Authored By: Sarah
05 Oct 2021

Luxury Watch Market | Discover Top Trends and Drivers
Recovery and Growth Insights for 2021-2025

Accelerating at a CAGR of almost 1.15%, the luxury watch market is expected to grow by post an incremental growth of $ 1.78 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Luxury Watch Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by End-user (men and women), Distribution Channel (offline and online), and Geography (Europe, North America, APAC, MEA, and South America). 32% of the market growth will originate from APAC during the forecast period. However, high competition from smart watches is one of the challenges that will need to be overcome to drive growth.

Luxury Watch Market: Top Drivers to Boost Demand

The Premiumization through product design and innovation is one of the primary factors driving the growth of the luxury watch market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Luxury Watch Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Vendor Analysis: Casio Computer Co. Ltd., Citizen Watch Co. Ltd. and Compagnie Financiere Richemont SA are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, Fossil Group Inc., LVMH Moet Hennessy Louis Vuitton SE, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd. are some of the major market participants.

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Luxury Watch Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive luxury watch market growth during the next five years
  • Precise estimation of the luxury watch market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the luxury watch market industry across Europe, North America, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of luxury watch market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 1.15%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.78 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Premiumization through product design and innovation will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    32% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, Fossil Group Inc., LVMH Moet Hennessy Louis Vuitton SE, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (men and women), Distribution Channel (offline and online), and Geography (Europe, North America, APAC, MEA, and South America)
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