Luxury Watch Market by Type (Mechanical, Electronic), by Band Type (Strap-based, Chain-based), by Distribution Channel (Offline Stores, Online Channel), by North America (U.S., Canada, Mexico), by Europe (Germany, U.K., France, Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East and Africa (UAE, Saudi Arabia, Rest of Middle East & Africa) Forecast 2024-2032
The Luxury Watch Market size was valued at USD 48.10 USD Billion in 2023 and is projected to reach USD 78.46 USD Billion by 2032, exhibiting a CAGR of 7.24 % during the forecast period. A luxury watch is an ornate catchphrase wielded in the art of horology, wherein a refined timepiece is assembled from select materials and dusty, intricate mechanisms. These are including fashion watches with straps designed for evening wear, diver watches waterproof and suitable for underwater activities, and timing or chronograph watches. Automatic or mechanical movements are often used in luxury watches, examples are quartz or mechanical movements that are famous for their reliability and sturdiness. This involves using expensive metals such as stainless steel, gold, or titanium, or providing additional features such as the moon calendar or tours of the billon. Other than being used to tell time, wristwatches are classified as status symbols and sometimes family heritage possessions due to their workmanship. It applies in casual, formal, casual wear,-training, and special occasions with a concentration on the functionality and aesthetics of the dress by enthusiasts.
Type:
Band Type:
Distribution Channel:
January 2024: The Swatch Group introduces a new ocean-inspired watch in collaboration with Blancpain and Swatch.
March 2023: PATEK PHILIPPE SA unveils a new Calatrava collection timepiece with a rose-gold case and navy blue dial.
August 2023: Breitling launches a limited edition of ultralight sports watches in celebration of the IRONMAN World Championship triathlon events.
April 2023: LVMH presents new timepieces from Hublot, TAG Heuer, and Zenith at the 2023 Watches and Wonders fair in Geneva.
January 2022: Seiko Watch Corporation reintroduces the King Seiko Collection with five new timepieces.
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.24% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.24% from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.