Luxury Watch Market Analysis

The luxury watch market is segmented by distribution channel into online retail, departmental stores, and exclusive showrooms, out of which, the exclusive showrooms segment is anticipated to hold the largest share in the market during the forecast period as exclusive showrooms provide a satisfactory shopping experience to the consumers in the form of trials, personal assistance and overall sensory experience. Additionally, there are no shipping charges or any additional fee, which attracts the shoppers to opt exclusive showrooms over other channels, which is expected to boost the growth of the segment. On the basis of design, the market is segmented into male, female, and unisex watches, out of which, the unisex segment is anticipated to hold a major share in the market over the forecast period owing to its larger scope of application.

Our in-depth analysis of the global luxury watch market includes the following segments

By Type

Analogue
Digital

By Distribution Channel

Online Retail
Departmental Stores
Exclusive Showrooms

By Design

Male
Female
Unisex

Frequently Asked Questions (FAQ)

High brand value of luxury watches, along with the increasing per-capita income in developed economies is estimated to boost the market growth.

The market is anticipated to attain a modest CAGR over the forecast period, i.e., 2021-2029.

High price of luxury watches, along with increasing circulation of cheap replicas in the market are estimated to hamper the market growth.

The North America region is estimated to provide most growth opportunities over the forecast period on the back of high disposable income of the consumers.

The major players in the market are Burberry Group plc, CASIO COMPUTER CO., LTD., CHANEL, Dolce&Gabbana S.r.l., Seiko Watch Corporation, Giorgio Armani S.p.A., PATEK PHILIPPE SA GENEVE, and Titan Company Limited.

Luxury Watch Market Analysis