The Global Luxury Watch Market size was valued at around USD 53.69 billion in 2024 and is projected to reach around USD 72.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.23% during the forecast period, i.e., 2025-30.
Global Luxury Watch Market Driver:
Rising Demand for Personalized Luxury Watches Across the Globe – Increasing demand for personalized luxury watches has emerged as a prominent market driver in recent years. Also, recently, watches have been customized by consumers to commemorate special occasions, making them a popular choice as gifts for occasions such as birthdays, weddings, and anniversaries. The emotional significance of these presents combined with the inherent worth of such luxury watches propels their adoption among the consumer, and hence, has been propelling the volume & growth of the market.
Observing this trend for gifting personalized & customized luxury watches among consumers, market players have also started offering such features to leverage this marketplace. Along with this, the top market players are offering consumers the feasibility to customize their dial designs, and straps, among other features. Also, companies are utilizing cutting-edge materials like titanium and scratch-resistant sapphire crystal glass to add exclusivity to personalized luxury watches. Hence, the adoption of personalized luxury watches among consumers has been driving the market growth & expansion. Also, consumers are further preferring to purchase handcrafted personalized luxury watches, as they offer personalized touches by skilled artisans. Thus, the demand for handcrafted personalized luxury watches is another market driver, which would generate additional revenue growth in the coming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Luxury Watch Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Product Type
- Quartz/Mechanical- Market Size & Forecast 2020-2030, Thousand Units
- Digital- Market Size & Forecast 2020-2030, Thousand Units
- By Band Type
- Strap-based- Market Size & Forecast 2020-2030, Thousand Units
- Chain-based- Market Size & Forecast 2020-2030, Thousand Units
- By End-Users
- Women – Market Size & Forecast 2020-2030, Thousand Units
- Men – Market Size & Forecast 2020-2030, Thousand Units
- Unisex – Market Size & Forecast 2020-2030, Thousand Units
- By Distribution Channel
- Online Store- Market Size & Forecast 2020-2030, Thousand Units
- Offline Store- Market Size & Forecast 2020-2030, Thousand Units
- Exclusive Outlets- Market Size & Forecast 2020-2030, Thousand Units
- Multi-brand Store- Market Size & Forecast 2020-2030, Thousand Units
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Apple Inc., Omega, Rolex SA, The Swatch Group, Compagnie Financiere Richemont SA, Patek Philippe, Audemars Piguet, Tag Heuer, Jaeger-LeCoultre, Movado Group, Inc., Ralph Lauren Corp., Louis Vuitton Moet Hennessy (LVMH), Cartier, Chopard, Richard Mille, Garmin Ltd., and others
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