Market Overview:
The global luxury wrist watch market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for luxury wrist watches from men and women across the globe. Additionally, rising disposable income and growing awareness about luxury watches are also contributing to the growth of this market. On the basis of type, men's watches accounted for a larger share in 2017 and is expected to maintain its dominance during the forecast period as well. However, lady's watches are projected to grow at a higher CAGR owing to their increasing popularity among women consumers globally. By application, daily use was observed as the largest segment in 2017 and is anticipated to maintain its lead throughout 2030 owing to high demand from consumers for luxurious timepieces that can be used on a day-to-day basis. Collection was observed as second largest application segment in 2017; however it is projected that others will witness highest growth rate over next decade due increase in adoption by celebrities & fashion enthusiasts globally .
Product Definition:
A luxury wristwatch is a high-end timepiece that is typically worn as a status symbol. They can be made from a variety of materials, including gold, silver, and platinum. Luxury watches often have intricate designs and are encrusted with precious gems. They are also often more accurate than less expensive watches.
Men's watch:
Men's watch is a wrist-worn timepiece that is primarily designed for men. It can also be worn by women, however the term “men’s watch” usually refers to a product design specifically meant for males. The market size spans global as well as regional markets depending upon the demand and supply of the product in a particular region.
Lady's watch:
The traditional definition of a Lady's watch is a wristwatch intended for a woman. However, in the luxury wristwatch market, it has become more generic and includes watches intended for both men and women. The main difference between the two is that while women are usually smaller in size, men’s watches have larger faces as compared to women’s variants.
Application Insights:
The daily use segment held the largest share of over 50.0% in 2017. The luxury wrist watches are widely used every day and for all occasions by people from all walks of life. This has led to an increased demand for these timepieces, especially among working professionals who require a watch that can be worn on formal occasions as well as during work hours.
The collection application is expected to witness the fastest growth at a CAGR of XX% from 2018 to 2030 owing to rising interest among consumers towards limited edition luxury wrist watches produced by leading brands in collaboration with artisans and designers, which are sold only through specialty stores or online auction sites. For instance, Cartier's Louis XIII designed by Philippe Dallemagne is made using 18ct rose gold and has a diameter of 40 mm; it is sold exclusively through Louis Vuitton store located at 5th Avenue in New York City for USD 2800 per piece (excluding taxes).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing disposable income, high product demand as a result of changing lifestyles, and rising popularity of luxury brands in emerging economies such as China and India. In addition, growing tourism sector across Asia Pacific has led to an increase in travel expenditure by consumers which will drive product sales further.
North America is anticipated to witness significant growth over the next eight years owing to increasing consumer preference for digital watches that have advanced features such as GMT function or stopwatch along with it being waterproof up till 50 meters under water for more than 30 minutes without any damage done thereto. Moreover, these watches are equipped with chrono functions that measure elapsed time during one hour increments while performing various activities from start until finish including walking slowly or fastly etcetera thereby providing an accurate reading of elapsed time every five minutes throughout the duration of measurement activity i.e., 1 hour etcetera).
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury wrist watch market is majorly attributed to the increase in disposable income of consumers, especially in developing countries. This has led to an increase in demand for high-end watches, which are considered as status symbols.
- Rising popularity of luxury brands: There is a growing trend among consumers to purchase luxury wrist watches from renowned brands. This is due to the assurance of quality and authenticity that these brands offer.
- Innovative designs and features: Manufacturers are constantly introducing new designs and features into their range of luxury wrist watches, in order to appeal to a wider audience. This has resulted in increased consumer interest and demand for such products.
