Business opportunities behind the gold price diving: magnetic jewelry polishing machine market prospects are broad

Business opportunities behind the gold price diving: magnetic jewelry polishing machine market prospects are broad

In recent years, the international gold price fluctuations have intensified, the phenomenon of gold price diving occurs from time to time. However, behind the fall in gold prices, but for China’s magnetic jewelry polishing machine industry has brought new opportunities for development. In this paper, we will analyze the impact of gold price diving on the magnetic jewelry polishing machine market, as well as the future development trend of the industry.

First, gold price diving phenomenon analysis

Since 2018, the international gold price has experienced many large fluctuations. Especially in 2020, affected by the global epidemic, gold prices showed a “roller coaster” type of trend. On the one hand, the fall in gold prices makes investors’ confidence damaged, the gold market turnover is reduced; on the other hand, the fall in gold prices also reduces the raw material cost for the jewelry manufacturing industry, which leads to the warming of the jewelry consumer market.

Second, the magnetic jewelry polishing machine market status quo

Magnetic jewelry polishing machine is an important equipment for jewelry manufacturing industry, mainly used for jewelry polishing, cleaning, grinding and other processes. With the rapid development of China’s jewelry manufacturing industry, magnetic jewelry polishing machine market demand is rising year by year. According to statistics, China’s magnetic jewelry polishing machine market size has grown from 500 million yuan in 2015 to 1 billion yuan in 2020, with a compound annual growth rate of 15%.

Third, the gold price dive on the magnetic jewelry polishing machine market impact

Reduce production costs: the fall in gold prices makes the jewelry manufacturing industry raw material costs lower, and the profit margin of enterprises is expanded. In this case, enterprises are more willing to invest in the purchase of advanced magnetic jewelry polishing machine, in order to improve production efficiency and product quality.

Generate new market demand: falling gold prices drive the jewelry consumer market rebound, consumer demand for high-quality jewelry is growing. In order to meet the market demand, jewelry manufacturing enterprises have to improve the production process, magnetic jewelry polishing machine market demand to further expand.

Accelerate the industry’s technological innovation: in the context of increased market competition, magnetic jewelry polishing machine enterprises have increased investment in research and development to promote product technology innovation. Such as: intelligent, automated, environmentally friendly magnetic jewelry polishing machine has gradually become the mainstream of the market.

Fourth, the magnetic jewelry polishing machine market outlook

Market size continues to expand: with the steady development of China’s jewelry manufacturing industry, magnetic jewelry polishing machine market size will continue to expand. It is expected that by 2025, the market size will reach 2 billion yuan.

Increase in industry concentration: Market competition will prompt high-quality enterprises to stand out, and industry concentration will further increase. Enterprises with technology research and development, brand advantages are expected to become industry leaders.

Broad prospects for the export market: China’s magnetic jewelry polishing machine products with high cost-effective, mature technology and other advantages, in the international market has a high degree of competitiveness. With the accelerated pace of internationalization of Chinese enterprises, magnetic jewelry polishing machine export market prospects.

Green environmental protection has become the development trend: environmentally friendly magnetic jewelry polishing machine will become the mainstream of the market, enterprises need to increase technical research and development efforts to meet the increasingly stringent environmental requirements.

In short, the gold price diving for magnetic jewelry polishing machine market has brought new opportunities for development. In the context of increased market competition, enterprises should seize the opportunity to increase technological innovation, improve product quality to meet market demand and achieve sustainable development.