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市場調查報告書
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1390833

豪華手錶市場:2023-2028 年全球產業趨勢、佔有率、規模、成長、機會與預測

Luxury Watch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

出版日期: | 出版商: IMARC | 英文 140 Pages | 商品交期: 2-3個工作天內

價格

概要

2022年全球豪華腕錶市場規模達274億美元。展望未來, IMARC Group預計到2028年市場規模將達到333億美元,2022-2028年複合年成長率(CAGR)為3.30%。卓越的工藝和豐富的遺產、地位和聲望的象徵、不斷增加的投資價值、引進尖端技術和產品創新、有效的行銷和收藏吸引力是推動市場的主要因素。

奢華腕錶是一種高階時計,體現了卓越的工藝、精準度和美感。奢華腕錶由具有卓越歷史的著名製錶師精心打造,通常被認為不僅僅是功能性配件;它們代表了藝術與工程的融合。這些手錶採用最優質的材料精心組裝而成,例如貴金屬、藍寶石水晶和複雜的錶盤。奢華腕錶不僅提供準確的計時功能,還提供精準的計時功能。它們包含一種排他性和地位感。許多豪華手錶品牌都擁有跨越數十年的豐富傳統,這增強了它們的吸引力和價值。這些時計通常配備陀飛輪、萬年曆和計時碼表等複雜機械裝置,展現製錶創新的巔峰之作。收藏家和愛好者被豪華手錶所吸引,不僅因為它們的技術實力,還因為它們的投資潛力。限量生產以及與知名設計師或名人的合作增加了它們的吸引力。勞力士、百達翡麗和愛彼等標誌性品牌是奢華腕錶的代名詞,象徵傳統優雅與現代精緻。在奢華腕錶的世界中,每件作品都是業界奉獻精神、技藝和藝術的證明。

奢華腕錶以其卓越的工藝和豐富的傳統而聞名。對細節的一絲不苟和著名製錶師的傳承吸引了尋求體現傳統和藝術的產品的消費者。此外,豪華手錶也是聲望和地位的象徵。擁有知名品牌的高階腕錶象徵著一個人的成功、品味和富裕,使其受到個人和收藏家的追捧。除此之外,奢華腕錶的稀有性和獨特性也增強了其作為投資資產的潛力。限量生產、合作和歷史意義可以隨著時間的推移提高手錶的價值,吸引尋求替代投資機會的投資者。除此之外,奢華腕錶品牌在秉承傳統的同時,也不斷突破創新的界限。這些手錶融合了先進的材料、複雜的複雜功能和尖端技術,吸引了欣賞經典設計和現代功能的愛好者。與此一致的是,豪華手錶通常具有文化意義和情感價值。它們可以紀念里程碑、紀念成就並作為傳家寶,在消費者和他們的時計之間建立情感聯繫。此外,豪華手錶市場受益於日益全球化,使這些產品能夠被更廣泛的國際受眾所接受。可支配收入不斷增加的新興市場(尤其是亞洲)對市場的擴張做出了重大貢獻。此外,策略行銷活動和名人代言增強了品牌知名度和吸引力。與有影響力的人物的合作建立了理想的聯繫,推動了尋求效仿偶像的消費者的需求。

豪華手錶市場趨勢/促進因素:

工藝與傳承

這些手錶不僅是計時裝置,也是計時裝置。它們是精心製作的藝術品,體現了數百年的傳統。專業製錶師花費數年時間精進自己的技藝,打造出展現出無與倫比的精準度和美感的時計。從複雜的錶盤設計到手工雕刻的機芯,對細節的關注展現了代代相傳的精湛技藝。奢華手錶品牌往往擁有傳奇的歷史,這有助於增強其吸引力。創新和藝術的遺產將消費者與品牌的傳統聯繫起來,喚起一種永恆的感覺。這種傳統延伸到了塑造產業的標誌性車型,在過去和現在之間架起了一座橋樑。對工藝的執著和對傳統的尊重將奢華腕錶從功能性配件的範疇提升為持久卓越的象徵。

