Global luxury watches market encompasses digital and analog high-end luxury market. The global luxury watches market was valued at EUR 192,335 in 2015 and is expected to expand with a decent CAGR in near future. Geographically, the global luxury market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, MEA & ROW.
The global luxury watches market is segmented into below mentioned categories:
By Product Type
By Distribution Channel
Growth Drivers and Challenges
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.
Market size and forecast
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.
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