Luxury Watch Market 2027: Analysis, Trends, Growth, Share and Outlook

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.

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.

Market Trends:

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.

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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.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Apple Inc
  • Breitling SA
  • Casio Computer Co. Ltd
  • Citizen Watch Co. Ltd
  • Compagnie Financiere Richemont SA
  • Fossil Group Inc
  • Hermes International S.A
  • Kering
  • LVMH Moeet Hennessy Louis Vuitton
  • Movado Group Inc
  • Patek Philippe SA
  • Rolex SA
  • Seiko Watch Corporation
  • The Swatch Group Ltd
  • Titan Company Limited

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

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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’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.

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