Global Cufflinks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cufflinks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cufflinks are used on special cufflink shirts, instead of cuff buttons. Their size is almost the same as ordinary buttons, and they are mainly used for decoration. Cufflinks can be made of many different materials, such as glass, stone, leather, metal, precious metals or a combination of them.

Market Overview:

The latest research study on the global Cufflinks market finds that the global Cufflinks market reached a value of USD 1813.58 million in 2022. It’s expected that the market will achieve USD 2480.38 million by 2028, exhibiting a CAGR of 5.36% during the forecast period.

Influence of COVID-19 Outbreak on Cufflinks Industry Development

Affected by the epidemic, governments of various countries ordered to reduce travel, and major shopping malls and shopping centers were suspended. People cannot buy cufflinks; They can only choose to buy online. Internet brings convenience to cufflink companies and consumers, such as B2C e-commerce. Through B2C ecommerce, customers can find the best price of cufflinks, read other customers' comments, and then buy them. Cufflink companies can adopt B2C mode, using mobile applications, local advertising and resale technology to directly market products to customers. The rapid development of offline sales will increase the demand of consumers for cufflinks, thus promoting the development of cufflinks industry.
Cufflinks can be made of many different materials, such as glass, Stone, leather, metal, precious metal or their combination. The fluctuation of raw material price will affect the production cost of cufflinks. With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase the production cost of cufflinks and affect the development of enterprises.

Strength

The improvement of consumers' living standards and the increase of disposable income
Cufflinks are made of exquisite materials and shapes, and more styling styles and customization of individual needs play a good role in decoration. In more formal occasions, people need to wear a suit, and using cufflinks can enhance the texture and taste of wearing, thus showing the personality of consumers. With the improvement of consumers' living standard and the increase of disposable income, consumers began to pursue the quality of life, paying attention to wearing, and the demand for personalized ornaments increased. Different ornaments are needed on different occasions. People have different jobs and different workplaces, and the demand for different styles of cufflinks is also increasing. These factors will promote the development of cufflink industry.
European and American markets are the growing markets of cufflink industry
Cufflinks are best suited for formal social gatherings (e.g., weddings, grand parties and meeting customers) and offices. Gentleman culture is popular in developed countries such as Europe and America, and there is a great demand for cufflinks. People in Europe and America wear suits when attending formal occasions, so they need to use cufflinks. The cufflinks market in Europe and America is relatively mature, and the sales channels are diversified. European and American markets are the growing markets of cufflink industry, and the growing demand of the market will promote the development of cufflink industry.

Weakness

The use of cufflinks is limited
There are limitations in the use of cufflinks, which usually require shirts with double-fold French cuffs. Although some companies have introduced dual-purpose cuffs, which can be used with buttons or extra cufflinks, it is not recommended to choose such cuffs, because such cuffs are designed in a single fold and are not as hard as double folds, so it is difficult to show the unique style of French cuffs. Consumers need to buy corresponding shirts while wearing cufflinks, which increases the restriction of use and reduces the need of consumers to buy cufflinks.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Cartier is one of the major players operating in the Cufflinks market, holding a share of 4.14% in 2020.

Cartier is a French luxury Maison, from high and fine jewelry to watchmaking, from leather goods to fragrances, eyewear and objects.

Founded in 1786, Deakin & Francis have over 230 years of heritage and as England’s oldest manufacturing jewelers. Deakin & Francis manufacture some of the world’s finest cufflinks and luxury accessories. Producing fine quality, handmade jewelry in precious metal, vitreous enamel and gemstones. Deakin & Francis also offer a full bespoke service.

Segmentation Overview:

By type, Whale back cufflinks segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Men Using segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cufflinks market covered in Chapter 3:

Gucci
Tiffany
Tateossian
Montblanc
Burberry
Deakin & Francis
Hugo Boss
Armani
Dolce & Gabbana
Cartier
Paul Smith
LVMH

In Chapter 4 and Chapter 14.2, on the basis of types, the Cufflinks market from 2018 to 2029 is primarily split into:

Bullet back cufflinks
Whale back cufflinks
Chain link cufflinks
Locking cufflinks
Ball return cufflinks

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cufflinks market from 2018 to 2029 covers:

Women Using
Men Using

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)