Market Overview:
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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Luxury watches are high-quality and premium-priced accessories manufactured by skilled craftsmen. They are made using precious metals, such as gold, silver, and platinum, and ornamented with jewels like rubies and diamonds. They are worn on the wrist to add a sophisticated and elegant look to people’s style and personality. As they are exclusive, expensive, and not mass-produced, they can easily be differentiated from their affordable counterparts on account of their durability and uniqueness. At present, improving living standards and inflating disposable incomes are driving the demand for luxury watches around the world.
Luxury Watch Market Trends:
The emerging trend of adopting premium fashion as a status symbol represents one of the key factors positively influencing the demand for handcrafted luxury watches worldwide. Moreover, the growing participation of individuals in professional scuba diving is driving the need for specialized, high-end watches. These watches are designed with diver-friendly features, such as waterproof and corrosion resistance, which can function in the ocean water. Apart from this, the growing complexity of aviation is catalyzing the adoption of custom-made pilot luxury watches to assist with mid-flight aeronautical calculations, such as wind correction angle and fuel consumption. Furthermore, the easy availability of luxury watches in unique materials, dial colors, strap designs, and themes is contributing to the market growth. Besides this, several market players are offering secondhand luxury watches at discounted prices through online stores. This, in confluence with the rising popularity of pre-owned luxury items, especially among the young population, on account of their affordability and accessibility is impelling the market growth. Additionally, these players are investing in promotional activities like celebrity endorsements to attract a large consumer base.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury watch market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, end user and distribution channel.
Breakup by Type:
- Analog Watch
- Digital Watch
Breakup by End User:
Breakup by Distribution Channel:
- Online Stores
- Offline Stores
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Titan Company Limited.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, End User, Distribution Channel, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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. and Titan Company Limited |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global luxury watch market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global luxury watch market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global luxury watch market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Luxury Watch Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Analog Watch
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Digital Watch
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End User
7.1 Women
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Men
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Unisex
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online Stores
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline Stores
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Apple Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Breitling SA
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Casio Computer Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Citizen Watch Co. Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Compagnie Financière Richemont SA
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Fossil Group Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Hermès International S.A.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Kering
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 LVMH Moët Hennessy Louis Vuitton
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Movado Group Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Patek Philippe SA
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Rolex SA
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Seiko Watch Corporation
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.14 The Swatch Group Ltd.
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
14.3.15 Titan Company Limited
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
List of Figures
Figure 1: Global: Luxury Watch Market: Major Drivers and Challenges
Figure 2: Global: Luxury Watch Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Luxury Watch Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Luxury Watch Market: Breakup by Type (in %), 2021
Figure 5: Global: Luxury Watch Market: Breakup by End User (in %), 2021
Figure 6: Global: Luxury Watch Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Luxury Watch Market: Breakup by Region (in %), 2021
Figure 8: Global: Luxury Watch (Analog Watch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Luxury Watch (Analog Watch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Luxury Watch (Digital Watch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Luxury Watch (Digital Watch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Luxury Watch (Women) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Luxury Watch (Women) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Luxury Watch (Men) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Luxury Watch (Men) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Luxury Watch (Unisex) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Luxury Watch (Unisex) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Luxury Watch (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Luxury Watch (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Luxury Watch (Offline Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Luxury Watch (Offline Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Canada: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Canada: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia-Pacific: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia-Pacific: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: China: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: China: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Japan: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Japan: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South Korea: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South Korea: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Indonesia: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Indonesia: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Brazil: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Brazil: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Mexico: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Mexico: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Middle East and Africa: Luxury Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Middle East and Africa: Luxury Watch Market: Breakup by Country (in %), 2021
Figure 70: Middle East and Africa: Luxury Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Global: Luxury Watch Industry: SWOT Analysis
Figure 72: Global: Luxury Watch Industry: Value Chain Analysis
Figure 73: Global: Luxury Watch Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Luxury Watch Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Luxury Watch Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Luxury Watch Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Luxury Watch Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Luxury Watch Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Luxury Watch Market: Competitive Structure
Table 7: Global: Luxury Watch Market: Key Players