Luxury Watch Market Report 2022: Industry Trends, Growth, Size, Share and Forecast 2027

According to the latest report by IMARC Group, titled "Luxury Watch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global luxury watch market reached a value of US$ 26.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2027, exhibiting a CAGR of 3.4% during 2022-2027. The report provides a detailed analysis of the market by region, type, end user, distribution channel.

competitive landscape.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

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Luxury Watch Market Industry Definition and Application:

Luxury watches are high-quality and premium-priced accessories that are worn on the wrist to add a sophisticated and elegant look to the style and personality of people. They are manufactured using precious metals like gold, silver and platinum and decorated with rubies and diamonds. Presently, leading manufacturers are relying on the newly developed artificial intelligence (AI) technology to offer innovative features like making calls and monitoring physical activities.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Luxury Watch Market Trends and Drivers:

The emerging trend of adopting premium fashion on account of inflating income levels represents one of the key factors bolstering the market growth. Moreover, the widespread availability of luxury watches in unique materials, dial colors, strap designs, and themes is propelling the market growth. Besides this, several manufactures are offering pre-owned product variants at discounted prices through online stores. They are also financing promotional campaigns to expand their existing market share. Furthermore, the growing participation of individuals in professional scuba diving is positively influencing the sales of luxury watches. This can also be attributed to their water and corrosion resistance.

Browse full report with TOC: https://www.imarcgroup.com/luxury-watch-market

Global Luxury Watch Market Segmentation:

Competitive Landscape:

The report has segmented the market on the basis on region, type, end user, distribution channel.

Breakup by Type:

Analog Watch
Digital Watch

Breakup by End User:

Women
Men
Unisex

Breakup by Distribution Channel:

Online Stores
Offline Stores

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the Major Luxury Watch Market Key players?

The report provides a detailed analysis of the market leaders, including.

Apple Inc., Breitling SA, Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., Hermès International S.A., Kering, LVMH Moët Hennessy Louis Vuitton, Movado Group Inc., Patek Philippe SA, Rolex SA, Seiko Watch Corporation, The Swatch Group Ltd. and Titan Company Limited.

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