Press release
Luxury Watches Market to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2027
Product Innovations, penetration through online channels, and surge in the number of billionaires and their net wealth drive the growth of the global luxury watches market. However, surge of counterfeit and fake products and adoption of pre-owned products hinder the market growth. On the other hand, increase in spending on premium quality products creates new opportunities in the coming years.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6715
The report offers detailed segmentation of the global luxury watches market based on type, end user, distribution channel, and region.
Based on type, the mechanical watches segment contributed to the highest market share in 2019, holding around three-fourths of the total share in 2019, and is projected to maintain its leadership status during the forecast period. However, the electronic watches segment is expected to witness the highest CAGR of 6.0% from 2021 to 2027.
Based on distribution channel, the multi-brand store segment accounted for the largest share in 2019, contributing to more than two-fifths of the global luxury watches market, and is estimated to maintain its lead position during the forecast period. However, the online store segment is expected to manifest the fastest CAGR of 6.0% from 2021 to 2027.
Based on region, Europe held the largest market share in 2019, accounting for more than two-fifths of the total share, and is estimated to continue its dominant share in terms of revenue by 2027. However, Asia-Pacific is expected to portray at the highest CAGR of 6.1% during the forecast period.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/6715
Leading players of the global luxury watches market discussed in the research include CASIO Computer Co. Ltd.
Compagnie Financière Richemont SA
Citizen Watch Co. Ltd.
LVMH Moet Hennessy - Louis Vuitton
Fossil Group Inc.
Patek Philippe SA
Movado Group Inc.
Seiko Holdings Corp.
Rolex SA
The Swatch Group Ltd.
Know More- https://www.globenewswire.com/news-release/2021/05/11/2227431/0/en/Global-Luxury-Watches-Market-to-Generate-51-31-Billion-by-2027-Allied-Market-Research.html
Trending Reports:
Waterless Cosmetic Market: https://www.alliedmarketresearch.com/waterless-cosmetic-market-A16860
Bamboo Toothbrush Market: https://www.alliedmarketresearch.com/bamboo-toothbrush-market-A11176
Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.
Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.
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 Watches Market to Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth by 2027 here
News-ID: 3974049 • Views: …
More Releases from Allied Market Research
Mortar Ammunition Market Demand, Growth Opportunities, Analysis by Top Key Playe …
Mortar ammunitions are stealth, robust and modern devices that can launch to a counter at short and low nearing activities. Modern-age mortars are light in weight and portable in nature. These ammunitions generally come in two types: fin-stabilized and spin-stabilized. Fin-Stabilized projectiles obtain stability through use of fins located at the aft of projectile. Spin-stabilized projectile technology has been used for aerodynamic stabilization. Glided path is auto-tracked and spinning creates…
Orthodontic Headgear Market is Projected to Reach $2,094.00 Million by 2031, Gro …
The Orthodontic Headgear Market is a dynamic and integral segment of the orthodontic industry, playing a pivotal role in the correction of malocclusions and the alignment of teeth. Orthodontic headgear is a crucial orthodontic appliance used to address a wide range of dental and skeletal irregularities, such as overbites, underbites, and spacing issues. This market is witnessing substantial growth as orthodontic treatments become increasingly popular for both functional and cosmetic…
Olive Oil Market Analysis, Size, Growth, Trends, Segmentation, Opportunity and F …
The global olive oil industry was valued at $18,552.6 million in 2022, and is projected to reach $30,196.4 million by 2032, registering a CAGR of 5.2% from 2023 to 2032.
The olive oil market has experienced significant growth driven by several prime determinants. The increase in awareness and adoption of healthier lifestyles have led consumers to seek alternatives to traditional cooking oils, with olive oil being recognized for its numerous health…
Hotel Toiletries Market Revenue is expected to Surpass $50.5 billion by 2031
The hotel toiletries market was valued at $17.9 billion in 2021, and is estimated to reach $50.5 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031.
Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/75060
There is a greater demand for hotel toiletries with the growth of the tourism industry and the rise in international travel. Improved transportation, economic growth, globalization, technology advancements, and other initiatives have…
More Releases for Watch
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,…
Fitronix Fitness Watch Review-Does Fitronix Fitness Watch Work-Complete Info
Fitronix Fitness Watch Review Is It the reliable Business? >> The article consists of information, specification, advantages, and cons, and exchange and returns coverage of the Fitronix Fitness Watch.
In recent years, life has become greater traumatic than it has ever been. As a outcome, increasingly human beings are laid low with strain-related problems. Studies have observed that strain appears to worsen or increase the chance of situations like obesity, coronary…
RockFit Watch Review-Does RockFit Watch Work-Complete Info
RockFit watch is a health and health tracker smartwatch that enables you check your exercising development. According to the official website, this device does no longer only preserve note of what number of energy you’ve burned or how many steps you've got walked, however it also monitors your blood pressure, heart charge, and sleep metrics. http://claimspecialdiscount.site/Get-RockFitWatch-Now
Therefore, with a watch along with this one, you may readily live up to date…
