Demand Modeling & Market Estimation
Our market sizing and forecasting methodologies integrate both top-down and bottom-up approaches, triangulated to ensure robust estimations. The top-down approach involves estimating the total market size based on macroeconomic indicators, industry growth rates, and broad market trends. Subsequently, the bottom-up approach disaggregates this estimate by building market size from granular data points, validated through primary interviews.
Key metrics and variables utilized for bottom-up market size calculation include:
- Regional online jewelry sales volume (units sold) across various applications and types.
- Average Selling Price (ASP) by specific jewelry type (e.g., rings, necklaces, earrings) and application (wedding, fashion, festival).
- eCommerce penetration rate of total jewelry sales by country and region.
- Online customer base growth for luxury and fashion goods, coupled with disposable income trends in key demographics.
Multi-level data triangulation involves comparing and validating data from primary interviews, secondary sources (supply-side and demand-side), and economic indicators. This process helps reconcile discrepancies and refine market figures across various segments: by Application (Wedding, Festival, Fashion, Others), by Types (Rings, Necklaces, Earrings, Others), and across all specified geographies (North America, South America, Europe, Middle East & Africa, Asia Pacific).