Summary
Global Luxury Watch Market 2023-2027
The analyst has been monitoring the luxury watch market and is forecast to grow by $2910.23 mn during 2022-2027, accelerating at a CAGR of 1.61% during the forecast period. Our report on the luxury watch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by premiumization through product design and innovation, growing influence of fashion trends, and strong brand positioning and branding influencing purchase decision.
The luxury watch market is segmented as below:
By End-user
• Men
• Women
By Distribution Channel
• Offline
• Online
By Geographical Landscape
• Europe
• North America
• APAC
• Middle East and Africa
• South America
This study identifies the growing demand for customized luxury watches as one of the prime reasons driving the luxury watch market growth during the next few years. Also, growth in online retail and the growing popularity of vintage watches will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the luxury watch market covers the following areas:
• Luxury watch market sizing
• Luxury watch market forecast
• Luxury watch market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury watch market vendors that include Burberry Group Plc, Casio Computer Co. Ltd., CHANEL Ltd., Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, Daniel Wellington AB, Dolce and Gabbana S.r.l, Fossil Group Inc., Hermes International SA, Kering SA, Le petit fils de L.U. Chopard and Cie SA, LVMH Moet Hennessy Louis Vuitton SE, Movado Group Inc., Patek Philippe SA, Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., The Swatch Group Ltd., FESTINA LOTUS SA, and Breitling SA. Also, the luxury watch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
