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Luxury Watches Market by Type (Mechanical Watches and Electronic Watches), End User (Men and Women), and Distribution Channel (Online Store, Single Brand Store and Multi Brand Store): Global Opportunity Analysis and Industry Forecast 2021–2027

A06350
Pages: 217
May 2021 | 1454 Views
 
Author(s) : Anil Kamble , Roshan Deshmukh
Tables: 145
Charts: 75
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The luxury watches market was valued at $43,661.8 million in 2019, and is estimated to reach $51,317.3 million by 2027, registering a CAGR of 4.50% from 2021 to 2027. There is no official definition of luxury watch, but it is considered to be in the price range of $1,200 and more. Further, it signifies the status symbol of people. The common attributes of luxury watches are limited availability, social distinction, exclusivity, exceptional quality, and high prices. Surge in number of high net-worth individuals, rise in disposable income, and increase in spending on premium quality products are some of the factors driving the growth of the global Luxury Watches Market during the forecast period. 

Based on the analysis of the COVID-19 pandemic, people are facing huge losses in their business and temporary stagnation in export and import activities, which negatively impacted the growth of the market in 2020. Growing vaccination and lockdown practices across the world to stop the spread of the virus are expected to help the Luxury Watches Market to regain its position in the luxury goods industry.  

Luxury-Watches-Market,-2021-2027

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However, fraudulent and counterfeit luxury watches are badly impacting the growth of the Luxury Watches Market. Counterfeit watches are sold in online store, which not only affects the innocent buyer but also original luxury watch manufacturing companies who incur huge losses and might lose trust of consumers.  

The luxury watches market is segmented into type, end user, distribution channel, and region. On the basis of type, the market is categorized into mechanical watches and electronic watches. By end user, it is segregated into men and women. According to distribution channel, it is divided into online store, single brand store, and multi brand store. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Switzerland, Russia, Spain, Italy, France, Germany, the UK, and Rest of Europe), Asia-Pacific (China, Japan, Hong Kong, India, Singapore, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

On the basis of type, the mechanical watches segment has gained major share in the global luxury watches market 2019, and is expected to sustain its market share during the forecast period 2021-2027. Luxury mechanical watches are majorly preferred over electronic watches as they are more complicated, incorporating all the expertise and knowledge of watchmaking of the 20th century. Luxury mechanical watches have much larger number of tiny moving parts inside and require hours and hours of painstaking labor to make. It is an impressive piece of machinery with mechanical achievement in an analog world. Most luxury mechanical watch buyers are discerns, and thus the buyer cares about the tiny details, one that appreciates history and heritage.

Luxury Watches Market
By Type

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Mechanical Watches segment helds the major share of 75.4% in 2019

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According to luxury watches market trends, depending on end user, the women segment was valued at $23,740.4 million in 2019, and is expected to reach $26,710.5 million by 2027, with a CAGR of 3.90%. American women are hardcore into the engineering side of how watch movements work as opposed to Asian and European consumers who have more of a cultural appreciation for watches. Women are more inclined to diamond embedded gold watches; hence, many luxury watchmakers are focusing on making golf or diamond watches. Growing working women are majorly attributable for the growth of the Luxury Watches Market during the forecast period.

Luxury Watches Market
By End User

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Women segment helds the major share of 54.4% in 2019

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On the basis of distribution channel, the multi brand store segment was valued at $19,184.1 million in 2019, and is projected to reach $20,537.8 million by 2027, registering a CAGR of 3.30%. The multi brand store segment accounted for around one-third of the global Luxury Watches Market share in 2019, and is expected to sustain its share during the forecast period. Multi brand stores sell more than one luxury watch brands, which can facilitate consumers to explore their choices with multiple models of different brands. Luxury watch manufacturing companies majorly prefer to sell their products through multi brand stores, owing to high sales growth and high scope of advertisement and promotion. These stores operate through online and offline. Therefore, due to internet proliferation and rise in preference for e-commerce platform, multi brand online stores have been gaining significant momentum.       