身份的象徵

擁有知名品牌精心製作的時計可以立即傳達出成功、品味和精緻感。豪華手錶通常限量生產,其獨特性增加了它們的吸引力,因為擁有手錶意味著成為欣賞精緻工藝的專屬俱樂部的成員。配戴奢華腕錶可以是一種無聲卻有力的宣言,彰顯一個人的成就和社會地位。這些手錶能夠吸引註意力並引發對話,使其不僅僅是配件。與擁有奢侈手錶相關的聲望讓消費者產生了與象徵富裕和成就的品牌結盟的強烈願望。

投資潛力

某些手錶的價值隨著時間的推移而升值,使其成為投資多元化的有吸引力的選擇。限量生產、歷史意義和標誌性設計等因素可以顯著提高手錶在二級市場上的價值。收藏家經常尋找具有​​獨特屬性的手錶,例如限量版或具有複雜功能的型號。復古手錶,尤其是那些來自知名品牌的手錶,由於其稀有性和收藏價值而可以賣出高價。鐘錶專業知識與投資潛力的融合,使奢華腕錶不僅是穿戴式的藝術品,更是能隨著時間的流逝而升值的寶貴資產。

奢華手錶產業細分:

IMARC Group提供了全球豪華手錶市場報告各細分市場主要趨勢的分析,以及 2023 年至 2028 年全球、區域和國家層面的預測。我們的報告根據類型、最終用戶和配銷通路對市場進行了分類。

按類型分類:

類比手錶

數位手錶

類比手錶主導市場

該報告根據類型提供了詳細的市場細分和分析。這包括類比手錶和數位手錶。根據該報告,類比手錶佔據了最大的細分市場。

指針式手錶具有永恆的吸引力,能夠引起不同年齡層和不同風格偏好的廣大消費者的共鳴。其經典設計以時針、分針以及數字或標記為特色,吸引了那些欣賞傳統計時優雅的人們。此外,類比手錶通常提供多種款式、材質和價位的選擇,使其適合廣大消費者。這種多功能性確保類比手錶能夠滿足正式和休閒場合的需求,從而提高其整體市場需求。此外,類比錶盤的熟悉度和易用性也促進了它們的流行。習慣這種格式的使用者會發現它直覺、簡單,使得類比手錶成為許多人的首選。

按最終用戶分類:

女性

男士

男女通用的

女性在市場中佔有最大佔有率

報告還提供了基於最終用戶的詳細市場細分和分析。這包括女性、男性和男女皆宜的。報告顯示,女性佔據了最大的市場。

多年來,手錶的作用發生了重大轉變,從單純的計時裝置轉變為時尚宣言和個人風格的表達。女式手​​錶充分利用了這一演變,提供了大量的設計、顏色、材料和尺寸,以滿足不同的時尚偏好。這種客製化使女性能夠根據個人品味來設計自己的外觀和配件,使手錶成為她們整體造型中的關鍵元素。此外,女性賦權和平權運動的興起促使鐘錶產業專門迎合女性消費者,從而帶來了更廣泛的選擇,迎合了更廣泛的受眾。

按配銷通路分類:

網路商店

實體門市

線下門市佔市場主導地位

該報告根據配銷通路對市場進行了詳細的細分和分析。這包括線上商店和實體門市。報告稱,實體門市佔據了最大的佔有率。

實體店為顧客提供了直接接觸產品的機會,使他們能夠在購買前看到、觸摸和試穿商品。這種感官互動增強了消費者的信心並減少了與線上購物相關的不確定性。此外,實體門市透過知識淵博的員工促進人際互動,他們可以提供個人化建議並即時解決客戶疑問。這種水準的客戶服務有助於建立信任和品牌忠誠度。此外,某些產品類別(例如手錶)受益於實體門市提供的實踐體驗。手錶設計、材料和工藝的複雜性最好親自欣賞。

按地區分類:

北美洲

美國

加拿大

亞太

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

北美在市場上表現出明顯的主導地位

該報告還對所有主要區域市場進行了全面分析,其中包括北美(美國和加拿大);歐洲(德國、法國、英國、義大利、西班牙、俄羅斯等);亞太地區(中國、日本、印度、韓國、澳洲、印尼等);拉丁美洲(巴西、墨西哥等);以及中東和非洲。報告稱,北美是豪華手錶的最大市場。

