Luxury Watch Market Overview

Luxury Watch Market is valued at USD 44.42 Billion in 2021 and is anticipated to reach USD 59.05 Billion over the forecast period 2028, at a CAGR of 4.15%.

There is no official definition of a luxury watch. Luxury watches are regarded as images in the minds of consumers that make up their associations with high standards of price, quality, aesthetics, rarity, extraordinary and non-functional associations. It also means a status symbol of people, that much Common attributes of luxury watches are limited availability, social distinction, exclusivity, exceptional quality, and high price. The number of individuals with high net worth is skyrocketing, and disposable income is rising. Spending on premium quality products is some of the factors driving the growth of global luxury watches market during the forecast period. 

Impact of Covid-19 on Luxury Watch Market

As the COVID-19 pandemic impacted the United States and major countries in Europe and Asia, which were the main consumers of luxury watches, the market saw reduced demand and lazy development due to various movement restrictions. People are facing huge losses in their business and temporary inactivity in export and import, which negatively impacted the growth of the market in 2020.

Scope of Luxury Watch Market

On the basis of type, the mechanical watches segment has gained major share in the global luxury watches market 2019, and is expected to maintain its market share during the forecast period 2021-2026. Luxury mechanical watches are majorly preferred over electronic watches as they are more complicated. A high-end mechanical watch contains a much larger number of small moving parts inside and takes hours and hours of effort to build. It's an impressive machine, a mechanical achievement in the analog world.

On the basis of End-User, luxury watches are gaining a lot of attention as men and women fashion trends rise. Entrepreneurs, celebrities, and men are target customers in the fashion world for luxury watches where they can buy them.

Market Segmentation

Drivers

The preference for luxury goods including watches mostly involved in men and women. The growing brand awareness, influence from the Western world and the inherent need for dominance are some of the factors contributing to the growing demand for luxury watches. Women are more interested in gold watches with diamonds. Therefore, many luxury watches makers focus on making golf or diamond watches. The growing working women is primarily attributable to the growth of the luxury watches market during the forecast period 2021- 2026.

Restraints

Counterfeit watches are unauthorized reproductions of genuine watches. As technology advances, many non-luxury and inexpensive quartz watches are also commonly counterfeited and sold on city streets and online. It only affects badly to the luxury watch making industry but also reduce the status and purchase of luxury watches.

Regional Analysis

Regionally, The Asia Pacific region is gaining significant traction in the luxury watches market and is growing at the fastest CAGR. Europe dominated the luxury watches market in 2019, and is expected to maintain its dominance over the forecast period. In Asia-Pacific region, development of countries like India and China are booming worldwide. The growing retail industry in India has primarily driven the market growth.

Top Key Players Covered in Luxury Watch market are :

• CASIO Computer Co. Ltd.
• Citizen Watch Co. Ltd.
• Compagnie Financière Richemont SA
• Fossil Group Inc.
• LVMH Moet Hennessy -Louis Vuitton
• Movado Group Inc.
• Patek Philippe SA
• Rolex SA
• Seiko Holdings Corp
• The Swatch Group Ltd. and other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Distribution Channels
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Luxury Watches Market by Type
 5.1 Luxury Watches Market Overview Snapshot and Growth Engine
 5.2 Luxury Watches Market Overview
 5.3 Mechanical Watches
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Mechanical Watches: Grographic Segmentation
 5.4 Electronic Watches
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Electronic Watches: Grographic Segmentation

Chapter 6: Luxury Watches Market by Distribution Channels
 6.1 Luxury Watches Market Overview Snapshot and Growth Engine
 6.2 Luxury Watches Market Overview
 6.3 Online Store
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Online Store: Grographic Segmentation
 6.4 Single Brand Store
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Single Brand Store: Grographic Segmentation
 6.5 Multi Brand Store
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Multi Brand Store: Grographic Segmentation

Chapter 7: Luxury Watches Market by Application
 7.1 Luxury Watches Market Overview Snapshot and Growth Engine
 7.2 Luxury Watches Market Overview
 7.3 Men
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Men: Grographic Segmentation
 7.4 Women
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Women: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Luxury Watches Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Luxury Watches Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Luxury Watches Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 CASIO COMPUTER CO. LTD.
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CITIZEN WATCH CO. LTD.
 8.4 COMPAGNIE FINANCIÈRE RICHEMONT SA
 8.5 FOSSIL GROUP INC.
 8.6 LVMH MOET HENNESSY -LOUIS VUITTON
 8.7 MOVADO GROUP INC.
 8.8 PATEK PHILIPPE SA
 8.9 ROLEX SA
 8.10 SEIKO HOLDINGS CORP
 8.11 THE SWATCH GROUP LTD
 8.12 OTHER MAJOR PLAYERS

