Luxury Watches Market Revenue, Opportunity, Segment and Key Trends 2017-2023

A latest report has been added to the wide database of Luxury Watches Market by Infinium Global Research. This report studies the Luxury Watches Market by gender (men’s watches, women’s watches), by distribution channel (departmental stores, exclusive branded showrooms, online retailing, specialist retailers), by product type (mechanical, quartz) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Luxury Watches Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Luxury Watches Market. Global luxury watches size is expected to exceed USD X.xx billion by 2023, growing at a CAGR of x.xx% over the period of 2017 – 2023.

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Blending Tradition with Modern Smart Technology by Some Manufacturers is expected to enhance the Growth of the Global Luxury Watches in the Near Future

Rolex SA, Swatch Group Ltd, Cie Fianciere Richemont SA and LVMH Moet Hennessy Louis Vuitton SA dominate the global luxury watches market. Excess inventory and sliding sales characterizes the current scenario of the market. The emerging fashion trends, rising per capita income in various countries and expansion of online retailing are the major factors that are anticipated to drive the growth of the global luxury watches market. New products with smart technology introduced for women are expected to drive the growth of the market during the forecast period. High end smart watches are anticipated to become mainstream luxury watches in near future. Men’s luxury watch segment dominates the global luxury watches market as the share of the women’s segment came down significantly in the recent past and due to the economic downturn, the growth of the women’s segment is moderate. Moreover, women moving away from smaller watches to bigger dialed watches, unisex watches, and smart watches and seeing it less as jewelry are some other factors that are influencing the moderate growth. Brexit, uncertainties in European Union, elections in major countries, fluctuation in exchange rates, and change in migration policies are some factors that affected global luxury watches market. Sluggish economic growth in major economies affected the purchasing capacity of consumers and it hindered the sales of luxury watches. Significant slide in the tourists’ arrivals in Europe and other major countries hindered the growth of the global luxury watches market. Emergence of new technologies and emergence of alternative in smart watches are expected to be major restraints for the global luxury watches market. Over production and excess inventory in Switzerland are major factors that restrain the growth of the market, as most of the top luxury watch manufacturers are based there.  The high cost of the watches and presence of counterfeit watches are major challenges of the global luxury watches market. Emerging markets are expected to provide opportunities for the major players in the global luxury watches market to export, to cater the untapped markets with economic prosperity.

Segments Covered in this Premium Report

The report covers the analysis of global as well as regional markets of luxury watches market. Moreover, the global luxury watches market is segmented by gender, by distribution channel, and by product type. The global luxury watches market by gender covers men’s watches and women’s watches. On the basis of distribution channel the market is segmented as departmental stores, exclusive branded showrooms, and online retailing and specialist retailers.  Based on product type, the market is segmented as mechanical, quartz and others.

Asia Pacific is a Major Growing Luxury Watches Market due to the Presence of China, the Largest Manufacturing Nation of Luxury Watches

The global luxury watches market covers the analysis of geographies such as North America, Europe, Asia-Pacific and RoW. In this section, the key trends and market size for each region is provided over the period of 2017 – 2023.Among geographies, Europe is the largest luxury watches market and it is followed by North America. Presence of major luxury watch manufacturers in Switzerland drives the European Market. The tourists from other regions are the major consumers of luxury watches, and hence the slide in arrival of tourists and political uncertainties in European Union over elections and Brexit affected the sales. Moreover, the presence of excessive inventory is hindering the growth of the European luxury watches market. North American luxury watches market was hindered by the election in USA. The change in tax on imported goods and change in visa as well as immigration policies for various nations are expected to impact the North American market. The reduction in Chinese visitors to Hong Kong affected the sales of luxury watches, as Hong Kong is the base for all major luxury watch makers in Asia-Pacific region.

Companies Profiled

The companies covered in the report include manufacturers of global luxury watches market include Audemars Piguet , Cie Fianciere Richemont SA, Citizen, Dinh Van, Dolce & Gabbana, Giorgio Armani,  Hennessy Louis Vuitton SA, LVMH Moet, Movado, Patek Phillipe  Richard Mille , RolexSA and Swatch Group Ltd.

Table of Contents:

1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

2. Executive Summary

3. Global Luxury Watches Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter’s Five Forces Analysis

3.4. Macro Indicator and Factor Analysis

3.5. Demographic Factor Analysis by Regions

3.5.1. North America (NAFTA)

3.5.2. Europe

3.5.3. Asia-Pacific

3.5.4. South America

3.6. Competitive Landscape in the Luxury Watches Market

4. IGR- Snapshots

4.1. Global Luxury Watches Market by Gender

4.2. Global Luxury Watches Market by Distribution Channel

4.3. Global Luxury Watches Market by Product Type

4.4. IGR-Growth Matrix Analysis

5. Global Luxury Watches Market Analysis, By Gender (USD million) 2017 – 2023

5.1. Men’s Luxury Watches

5.2. Women’s Luxury Watches

6. Global Luxury Watches Market analysis, by Distribution Channel (USD million) 2017 – 2023

6.1. Departmental Stores

6.2. Exclusive Branded Showrooms

6.3. Online Retailing

6.4. Specialist Retailers

7. Global Luxury Watches Market analysis, by Product Type (USD million) 2017 – 2023

7.1 Mechanical

7.2 Quartz

7.3 Others

8. Global Luxury Watches Market analysis, Regional Analysis (USD million) 2017 – 2023

8.1. North America

8.1.1. North America Luxury Watches Market by Gender (USD million)

8.1.2. North America Luxury Watches Market by Distribution Channel (USD million)

8.1.3. North America Luxury Watches Market by Product Type (USD million)

8.1.4. North America Luxury Watches Market by Country (USD million)

8.2. Europe

8.2.1. Europe Luxury Watches Market by Gender (USD million)

8.2.2. Europe Luxury Watches Market by Distribution Channel (USD million)

8.2.3. Europe Luxury Watches Market by Product Type (USD million)

8.2.4. Europe Luxury Watches Market by Country (USD million)

8.3. Asia Pacific

8.3.1. Asia Pacific Luxury Watches Market by Gender (USD million)

8.3.2. Asia Pacific Luxury Watches Market by Distribution Channel (USD million)

8.3.3. Asia Pacific Luxury Watches Market by Product Type (USD million)

8.3.4. Asia Pacific Luxury Watches Market by Country (USD million)

8.4. Rest of the World (RoW)

8.4.1. RoW Luxury Watches Market by Gender (USD million)

8.4.2. RoW Luxury Watches Market by Distribution Channel (USD million)

8.4.3. RoW Luxury Watches Market by Product Type (USD million)

8.4.4. RoW Luxury Watches Market by Sub-region (USD million)

9. Company profiles

9.1. Audemars Piguet

9.2. Cie Fianciere Richemont SA

9.3. Citizen

9.4. Dinh Van

9.5. Dolce & Gabbana

9.6. Giorgio Armani

9.7. Hennessy Louis Vuitton SA

9.8. LVMH Moet

9.9. Movado

9.10. Patek Phillipe

9.11. Richard Mille

9.12. Rolex SA

9.13. Swatch Group Ltd

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