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Global Luxury Watch Market Analysis & Opportunity Outlook 2021

Published On : December, 2018 REP-ID-126 Category: Miscellaneous

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.

Market Segmentation

The global luxury watches market is segmented into below mentioned categories:

By Product Type

  • Mechanical
  • Quartz

By Distribution Channel

  • Internet Retailing
  • Departmental Stores
  • Specialist Retailers
  • Exclusive Showrooms

By Demography

  • Male Watches
  • Female Watches

By Geographically

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • MEA
  • ROW

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.

Key Players

  • Audemars Piguet
  • Burberry
  • Casio
  • Chanel
  • Chopard
  • Citizen
  • Dolce & Gabbana
  • Giorgio Armani
  • Patek Philippe
  • Timex
  • Titan
  • Seiko                                                                                                                                               

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