Market Overview:
The global tourbillon watch market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The traditional Breguet tourbillon segment is expected to dominate the market in terms of value, during the forecast period. However, the flying tourbillon segment is projected to register highest CAGR over the forecast period. In terms of application, department stores are estimated to account for majority share in terms of value in 2018 and it is also projected that this trend would continue throughout the forecast period.
Product Definition:
A tourbillon watch is a type of luxury wristwatch that contains a mechanism designed to counteract the effects of gravity on the timekeeping accuracy of the watch. The importance of tourbillon watches is that they are considered to be some of the most accurate watches available, and their price reflects this.
Traditional Breguet Tourbillon:
Traditional Breguet Tourbillon is a complication that was first introduced by Abraham-Louis Breguet in 1791. It was further developed by his son, Charles-Antoine, and grandson, Louis-Antoine. The tourbillon is a rotating weight or counterweight attached to the wrist of the watch which helps to keep it steady while spinning.
Flying Tourbillon:
The flying tourbillon is a complication that was first introduced in 18th century. It is an accessory that can be added to the traditional mechanical or quartz watches, which consists of a spinning inner rotor connected by a chain to the main shaft of the watch. The whole system rotates around the main shaft and provides functionality of both seconds hand and date display at same time.
Application Insights:
The department store application segment led the global tourbillon watch market in 2017. The growth of this segment can be attributed to increasing consumer disposable income and rising purchasing power of middle-class population in developing countries including China, India, Brazil and so on. Department stores are widely adopting digital technologies which enables them to provide a personalized experience to their customers by incorporating advanced analytics into their operations. This has resulted in increased demand for high technology products including smartwatches that offer enhanced features such as GPS navigation, music control and mobile communication among others.
The luxury store application is expected register the fastest CAGR over the forecast period owing to growing preference for luxury brands among consumers from developed countries like U.S., U.K.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. This growth can be attributed to rising disposable income, coupled with an increasing number of high-end retailers in the region. Furthermore, countries such as China and Japan are home to some of the world’s largest departmental stores including Shanghai Pudong International Department Store Group Co., Ltd.; Mitsukoshi Holdings Co., Ltd.; Isetan Inc; Sogo Shops Japan; and Seibu Department Store Limited. These players are investing huge amounts in developing their brands by introducing innovative products across all categories including watches. For instance, in September 2017, HEGO Tokyo introduced its new concept store called Hego House which includes a watch gallery showcasing rare Breguet timepieces along with other luxury brands such as Audemars Piguet (ASP) and Rolex (Rolex).
Growth Factors:
- Increasing demand for luxury watches: Tourbillon watches are considered to be high-end and luxurious products. As the global economy continues to strengthen, the demand for luxury goods is expected to increase, which will benefit the tourbillon watch market.
- Rising disposable income in emerging markets: A large number of consumers in emerging markets are now able to afford luxury goods, including tourbillon watches. This provides a significant growth opportunity for the market as these regions continue to develop economically.
- Innovation and technological advancements: Manufacturers are constantly introducing new and innovative tourbillon watches that appeal to consumers’ desires for unique products. In addition, technological advancements have made it possible to create even more intricate and complex timepieces, which is driving demand for tourbillons among discerning buyers.
- Growing popularity of vintage watches: There is a growing trend among collectors and enthusiasts towards buying vintage or antique timepieces, including those with tourbillons movements inside them . This presents an opportunity for manufacturers as they can tap into this segment of the market by offering rare models that are no longer being produced . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Tourbillon Watch Market Research Report
By Type
Traditional Breguet Tourbillon, Flying Tourbillon, Astronomia Tourbillon, Double-Axis Tourbillon, Triple-Axis Tourbillon, Other
By Application
Department Store, Luxury Store, Online Store, Other
By Companies
Cartier, Breguet, Patek Philippe SA, Glashütte Original, Piaget, TAG Heuer, Jaeger-LeCoultre, IWC, Jacob＆Co., Girard-Perregaux, Blancpain, Corum Admiral, Greubel Forsey, Graff, Hysek, Roger Dubuis, Memorigin, Seagull
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Tourbillon Watch Market Report Segments:
The global Tourbillon Watch market is segmented on the basis of:
Types
Traditional Breguet Tourbillon, Flying Tourbillon, Astronomia Tourbillon, Double-Axis Tourbillon, Triple-Axis Tourbillon, Other
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
Department Store, Luxury Store, Online Store, Other
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:
- Cartier
- Breguet
- Patek Philippe SA
- Glashütte Original
- Piaget
- TAG Heuer
- Jaeger-LeCoultre
- IWC
- Jacob＆Co.
