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Luxury Watches Market by Type (Mechanical, Electronic) by Gender (Male, Female) by Distribution Channel (Supermarkets & Hypermarkets, Exclusive Brand Stores, Multi brand Stores, Online): Global Industry Size, Share, Statistics and Forecast 2015 – 2027

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Luxury Watches Market Analysis

The nature of the luxury watches industry is such that it relies on consumer demand for luxury and a deliberate shortage of products to keep up the idea of luxury timepieces being a rarity. Because of how rare certain luxury watches are in the market, their value as status symbols rises, and, as such, their monetary value also rises. As with most luxury goods, the brand is what makes or breaks the way the product will be received. If luxury brands started mass producing, this would drive down the prices of the watches and reduce their luxury value. This would mean a decrease in the demand for luxury watches and a stagnation of the market’s growth.

Luxury Watches Market

Many elite customers in the age groups above 50 are interested in luxury watches as investments and collectible items. The watches are wanted for their status symbol power. However, the shopping habits of younger customers have shown an increasing demand for second-hand watches. Customers in the age range of 18-39 are leading a change in consumer ethos that celebrates value but also the history of the watch. Younger customers are challenging the decades-old luxury watches market trends.

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The global Luxury Watches market is anticipated to generate a cumulative growth opportunity worth USD 61.39 billion between 2021 and 2027. The annual revenue generated by the worldwide Luxury Watches industry in 2020 was valued at around USD 6.03 billion in 2020 main COVID 19 pandemic situation, which was 16.68% less than the previous year. However, with the revival of the economy, the Luxury Watches industry is expected to set back in momentum to reach over USD 10.06 billion in annual revenue by the end of the forecast period.

Interesting Facts about Luxury Watches Industry

  • Graff Diamonds Hallucination is one of the world’s most expensive Luxury Watches, which costs over a whopping USD 50 million.
  • Costly stainless steel is used in manufacturing Luxury Watches.
  • Rolex offers completely manually manufactured watches.
  • Switzerland-based companies are well known for their Luxury Watches.
  • U.S. and U.K. are leading markets for Luxury Watches

The luxury watch market has seen a lot of growth in the past few years and is expected to continue in this upward trend. In general, the demand for luxury watches has increased exponentially following the Covid-19 pandemic, and there has been a huge rise in the online buying of high-end watches. As a long-running rule, the four leading brands in the luxury watches market – Rolex, Patek Philippe, Audemars Piguet, and Richard Mille – are insistent on keeping production levels stable and not increasing the production of their high-end watches to maintain the rarity of their products. As luxury watches have this added aspect of being rare and exclusive, the demand for the eyes rises.

Increasing Standards of Living

A general upward trend in global incomes and living standards is a critical driving force in the luxury watches market. As the elite classes of society grow and disposable incomes go up, the demand for luxury items also increases. Another factor to consider is the link between the luxury watches market and the luxury fashion market. Luxury fashion is growing considerably, and no outfit is complete without a luxury watch to match. Therefore, the watches market will grow in relation to the fashion market for many years to come.

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Key Brands and Companies to Look Out For

Globally, the highest market share in the luxury watches market is found in China and the Asia-Pacific region, followed closely by Europe and North America. The market is highly competitive, with some key brands dominating the scene. Mechanicals like Rolex, The Swatch Group, Compagnie Financiere Richemont, Patek Philippe, Audemars Piguet, and Richard Mille have amassed their reputations as the leading brands and make it difficult for entry of newer brands into the market. Some of the important players operating in the Luxury Watches market include but are not limited to Graff Diamonds, LVMH, Richemont, Minardi, Swatch Group, Rolex, Burberry, Breitling, Festina, Patek Philippe, Chopard International, CROSEAGIFTS LIMITED, Fossil Group, Seiko Watch, Nettletons Jewellers, MAURICE COMM.V, SEKONDA, and MGI LUXURY GROUP S.A.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Luxury Watches Market

3.Market Dynamics & Factors Analysis

3.1.Introduction
3.1.1. Global Luxury Watches Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Distribution Channel
3.3.3.End-user
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Luxury Watches Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Luxury Watches Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Male
6.2.3.Female
6.3.North America Luxury Watches Market, by Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Mechanical
6.3.3.Electronic
6.4.North America Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Supermarkets & Hypermarkets
6.4.3.Exclusive Brand Stores
6.4.4.Multi Brand Stores
6.4.5.Online
6.4.6.Others

7.Europe

7.1.Europe Luxury Watches Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Male
7.2.3.Female
7.3. Europe Luxury Watches Market, by Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Mechanical
7.3.3.Electronic
7.4.Europe Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Supermarkets & Hypermarkets
7.4.3.Exclusive Brand Stores
7.4.4.Multi Brand Stores
7.4.5.Online
7.4.6.Others

8.Asia Pacific

8.1.Asia Pacific Luxury Watches Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Male
8.2.3.Female
8.3.Asia Pacific Luxury Watches Market, by Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Mechanical
8.3.3.Electronic
8.4.Asia Pacific Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Supermarkets & Hypermarkets
8.4.3.Exclusive Brand Stores
8.4.4.Multi Brand Stores
8.4.5.Online
8.4.6.Others

