Market Overview:
The global luxury quartz watches 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 quartz watches from women and men across the globe. Additionally, factors such as technological advancements and rising disposable income are also contributing to the growth of this market. On the basis of type, digital type quartz watches are expected to dominate the global luxury quartz watch market during the forecast period. This can be attributed to their growing popularity among consumers owing to their features such as multifunctionality and durability.
Product Definition:
A luxury quartz watch is a high-end timepiece that is powered by a battery and typically uses quartz crystals to keep time. Luxury quartz watches often have features such as gold or platinum cases, leather straps, and sapphire or diamond-encrusted faces. They are considered to be more prestigious than other types of watches, and are often worn as status symbols.
Digital Type:
The digital type is a technology that allows the printing of text or images on a quartz watch face. The most common use of this technology is to display the time in different languages, which makes it easier for international customers to understand the time. In addition, some manufacturers also offer customizable faces with large graphics and complex designs printed on them.
The global luxury quartz watches market has witnessed significant growth over the past few years owing to rising consumer disposable income and changing lifestyle along with it.
Pointer Type:
Pointer type is a method to indicate the date and time of a luxury quartz watch. It's done by using two hands, one hand points towards the hour and other hand points towards the minute. The longer piece of hair in between these two hands represents day, while shorter strand represents night. By observing this manner, it becomes easier to calculate exact time even if there is no electricity around you.
Application Insights:
The women application segment held the largest market share of more than 50% in 2017. The rising number of working women and wives who require luxury quartz watches to be fashionable is driving the product demand in this segment. Moreover, increasing awareness about health issues among working class women regarding exposure to radiation has increased the adoption rate of luxury quartz watches with features such as long battery life and optical heart rate monitor for sports use.
Men are also increasingly adopting smartwatches owing to various benefits such as remote control, timer and alarm functions offered by them along with advanced technology used in their manufacturing which includes touch screen display, motion sensors, high-resolution cameras and Bluetooth connectivity. These technological advancements have improved men¢â‚¬â„¢s lifestyle without having to wear a traditional watch ever again. Luxury quartz watches for men are available at affordable prices while offering advanced functionalities which is expected to propel their demand over the forecast period.
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, rising popularity of luxury brands, and growing demand for smart devices. Increasing number of manufacturers in China has led to a significant increase in availability of these watches at competitive prices. Moreover, favorable government policies encouraging investments are anticipated to boost product penetration across this region over the next eight years.
Europe accounted for more than 25% share of global revenue in 2017 owing to high purchasing power parity among consumers from Germany, U.K., France, Italy and other countries along with strong presence of luxury brands such as Rolex Oyster Perpetual Datejust Swiss Watch Company; Omega SA; IWC Schaffhausen AG; Patek Philippe GmbH & Co.; Audemars Piguet Inc.
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury quartz watches market is mainly attributed to the increasing disposable income of consumers, especially in developing countries. This has led to an increase in demand for luxury quartz watches, as they are considered a status symbol.
- Changing consumer preferences: There has been a shift in consumer preferences towards luxurious and high-end products such as luxury quartz watches. This is due to the growing awareness about these products and their benefits among consumers.
- Rising popularity of online shopping: The popularity of online shopping has led to an increase in demand for luxury quartz watches, as buyers can easily compare prices and features offered by different brands online before making a purchase decision.
- Growing number of fashion conscious people: A growing number of fashion conscious people is another key factor driving the growth of the global luxury quartz watch market . These individuals are always on the lookout for new trends and styles, which has resulted in an increased demand for luxurious timepieces such as premium quality quartz watches . 5) Technological advancements: Rapid advancements in technology have enabled manufacturers to introduce innovative features and designs into their products, thereby attracting more consumers towards purchasing luxury quartz watches
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Quartz Watches Market Research Report
By Type
Digital Type, Pointer Type, Automatic Quartz Watch, Optical Kinetic Energy Watch
By Application
Women, Men
By Companies
Watches of Switzerland (Jewel Holdco SA RL), Graff, Cartier, Harry Winston Company, Van Cleef & Arpels, Chopard, Piaget, Bvlgari, Buccellati, Paul Picot, A. Lange and Sohne, Audemars Piguet, Frank Muller, Breguet, Girard-Perregaux, Blancpain, H. Moser & Cie, Glashutte, Breitling, Jaeger-LeCoultre, Vacheron Constantin, Ulysse Nardin, Rolex, Roger Dubuis, Patek Philippe, Parmigiani, Damiani
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Quartz Watches Market Report Segments:
The global Luxury Quartz Watches market is segmented on the basis of:
Types
Digital Type, Pointer Type, Automatic Quartz Watch, Optical Kinetic Energy 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
Women, Men
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:
- Watches of Switzerland (Jewel Holdco SA RL)
- Graff
- Cartier
- Harry Winston Company
- Van Cleef & Arpels
- Chopard
- Piaget
- Bvlgari
- Buccellati
- Paul Picot
- A. Lange and Sohne
- Audemars Piguet
- Frank Muller
- Breguet
- Girard-Perregaux
- Blancpain
- H. Moser & Cie
- Glashutte
- Breitling
- Jaeger-LeCoultre
- Vacheron Constantin
- Ulysse Nardin
- Rolex
- Roger Dubuis
- Patek Philippe
- Parmigiani
- Damiani
Highlights of The Luxury Quartz Watches 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:
- Digital Type
- Pointer Type
- Automatic Quartz Watch
- Optical Kinetic Energy Watch
- By Application:
- Women
- Men
- 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 Quartz Watches 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.
