring Tools, 2020-2030F |
6.1.9 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Jewellery Crafting Tools Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Necklace, 2020-2030F |
6.2.3 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Ring, 2020-2030F |
6.2.4 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Earrings, 2020-2030F |
6.2.5 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Bracelet, 2020-2030F |
6.2.6 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Others, 2020-2030F |
6.3 Singapore Jewellery Crafting Tools Market, By Material Type |
6.3.1 Overview and Analysis |
6.3.2 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Gold, 2020-2030F |
6.3.3 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Silver, 2020-2030F |
6.3.4 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Platinum, 2020-2030F |
6.3.5 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Diamond, 2020-2030F |
6.3.6 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Others, 2020-2030F |
6.4 Singapore Jewellery Crafting Tools Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Departmental Stores, 2020-2030F |
6.4.3 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Exclusive Branded Showrooms, 2020-2030F |
6.4.4 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Online Retailing, 2020-2030F |
6.4.5 Singapore Jewellery Crafting Tools Market Revenues & Volume, By Specialist Retailers, 2020-2030F |
7 Singapore Jewellery Crafting Tools Market Import-Export Trade Statistics |
7.1 Singapore Jewellery Crafting Tools Market Export to Major Countries |
7.2 Singapore Jewellery Crafting Tools Market Imports from Major Countries |
8 Singapore Jewellery Crafting Tools Market Key Performance Indicators |
9 Singapore Jewellery Crafting Tools Market - Opportunity Assessment |
9.1 Singapore Jewellery Crafting Tools Market Opportunity Assessment, By Tool Types, 2020 & 2030F |
9.2 Singapore Jewellery Crafting Tools Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.3 Singapore Jewellery Crafting Tools Market Opportunity Assessment, By Material Type, 2020 & 2030F |
9.4 Singapore Jewellery Crafting Tools Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Jewellery Crafting Tools Market - Competitive Landscape |
10.1 Singapore Jewellery Crafting Tools Market Revenue Share, By Companies, 2023 |
10.2 Singapore Jewellery Crafting Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |