Market revenue in 2023 | USD 1,758.7 million |
Market revenue in 2030 | USD 2,400.6 million |
Growth rate | 4.5% (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 |
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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 62.29% in 2023. Horizon Databook has segmented the Japan luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is the home for some of the best and authentic wristwatch maker such as Seiko Watch Corporation and it is best known for the electronic and luxury watches market. Moreover, Japan is one of the major tourist destinations in the Asia Pacific, with millions of foreign tourists visiting Japan every year.
According to the statistics provided by the ‘Japan National Tourism Organization’ (JNTO), in 2018, 31.2 million foreign tourist visited Japan. Such large foreign tourist visits open new avenue for the luxury watch market in the country.
For instance, in October 2018, Seiko Watch Corporation announced to establishment of a new company ‘Grand Seiko Corp. of America’ (GSA) which will cater the luxury watch segment in the U.S.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan luxury watch market , including forecasts for subscribers. This country databook contains high-level insights into Japan luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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