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Luxury Watch Market to become a new revenue collector segment for big brands by 2021

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Research Nester has recently announced its latest research on “Luxury Watches Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.

At present, China holds the top position (50.33%) in producing luxury watches followed by Switzerland in the global luxury watches market.

North America and Europe are the great market for global luxury watches. When combined together, the regions account for 40.4% share in the global market luxury market.

Factors like LAM (look at me), increasing fashion trends, expanding e-commerce market, rising per capita income are expected to drive the global luxury watch market.

However, the high cost, copying/replica being sold at a much lower price, lack of government laws for the luxury watches segment etc. are some of the factors that would work as a roadblock for global luxury watches market.

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