Luxury Watches Market
By Distribution Channel

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Multi Brand Store segment helds the major share of 43.9% in 2019

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Region-wise, Europe dominated the Luxury Watches Market in 2019, and is expected to sustain its dominance over the forecast period. This is majorly attributed to the presence of global operations of luxury goods, including luxury watch manufacturing companies, which benefits local consumers who can get luxury watches considerably at lower price. For instance, the Swatch Group Ltd. and LVMH Moet Hennessy -Louis Vuitton SE are based in Switzerland and France, respectively, wherein the respective countries can buy their home-grown companies’ watches at a lesser price.

Luxury Watches Market
By Region

2027
Europe 
North America
Asia Pacific
Lamea

Europe region helds the higest market share of 41.1% in 2019

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The players operating in the global luxury watches market have adopted various developmental strategies to expand their Luxury Watches Market share, increase profitability, and remain competitive in the market. The key players profiled in this report include CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., LVMH Moet Hennessy -Louis Vuitton, Movado Group Inc., Patek Philippe SA, Rolex SA, Seiko Holdings Corp., and the Swatch Group Ltd. 

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing Luxury Watches Market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the luxury watches industry.

Key Market Segments

By Type

  • Mechanical Watches
  • Electronic Watches 

By End User

  • Men
  • Women 

By Distribution Channel

  • Online Store
  • Single Brand Store
  • Multi Brand Store

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Switzerland
    • Russia
    • Spain
    • Italy
    • France
    • Germany
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Hong Kong
    • India
    • Singapore
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Value chain analysis
3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Surge in Product Innovation
3.5.1.2.Growing penetration through online channels
3.5.1.3.Increase in number of billionaires and in their wealth

3.5.2.Restraints

3.5.2.1.The Rise of Counterfeit and Fake Luxury Watch
3.5.2.2.Growing  adoption of pre-owned Luxury Watch to hamper demand

3.5.3.Opportunity

3.5.3.1.Increasing High-net-worth individual

3.6.Market Share Analysis (2019)

3.6.1.By type
3.6.2.By end user
3.6.3.By distribution channel
3.6.4.By Region

3.7.Pricing Analysis
3.8.Parent Market Analysis
3.9.Impact of Covid-19 on Luxury Watches Market

CHAPTER 4:LUXURY WATCHES MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Mechanical  Luxury Watches Market

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Electronic watches

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

CHAPTER 5:LUXURY WATCHES MARKET, BY END USER

5.1.Overview

5.1.1.Market size and forecast

5.2.Men

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.Women

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

CHAPTER 6:LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNEL

6.1.Overview

6.1.1.Market size and forecast

6.2.Online Store

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.Single Brand Store

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

6.4.Multi Brand Store

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast

CHAPTER 7:LUXURY WATCHES MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type.
7.2.3.Market size and forecast, by end user
7.2.4.Market size and forecast, by distribution channel
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by end user
7.2.5.1.3.Market size and forecast, by distribution channel

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by end user
7.2.5.2.3.Market size and forecast, by distribution channel

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by end user
7.2.5.3.3.Market size and forecast, by distribution channel

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by end user
7.3.4.Market size and forecast, by distribution channel
7.3.5.Market size and forecast, by country

7.3.5.1.Switzerland

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by end user
7.3.5.1.3.Market size and forecast, by distribution channel

7.3.5.2.Russia

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by end user
7.3.5.2.3.Market size and forecast, by distribution channel

7.3.5.3.Spain

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by end user
7.3.5.3.3.Market size and forecast, by distribution channel

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by end user
7.3.5.4.3.Market size and forecast, by distribution channel

7.3.5.5.France

7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by end user
7.3.5.5.3.Market size and forecast, by distribution channel

7.3.5.6.Germany

7.3.5.6.1.Market size and forecast, by type
7.3.5.6.2.Market size and forecast, by end user
7.3.5.6.3.Market size and forecast, by distribution channel

7.3.5.7.UK

7.3.5.7.1.Market size and forecast, by type
7.3.5.7.2.Market size and forecast, by end user
7.3.5.7.3.Market size and forecast, by distribution channel

7.3.5.8.Rest of Europe

7.3.5.8.1.Market size and forecast, by type
7.3.5.8.2.Market size and forecast, by end user
7.3.5.8.3.Market size and forecast, by distribution channel