該地區的富裕程度為大量消費者提供了購買力,可以購買包括豪華手錶在內的高階商品。文化因素也發揮關鍵作用。北美重視自我表達和個人風格,奢華手錶是地位、成就和精緻的象徵。對個人主義和理想生活的重視推動了對著名時計的需求。此外,豪華手錶品牌有效的行銷努力鞏固了市場地位。品牌巧妙地利用名人代言、合作和獨家活動來創造吸引力並培養獨特感。發達的零售格局和著名奢侈品購物目的地的存在進一步增強了北美的吸引力。

競爭格局:

著名的奢華腕錶品牌不斷投資創新,打造將經典美學與尖端技術結合的時計。這些品牌融合了先進的材料、複雜的複雜功能和智慧的功能,在秉承傳統工藝的同時迎合了現代人的喜好。此外,主要參與者經常發布限量版手錶,以吸引尋求獨特性的收藏家和愛好者。與著名設計師、藝術家或其他奢侈品牌的合作為時計帶來獨特的觸感,激發人們的期待並推動需求。除此之外,品牌還透過週年紀念版和以傳統為重點的活動來利用其豐富的歷史。這些舉措突顯了品牌歷史上的標誌性車型和關鍵時刻,喚起懷舊之情,並與重視傳統的消費者產生共鳴。除此之外,奢華腕錶品牌也優先打造沉浸式零售體驗。旗艦店、精品店和獨家活動為顧客提供了與品牌及其產品互動的機會,從而建立更深的聯繫。為此,主要參與者積極培養強大的線上影響力,並認知到數位景觀對消費者行為的影響。參與網站、社群媒體平台和電子商務管道使品牌能夠接觸全球受眾並保持相關性。此外,日益增強的環保意識促使豪華手錶品牌採取永續的做法。從負責任的材料採購到環保包裝,這些努力與不斷變化的消費者價值觀一致。

該報告對市場競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。市場上的一些主要參與者包括:

蘋果公司。

百年靈公司

卡西歐電腦有限公司

西鐵城表行有限公司

歷峰集團金融公司

化石集團公司

愛馬仕國際有限公司

開雲集團

LVMH 酩悅軒尼詩路易威登

摩凡陀集團公司

百達翡麗公司

勞力士公司

精工手錶株式會社

斯沃琪Group Limited

泰坦有限公司

最近的發展:

愛馬仕國際有限公司 (Hermes International SA) 最近在其產品陣容中推出了新鮮而迷人的新產品:愛馬仕 H08 系列男士手錶。該系列擁有五款獨特的 39 毫米錶款,其中四款採用鈦金屬錶殼,一款則採用填充石墨烯的複合材料製成的錶殼。該系列的設計以墊形形式為特點,從運動世界中汲取靈感,將動感線條與優美曲線和諧地融為一體。

2023 年,勞力士 (Rolex) 推出了宇宙計型迪通拿 (Cosmograph Daytona),其錶盤透過調整尺寸和重新設計的時標和計時環實現了新的圖形平衡。顏色和飾面的微妙組合凸顯了錶盤與計時盤和/或其圓環之間的對比,帶來了更大的視覺和諧和更現代的風範。

2022 年,蘋果宣布推出 Apple Watch Ultra,這是一款結合了大膽設計和廣泛創新功能的全新豪華智慧手錶。蘋果產品線的這一新成員旨在為尋求豪華智慧手錶的用戶提供優質體驗。

本報告回答的關鍵問題

  • 全球奢侈腕錶市場有多大
  • 2023-2028年全球豪華手錶市場的預期成長率是多少
  • 推動全球豪華手錶市場的關鍵因素是什麼
  • COVID-19 對全球豪華手錶市場有何影響
  • 全球豪華手錶市場按類型分類是怎麼樣的
  • 基於最終用戶的全球豪華腕錶市場的細分如何
  • 根據配銷通路,全球起司市場的細分如何
  • 全球奢華腕錶市場的重點區域有哪些
  • 誰是全球豪華手錶市場的主要參與者/公司

本報告回答的關鍵問題

  • 全球奢侈腕錶市場有多大?
  • 2023-2028年全球豪華手錶市場的預期成長率是多少?
  • 推動全球豪華手錶市場的關鍵因素是什麼?
  • COVID-19 對全球豪華手錶市場有何影響?
  • 全球豪華手錶市場按類型分類是怎麼樣的?
  • 基於最終用戶的全球豪華腕錶市場的細分如何?
  • 根據配銷通路,全球起司市場的詳細情形如何?
  • 全球奢華腕錶市場的重點地區有哪些?
  • 誰是全球豪華手錶市場的主要參與者/公司?

