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An extensive study offering forecast assessment on Luxury Watches market has recently been released by Kenneth research, which is a platform containing market research reports on FMCG, food and beverages. Kenneth Research aims to provide quality reports to its customers and help company investors planning for expansion of their business to take key decisions and form strategies by providing insights with the latest market trends and scope that helps them gain an extra edge over competitiveness in the marketplace.
The 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.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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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
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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
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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.
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us
Kenneth Research
Email :
Phone: +1 313 462 0609
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Mason Mount
Mason Mount is is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses.
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