Luxury Watch Market 2021 Business Scenario – LVMH, CHANEL International B.V., Hermes, Kering Group, ROLEX SA, Richemont, Patek Philippe SA

The Global Luxury Watch Market report provides the overall structure and business outlook of the Global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Global Luxury Watch Market with its specific geographical regions.

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

Top leading Companies Profiled in Luxury Watch Market Report are LVMH, CHANEL International B.V., Hermes, Kering Group, ROLEX SA, Richemont, Patek Philippe SA, The Swatch Group

Latest Update and Developments

13 July 2021 Industronics To Tap On USD17 Billion Pre-Owned Luxury Watch Market With The Launch Of Its Own Luxury Watch E-Commerce Platform- Bursa Malaysia Main Market-listed company Industronics Berhad ("Industronics" or "Company" or "Group"), will tap into the USD17 billion pre-owned luxury watch market with the official launch of its own luxury watch e-commerce platform, watch-exchanges.com ("WatchExchange"), through Ecgo International Limited, its wholly-owned subsidiary in Hong Kong.

Launch of the TAG Heuer Connected Modular 45 in Mexico- The event, held in the Altto San Angel complex in the south of Mexico City, and which featured Henri Monti, Tag Heuer Sales Director for Latin America, and Karim Santiago, Director General in Mexico, gathered over 300 guests to unveil the first luxury connected watch with the Swiss Made label.



Market Overview

- 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.

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.

Segment by Type
Low Grade
Middle Grade
High Grade

Segment by Application
Online Store
Supermarket
Direct Sale

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Regional Analysis:

Asia-Pacific (China, Global, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Luxury Watch Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Luxury Watch market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Luxury Watch market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Globally for the Luxury Watch

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In conclusion, the Luxury Watch market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Luxury Watch Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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