Global Luxury Watch Market Size, Forecasts, And Opportunities – Includes Luxury Watch Market Share
Learn about the global luxury watch market through The Business Research Company, which provides information on luxury watch market size, luxury watch market drivers and restraints, luxury watch market players, the COVID-19 impact on the luxury watch market, and more.
The global luxury watches market size is expected to grow from $27.19 billion in 2021 to $28.43 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The luxury watch market size is expected to grow to $33.07 billion in 2026 at a CAGR of 3.9%.
The growing consumer preference for high-quality, premium watches in the luxury goods industry is expected to propel the growth of the luxury watch market.
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The luxury watch market consists of the sales of luxury watches by entities (organizations, partnerships, and sole proprietors) that refers to luxury watches that are manually manufactured extraordinarily high-quality watches that come at a premium price and are classified to be luxury watches. These are the watches powered by manual and self-winding (automatic) movement. Parts of the movement are handmade and signify higher expenditure in production than industrially manufactured quartz watches
Global luxury watch market segments include:
By Type: Digital Watch, Analog Watch
By Distribution Channel: Internet Retailing, Departmental Stores, Specialist Retailers, Exclusive Showrooms, Others
By End-User: Men, Women, Unisex
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the luxury watch market in 2022
Product innovations have emerged as the key trend gaining popularity in the luxury watch market. Major companies operating in the luxury watch market are focused on developing innovations to meet customer demand.
Major Market Players: Seiko Holdings, Citizen Watch Company of America Inc., LVMH Moet Hennessy -Louis Vuitton, Compagnie Financiere Richemont SA, The Swatch Group Ltd, Audemars Piguet, Richard Mille, CASIO, Computer Co. Ltd, Patek Philippe SA, Bernard Watch Co., Apple Inc., A. Lange & Söhne, Movado Group Inc. and Richard Mille.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Luxury Watch Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides luxury watch market overviews, analyzes and forecasts market size, share, luxury watch market players, luxury watch market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s luxury watch market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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