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by end user
7.4.4.Market size and forecast, by distribution channel
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by end user
7.4.5.1.3.Market size and forecast, by distribution channel

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by end user
7.4.5.2.3.Market size and forecast, by distribution channel

7.4.5.3.Hong Kong

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by end user
7.4.5.3.3.Market size and forecast, by distribution channel

7.4.5.4.India

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by end user
7.4.5.4.3.Market size and forecast, by distribution channel

7.4.5.5.Singapore

7.4.5.5.1.Market size and forecast, by type
7.4.5.5.2.Market size and forecast, by end user
7.4.5.5.3.Market size and forecast, by distribution channel

7.4.5.6.South Korea

7.4.5.6.1.Market size and forecast, by type
7.4.5.6.2.Market size and forecast, by end user
7.4.5.6.3.Market size and forecast, by distribution channel

7.4.5.7.Australia

7.4.5.7.1.Market size and forecast, by type
7.4.5.7.2.Market size and forecast, by end user
7.4.5.7.3.Market size and forecast, by distribution channel

7.4.5.8.Rest of Asia-Pacific

7.4.5.8.1.Market size and forecast, by type
7.4.5.8.2.Market size and forecast, by end user
7.4.5.8.3.Market size and forecast, by distribution channel

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by end user
7.5.4.Market size and forecast, by distribution channel
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by end user
7.5.5.1.3.Market size and forecast, by distribution channel

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by end user
7.5.5.2.3.Market size and forecast, by distribution channel

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by end user
7.5.5.3.3.Market size and forecast, by distribution channel

CHAPTER 8:COMPETITION LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Business Expansion
8.5.3.Agreement
8.5.4.Product Launch

CHAPTER 9:COMPANY PROFILES

9.1.CASIO COMPUTER CO., LTD.

9.1.1.Company overview
9.1.2.Key Executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D Expenditure
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.Citizen Watch Co. Ltd.

9.2.1.Company overview
9.2.2.Key Executives
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.R&D Expenditure
9.2.7.Business performance
9.2.8.Key strategic moves and developments

9.3.Compagnie Financière Richemont SA

9.3.1.Company overview
9.3.2.Key Executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.R&D Expenditure
9.3.7.Business performance
9.3.8.Key strategic moves and developments

9.4.Fossil Group Inc.

9.4.1.Company overview
9.4.2.Key Executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.R&D Expenditure
9.4.7.Business performance
9.4.8.Key strategic moves and developments

9.5.LVMH Moët Hennessy - Louis Vuitton

9.5.1.Company overview
9.5.2.Key Executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.Business performance
9.5.7.Key strategic moves and developments

9.6.Movado Group, Inc.

9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.Business performance
9.6.7.Key strategic moves and developments

9.7.Patek Philippe SA

9.7.1.Company overview
9.7.2.Key Executives
9.7.3.Company snapshot
9.7.4.Product portfolio
9.7.5.Key strategic moves and developments

9.8.Rolex SA

9.8.1.Company overview
9.8.2.Key Executives
9.8.3.Company snapshot
9.8.4.Product portfolio

9.9.Seiko Holdings Corp.

9.9.1.Company overview
9.9.2.Key Executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.Business performance
9.9.7.Key strategic moves and developments

9.10.The Swatch Group Ltd.

