09-25-2017 11:48 AM CET - Advertising, Media Consulting, Marketing Research

Luxury Watches Market Premiumization Through Product Design and Innovation 2017-2021

Press release from: MarketResearchReports.biz

The global luxury watch market to grow at a CAGR of 2.98% during the period 20172021.

Luxury goods are defined as products that are not required but highly desirable. The meaning of luxury is very subjective in nature. Based on an individual's perception of such goods, luxury can be defined in various ways. Luxury goods are products associated with affluence.
A luxury watch is a high-quality, expensive timepiece used by upper-class individuals. It is more of a style statement than a necessity.

Covered in this report
The report covers the present scenario and the growth prospects of the global luxury watch market for 20172021. To calculate the market size, the report considers the revenue generated from retail sales of personal luxury goods to individual customers.

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The market is divided into the following segments based on geography:

Technavio's report, Global Luxury Watch Market 20172021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Swatch Group
Other prominent vendors
Chopard International
Fossil Group
Movado Group
Seiko Watch

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Market driver
Premiumization through product design and innovation
For a full, detailed list, view our report

Market challenge
Decline in profit margins of vendors and retailers
For a full, detailed list, view our report

Market trend
Customization of luxury watches
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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This release was published on openPR.
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