Luxury Watch Sector: Growth Drivers and Challenges
Growth Drivers
-
Rising Personal Disposable Income in Developed Countries
-
Growing Trend of Adoption of High-End Brands among Young Consumers
Challenges
-
Increasing Circulation of Replica of such Watches on a Much Lower Price
-
Extremely High Cost of Luxury Watches
Luxury Watch Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.1% |
|
Base Year Market Size (2024) |
USD 46.05 billion |
|
Forecast Year Market Size (2037) |
USD 87.92 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of luxury watch is estimated at USD 48.05 billion.
Luxury Watch Market size was valued at USD 46.05 billion in 2024 and is set to exceed USD 87.92 billion by 2037, expanding at over 5.1% CAGR during the forecast period i.e., between 2025-2037.
North America industry is poised to dominate majority revenue share by 2037, owing to presence of major companies in the region, coupled with high per capita income and expanding status of upper middle class.
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.
