Luxury Watch Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global luxury watch Market is segmented by Type (Analogue Watch and Digital Watch), By End-User (Women, Men, and Unisex), Distribution Channel (Offline Retail Stores and Online Retail Stores) and Geography

Market Snapshot

Global Luxury Watch Market - Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

4 %

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Market Overview

Global Luxury Watch Market is projected to grow at a CAGR of 4% during the forecast period.

  • The disposability and affordability of value watch brands make them a popular fashion choice among consumers, across the region. The lower priced and mid-priced watches are increasingly gaining market traction, due to an increasing demand for ‘value-for-product’ watches and accessories among women.
  • The demand for digital watches is stronger among young consumers, as they are more aware of the mobile and smartphone technology. However, the lack of higher purchasing power of the young consumers has led to companies launching digital watches at affordable prices.

Scope of the Report

Global Luxury Watch market is segmented by type into analogue watch and digital watch. By End-User, market covers revenues generated through Women, Men, and Unisex variants. The market also includes retail sales of the product through both online and offline channels. Additionally, the study covers market revenue in major countries of the regions North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Analogue Watch
Digital Watch
By End-User
Women
Men
Unisex
By Distribution Channel
Offline Retail Stores
Online Retail Stores
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Offline Stores Remained the Most Preferred Point of Sale

The physical stores are likely to offer key advantages, especially for fast-moving consumer goods. In addition to in-store benefits, the absence of shipping fees, coupled with the implementation of sensory experiences, is expected to make the engagement between consumers and the products stronger. Consumers are more likely to be more observant and selective while investing in consumer goods like watches, as the products placed in the shelves can be tested and tried in terms of sample.

Luxury Watch Market1

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Europe Emerged as the Largest Consumer of Luxury Watches

The British watchmaking industry is growing rapidly, with more players providing attractive watches with stainless-steel case, scratch-resistant sapphire glass, quick-change strap system, and water resistance property. Companies, are repositioning their distribution network from relying on just stores to launching their own websites in order to provide consumers with the opportunity to purchase the products more conveniently, as well as to pick orders from the stores. The stores can also reserve the products for a short period of time, thereby, providing the customers with the comfort of in-store shopping.

Luxury Watch Market2

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Competitive Landscape

The global alcohol wipes market is consolidated among major four to five players. The market studied has key players competing for major market share and intense competition prevailing in the market studied is likely to result in consolidation among market players. Key players are focusing on online distribution channels for branding of their products, in order to expand their geographical reach and increase their customer base.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products and Services

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Analogue Watch

      2. 5.1.2 Digital Watch

    2. 5.2 By End-User

      1. 5.2.1 Women

      2. 5.2.2 Men

      3. 5.2.3 Unisex

    3. 5.3 By Distribution Channel

      1. 5.3.1 Offline Retail Stores

      2. 5.3.2 Online Retail Stores

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Germany

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Key Strategies Adopted

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 LVMH

      2. 6.4.2 CHANEL International B.V.

      3. 6.4.3 Hermes

      4. 6.4.4 Kering Group

      5. 6.4.5 ROLEX SA

      6. 6.4.6 Richemont

      7. 6.4.7 Patek Philippe SA

      8. 6.4.8 The Swatch Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The Luxury Watch Market market is studied from 2016 - 2026.

The Luxury Watch Market is growing at a CAGR of 4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

  • LVMH
  • CHANEL International B.V.
  • Hermès
  • Kering Group
  • ROLEX SA

Are the major companies operating in Luxury Watch Market.

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