目錄

第 1 章:前言

第 2 章:範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章:執行摘要

第 4 章:簡介

  • 概述
  • 主要行業趨勢

第 5 章:全球豪華手錶市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章:按類型分類的市場細分

  • 類比手錶
    • 市場走向
    • 市場預測
  • 數位手錶
    • 市場走向
    • 市場預測

第 7 章:最終用戶的市場區隔

  • 女性
    • 市場走向
    • 市場預測
  • 男士
    • 市場走向
    • 市場預測
  • 男女通用的
    • 市場走向
    • 市場預測

第 8 章:按配銷通路分類的市場區隔

  • 網路商店
    • 市場走向
    • 市場預測
  • 實體門市
    • 市場走向
    • 市場預測

第 9 章:按地區分類的市場區隔

  • 北美洲
    • 美國
      • 市場走向
      • 市場預測
    • 加拿大
      • 市場走向
      • 市場預測
  • 亞太
    • 中國
      • 市場走向
      • 市場預測
    • 日本
      • 市場走向
      • 市場預測
    • 印度
      • 市場走向
      • 市場預測
    • 韓國
      • 市場走向
      • 市場預測
    • 澳洲
      • 市場走向
      • 市場預測
    • 印尼
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 歐洲
    • 德國
      • 市場走向
      • 市場預測
    • 法國
      • 市場走向
      • 市場預測
    • 英國
      • 市場走向
      • 市場預測
    • 義大利
      • 市場走向
      • 市場預測
    • 西班牙
      • 市場走向
      • 市場預測
    • 俄羅斯
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 拉丁美洲
    • 巴西
      • 市場走向
      • 市場預測
    • 墨西哥
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 中東和非洲
    • 市場走向
    • 按國家/地區分類的市場細分
    • 市場預測

第 10 章:SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章:價值鏈分析

第 12 章:波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章:價格分析

第14章:競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Apple Inc.
    • Breitling SA
    • Casio Computer Co. Ltd.
    • Citizen Watch Co. Ltd.
    • Compagnie Financiere Richemont SA
    • Fossil Group Inc.
    • Hermes International SA
    • Kering
    • LVMH Moet Hennessy Louis Vuitton
    • Movado Group Inc.
    • Patek Philippe SA
    • Rolex SA
    • Seiko Watch Corporation
    • The Swatch Group Ltd.
    • Titan Company Limited
Product Code: SR112023A4721

Abstract

The global luxury watch market size reached US$ 27.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.30% during 2022-2028. The exceptional craftsmanship and rich heritage, symbol of status and prestige, increasing investment value, introduction of cutting edge technology and product innovation, effective marketing, and collectible allure are some of the major factors propelling the market.

A luxury watch is a high-end timepiece that exemplifies exceptional craftsmanship, precision, and aesthetic appeal. Crafted by renowned watchmakers with a history of excellence, luxury watches are often considered more than just functional accessories; they represent a blend of artistry and engineering. These watches are meticulously assembled using the finest materials, such as precious metals, sapphire crystals, and intricate dials. Luxury watches offer more than just accurate timekeeping; they encompass a sense of exclusivity and status. Many luxury watch brands have a rich heritage that spans decades, contributing to their allure and value. These timepieces often incorporate complex mechanisms, such as tourbillons, perpetual calendars, and chronographs, showcasing the pinnacle of watchmaking innovation. Collectors and enthusiasts are drawn to luxury watches not only for their technical prowess but also for their investment potential. Limited production runs and collaborations with renowned designers or celebrities add to their desirability. Iconic brands like Rolex, Patek Philippe, and Audemars Piguet are synonymous with luxury watches, symbolizing both traditional elegance and modern sophistication. In the world of luxury watches, each piece is a testament to the dedication, skill, and artistry that defines the industry.