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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?
Luxury quartz watches are typically more expensive than other types of watches. They often have features that make them stand out, such as high quality materials and intricate designs.
Some of the major companies in the luxury quartz watches market are Watches of Switzerland (Jewel Holdco SA RL), Graff, Cartier, Harry Winston Company, Van Cleef & Arpels, Chopard, Piaget, Bvlgari, Buccellati, Paul Picot, A. Lange and Sohne, Audemars Piguet, Frank Muller, Breguet, Girard-Perregaux, Blancpain, H. Moser & Cie, Glashutte, Breitling, Jaeger-LeCoultre, Vacheron Constantin, Ulysse Nardin, Rolex, Roger Dubuis, Patek Philippe, Parmigiani, Damiani.
The luxury quartz watches market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Quartz Watches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Quartz Watches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Quartz Watches Market - Supply Chain
4.5. Global Luxury Quartz Watches Market Forecast
4.5.1. Luxury Quartz Watches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Quartz Watches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Quartz Watches Market Absolute $ Opportunity
5. Global Luxury Quartz Watches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Quartz Watches Market Size and Volume Forecast by Type
5.3.1. Digital Type
5.3.2. Pointer Type
5.3.3. Automatic Quartz Watch
5.3.4. Optical Kinetic Energy Watch
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Quartz Watches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Quartz Watches Market Size and Volume Forecast by Application
6.3.1. Women
6.3.2. Men
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Quartz Watches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Quartz Watches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Quartz Watches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Quartz Watches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Quartz Watches Demand Share Forecast, 2019-2026
9. North America Luxury Quartz Watches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Quartz Watches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Quartz Watches Market Size and Volume Forecast by Application
9.4.1. Women
9.4.2. Men
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Quartz Watches Market Size and Volume Forecast by Type
9.7.1. Digital Type
9.7.2. Pointer Type
9.7.3. Automatic Quartz Watch
9.7.4. Optical Kinetic Energy Watch
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Quartz Watches Demand Share Forecast, 2019-2026
10. Latin America Luxury Quartz Watches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Quartz Watches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Quartz Watches Market Size and Volume Forecast by Application
10.4.1. Women
10.4.2. Men
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Quartz Watches Market Size and Volume Forecast by Type
10.7.1. Digital Type
10.7.2. Pointer Type
10.7.3. Automatic Quartz Watch
10.7.4. Optical Kinetic Energy Watch
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Quartz Watches Demand Share Forecast, 2019-2026
11. Europe Luxury Quartz Watches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Quartz Watches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Quartz Watches Market Size and Volume Forecast by Application
11.4.1. Women
11.4.2. Men
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Quartz Watches Market Size and Volume Forecast by Type
11.7.1. Digital Type
11.7.2. Pointer Type
11.7.3. Automatic Quartz Watch
11.7.4. Optical Kinetic Energy Watch
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectios by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Quartz Watches Demand Share, 2019-2026
12. Asia Pacific Luxury Quartz Watches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Quartz Watches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Quartz Watches Market Size and Volume Forecast by Application
12.4.1. Women
12.4.2. Men
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Quartz Watches Market Size and Volume Forecast by Type
12.7.1. Digital Type
12.7.2. Pointer Type
12.7.3. Automatic Quartz Watch
12.7.4. Optical Kinetic Energy Watch
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Quartz Watches Demand Share, 2019-2026
13. Middle East & Africa Luxury Quartz Watches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Quartz Watches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Quartz Watches Market Size and Volume Forecast by Application
13.4.1. Women
13.4.2. Men
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Quartz Watches Market Size and Volume Forecast by Type
13.7.1. Digital Type
13.7.2. Pointer Type
13.7.3. Automatic Quartz Watch
13.7.4. Optical Kinetic Energy Watch
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Quartz Watches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Quartz Watches Market: Market Share Analysis
14.2. Luxury Quartz Watches Distributors and Customers
14.3. Luxury Quartz Watches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Watches of Switzerland (Jewel Holdco SA RL)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Graff
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cartier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Harry Winston Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Van Cleef & Arpels
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chopard
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Piaget
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bvlgari
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Buccellati
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Paul Picot
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. A. Lange and Sohne
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Audemars Piguet
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Frank Muller
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Breguet
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Girard-Perregaux
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Blancpain
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. H. Moser & Cie
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Glashutte
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Breitling
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jaeger-LeCoultre
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
