Luxury Watch Market Size

Luxury Watch Market size was valued at USD 43.82 billion in 2023 and is poised to exceed USD 83.66 billion by the end of 2036, registering over 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of luxury watch is evaluated at USD 45.61 billion.

The growth of the market can be attributed to the increasing spending capacity of consumers backed by rising disposable income of high class and upper-middle class individuals, who are the target consumers for this market. Moreover, escalating shift towards following trends and adoption of high-end brands is estimated to boost the market growth. The market is concentrated in highly developed nations, where consumers can afford expensive products for their brand value.