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 |
|---|
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.
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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,600.5 | 3,875.5 | 3,252.5 | 4,208.8 | 4,566.8 | 4,927.5 | 5,289.4 | 5,651.1 | 6,011.1 | 6,368.3 | 6,721.7 | 7,070.6 | 7,414.3 | 6.0% |
| Europe | 11,272.4 | 11,954.6 | 9,884.8 | 12,602.6 | 13,472.8 | 14,322.7 | 15,148.1 | 15,945.1 | 16,710.8 | 17,442.8 | 18,139.5 | 18,799.8 | 19,422.9 | 4.5% |
| Asia Pacific | 17,023.9 | 18,132.4 | 15,058.0 | 19,281.5 | 20,702.1 | 22,103.6 | 23,478.7 | 24,821.2 | 26,125.9 | 27,388.6 | 28,606.0 | 29,775.8 | 30,896.1 | 4.9% |
| Latin America | 2,068.9 | 2,162.5 | 1,762.3 | 2,214.4 | 2,333.1 | 2,444.5 | 2,548.1 | 2,643.5 | 2,730.5 | 2,808.9 | 2,879.0 | 2,940.7 | 2,994.4 | 2.9% |
| MEA | 946.7 | 1,006.1 | 832.5 | 1,060.8 | 1,131.9 | 1,199.3 | 1,262.5 | 1,320.8 | 1,373.8 | 1,421.0 | 1,462.1 | 1,496.9 | 1,525.2 | 3.5% |
| Overall | 34,912.5 | 37,131.0 | 30,790.0 | 39,368.2 | 42,206.6 | 44,997.6 | 47,726.8 | 50,381.6 | 52,951.9 | 55,429.6 | 57,808.4 | 60,083.8 | 62,252.8 | 4.8% |
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