Brazil Luxury Watch Market Size & Outlook, 2023-2030
Brazil luxury watch market, 2018-2030 (US$M)
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Brazil luxury watch market highlights
- The Brazil luxury watch market generated a revenue of USD 935.0 million in 2023 and is expected to reach USD 1,169.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.3% 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.
Luxury watch market data book summary
| Market revenue in 2023 | USD 935.0 million |
| Market revenue in 2030 | USD 1,169.9 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Electronic |
| Fastest growing segment | Mechanical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 2.1% of the global luxury watch market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil luxury watch market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America 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 |
|---|
Brazil 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 61.48% in 2023. Horizon Databook has segmented the Brazil luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
According to the statistics provided by the BRIC Group, an investment and wealth management firm, with the rising number of high net worth population in Brazil with significantly increase in next three years, will positively impact the buying trends of luxury goods including watches in the country.
These consumer trends and increasing wealth in the country is anticipated to boost the demand for luxury watch over the foreseeable future.
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Target buyers of Brazil 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 country-level data and insights on the Brazil luxury watch market , including forecasts for subscribers. This country databook contains high-level insights into Brazil luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil luxury watch market size, by product, 2018-2030 (US$M)
Brazil Luxury Watch Market Outlook Share, 2023 & 2030 (US$M)
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