The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, Fossil Group Inc., LVMH Moet Hennessy Louis Vuitton SE, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd. are some of the major market participants. Although the premiumization through product design and innovation will offer immense growth opportunities, high competition from smartwatches will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Our report covers the following areas:
Luxury Watch Market 2021-2025: Segmentation
- End-user
- Distribution Channel
- Geography
- Europe
- North America
- APAC
- MEA
- South America
Gain highlights on top-performing segments and regions by Downloading a Free Sample
Luxury Watch Market 2021-2025: Scope
Technavio presents a detailed picture of the luxury watch market by the way of study, synthesis, and summation of data from multiple sources.
This study identifies strong brand positioning and branding influencing the purchase decision as one of the prime reasons driving the luxury watch market growth during the next few years.
Luxury Watch Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Luxury Watch Market. Backed with competitive intelligence and benchmarking, our research report on the Luxury Watch Market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Luxury Watch Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist luxury watch market growth during the next five years
- Estimation of the luxury watch market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the luxury watch market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of luxury watch market vendors
Related Reports:
Global Watch Market - Global watch market is segmented by Product (Quartz and Mechanical), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, MEA, and South America).
Download Exclusive Free Sample Report
Global Smartwatch Market - Global smartwatch market is segmented by type (integrated and standalone), operating system (watchOS, Tizen, Wear OS, and others), and geography (North America, APAC, Europe, South America, and MEA).
Download Exclusive Free Sample Report
Luxury Watch Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 1% |
Market growth 2021-2025 |
USD 1.78 billion |
Market structure |
Fragmented |
YoY growth (%) |
0.70 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
APAC at 32% |
Key consumer countries |
US, Germany, China, Canada, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, Fossil Group Inc., LVMH Moet Hennessy Louis Vuitton SE, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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