Luxury watches are renowned for their exceptional craftsmanship and rich heritage. The meticulous attention to detail and the legacy of renowned watchmakers attract consumers seeking products that exemplify tradition and artistry. Additionally, luxury watches serve as symbols of prestige and status. Owning a high-end timepiece from a renowned brand communicates one's success, taste, and affluence, making them sought after by individuals and collectors alike. Other than this, the rarity and exclusivity of luxury watches contribute to their potential as investment assets. Limited production runs, collaborations, and historical significance can enhance a watch's value over time, attracting investors looking for alternative investment opportunities. Besides this, while steeped in tradition, luxury watch brands continually push the boundaries of innovation. Incorporating advanced materials, intricate complications, and cutting-edge technology, these watches attract enthusiasts who appreciate both classic design and modern features. In line with this, luxury watches often hold cultural significance and sentimental value. They can commemorate milestones, mark achievements, and serve as heirlooms, creating an emotional connection between consumers and their timepieces. Furthermore, the luxury watch market benefits from increasing globalization, making these products accessible to a broader international audience. Emerging markets with rising disposable incomes, particularly in Asia, contribute significantly to the market's expansion. Moreover, strategic marketing campaigns and celebrity endorsements amplify brand visibility and desirability. Partnerships with influential figures create aspirational connections, driving demand among consumers who seek to emulate their idols.

Luxury Watch Market Trends/Drivers:

Craftsmanship and Heritage

These watches are not just timekeeping devices; they are meticulously crafted works of art that embody centuries-old traditions. Expert watchmakers dedicate years to perfecting their skills, resulting in timepieces that exhibit unparalleled precision and beauty. The attention to detail, from intricate dial designs to hand-engraved movements, showcases the mastery passed down through generations. Luxury watch brands often have storied histories that contribute to their appeal. The legacy of innovation and artistry connects consumers with a brand's heritage, evoking a sense of timelessness. This heritage extends to iconic models that have shaped the industry, creating a bridge between the past and the present. The commitment to craftsmanship and the reverence for heritage elevate luxury watches beyond functional accessories to symbols of enduring excellence.

Status Symbol

Possessing a meticulously crafted timepiece from a renowned brand instantly communicates success, taste, and sophistication. The exclusivity of luxury watches, often produced in limited quantities, adds to their allure, as owning one signifies membership in an exclusive club of individuals who appreciate refined craftsmanship. Wearing a luxury watch can be a silent yet powerful statement, signaling one's accomplishments and social standing. These watches have the ability to captivate attention and spark conversations, making them more than mere accessories. The cachet associated with luxury watch ownership creates an aspirational desire among consumers to align themselves with brands that epitomize opulence and achievement.

Investment Potential

Certain watches appreciate in value over time, making them attractive alternatives for investment diversification. Factors such as limited production runs, historical significance, and iconic design can significantly enhance a watch's value in the secondary market. Collectors often seek out watches that possess unique attributes, such as limited-edition releases or models with intricate complications. Vintage watches, especially those from prestigious brands, can command premium prices due to their rarity and collectible appeal. The convergence of horological expertise and investment potential makes luxury watches not only wearable art but also valuable assets that can appreciate in tandem with the passage of time.

Luxury Watch Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global luxury watch market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, end user and distribution channel.

Breakup by Type:

Analog Watch

Digital Watch

Analog watch dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes analog watch and digital watch. According to the report, analog watch represented the largest segment.

Analog watches possess a timeless appeal that resonates with a wide range of consumers across various age groups and style preferences. Their classic design, featuring hour and minute hands along with numerals or markers, appeals to those who appreciate the elegance of traditional timekeeping. Furthermore, analog watches often offer a diverse selection of styles, materials, and price points, making them accessible to a broad spectrum of consumers. This versatility ensures that analog watches can cater to both formal and casual occasions, enhancing their overall market demand. Moreover, the familiarity of analog watch faces and their ease of use contribute to their popularity. Users accustomed to this format find it intuitive and straightforward, making analog watches a preferred choice for many.

