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Global Luxury Watch Market Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 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                                                                                                                                               

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

•          North America

•          Latin America

•          Europe

•          Asia-Pacific

•          Rest of World

Segmentation

•          By Hardware and Software

•          By Technology

•          By Components

•          By Application

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                 Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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