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.
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The latest research on the Luxury Watch Market provides a comprehensive overview of the market. It gives a comprehensive picture of the global Luxury Watch industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Luxury Watch Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
The Major Players in The Luxury Watch Market Include:
· 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.
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Market has segmented the global Luxury Watch Market on the basis of type, application, and region:
By Type
· Mechanical Watch
· Electronic Watch
By Distribution Channel
· Online Store
· Single Brand Store
· Multi Brand Store
By Application
· Men
· Women
By Region
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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