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Luxury Watch Market Trends

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Report ID: 126
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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Luxury Watch Market Trends

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	2023
Forecast Year	2024-2036
CAGR	5.1%
Base Year Market Size (2023)	USD 43.82 billion
Forecast Year Market Size (2036)	USD 83.66 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Luxury Watch Market Size & Share, Growth Trends 2036

Author Credits: Parul Atri

Report ID: 126
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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.

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