Luxury Watches Market Global Industry Size, Share, Leading Companies, Emerging Trends, Revenue Analysis, Growth, and Regional Forecasts Research

(MENAFN- Comserve) New York, United States, Oct 22, 2020, 11:50 /Comserve / -- China holds the top position (50.33%) in producing luxury watches followed by Switzerland in the global luxury watches market.

Global luxury watches market encompasses digital and analog high-end luxury markets. The global luxury watches market was valued at EUR 192,335 in 2015 and is expected to expand with a decent CAGR in the near future. Geographically, the global luxury market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, MEA & ROW.

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Market size and forecast

At present, China holds the top position (50.33%) in producing luxury watches followed by Switzerland in the global luxury watches market.

North America and Europe are a great market for global luxury watches. When combined together, the regions account for a 40.4% share in the global market luxury market.

Key Players

Audemars Piguet
Burberry
Casio
Chanel
Chopard
Citizen
Dolce & Gabbana
Giorgio Armani
Patek Philippe
Timex
Titan
Seiko

'The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).

Market Segmentation

The global luxury watches market is segmented into below-mentioned categories:

By Product Type

Mechanical
Quartz
By Distribution Channel

Internet Retailing
Departmental Stores
Specialist Retailers
Exclusive Showrooms
By Demography

Male Watches
Female Watches
By Geographically

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Factors like LAM (look at me), increasing fashion trends, expanding the e-commerce market, rising per capita income are expected to drive the global luxury watch market.

However, the high cost, copying/replica being sold at a much lower price, lack of government laws for the luxury watches segment, etc. are some of the factors that would work as a roadblock for the global luxury watches market.

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'The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).

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