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Products/Services Breakdown | ||
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Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Jewelry and Silverware Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Jewelry and Silverware Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The jewelry manufacturing industry has been undergoing significant changes in the last couple of years due to various emerging trends. One of the biggest trends affecting the industry is the shift towards ethical and sustainable practices. With consumers becoming increasingly aware of the environmental impact and ethical concerns surrounding the jewelry industry, many manufacturers are adopting eco-friendly and fair trade practices to attract consumers.Another key trend is the growing importance of digital technologies in jewelry manufacturing processes. Computer-aided design (CAD) has revolutionized the way designs are created and modified, making it easier to produce intricate pieces. Furthermore, advances in 3D printing and laser cutting technologies have also impacted the industry, enabling jewelers to create unique pieces quickly and efficiently.
Another notable trend is the rise of customization and personalization in jewelry. Consumers are demanding personalized pieces, and jewelry manufacturers are now offering customized options to meet these demands. On-demand jewelry manufacturing or the "just-in-time" manufacturing model is now increasingly popular, allowing jewelry manufacturers to produce one-of-a-kind pieces for their customers.
Additionally, the trend towards minimalism and simplistic designs has emerged as consumers develop a preference for less flashy and more functional jewelry. This has given impetus to the use of alternative materials such as recycled metals, wood, and unconventional gems to create unique pieces that cater to this demand.
Overall, these trends indicate a series of changes in the jewelry manufacturing industry, with manufacturers adopting new practices to meet the evolving demands of consumers. These shifts could transform the industry, making it more sustainable, customer-centric, and technologically advanced.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Jewelry and Silverware Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Jewelry and Silverware Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Jewelry and Silverware Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 7% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 5% | |||
Sales and Related Occupations | 7% | |||
Office and Administrative Support Occupations | 18% | |||
Material Recording, Scheduling, Dispatching, and Distributing Workers | 5% | |||
Production Occupations | 54% | |||
Other Production Occupations | 41% | |||
Jewelers and Precious Stone and Metal Workers | 28% | |||
Jewelers and Precious Stone and Metal Workers | 28% |
Jewelry and Silverware Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Jewelry and Silverware Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Jewelry and Silverware Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Jewelry and Silverware Manufacturing industry. |
Source:
Innovation News
- Feb 08, 2024: Diamonds Direct L.C. patents Step Through Process Of Generating Custom Jewelry
- Jan 23, 2024: Nes Jewelry trademarks "BALIVIDA" - Jewelry
- Jan 23, 2024: Nes Jewelry trademarks "OROLUNA" - Jewelry
- Jan 23, 2024: Nes Jewelry trademarks "BALIANA" - Jewelry
Recent Federal Contracts for Jewelry and Silverware Manufacturing- Apr 02, 2024: A M ROSS & SON (Jenkintown, PA) awarded $129,304
- Feb 13, 2024: FORBES, INC., C. (Richmond, VA) awarded $171,441
- Apr 02, 2024: A M ROSS & SON (Jenkintown, PA) awarded $129,304
- Feb 13, 2024: FORBES, INC., C. (Richmond, VA) awarded $171,441
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