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$50+ Billion Luxury Watches Market by Type, End User, and Distribution Channel - Global Opportunity Analysis and Industry Forecast 2021-2027 - ResearchAndMarkets.com

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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

3.5.1. Drivers

3.5.1.1. Surge in Product Innovation

3.5.1.2. Growing penetration through online channels

3.5.1.3. Increase in number of billionaires and in their wealth

3.5.2. Restraints

3.5.2.1. The Rise of Counterfeit and Fake Luxury Watch

3.5.2.2. Growing adoption of pre-owned Luxury Watch to hamper demand

3.5.3. Opportunity

3.5.3.1. 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. Overview

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. Overview

5.1.1. Market size and forecast

5.2. Men

5.2.1. Key market trends, growth factors, and opportunities

5.2.2. Market size and forecast

5.3. Women

CHAPTER 6: LUXURY WATCHES MARKET, BY DISTRIBUTION CHANNEL

6.1. Overview

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. Overview

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

  • Rolex 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/

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