Breakup by End User:

Women

Men

Unisex

Women hold the largest share in the market

A detailed breakup and analysis of the market based on the end user has also been provided in the report. This includes women, men, and unisex. According to the report, women accounted for the largest market share.

Over the years, there has been a significant transformation in the role of watches, transitioning from mere timekeeping devices to fashion statements and expressions of individual style. Women's watches have capitalized on this evolution, offering a plethora of designs, colors, materials, and sizes that align with diverse fashion preferences. This customization empowers women to curate their appearance and accessorize according to their personal taste, making watches a key element in their ensemble. Furthermore, the rise of women's empowerment and equality movements has prompted the watch industry to cater specifically to female consumers, resulting in a broader array of options that cater to a wider audience.

Breakup by Distribution Channel:

Online Stores

Offline Stores

Offline stores dominate the market

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes online stores and offline stores. According to the report, offline stores represented the largest segment.

Physical stores provide customers with the opportunity to engage with products directly, enabling them to see, touch, and try on items before making a purchase. This sensory interaction enhances consumer confidence and reduces uncertainties associated with online shopping. Furthermore, offline stores foster human interaction through knowledgeable staff who can provide personalized recommendations and address customer queries in real time. This level of customer service contributes to building trust and brand loyalty. Moreover, certain product categories, like watches, benefit from the hands-on experience that offline stores provide. The intricacies of watch design, materials, and craftsmanship are better appreciated in person.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for luxury watches.

The affluence across the region provides a substantial consumer base with the purchasing power to indulge in high-end goods, including luxury watches. Cultural factors also play a pivotal role. North America values self-expression and personal style, with luxury watches serving as symbols of status, achievement, and refinement. The emphasis on individualism and aspirational living drives the demand for prestigious timepieces. Additionally, effective marketing efforts by luxury watch brands have solidified the position of the market. Brands have adeptly leveraged celebrity endorsements, collaborations, and exclusive events to create desirability and cultivate a sense of exclusivity. The well-developed retail landscape and the presence of prominent luxury shopping destinations further enhance North America's appeal.

Competitive Landscape:

Prominent luxury watch brands invest in continuous innovation to create timepieces that marry classic aesthetics with cutting-edge technology. Incorporating advanced materials, intricate complications, and smart functionalities, these brands cater to modern preferences while upholding traditional craftsmanship. Additionally, key players often release limited-edition watches that appeal to collectors and enthusiasts seeking exclusivity. Collaborations with renowned designers, artists, or other luxury brands lend a unique touch to timepieces, fostering anticipation and driving demand. Other than this, brands leverage their rich histories through anniversary editions and heritage-focused campaigns. These initiatives highlight iconic models and pivotal moments in a brand's timeline, evoking nostalgia and resonating with consumers who value tradition. Besides this, luxury watch brands prioritize creating immersive retail experiences. Flagship stores, boutiques, and exclusive events offer customers opportunities to engage with the brand and its products, fostering a deeper connection. In line with this, key players actively cultivate a strong online presence, recognizing the digital landscape's influence on consumer behavior. Engaging websites, social media platforms, and e-commerce channels enable brands to reach global audiences and maintain relevance. Moreover, growing environmental awareness prompts luxury watch brands to adopt sustainable practices. From responsible sourcing of materials to eco-friendly packaging, these efforts align with evolving consumer values.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Apple Inc.

Breitling SA

Casio Computer Co. Ltd.

Citizen Watch Co. Ltd.

Compagnie Financiere Richemont SA

Fossil Group Inc.

Hermes International S.A.

Kering

LVMH Moet Hennessy Louis Vuitton

Movado Group Inc.

Patek Philippe SA

Rolex SA

Seiko Watch Corporation

The Swatch Group Ltd.

Titan Company Limited

Recent Developments:

Hermes International S.A. recently introduced a fresh and captivating addition to their lineup: the Hermes H08 collection of men's watches. This collection boasts five unique 39 mm models, with four of them featuring titanium cases and one showcasing a case made from a composite material filled with graphene. The collection's design, characterized by its cushion-shaped form, draws inspiration from the world of sports, resulting in a harmonious blend of dynamic lines and graceful curves.

