Cufflinks Market Size, Share, Growth, and Industry Growth by Type (Common Type, Classic Type, Funny Type, Gemstone Type, Personalized Type, and Others), By Application (Daily Use, Business, Celebration, and Others), Regional Insights, and Forecast To 2032

Updated On: 01 April 2024

Cufflinks Market REPORT OVERVIEW

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The global cufflinks market size was USD 5549.5 million in 2022 and market is projected to touch USD 9208 million by 2032, exhibiting a CAGR of 5.2% during the forecast period.

Cufflinks are clothes accessories. It is used for securing or buttoning shirt cuffs. The accessories are used in formal a coat or jackets.

A rise in demand for grooming and style is estimated to foster market growth. A growing number of fashion designers and high adoption of designer accessories are predicted to expand market progress. High disposable income and increased options for fabrics, stones, and materials are foreseen to accelerate market growth. Growing demand for luxury fashion accessories is proposed to drive market growth. Increased demand for the product among the millennial population is estimated to expand market growth.  Changes in customer preferences such as designs, style, and comfort and high demand for customized clothes are anticipated to fuel market growth in the upcoming years. On the contrary, the high cost of the product and volatility in raw material prices is anticipated to hamper the market growth.

COVID-19 Impact: Lower Demand for Cufflinks and Closure of Fashion Industry to Reduce Market Progress

The COVID-19 pandemic affected several businesses due to lockdown restrictions. The cufflinks market witnessed negative growth due to the closure of the fashion sector. A shutdown of manufacturing units and volatility in raw material costs hamper the market growth. Further, lower demand for the product and work-from-home culture reduced market growth. Less need for formal wear and disruption of supply and chain reduce market progress during the pandemic. 

LATEST TRENDS

"Growing Demand for Jewelers and Fashion Sector to Incite Market Growth"

Growing demand for jewelers and the high growth of the fashion sector are assessed to fuel market growth. Cufflinks are used as a clothing accessory. The product enhances the looks of a dress or shirt. It is used for securing the cuffs. The product is made up of stone, glass, precious metal, leather, and others. Such broad varieties of products are predicted to expand market growth in the upcoming years. A high preference for customized products is anticipated to fuel market growth. The product offers a complete finish to the outfit. The presence of several designs and types of products is responsible to attract more customers. These factors are predicted to expand market progress in the upcoming years. In addition, the high demand for products in the fashion industry is predicted to accelerate cufflinks market growth.

Cufflinks Market SEGMENTATION

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• By Type

Based on type, the market is divided into, classic type, common type, gemstone type, funny type, personalized type, and others.

Classic type is estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into daily use, business, celebration, and others.

Daily use is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"Huge Influence of Celebrity Endorsement to Foster Market Progress"

The increase influenced of the product by celebrities coupled with growing endorsement by them is predicted to fuel market growth. High demand for the product among fashion designers and growing preferences for designer clothes are predicted to surge market growth. A rise in the popularity of gold and silver cufflinks and the high spending capacity of consumers is predicted to expand market growth. High demand for the product in gentlemen’s wardrobes and growing demand to add sophisticated looks is projected to drive market growth. Further, a high preference for formal wear is anticipated to propel cufflinks market growth in the upcoming years.

"Increase in E-commerce Platforms and Easy Availability of the Product to Encourage Market Growth"

An increase in demand for e-commerce platforms and growth in the online sector is estimated to fuel market growth. Easy availability of the product and wide range of the product is forecast to propel market growth. High disposable income and increased options for fabrics, stones, and materials are anticipated to foster market growth. Growing demand for luxury fashion accessories is proposed to drive market growth. Increased demand for the product among the millennial population is valued to expand market growth.  Changes in customer preferences such as designs, style, and comfort and high demand for customized clothes are anticipated to fuel cufflinks market growth in the upcoming years.

RESTRAINING FACTORS

The high cost of the product and volatility in raw material prices is anticipated to hamper the market growth. Further, the growing prevalence of unorganized and local vendors is expected to become the foremost challenge for the growth of the market.

Cufflinks Market REGIONAL INSIGHTS

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"Growing Celebrity Endorsement and Presence of Market Players in Asia Pacific to Drive Market Share "

Asia Pacific is expected to hold the prominent cufflinks market share owing to the increased influence of celebrity endorsement. The presence of market players and growth in the online sector is predicted to expand market growth. Strong customer relationships and the presence of an experience center in the region are predicted to fuel market growth. Increasing demand for grooming and style is estimated to fuel market growth. A growing number of fashion designers and high adoption of designer accessories are predicted to expand market progress. High disposable income and growing spending capacity are predicted to fuel market performance.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Deakin & Francis (U.K.)
• Cartier (France)
• Louis Vuitton (France)
• Montblanc (Germany)
• Paul Smith (U.K.)
• Tiffany (U.S.)
• Armenta (U.S.)
• Burberry (U.K.)
• Chanel (U.K.)
• Dolce & Gabbana (Italy)
• Giorgio Armani (Italy)
• Gucci (Italy)
• Hugo Boss (Germany)
• Tateossian (U.K.)
• Tod’s (Italy)
• Versace (Italy)
• Stefano Ricci (Italy)
• Huashi Co (China)
• Pripeak Group (China)
• Pinstar Gifts Co (China)
• Alin Accessory Co (China)
• R. J. Smith (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.