9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Business performance
9.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GROWTH OF TOP TEN MARKETS ACCORDING TO BILLIONAIRE WEALTH 2009 – 2020
TABLE 02.GLOBAL LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 03.GLOBAL LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 (THOUSANDS UNITS)
TABLE 04.LUXURY MECHANICAL WATCHES MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 05.LUXURY ELECTRONIC WATCHES MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 06.GLOBAL LUXURY WATCHES MARKET REVENUE, BY END USERS, 2019–2027 ($MILLION)
TABLE 07.MEN LUXURY WATCHES MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 08.WOMEN LUXURY WATCHES MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 09.LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 10.ONLINE STORE FOR LUXURY WATCHES MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 11.SINGLE BRAND STORE FOR LUXURY WATCHES MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 12.MULTI BRAND STORE FOR LUXURY WATCHES MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 13.LUXURY WATCHES MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 14.NORTH AMERICA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA LUXURY WATCHES MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 18.U.S. LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 19.U.S LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 20.U.S. LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 21.CANADA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 22.CANADA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 23.CANADA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 24.MEXICO LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 25.MEXICO LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 26.MEXICO LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 27.EUROPE LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 28.EUROPE LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 29.EUROPE LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 30.EUROPE LUXURY WATCHES MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 31.SWITZERLAND LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 32.SWITZERLAND LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 33.SWITZERLAND LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 34.RUSSIA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 35.RUSSIA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 36.RUSSIA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 37.SPAIN LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 38.SPAIN LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 39.SPAIN LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 40.ITALY LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 41.ITALY LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 42.ITALY LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 43.FRANCE LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 44.FRANCE LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 45.FRANCE LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 46.GERMANY LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 47.GERMANY LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 48.GERMANY LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 49.UK LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 50.UK LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 51.UK LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 52.REST OF EUROPE LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 53.REST OF EUROPE LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 54.REST OF EUROPE LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 55.ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 56.ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 57.ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 58.ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 59.CHINA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 60.CHINA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 61.CHINA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 62.JAPAN LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 63.JAPAN LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 64.JAPAN LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 65.HONG KONG LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 66.HONG KONG LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 67.HONG KONG LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 68.INDIA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 69.INDIA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 70.INDIA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 71.SINGAPORE LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 72.SINGAPORE LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 73.SINGAPORE LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 74.SOUTH KOREA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 75.SOUTH KOREA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 76.SOUTH KOREA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 77.AUSTRALIA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 78.AUSTRALIA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 79.AUSTRALIA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 81.REST OF ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 82.REST OF ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 83.LAMEA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 84.LAMEA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 85.LAMEA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 86.LAMEA LUXURY WATCHES MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 87.LATIN AMERICA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 88.LATIN AMERICA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 89.LATIN AMERICA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 90.MIDDLE EAST LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 91.MIDDLE EAST LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 92.MIDDLE EAST LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 93.AFRICA LUXURY WATCHES MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)
TABLE 94.AFRICA LUXURY WATCHES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 95.AFRICA LUXURY WATCHES MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 96.CASIO COMPUTER CO., LTD.: KEY EXECUTIVES
TABLE 97.CASIO COMPUTER CO., LTD.: COMPANY SNAPSHOT
TABLE 98.CASIO COMPUTER CO., LTD.: OPERATING SEGMENTS
TABLE 99.CASIO COMPUTER CO., LTD.: PRODUCT PORTFOLIO
TABLE 100.CASIO COMPUTER CO., LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 101.CASIO COMPUTER CO., LTD.: NET SALES, 2017–2019 ($MILLION)
TABLE 102.CITIZEN WATCH CO., LTD.: KEY EXECUTIVES
TABLE 103.CITIZEN WATCH CO., LTD.: COMPANY SNAPSHOT
TABLE 104.CITIZEN WATCH CO., LTD.: OPERATING SEGMENTS
TABLE 105.CITIZEN WATCH CO., LTD.: PRODUCT PORTFOLIO
TABLE 106.CITIZEN WATCH CO., LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 107.CITIZEN WATCH CO., LTD.: NET SALES, 2017–2019 ($MILLION)
TABLE 108.COMPAGNIE FINANCIÈRE RICHEMONT SA: KEY EXECUTIVES
TABLE 109.COMPAGNIE FINANCIÈRE RICHEMONT SA: COMPANY SNAPSHOT
