Luxury Watches - Worldwide

  • Worldwide
  • In 2024, the revenue in the Luxury Watches market worldwide amounts to €46.18bn.
  • It is projected that the market will experience an annual growth rate of 2.46% (CAGR 2024-2028).
  • When compared to other countries, in China generates the highest revenue with €10,320m in 2024.
  • Taking into account the total population, per person revenues amount to €5.96 in 2024.
  • It is worth noting that the Luxury Watches market is a lucrative segment with significant financial implications.
  • Luxury watch brands like Rolex and Patek Philippe continue to dominate the global market, with demand steadily increasing in countries like Switzerland, the birthplace of fine watchmaking.

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

 
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Región
 
Comparación de regiones
 
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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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