9.Latin America

9.1.Latin America Luxury Watches Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Male
9.2.3.Female
9.3.Latin America Luxury Watches Market, by Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Mechanical
9.3.3.Electronic
9.4.Latin America Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Supermarkets & Hypermarkets
9.4.3.Exclusive Brand Stores
9.4.4.Multi Brand Stores
9.4.5.Online
9.4.6.Others

10.Middle East

10.1.Middle East Luxury Watches Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Male
10.2.3.Female
10.3.Middle East Luxury Watches Market, by Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Mechanical
10.3.3.Electronic
10.4.Middle East Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Supermarkets & Hypermarkets
10.4.3.Exclusive Brand Stores
10.4.4.Multi Brand Stores
10.4.5.Online
10.4.6.Others

11.Africa

11.1.Africa Luxury Watches Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Male
11.2.3.Female
11.3.Africa Luxury Watches Market, by Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Mechanical
11.3.3.Electronic
11.4.Africa Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Supermarkets & Hypermarkets
11.4.3.Exclusive Brand Stores
11.4.4.Multi Brand Stores
11.4.5.Online
11.4.6.Others

12.Global

12.1.Global Luxury Watches Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Mechanical
12.1.3.Electronic
12.1.4.
12.2.Global Luxury Watches Market, by End-user, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Male
12.2.3.Female
12.3.Global Luxury Watches Market, by Distribution Channel, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Supermarkets & Hypermarkets
12.3.3.Exclusive Brand Stores
12.3.4.Multi Brand Stores
12.3.5.Online
12.3.6.Others

13.Company Profiles

13.1.Graff Diamonds
13.2.LVMH
13.3.Richemont
13.4.Minardi
13.5.Swatch Group
13.6.Rolex
13.7.Burberry
13.8.Breitling
13.9.Festina
13.10.Patek Philippe
13.11.Chopard International
13.12.CROSEAGIFTS LIMITED
13.13.Fossil Group
13.14.Seiko Watch
13.15.Nettletons Jewellers
13.16.MERICE COMM.V
13.17.SEKONDA
13.18.MGI LUXURY GROUP S.A
13.19.Others

 

List of Figures

FIG. 1 Global Luxury Watches Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Luxury Watches Market Segmentation

FIG. 4 Global Luxury Watches Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Luxury Watches Market, by Distribution Channel, 2019 (US$ Bn)

FIG. 6 Global Luxury Watches Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Luxury Watches Market Manufacturers, 2019

FIG. 9 Global Luxury Watches Market Value Contribution, By Type, 2020 & 2027 (Value %)

FIG. 10 Global Luxury Watches Market, by Mechanical, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Luxury Watches Market, by Electronic, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Luxury Watches Market Value Contribution, By Distribution Channel, 2020 & 2027 (Value %)

FIG. 13 Global Luxury Watches Market, by Supermarkets & Hypermarkets, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Luxury Watches Market, by Exclusive Brand Stores, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Luxury Watches Market, by Multi Brand Stores, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Luxury Watches Market, by Online, Value, 2015-2027 (US$ Bn)

FIG. 17 Global Luxury Watches Market Value Contribution, By End-user, 2020 & 2027 (Value %)

FIG. 18 Global Luxury Watches Market, by Male, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Luxury Watches Market, by Female, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 24 France Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 25 Italy Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 26 Spain Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 27 Russia Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 28 BENELUX Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 29 Poland Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 30 Austria Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 31 Rest of Europe Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 32 Japan Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 33 China Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 34 India Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 35 South Korea Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 36 Australia Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 37 Southeast Asia Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 38 Rest of Asia Pacific Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 39 Middle East & Africa Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 40 South Africa Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 41 Nigeria Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 42 Egypt Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 43 GCC Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 44 Israel Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 45 Latin America Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 46 Mechanicalzil Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 47 Argentina Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 48 Colombia Luxury Watches Market, 2015-2027 (US$ Bn)

FIG. 49 Peru Luxury Watches Market, 2015-2027 (US$ Bn)

Chile Luxury Watches Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices   (Luxury Watches) Market

TABLE 2 Global Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 4 Global Luxury Watches Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 6 North America Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 7 North America Luxury Watches Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 10 Europe Luxury Watches Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Luxury Watches Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 16 Latin America Luxury Watches Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 19 Middle East Luxury Watches Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Luxury Watches Market, by Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Luxury Watches Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 22 Africa Luxury Watches Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Graff Diamonds: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 24 LVMH: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 25 Richemont: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 26 Minardi: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 27 Swatch Group: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 28 Rolex: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 Burberry: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 Breitling: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 Festina: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Patek Philippe: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 33 Chopard International: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 34 CROSEAGIFTS LIMITED: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 35 Fossil Group: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 36 Seiko Watch: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 37 Nettletons Jewellers: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 38 MERICE COMM.V: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 39 SEKONDA: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 40 MGI LUXURY GROUP S.A: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

How COVID 19 Impacted Luxury Watches Market?

Likewise other industries, COVID 19 also taken a toll on Luxury Watches market with around 16.68% decline in 2020 in its revenue as compare to 2019

Which is the leading regional market for Luxury Watches?

Europe is the largest regional market with highest share in the total volume of Luxury Watches consumed in 2020

What is the major growth hindering factors for global Luxury Watches market?

Ever increasing standards of living and exponential growth in disposable income of upper middle class and high net worth people

Which is major segment in Luxury Watches market by type?

Mechanical Luxury Watches segment dominated the Luxury Watches market in 2020

Which is major segment in Luxury Watches market by distribution channel?

Mechanicald Stores was the largest distribution channel of Luxury Watches in 2020

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