Global Luxury Watch Market Size study & Forecast, by Type (Analog Watch, Luxury Watch), by End User (Women, Men, Unisex), by Distribution Channel (Offline Retail Stores, Online Retail Stores) and Regional Analysis, 2023-2030

Description

List of Tables

Global Luxury Watch Market is anticipated to grow with a healthy growth rate of more than 3.25% over the forecast period 2023-2030. A luxury watch is a meticulously crafted timepiece that embodies exceptional craftsmanship, precision engineering, and exquisite design. It is typically made with the finest materials, including precious metals, diamonds, and high-quality leathers. Luxury watches often showcase intricate complications, such as tourbillons, perpetual calendars, and chronographs, demonstrating the brand's technical prowess and innovation. Beyond their functional purpose of telling time, luxury watches are regarded as symbols of status, refinement, and a timeless sense of style, appealing to discerning individuals who appreciate the artistry, exclusivity, and enduring value that these timepieces represent. The factors driving the growth of luxury watch market are rising demand for luxury goods and growing consumer preference for high-quality, premium watches.

According to Europa Star, an international watch magazine, the global market value of Rolex in 2021 was USD 8.81 billion thus leading the luxury watch market. Another factor driving the market is growing consumer preference for high-quality, premium watches. Worldwide, people are interested in using high-quality products that are made using advanced technology and materials. Owning such products is seen as a way to show off one's social status. Moreover, the innovation of luxury smartwatches with advanced features, such as monitoring heart rate, blood and oxygen levels, sleep patterns, and tracking physical activity along with the customization and personalized options is expected to create abundant opportunities in the market. However, the high cost of Luxury Watch and intense competition with numerous established brands and new entrants vying for market share stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Luxury Watch Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to its strong economy, large middle class with considerable disposable income, and strong influence on global fashion and trends. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as rising disposable income, growing consumer base, and increasing preference for luxury goods, particularly in countries like China, Japan, and South Korea. According to the Federation of the Swiss Watch Industry, Swiss watch exports to Mainland markets, primarily China, reached a total of CHF 212 million (USD 2.39 billion) in 2022, accounting for 8.8% of the market share.

Major market player included in this report are:

Rolex SA
Hermes International SA
Chanel SA
Moet Hennessy Louis Vuitton SE (LVMH)
Kering Group
Compagnie Financiere Richemont SA
The Swatch Group Ltd
Audemars Piguet
Patek Philippe SA
The Swatch Group Ltd

Recent Developments in the Market:

In December 2022, Bucherer, a prominent luxury goods company, acquired Klarlund, a renowned Danish watch and jewelry retailer. This strategic acquisition is expected to support Klarlund in solidifying its position as a leading destination for watch enthusiasts in Denmark.
In October 2022, Ethos Limited, a luxury watch retailer, revealed its intentions to launch 30-35 new stores across India within the next three years. The company's expansion plans are driven by the growing demand for luxury watches in the Indian market.

Global Luxury Watch Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, End User, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Analog Watch
Digital Watch

By End User:

Women
Men
Unisex

By Distribution Channel:

Offline Retail Stores
Online Retail Stores

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Luxury Watch Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Luxury Watch Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Luxury Watch Market, by End User, 2020-2030 (USD Billion)
- 1.2.4. Luxury Watch Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Luxury Watch Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Luxury Watch Market Dynamics

3.1. Luxury Watch Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising demand for luxury goods
  - 3.1.1.2. Growing consumer preference for high-quality, premium watches
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Luxury Watch
  - 3.1.2.2. Intense competition with numerous established brands and new entrants vying for market share
- 3.1.3. Market Opportunities
  - 3.1.3.1. Innovation with advanced features such as health tracker and physical activity tracking
  - 3.1.3.2. Customization and personalized options

Chapter 4. Global Luxury Watch Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Luxury Watch Market, by Type

5.1. Market Snapshot
5.2. Global Luxury Watch Market by Type, Performance - Potential Analysis
5.3. Global Luxury Watch Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Luxury Watch Market, Sub Segment Analysis
- 5.4.1. Analog Watch
- 5.4.2. Digital Watch

