Luxury Watches - China

  • China
  • In 2024, the revenue in the Luxury Watches market in China reaches an impressive amount of €10.32bn.
  • This market is projected to experience an annual growth rate of 2.11% from 2024 to 2028, as indicated by the compound annual growth rate (CAGR).
  • When comparing this revenue on a global scale, in China stands out as the country generating the highest revenue in the Luxury Watches market, with €10.32bn in 2024.
  • Considering the population of in China, each person contributes an average revenue of €7.20 in 2024.
  • Despite a slowing economy, China's luxury watch market continues to thrive due to increasing demand from affluent consumers.

Key regions: India, United Kingdom, Japan, Singapore, United States

 
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Analyst Opinion

eCommerce sales have high growth potential, yet they are comparatively underdeveloped in the Luxury Watches segment. The industry has been slow to embrace this sales channel out of an aversion to the high visibility on platforms whose content brands cannot completely control and because of an unwillingness to disrupt the well-functioning distribution structure, which still relies heavily on independent retailers and department stores. Instead, this digital space has been explored by design-focused online-only start-up brands in the mid-market to entry-level luxury region, which use the benefits of social media marketing. An example of this is Sweden’s Daniel Wellington.

Methodology

The Luxury Watches market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Watches industry.

Visión general

  • Revenue
  • Analyst Opinion
  • Sales Channels
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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