2022 Luxury Watch Global Market Report : Size, Share, Growth Rate, Business Module, Product Scope And Expansion 2031

The global luxury watch market report by the business research company identifies growing consumer preference for high-quality, premium watches in the luxury goods industry is expected to propel the growth of the luxury watch market. Growing consumer preference in the luxury watch market is characterized as the abstract preferences of individual buyers, estimated by their fulfillment with those things after they've bought them. This satisfaction is often indicated to as utility. Purchaser worth is not entirely set in stone by how buyer utility thinks about various things. The surge in the luxury watches market is driven due to people's preference for high-end watches, due to increase in rising disposable income, and an urge among adults to wear expensive luxury watches as a social statement of their identity, especially in developing countries. For instance, according to the Swiss watch industry federation, 2021 was the best year for the Swiss watches market. The all-out trade worth of Swiss watches for 2021 was CHF 22.3 billion, beating the past record-breaking record of CHF 22.25 billion, which in turn indicates growing consumer preference. Therefore, the growing consumer preference for high-quality, premium watches in the luxury goods industry drives the luxury watches market.

The global luxury watches market size is expected to grow from $27.19 billion in 2021 to $28.43 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The luxury watch market size is expected to grow to $33.07 billion in 2026 at a CAGR of 3.9%.

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Western Europe was the largest region in the luxury watch market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury watches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the luxury watch market are Seiko Holdings, Citizen Watch Company of America Inc., LVMH Moet Hennessy -Louis Vuitton, Compagnie Financiere Richemont SA, The Swatch Group Ltd, Audemars Piguet, Richard Mille, CASIO, Computer Co. Ltd, Patek Philippe SA, Bernard Watch Co., Apple Inc., A. Lange & Söhne, Movado Group Inc. and Richard Mille.

The global organic food market is segmented -
1) By Type:
Digital Watch
Analog Watch

2) By Distribution Channel:
Internet Retailing
Departmental Stores
Specialist Retailers
Exclusive Showrooms

3) By End-User:
Men
Women
Unisex

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The Luxury watch Market Report Contents Include
1. Executive Summary
2. Luxury Watch Market Characteristics
3. Luxury Watch Market Trends And Strategies
4. Impact Of COVID-19 On Luxury Watch
5. Luxury Watch Market Size And Growth
….....
28. Key Mergers And Acquisitions In The Luxury Watch Market
29. Luxury Watch Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the luxury watch market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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