Global Luxury Watch Market Size & Outlook, 2023-2030
Global luxury watch market, 2018-2030 (US$M)
Related Markets
Global luxury watch market highlights
- The global luxury watch market generated a revenue of USD 44,997.6 million in 2023 and is expected to reach USD 62,252.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.7% by 2030.
- In terms of segment, electronic accounted for a revenue of USD 28,236.3 million in 2023.
- Mechanical is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 44,997.6 million |
| Market revenue in 2030 | USD 62,252.8 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Electronic |
| Fastest growing segment | Mechanical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic, Mechanical |
Other key industry trends
- In terms of revenue, the North America accounted for 11.0% of the global luxury watch market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 1,169.9 million by 2030.
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Luxury Watch Market Scope
Luxury Watch Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Seiko | View profile | 501-1000 | Mahwah, New Jersey, United States, North America | https://www.seikowatches.com/global-en/company |
| Emperor Watch & Jewellery Ltd | View profile | 777 | 288 Hennessy Road, 25th Floor, Emperor Group Centre, Wanchai, Hong Kong, Hong Kong | https://www.emperorwatchjewellery.com |
| Ralph Lauren Corp Class A | View profile | 23400 | 650 Madison Avenue, New York, NY, United States, 10022 | https://www.ralphlauren.com |
| Movado Group Inc | View profile | 1476 | 650 From Road, Suite 375, Paramus, NJ, United States, 07652-3556 | https://www.movadogroup.com |
| Compagnie Financiere Richemont SA ADR | View profile | 37117 | 50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, Switzerland, 1293 | https://www.richemont.com |
| Citizen Watch Co Ltd | View profile | 15402 | 6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, Japan, 188-8511 | https://www.citizen.co.jp |
| The Swatch Group AG | View profile | 33602 | Seevorstadt 6, P.O Box 1232, Bienne, Switzerland, 2501 | https://www.swatchgroup.com |
| Fossil Group Inc | View profile | 6100 | 901 S. Central Expressway, Richardson, TX, United States, 75080 | https://www.fossilgroup.com |
| Lvmh Moet Hennessy Louis Vuitton SE | View profile | 192346 | 22, Avenue Montaigne, Paris, France, 75008 | https://www.lvmh.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
Global luxury watch market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury watch market will help companies and investors design strategic landscapes.
Electronic was the largest segment with a revenue share of 62.75% in 2023. Horizon Databook has segmented the Global luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Luxury Watch Product Outlook (Revenue, USD Million, 2018-2030)
- Electronic
- Mechanical
- Global Luxury Watch Distribution Channnel Outlook (Revenue, USD Million, 2018-2030)
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Horizon Databook provides a detailed overview of global-level data and insights on the Global luxury watch market , including forecasts for subscribers. This global databook contains high-level insights into Global luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global luxury watch market size, by regions, 2018-2030 (US$M)
Top 10 countries: Luxury watch market size, 2023 (US$M)
Global luxury watch market share, by product, 2023 & 2030 (%, US$M)
Luxury watch market: Opportunity assessment by country
Global luxury watch market, by region, 2023 (US$M)
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