TABLE 110.COMPAGNIE FINANCIÈRE RICHEMONT SA: OPERATING SEGMENTS
TABLE 111.COMPAGNIE FINANCIÈRE RICHEMONT SA: PRODUCT PORTFOLIO
TABLE 112.COMPAGNIE FINANCIÈRE RICHEMONT SA: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 113.COMPAGNIE FINANCIÈRE RICHEMONT SA: NET SALES, 2017–2019 ($MILLION)
TABLE 114.FOSSIL GROUP, INC.: KEY EXECUTIVES
TABLE 115.FOSSIL GROUP, INC.: COMPANY SNAPSHOT
TABLE 116.FOSSIL GROUP, INC.: OPERATING SEGMENTS
TABLE 117.FOSSIL GROUP, INC.: PRODUCT PORTFOLIO
TABLE 118.FOSSIL GROUP, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 119.FOSSIL GROUP, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 120.LVMH MOËT HENNESSY - LOUIS VUITTON: KEY EXECUTIVES
TABLE 121.LVMH MOËT HENNESSY - LOUIS VUITTON: COMPANY SNAPSHOT
TABLE 122.LVMH MOËT HENNESSY - LOUIS VUITTON: OPERATING SEGMENTS
TABLE 123.LVMH MOËT HENNESSY - LOUIS VUITTON: PRODUCT PORTFOLIO
TABLE 124.LVMH MOËT HENNESSY - LOUIS VUITTON: NET SALES, 2018–2020 ($MILLION)
TABLE 125.MOVADO GROUP, INC.: KEY EXECUTIVES
TABLE 126.MOVADO GROUP, INC.: COMPANY SNAPSHOT
TABLE 127.MOVADO GROUP, INC.: OPERATING SEGMENTS
TABLE 128.MOVADO GROUP, INC.: PRODUCT PORTFOLIO
TABLE 129.MOVADO GROUP, INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 130.PATEK PHILIPPE SA: KEY EXECUTIVES
TABLE 131.PATEK PHILIPPE SA: COMPANY SNAPSHOT
TABLE 132.PATEK PHILIPPE SA: PRODUCT PORTFOLIO
TABLE 133.ROLEX SA: KEY EXECUTIVES
TABLE 134.ROLEX SA: COMPANY SNAPSHOT
TABLE 135.ROLEX SA: PRODUCT PORTFOLIO
TABLE 136.SEIKO HOLDINGS CORPORATION: KEY EXECUTIVES
TABLE 137.SEIKO HOLDINGS CORPORATION.: COMPANY SNAPSHOT
TABLE 138.SEIKO HOLDINGS CORPORATION: OPERATING SEGMENTS
TABLE 139.SEIKO HOLDINGS CORPORATION: PRODUCT PORTFOLIO
TABLE 140.SEIKO HOLDINGS CORPORATION: NET SALES, 2017–2019 ($MILLION)
TABLE 141.THE SWATCH GROUP LTD.: KEY EXECUTIVES
TABLE 142.THE SWATCH GROUP LTD.: COMPANY SNAPSHOT
TABLE 143.THE SWATCH GROUP LTD.: OPERATING SEGMENTS
TABLE 144.THE SWATCH GROUP LTD.: PRODUCT PORTFOLIO
TABLE 145.THE SWATCH GROUP LTD.: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.LUXURY WATCHES MARKET SNAPSHOT
FIGURE 02.GLOBAL LUXURY WATCHES MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.VALUE CHAIN ANALYSIS
FIGURE 05.LOW BARGAINING POWER OF SUPPLIERS
FIGURE 06.HIGH BARGAINING POWER OF BUYERS
FIGURE 07.LOW THREAT OF SUBSTITUTION
FIGURE 08.LOW THREAT OF NEW ENTRANTS
FIGURE 09.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10.LUXURY WATCHES MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.GLOBAL LUXURY WATCHES MARKET, BY TYPE, 2019 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF LUXURY MECHANICAL WATCHES MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF LUXURY ELECTRONIC WATCHES MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.LUXURY WATCHES MARKET, BY END USERS, 2019 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF MEN LUXURY WATCHES MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF WOMEN LUXURY WATCHES MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17.GLOBAL LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNEL, 2019 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF ONLINE STORE FOR LUXURY WATCHES MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SINGLE BRAND STORE FOR LUXURY WATCHES MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF MULTI BRAND STORE FOR LUXURY WATCHES MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 21.LUXURY WATCHES MARKET, BY REGION, 2019 (%)
FIGURE 22.U.S.LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 23.CANADA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 24.MEXICO LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 25.SWITZERLAND LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 26.RUSSIA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 27.SPAIN LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.ITALY LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29.FRANCE LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30.GERMANY LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31.UK LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32.REST OF EUROPE LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33.CHINA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.JAPAN LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.HONG KONG LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.INDIA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.SINGAPORE LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.SOUTH KOREA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.AUSTRALIA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 40.REST OF ASIA-PACIFIC LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41.LATIN AMERICA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 42.MIDDLE EAST LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 43.AFRICA LUXURY WATCHES MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 44.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 45.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 46.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 47.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 48.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 49.CASIO COMPUTER CO., LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 50.CASIO COMPUTER CO., LTD.: NET SALES, 2017-2019 ($MILLION)
FIGURE 51.CASIO COMPUTER CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52.CASIO COMPUTER CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.CITIZEN WATCH CO., LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 54.CITIZEN WATCH CO., LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 55.CITIZEN WATCH CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 56.CITIZEN WATCH CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57.COMPAGNIE FINANCIÈRE RICHEMONT SA: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 58.COMPAGNIE FINANCIÈRE RICHEMONT SA: NET SALES, 2017–2019 ($MILLION)
FIGURE 59.COMPAGNIE FINANCIÈRE RICHEMONT SA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 60.COMPAGNIE FINANCIÈRE RICHEMONT SA: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 61.FOSSIL GROUP, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 62.FOSSIL GROUP, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.FOSSIL GROUP, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.FOSSIL GROUP, INC.: REVENUE SHARE BY PRODUCT, 2020 (%)
FIGURE 65.LVMH MOËT HENNESSY - LOUIS VUITTON: NET SALES, 2018–2020 ($MILLION)
FIGURE 66.LVMH MOËT HENNESSY - LOUIS VUITTON: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.LVMH MOËT HENNESSY - LOUIS VUITTON: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.MOVADO GROUP, INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 69.MOVADO GROUP, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.MOVADO GROUP, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.SEIKO HOLDINGS CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 72.SEIKO HOLDINGS CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 73.THE SWATCH GROUP LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 74.THE SWATCH GROUP LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 75.THE SWATCH GROUP LTD.: REVENUE SHARE BY REGION, 2020 (%)