Chapter 9: Global Luxury Watches Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Mechanical Watches
  9.2.2 Electronic Watches
 9.3 Historic and Forecasted Market Size By Distribution Channels
  9.3.1 Online Store
  9.3.2 Single Brand Store
  9.3.3 Multi Brand Store
 9.4 Historic and Forecasted Market Size By Application
  9.4.1 Men
  9.4.2 Women

Chapter 10: North America Luxury Watches Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Mechanical Watches
  10.4.2 Electronic Watches
 10.5 Historic and Forecasted Market Size By Distribution Channels
  10.5.1 Online Store
  10.5.2 Single Brand Store
  10.5.3 Multi Brand Store
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Men
  10.6.2 Women
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Luxury Watches Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Mechanical Watches
  11.4.2 Electronic Watches
 11.5 Historic and Forecasted Market Size By Distribution Channels
  11.5.1 Online Store
  11.5.2 Single Brand Store
  11.5.3 Multi Brand Store
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Men
  11.6.2 Women
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Luxury Watches Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Mechanical Watches
  12.4.2 Electronic Watches
 12.5 Historic and Forecasted Market Size By Distribution Channels
  12.5.1 Online Store
  12.5.2 Single Brand Store
  12.5.3 Multi Brand Store
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Men
  12.6.2 Women
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Luxury Watches Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Mechanical Watches
  13.4.2 Electronic Watches
 13.5 Historic and Forecasted Market Size By Distribution Channels
  13.5.1 Online Store
  13.5.2 Single Brand Store
  13.5.3 Multi Brand Store
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Men
  13.6.2 Women
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Luxury Watches Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Mechanical Watches
  14.4.2 Electronic Watches
 14.5 Historic and Forecasted Market Size By Distribution Channels
  14.5.1 Online Store
  14.5.2 Single Brand Store
  14.5.3 Multi Brand Store
 14.6 Historic and Forecasted Market Size By Application
  14.6.1 Men
  14.6.2 Women
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. LUXURY WATCHES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. LUXURY WATCHES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. LUXURY WATCHES MARKET COMPETITIVE RIVALRY
TABLE 005. LUXURY WATCHES MARKET THREAT OF NEW ENTRANTS
TABLE 006. LUXURY WATCHES MARKET THREAT OF SUBSTITUTES
TABLE 007. LUXURY WATCHES MARKET BY TYPE
TABLE 008. MECHANICAL WATCHES MARKET OVERVIEW (2016-2028)
TABLE 009. ELECTRONIC WATCHES MARKET OVERVIEW (2016-2028)
TABLE 010. LUXURY WATCHES MARKET BY DISTRIBUTION CHANNELS
TABLE 011. ONLINE STORE MARKET OVERVIEW (2016-2028)
TABLE 012. SINGLE BRAND STORE MARKET OVERVIEW (2016-2028)
TABLE 013. MULTI BRAND STORE MARKET OVERVIEW (2016-2028)
TABLE 014. LUXURY WATCHES MARKET BY APPLICATION
TABLE 015. MEN MARKET OVERVIEW (2016-2028)
TABLE 016. WOMEN MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA LUXURY WATCHES MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 019. NORTH AMERICA LUXURY WATCHES MARKET, BY APPLICATION (2016-2028)
TABLE 020. N LUXURY WATCHES MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE LUXURY WATCHES MARKET, BY TYPE (2016-2028)
TABLE 022. EUROPE LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 023. EUROPE LUXURY WATCHES MARKET, BY APPLICATION (2016-2028)
TABLE 024. LUXURY WATCHES MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC LUXURY WATCHES MARKET, BY TYPE (2016-2028)
TABLE 026. ASIA PACIFIC LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 027. ASIA PACIFIC LUXURY WATCHES MARKET, BY APPLICATION (2016-2028)