Chapter 6. Global Luxury Watch Market, by End User

6.1. Market Snapshot
6.2. Global Luxury Watch Market by End User, Performance - Potential Analysis
6.3. Global Luxury Watch Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Luxury Watch Market, Sub Segment Analysis
- 6.4.1. Women
- 6.4.2. Men
- 6.4.3. Unisex

Chapter 7. Global Luxury Watch Market, by Distribution Channel

7.1. Market Snapshot
7.2. Global Luxury Watch Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Luxury Watch Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Luxury Watch Market, Sub Segment Analysis
- 7.4.1. Offline Retail Stores
- 7.4.2. Online Retail Stores

Chapter 8. Global Luxury Watch Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Luxury Watch Market, Regional Market Snapshot
8.4. North America Luxury Watch Market
- 8.4.1. U.S. Luxury Watch Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. End User breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Luxury Watch Market
8.5. Europe Luxury Watch Market Snapshot
- 8.5.1. U.K. Luxury Watch Market
- 8.5.2. Germany Luxury Watch Market
- 8.5.3. France Luxury Watch Market
- 8.5.4. Spain Luxury Watch Market
- 8.5.5. Italy Luxury Watch Market
- 8.5.6. Rest of Europe Luxury Watch Market
8.6. Asia-Pacific Luxury Watch Market Snapshot
- 8.6.1. China Luxury Watch Market
- 8.6.2. India Luxury Watch Market
- 8.6.3. Japan Luxury Watch Market
- 8.6.4. Australia Luxury Watch Market
- 8.6.5. South Korea Luxury Watch Market
- 8.6.6. Rest of Asia Pacific Luxury Watch Market
8.7. Latin America Luxury Watch Market Snapshot
- 8.7.1. Brazil Luxury Watch Market
- 8.7.2. Mexico Luxury Watch Market
8.8. Middle East & Africa Luxury Watch Market
- 8.8.1. Saudi Arabia Luxury Watch Market
- 8.8.2. South Africa Luxury Watch Market
- 8.8.3. Rest of Middle East & Africa Luxury Watch Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Rolex SA
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Hermes International SA
- 9.3.3. Chanel SA
- 9.3.4. Moet Hennessy Louis Vuitton SE (LVMH)
- 9.3.5. Kering Group
- 9.3.6. Compagnie Financiere Richemont SA
- 9.3.7. The Swatch Group Ltd
- 9.3.8. Audemars Piguet
- 9.3.9. Patek Philippe SA
- 9.3.10. The Swatch Group Ltd

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Luxury Watch Market, report scope
TABLE 2. Global Luxury Watch Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Luxury Watch Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Luxury Watch Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 5. Global Luxury Watch Market estimates & forecasts by Distribution Channel 2020-2030 (USD Billion)
TABLE 6. Global Luxury Watch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Luxury Watch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Luxury Watch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Luxury Watch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Luxury Watch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Luxury Watch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Luxury Watch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Luxury Watch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Luxury Watch Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Luxury Watch Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Luxury Watch Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Luxury Watch Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Luxury Watch Market
TABLE 71. List of primary sources, used in the study of global Luxury Watch Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Luxury Watch Market, research methodology
FIG 2. Global Luxury Watch Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Luxury Watch Market, key trends 2022
FIG 5. Global Luxury Watch Market, growth prospects 2023-2030
FIG 6. Global Luxury Watch Market, porters 5 force model
FIG 7. Global Luxury Watch Market, pest analysis
FIG 8. Global Luxury Watch Market, value chain analysis
FIG 9. Global Luxury Watch Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Luxury Watch Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Luxury Watch Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Luxury Watch Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Luxury Watch Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Luxury Watch Market, regional snapshot 2020 & 2030
FIG 15. North America Luxury Watch Market 2020 & 2030 (USD Billion)
FIG 16. Europe Luxury Watch Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Luxury Watch Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Luxury Watch Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Luxury Watch Market 2020 & 2030 (USD Billion)