Asia Pacific Luxury Watch Market Size & Outlook, 2023-2030
Asia Pacific luxury watch market, 2018-2030 (US$M)
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Asia Pacific luxury watch market highlights
- The Asia Pacific luxury watch market generated a revenue of USD 22,103.6 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, electronic was the largest revenue generating product in 2023.
- Mechanical is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 22,103.6 million |
| Market revenue in 2030 | USD 30,896.1 million |
| Growth rate | 4.9% (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 |
| Key market players worldwide | Apple Inc, The Swatch Group AG, Fossil Group Inc, Citizen Watch Co Ltd, Compagnie Financiere Richemont SA ADR, Lvmh Moet Hennessy Louis Vuitton SE, Movado Group Inc, Ralph Lauren Corp Class A, Emperor Watch & Jewellery Ltd, Seiko |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 49.1% of the global luxury watch market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 7,414.3 million by 2030.
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Luxury Watch Market Scope
Luxury Watch Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 62.69% in 2023. Horizon Databook has segmented the Asia Pacific luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
The region is also anticipated to be the fastest growing with a CAGR of 4.7% from 2019 to 2025 owing to the presence of some of the prominent economies including Japan, China, Singapore, and India.
Changing consumer behavior and growing disposable income, especially in developing countries such as China and Japan, are expected to boost the growth of the market.
Global luxury brands are entering into countries like Japan, China, and India by understanding the potential of the market. In Asia Pacific, China accounted for over 45.0% share of the total revenue in 2018.
Reasons to subscribe to Asia Pacific luxury watch market databook:
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Target buyers of Asia Pacific luxury watch market databook
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Our clientele includes a mix of luxury watch market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific luxury watch market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific luxury watch market size, by country, 2018-2030 (US$M)
Asia Pacific Luxury Watch Market Outlook Share, 2023 & 2030 (US$M)
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