DUBLIN, August 03, 2021--(BUSINESS WIRE)--The "Luxury Watches Market by Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2027" report has been added to ResearchAndMarkets.com's offering.
The global luxury watches market was valued at $43,661.9 million in 2019, and is estimated to reach $51,317.3 million by 2027, registering a CAGR of 4.50%
Luxury watches are key entities showcasing the luxurious lifestyle of people. High price of luxury watches is due to excellent quality, exclusivity, high durability, and are only affordable for the small group of people. Increase in number of billionaires, rise in their wealth, and growth of high net worth individual population are majorly attributed to the growth of the luxury watches market during the forecast period.
Furthermore, increasing demand for high-end mechanical watches in Asia and from affluent millennial is expected to favor the growth of the market.
However, traditional luxury watch manufacturers are challenged by new digital-first analog watch brands and smart watch companies. Therefore, many traditional luxury watch companies are focusing on vintage-inspired design and extending their product portfolio with digital & electronic luxury watches.
High-end mechanical watch manufacturers are focusing on new product launches and developing digital sales and marketing channels to grow. Online collaborations with influencers and bloggers are becoming popular mediums to interact with potential customers, which help to understand the consumer behavior and perception about the products.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Value chain analysis
3.4. Porter's five forces analysis
3.5. Market dynamics
22.214.171.124. Surge in Product Innovation
126.96.36.199. Growing penetration through online channels
188.8.131.52. Increase in number of billionaires and in their wealth
184.108.40.206. The Rise of Counterfeit and Fake Luxury Watch
220.127.116.11. Growing adoption of pre-owned Luxury Watch to hamper demand
18.104.22.168. Increasing High-net-worth individual
3.6. Market Share Analysis (2019)
3.6.1. By type
3.6.2. By end user
3.6.3. By distribution channel
3.6.4. By Region
3.7. Pricing Analysis
3.8. Parent Market Analysis
3.9. Impact of Covid-19 on Luxury Watches Market
CHAPTER 4: LUXURY WATCHES MARKET, BY TYPE
4.1.1. Market size and forecast
4.2. Mechanical Luxury Watches Market
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. Electronic watches
CHAPTER 5: LUXURY WATCHES MARKET, BY END USER
5.1.1. Market size and forecast
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
CHAPTER 6: LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNEL
6.1.1. Market size and forecast
6.2. Online Store
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.3. Single Brand Store
6.4. Multi Brand Store
CHAPTER 7: LUXURY WATCHES MARKET, BY REGION
7.1.1. Market size and forecast, by region
CHAPTER 8: COMPETITION LANDSCAPE
8.1. Top winning strategies
8.2. Product mapping
8.3. Competitive dashboard
8.4. Competitive heat map
8.5. Key developments
CHAPTER 9: COMPANY PROFILES
CASIO Computer Co. Ltd.
Citizen Watch Co. Ltd.
Compagnie Financiere Richemont SA
Fossil Group Inc.
LVMH Moet Hennessy -Louis Vuitton
Movado Group Inc.
Patek Philippe SA
Seiko Holdings Corp.
Swatch Group Ltd
For more information about this report visit https://www.researchandmarkets.com/r/kdtu0x
View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005606/en/
Laura Wood, Senior Press Manager
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