TABLE 028. LUXURY WATCHES MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA LUXURY WATCHES MARKET, BY TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA LUXURY WATCHES MARKET, BY APPLICATION (2016-2028)
TABLE 032. LUXURY WATCHES MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA LUXURY WATCHES MARKET, BY TYPE (2016-2028)
TABLE 034. SOUTH AMERICA LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 035. SOUTH AMERICA LUXURY WATCHES MARKET, BY APPLICATION (2016-2028)
TABLE 036. LUXURY WATCHES MARKET, BY COUNTRY (2016-2028)
TABLE 037. CASIO COMPUTER CO. LTD.: SNAPSHOT
TABLE 038. CASIO COMPUTER CO. LTD.: BUSINESS PERFORMANCE
TABLE 039. CASIO COMPUTER CO. LTD.: PRODUCT PORTFOLIO
TABLE 040. CASIO COMPUTER CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. CITIZEN WATCH CO. LTD.: SNAPSHOT
TABLE 041. CITIZEN WATCH CO. LTD.: BUSINESS PERFORMANCE
TABLE 042. CITIZEN WATCH CO. LTD.: PRODUCT PORTFOLIO
TABLE 043. CITIZEN WATCH CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. COMPAGNIE FINANCIÈRE RICHEMONT SA: SNAPSHOT
TABLE 044. COMPAGNIE FINANCIÈRE RICHEMONT SA: BUSINESS PERFORMANCE
TABLE 045. COMPAGNIE FINANCIÈRE RICHEMONT SA: PRODUCT PORTFOLIO
TABLE 046. COMPAGNIE FINANCIÈRE RICHEMONT SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. FOSSIL GROUP INC.: SNAPSHOT
TABLE 047. FOSSIL GROUP INC.: BUSINESS PERFORMANCE
TABLE 048. FOSSIL GROUP INC.: PRODUCT PORTFOLIO
TABLE 049. FOSSIL GROUP INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. LVMH MOET HENNESSY -LOUIS VUITTON: SNAPSHOT
TABLE 050. LVMH MOET HENNESSY -LOUIS VUITTON: BUSINESS PERFORMANCE
TABLE 051. LVMH MOET HENNESSY -LOUIS VUITTON: PRODUCT PORTFOLIO
TABLE 052. LVMH MOET HENNESSY -LOUIS VUITTON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. MOVADO GROUP INC.: SNAPSHOT
TABLE 053. MOVADO GROUP INC.: BUSINESS PERFORMANCE
TABLE 054. MOVADO GROUP INC.: PRODUCT PORTFOLIO
TABLE 055. MOVADO GROUP INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. PATEK PHILIPPE SA: SNAPSHOT
TABLE 056. PATEK PHILIPPE SA: BUSINESS PERFORMANCE
TABLE 057. PATEK PHILIPPE SA: PRODUCT PORTFOLIO
TABLE 058. PATEK PHILIPPE SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. ROLEX SA: SNAPSHOT
TABLE 059. ROLEX SA: BUSINESS PERFORMANCE
TABLE 060. ROLEX SA: PRODUCT PORTFOLIO
TABLE 061. ROLEX SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. SEIKO HOLDINGS CORP: SNAPSHOT
TABLE 062. SEIKO HOLDINGS CORP: BUSINESS PERFORMANCE
TABLE 063. SEIKO HOLDINGS CORP: PRODUCT PORTFOLIO
TABLE 064. SEIKO HOLDINGS CORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. THE SWATCH GROUP LTD: SNAPSHOT
TABLE 065. THE SWATCH GROUP LTD: BUSINESS PERFORMANCE
TABLE 066. THE SWATCH GROUP LTD: PRODUCT PORTFOLIO
TABLE 067. THE SWATCH GROUP LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. LUXURY WATCHES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. LUXURY WATCHES MARKET OVERVIEW BY TYPE
FIGURE 012. MECHANICAL WATCHES MARKET OVERVIEW (2016-2028)
FIGURE 013. ELECTRONIC WATCHES MARKET OVERVIEW (2016-2028)
FIGURE 014. LUXURY WATCHES MARKET OVERVIEW BY DISTRIBUTION CHANNELS
FIGURE 015. ONLINE STORE MARKET OVERVIEW (2016-2028)
FIGURE 016. SINGLE BRAND STORE MARKET OVERVIEW (2016-2028)
FIGURE 017. MULTI BRAND STORE MARKET OVERVIEW (2016-2028)
FIGURE 018. LUXURY WATCHES MARKET OVERVIEW BY APPLICATION
FIGURE 019. MEN MARKET OVERVIEW (2016-2028)
FIGURE 020. WOMEN MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA LUXURY WATCHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE LUXURY WATCHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC LUXURY WATCHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA LUXURY WATCHES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA LUXURY WATCHES MARKET OVERVIEW BY COUNTRY (2016-2028)