- . Availability through online channels: Luxury wrist watches are now available through online channels, such as e-commerce websites and dedicated retail stores, making them more accessible to a wider audience base worldwide .This has further fuelled the growth of this market segment . 5) Growing awareness about health benefits associated with wearing a watch on left hand’s arm
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Wrist Watch Market Research Report
By Type
Men's watch, Lady's watch
By Application
Daliy Use, Collection, Others
By Companies
Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio, Chopard, Swatch Group, Movado Group, Kering, Breitling, Franck Muller, Folli Follie, Festina, Morellato & Sector, Time Watch, Fiyta, Rossini, Ebohr, Sea-Gull, Rarone, Geya, Poscer, Golgen, Movebest, Polaris, Tianba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Wrist Watch Market Report Segments:
The global Luxury Wrist Watch market is segmented on the basis of:
Types
Men's watch, Lady's watch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Daliy Use, Collection, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Swatch Group
- Rolex
- Richemont
- LVMH
- Fossil
- Citizen
- Seiko
- Patek Philippe
- Casio
- Chopard
- Swatch Group
- Movado Group
- Kering
- Breitling
- Franck Muller
- Folli Follie
- Festina
- Morellato & Sector
- Time Watch
- Fiyta
- Rossini
- Ebohr
- Sea-Gull
- Rarone
- Geya
- Poscer
- Golgen
- Movebest
- Polaris
- Tianba
Highlights of The Luxury Wrist Watch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Men's watch
- Lady's watch
- By Application:
- Daliy Use
- Collection
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Wrist Watch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A luxury wristwatch is a timepiece that is typically associated with high-end fashion and quality. Luxury watches are often made from precious metals, such as gold or platinum, and can cost hundreds of dollars or more. They may also feature intricate designs or unique functions, such as automatic movement or water resistance.
Some of the major players in the luxury wrist watch market are Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio, Chopard, Swatch Group, Movado Group, Kering, Breitling, Franck Muller, Folli Follie, Festina, Morellato & Sector, Time Watch, Fiyta, Rossini, Ebohr, Sea-Gull, Rarone, Geya, Poscer, Golgen, Movebest, Polaris, Tianba.
The luxury wrist watch market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Wrist Watch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Wrist Watch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Wrist Watch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Wrist Watch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Wrist Watch Market Size & Forecast, 2018-2028
4.5.1 Luxury Wrist Watch Market Size and Y-o-Y Growth
4.5.2 Luxury Wrist Watch Market Absolute $ Opportunity
Chapter 5 Global Luxury Wrist Watch Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Luxury Wrist Watch Market Size Forecast by Type
5.2.1 Men's watch
5.2.2 Lady's watch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Wrist Watch Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Luxury Wrist Watch Market Size Forecast by Applications
6.2.1 Daliy Use
6.2.2 Collection
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Wrist Watch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Wrist Watch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Luxury Wrist Watch Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Wrist Watch Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Luxury Wrist Watch Market Size Forecast by Type
9.6.1 Men's watch
9.6.2 Lady's watch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Luxury Wrist Watch Market Size Forecast by Applications
9.10.1 Daliy Use
9.10.2 Collection
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Luxury Wrist Watch Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Wrist Watch Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Luxury Wrist Watch Market Size Forecast by Type
10.6.1 Men's watch
10.6.2 Lady's watch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Luxury Wrist Watch Market Size Forecast by Applications
10.10.1 Daliy Use
10.10.2 Collection
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Luxury Wrist Watch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Wrist Watch Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Luxury Wrist Watch Market Size Forecast by Type
11.6.1 Men's watch
11.6.2 Lady's watch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Luxury Wrist Watch Market Size Forecast by Applications
11.10.1 Daliy Use
11.10.2 Collection
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Luxury Wrist Watch Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Wrist Watch Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Luxury Wrist Watch Market Size Forecast by Type
12.6.1 Men's watch
12.6.2 Lady's watch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Luxury Wrist Watch Market Size Forecast by Applications
12.10.1 Daliy Use
12.10.2 Collection
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Luxury Wrist Watch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Wrist Watch Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Luxury Wrist Watch Market Size Forecast by Type
13.6.1 Men's watch
13.6.2 Lady's watch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Luxury Wrist Watch Market Size Forecast by Applications
13.10.1 Daliy Use
13.10.2 Collection
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Wrist Watch Market: Competitive Dashboard
14.2 Global Luxury Wrist Watch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Swatch Group
14.3.2 Rolex
14.3.3 Richemont
14.3.4 LVMH
14.3.5 Fossil
14.3.6 Citizen
14.3.7 Seiko
14.3.8 Patek Philippe
14.3.9 Casio
14.3.10 Chopard
14.3.11 Swatch Group
14.3.12 Movado Group
14.3.13 Kering
14.3.14 Breitling
14.3.15 Franck Muller
14.3.16 Folli Follie
14.3.17 Festina
14.3.18 Morellato & Sector
14.3.19 Time Watch
14.3.20 Fiyta
14.3.21 Rossini
14.3.22 Ebohr
14.3.23 Sea-Gull
14.3.24 Rarone
14.3.25 Geya
14.3.26 Poscer
14.3.27 Golgen
14.3.28 Movebest
14.3.29 Polaris
14.3.30 Tianba