In 2023, Rolex S.A. has introduced Cosmograph Daytona in which the dial receives new graphic balance with resized and restyled hour markers and counter rings. Subtle combinations of colors and finishes accentuate the contrast between the dial and the counters and/or their rings, bringing even greater visual harmony and a more modern demeanor.

In 2022, Apple Inc. announced the release of the Apple Watch Ultra, a new luxury smartwatch that combines bold design with a wide range of innovative features. This new addition to Apple's lineup aims to offer a premium experience for users seeking a luxury smartwatch.

Key Questions Answered in This Report

  • 1. How big is the global luxury watch market?
  • 2. What is the expected growth rate of the global luxury watch market during 2023-2028?
  • 3. What are the key factors driving the global luxury watch market?
  • 4. What has been the impact of COVID-19 on the global luxury watch market?
  • 5. What is the breakup of the global luxury watch market based on the type?
  • 6. What is the breakup of the global luxury watch market based on the end user?
  • 7. What is the breakup of the global cheese market based on the distribution channel?
  • 8. What are the key regions in the global luxury watch market?
  • 9. Who are the key players/companies in the global luxury watch market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Luxury Watch Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Analog Watch
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Digital Watch
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by End User

  • 7.1 Women
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Men
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Unisex
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Distribution Channel

  • 8.1 Online Stores
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Offline Stores
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Apple Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Breitling SA
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Casio Computer Co. Ltd.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Citizen Watch Co. Ltd.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Compagnie Financiere Richemont SA
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Fossil Group Inc.
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Hermes International S.A.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Kering
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 LVMH Moet Hennessy Louis Vuitton
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 Movado Group Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Patek Philippe SA
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
    • 14.3.12 Rolex SA
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
    • 14.3.13 Seiko Watch Corporation
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
    • 14.3.14 The Swatch Group Ltd.
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
    • 14.3.15 Titan Company Limited
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials

List of Figures

  • Figure 1: Global: Luxury Watch Market: Major Drivers and Challenges
  • Figure 2: Global: Luxury Watch Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Luxury Watch Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Luxury Watch Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Luxury Watch Market: Breakup by End User (in %), 2022
  • Figure 6: Global: Luxury Watch Market: Breakup by Distribution Channel (in %), 2022
  • Figure 7: Global: Luxury Watch Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Luxury Watch (Analog Watch) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Luxury Watch (Analog Watch) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Luxury Watch (Digital Watch) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Luxury Watch (Digital Watch) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Luxury Watch (Women) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Luxury Watch (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Luxury Watch (Men) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Luxury Watch (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Luxury Watch (Unisex) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Luxury Watch (Unisex) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Luxury Watch (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Luxury Watch (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Luxury Watch (Offline Stores) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Luxury Watch (Offline Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: North America: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: North America: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: United States: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: United States: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Canada: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Canada: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Asia-Pacific: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Asia-Pacific: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: China: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: China: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Japan: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Japan: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: India: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: India: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: South Korea: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: South Korea: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: Australia: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: Australia: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: Indonesia: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: Indonesia: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Others: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Others: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Europe: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Europe: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: Germany: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: Germany: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: France: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: France: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: United Kingdom: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: United Kingdom: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Italy: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Italy: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Spain: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Spain: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Russia: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Russia: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Others: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Others: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Latin America: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Latin America: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Brazil: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Brazil: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Mexico: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Mexico: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Others: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Others: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Middle East and Africa: Luxury Watch Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Middle East and Africa: Luxury Watch Market: Breakup by Country (in %), 2022
  • Figure 70: Middle East and Africa: Luxury Watch Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: Global: Luxury Watch Industry: SWOT Analysis
  • Figure 72: Global: Luxury Watch Industry: Value Chain Analysis
  • Figure 73: Global: Luxury Watch Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Luxury Watch Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Luxury Watch Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Luxury Watch Market Forecast: Breakup by End User (in Million US$), 2023-2028
  • Table 4: Global: Luxury Watch Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
  • Table 5: Global: Luxury Watch Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Luxury Watch Market: Competitive Structure
  • Table 7: Global: Luxury Watch Market: Key Players