Press release
Luxury Watch Market Size Hit to Reach US$ 32.3 Billion by 2027, Industry Growth
Luxury Watch Market
Report Highlights
How big is the luxury watch market?
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.
What is luxury watch?
Luxury watches are created by skilled craftsmen with high-quality and premium-priced accessories. They are produced using precious metals such as silver, platinum, and gold, and with jewels, including rubies, sapphires and diamonds, to create elegant pieces. They are worn on the wrist to add a touch of sophistication and refinement to enhance an individual style and personality. They are unique, highly exclusive, durable, and not mass-produced. Owing to these benefits, luxury watches are easily available in online and offline stores across the globe.
Request for a free sample copy of this report: https://www.imarcgroup.com/luxury-watch-market/requestsample
What are the growth prospects and trends in the luxury watch industry?
The market is primarily driven by the rising demand for luxury watches as a status sign among individuals. In addition, the increasing standard of living, rising disposable income of the middle-class population, and key players are providing limited edition watches with numerous designs and features to increase their revenue contributing to the market growth. In line with this, several new product launches by leading market players such as Rolex, Sonata, and Titan are accelerating the product adoption rate.
Moreover, the widespread adoption of custom-made luxury watches to help with mid-flight aeronautical calculations, such as fuel consumption and wind correction angle, represents another major growth-inducing factor. Besides this, the shifting trend from conventional to diamond and golden watches among individuals, and the easy availability of luxury watches in unique materials, dial colors, strap designs, and themes are propelling the market growth. Furthermore, extensive participation in professional scuba diving is surging the need for specialized high-end watches designed with waterproof, corrosion-resistant, and diver-friendly properties, which is creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players 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.
Titan Company Limited.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4721&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Luxury Watch Market Size Hit to Reach US$ 32.3 Billion by 2027, Industry Growth here
News-ID: 3038969 • Views: …
More Releases from IMARC Group
Global Luxury Cosmetics Market Set for Remarkable Growth with Rising Demand for …
The global luxury cosmetics market reached a valuation of USD 54.9 billion in 2024, reflecting strong momentum across beauty and skincare categories. Growth in this sector is driven by rising disposable incomes, particularly in emerging economies, and an increasing preference for premium beauty products that emphasize exclusivity and superior quality. Additionally, social media engagement and digital influence have reshaped consumer choices, motivating buyers to explore luxury cosmetic brands and high-end…
Global E-Invoicing Market Set for Robust Expansion Driven by Digital Transformat …
Market Overview
The global e-invoicing market was valued at USD 15.9 billion in 2024 and is projected to reach USD 68.7 billion by 2033, expanding at a CAGR of 16.8% during 2025-2033. This strong growth is driven by the rapid rise of e-commerce, acceleration of digital transformation across industries, advancements in cloud-based platforms, and increasing government regulations that promote financial transparency and sustainable practices. With automation and digital invoicing becoming standard…
Global Governance, Risk and Compliance Platform Market Set for Robust Growth Dri …
Governance, Risk, and Compliance Platform Market Overview
The global governance, risk, and compliance platform market was valued at USD 49.2 billion in 2024 and is projected to surge to USD 127.7 billion by 2033, advancing at a CAGR of 11.18%. This robust growth is driven by rapid regulatory changes, rising cybersecurity risks, and the widespread adoption of hybrid and remote work models.
Organizations are increasingly adopting advanced GRC platforms powered by cloud…
Barley Prices July 2025 - Trend, Chart, Index & Forecast
North America Barley Prices Movement Q3 July 2025:
In July 2025, barley prices in North America were recorded at 1.05 USD/KG, reflecting a 1.0% decline. The downward movement was driven by ample domestic supply and favourable harvest conditions. Slower export demand and competitive global pricing added pressure, while transportation and storage costs remained relatively stable across the region.
Regional Analysis: The price analysis can be extended to provide detailed EPDM Rubber price…
More Releases for Watch
Aevitas Watch Case: The Ultimate Guide to Watch Cases for Collectors
Watches are more than just timekeeping tools-they're symbols of style, craftsmanship, and sometimes, a lifelong passion. Whether you're a seasoned collector or just starting, protecting your timepieces is crucial. That's where an Aevitas watch case https://aevitas-uk.co.uk/collections/watch-boxes or other high-quality watch cases come in. These storage solutions keep your watches safe, organized, and beautifully displayed. In this guide, we'll explore everything you need to know about Aevitas watch cases, the…
Lux Watch Care Redefines Luxury Watch Storage and Care in Australia
Lux Watch Care, a leading provider of premium watch accessories, is setting a new benchmark for luxury watch storage and maintenance in Australia. Specializing in meticulously crafted watch winders, boxes, and rolls, the brand is dedicated to serving the needs of watch collectors and enthusiasts nationwide. With an unwavering commitment to quality and innovation, Lux Watch Care ensures every timepiece is stored, displayed, and maintained with the elegance it deserves.
A…
FITNUS WATCH REVIEW 2023: IS FITNUS WATCH LEGIT? ( FITNUS WATCH AMAZON
The Fitnus watch is a wearable device that combines fitness tracking and smartwatch functionality in one sleek and stylish package. Designed with a focus on the needs of seniors, Fitnus aims to provide a low-cost alternative to larger, more expensive smartwatch brands while still delivering essential health and fitness features.
Fitnus is primarily marketed towards the elderly demographic, offering a user-friendly interface and a range of health monitoring capabilities. It is…
KINETIC PRO WATCH REVIEWS:DON'T BE FOOLED!IS KINETIC PRO WATCH LEGIT ?
Kinetic Pro Watch has taken the USA market by storm with its exceptional effectiveness, making it a highly sought-after fitness watch. This legit product has garnered a solid reputation for its ability to meet the diverse needs of health-conscious individuals. With a remarkable Google rating of 4.7, it's evident that the Kinetic Pro Watch has won the hearts of countless users who have experienced its outstanding features and functionalities.
In today's…
Global Luxury Watch Market, Global Luxury Watch Industry, Covid-19 Impact Global …
Luxury watch is a specific type of an exclusive high-end watch that has better quality of products and flawless methods used in the manufacturing process for the same. Various inventive advertising methods combined with advanced products presented by the manufacturers have created a dizzying demand for the product. These watches are a minimal improvement over conventional clocks, with sophisticated functions and features that result in their great value. In addition,…
Moxie Fitbit Watch Review-Does Moxie Fitbit Watch Work-Complete Info
The Moxie Fitbit Watch is a elegant watch that combines the functionality of a timepiece with the biometric records of a fitness wristband. The 380mAh rechargeable Li-ion battery powers the Moxie Fitbit Watch and makes use of the newest contemporary fitness sensors and Bluetooth era. Compatible with each Android and iOS smartphones, customers can maintain tune in their health information with out sporting an ordinary fitness tracker layout.
However,…