- Girard-Perregaux
- Blancpain
- Corum Admiral
- Greubel Forsey
- Graff
- Hysek
- Roger Dubuis
- Memorigin
- Seagull
Highlights of The Tourbillon 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:
- Traditional Breguet Tourbillon
- Flying Tourbillon
- Astronomia Tourbillon
- Double-Axis Tourbillon
- Triple-Axis Tourbillon
- Other
- By Application:
- Department Store
- Luxury Store
- Online Store
- Other
- 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 Tourbillon 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
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- Consumer Insights
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- Product & Brand Management
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- 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 tourbillon watch is a timepiece that features a rotating movement that is housed in a cage or barrel. The cage helps to keep the movement stable and allows it to rotate more quickly than if it were not contained.
Some of the major players in the tourbillon watch market are Cartier, Breguet, Patek Philippe SA, Glash¼tte Original, Piaget, TAG Heuer, Jaeger-LeCoultre, IWC, Jacob＆Co., Girard-Perregaux, Blancpain, Corum Admiral, Greubel Forsey, Graff, Hysek, Roger Dubuis, Memorigin, Seagull.
The tourbillon watch market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tourbillon 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 Tourbillon Watch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tourbillon 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 Tourbillon 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 Tourbillon Watch Market Size & Forecast, 2020-2028
4.5.1 Tourbillon Watch Market Size and Y-o-Y Growth
4.5.2 Tourbillon Watch Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Traditional Breguet Tourbillon
5.2.2 Flying Tourbillon
5.2.3 Astronomia Tourbillon
5.2.4 Double-Axis Tourbillon
5.2.5 Triple-Axis Tourbillon
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Department Store
6.2.2 Luxury Store
6.2.3 Online Store
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tourbillon 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 Tourbillon 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Traditional Breguet Tourbillon
9.6.2 Flying Tourbillon
9.6.3 Astronomia Tourbillon
9.6.4 Double-Axis Tourbillon
9.6.5 Triple-Axis Tourbillon
9.6.6 Other
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 Market Size Forecast by Applications
9.10.1 Department Store
9.10.2 Luxury Store
9.10.3 Online Store
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Traditional Breguet Tourbillon
10.6.2 Flying Tourbillon
10.6.3 Astronomia Tourbillon
10.6.4 Double-Axis Tourbillon
10.6.5 Triple-Axis Tourbillon
10.6.6 Other
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 Market Size Forecast by Applications
10.10.1 Department Store
10.10.2 Luxury Store
10.10.3 Online Store
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Traditional Breguet Tourbillon
11.6.2 Flying Tourbillon
11.6.3 Astronomia Tourbillon
11.6.4 Double-Axis Tourbillon
11.6.5 Triple-Axis Tourbillon
11.6.6 Other
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 Market Size Forecast by Applications
11.10.1 Department Store
11.10.2 Luxury Store
11.10.3 Online Store
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Traditional Breguet Tourbillon
12.6.2 Flying Tourbillon
12.6.3 Astronomia Tourbillon
12.6.4 Double-Axis Tourbillon
12.6.5 Triple-Axis Tourbillon
12.6.6 Other
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 Market Size Forecast by Applications
12.10.1 Department Store
12.10.2 Luxury Store
12.10.3 Online Store
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Traditional Breguet Tourbillon
13.6.2 Flying Tourbillon
13.6.3 Astronomia Tourbillon
13.6.4 Double-Axis Tourbillon
13.6.5 Triple-Axis Tourbillon
13.6.6 Other
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) Market Size Forecast by Applications
13.10.1 Department Store
13.10.2 Luxury Store
13.10.3 Online Store
13.10.4 Other
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 Tourbillon Watch Market: Competitive Dashboard
14.2 Global Tourbillon Watch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cartier
14.3.2 Breguet
14.3.3 Patek Philippe SA
14.3.4 Glashütte Original
14.3.5 Piaget
14.3.6 TAG Heuer
14.3.7 Jaeger-LeCoultre
14.3.8 IWC
14.3.9 Jacob＆Co.
14.3.10 Girard-Perregaux
14.3.11 Blancpain
14.3.12 Corum Admiral
14.3.13 Greubel Forsey
14.3.14 Graff
14.3.15 Hysek
14.3.16 Roger Dubuis
14.3.17 Memorigin
14.3.18 Seagull
