China Luxury Watch Market Size & Outlook, 2023-2030
China luxury watch market, 2018-2030 (US$M)
Related Markets
China luxury watch market highlights
- The China luxury watch market generated a revenue of USD 9,581.6 million in 2023 and is expected to reach USD 13,773.5 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% 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 9,581.6 million |
| Market revenue in 2030 | USD 13,773.5 million |
| Growth rate | 5.3% (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, China accounted for 21.3% 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 Asia Pacific, China luxury watch market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,773.5 million by 2030.
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Luxury Watch Market Scope
Luxury Watch Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 63.17% in 2023. Horizon Databook has segmented the China luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest market for luxury watches in the region accounting for 46.6% of the total market share of Asia Pacific owing to the presence of high net worth population.
According to the statistics provided by the ‘Federation of the Swiss Watch Industry’, over the last five years, the market of luxury watches has witnessed a significant growth owing to the substantial demand from the key markets including Mainland China, Taiwan, Hong Kong, and Macao.
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Target buyers of China 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 China luxury watch market , including forecasts for subscribers. This country databook contains high-level insights into China luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China luxury watch market size, by product, 2018-2030 (US$M)
China Luxury Watch Market Outlook Share, 2023 & 2030 (US$M)
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