Europe Luxury Watch Market Size & Outlook, 2023-2030
Europe luxury watch market, 2018-2030 (US$M)
Related Markets
Europe luxury watch market highlights
- The Europe luxury watch market generated a revenue of USD 14,322.7 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 14,322.7 million |
| Market revenue in 2030 | USD 19,422.9 million |
| Growth rate | 4.4% (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, Europe region accounted for 31.8% 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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Europe 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 62.93% in 2023. Horizon Databook has segmented the Europe luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
The European market is expected to observe a decent growth over the forecast period owing to the increasing number of High Net Worth population in key markets of Scandinavia and Western Europe.
Furthermore, the improvement of economic indicators in Eastern European countries such as Poland and Romania is expected to open new market avenues for the industry participants over the next few years.
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Our clientele includes a mix of luxury watch market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe luxury watch market , including forecasts for subscribers. This continent databook contains high-level insights into Europe luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe luxury watch market size, by country, 2018-2030 (US$M)
Europe Luxury Watch Market Outlook Share, 2023 & 2030 (US$M)
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