 
 

According to the CXOs of leading companies, the global Luxury Watches Market exhibits high growth potential in developing economies such as Japan, China, and India, owing to increase in personal disposable income and high spending for luxurious lifestyle. Increase in high net worth individuals and fast emerging economies, such as China and India, facilitate to increase the wealth of the people, thereby increasing the demand for luxury goods, including watches. Rise in number of millionaires and their wealth is attributed to dynamic changes in business environment and technological disruptions, including Internet of Things. In addition, the COVID-19 pandemic has led to growth of the Internet of Things and healthcare sectors. For instance, according to Zhong Huijhan, founder and CEO of Hansoh Pharmaceutical Company, the pandemic boosted the wealth of healthcare executives holding shares in drug and medical device companies developing coronavirus vaccines and therapeutic drugs, which directly impacted the luxury goods and Luxury Watches Markets.

The Asia-Pacific region has been witnessing surge in demand for luxury goods, which is expected to be sustained during the forecast period, owing to the presence of fastest-growing economies. Growing billionaire wealth in the region further favors the growth of the market. According to report published by UBS public company incorporated under the laws of Switzerland, In 2018, the billionaire wealth of Mainland China was valued at $134.9 billion and increased to $1,680.9 billion in 2020.

However, fraudulent & counterfeit luxury watches and limited customer base are the major challenges for the growth of the Luxury Watches Market. Fake luxury watches not only result in losses to innocent buyers but also affect the image of the brand and decrease brand loyalty.  
 

 
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A. The luxury watch market was valued at $43,661.8 million in 2019, and is estimated to reach $51,317.3 million by 2027, registering a CAGR of 4.50% from 2021 to 2027.

A. CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., LVMH Moet Hennessy -Louis Vuitton, Movado Group Inc., Patek Philippe SA, Rolex SA, Seiko Holdings Corp., and the Swatch Group Ltd. Are some of the top companies in the luxury watch market.

A. You can request sample report of luxury watch market from website or drop us an email at help@alliedmarketresearch.com.

A. The CAGR of luxury watch market is 4.50%

A. The luxury watch market is segmented into type, end user, distribution channel, and region.

A. The forecast period is 2021-2027.

A. Europe region holds the maximum market share of the Luxury Watch Market.

A. COVID-19 pandemic negatively impacted the growth of luxury watch market in 2021.

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