North America Luxury Watch Market Size & Outlook
North America luxury watch market, 2018-2030 (US$M)
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North America luxury watch market highlights
- The North America luxury watch market generated a revenue of USD 4,927.5 million in 2023.
- The market is expected to grow at a CAGR of 6% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,927.5 million |
| Market revenue in 2030 | USD 7,414.3 million |
| Growth rate | 6% (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, North America region accounted for 11.0% 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 |
|---|
North America 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 63.56% in 2023. Horizon Databook has segmented the North America 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 Wealth-X in one of its report ‘HIGH NET WORTH HANDBOOK 2019’, North America is the home for 41% of the High Net Worth population in the world and witnessed a growth of 2.1% in 2018.
The U.S. and Canada are most prominent markets of the region with high GDP and maximum number of HNWI. The retail market of luxury watch in Canada is expanding across major cities of the country including Vancouver and Toronto.
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Target buyers of North America 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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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 North America luxury watch market , including forecasts for subscribers. This continent databook contains high-level insights into North America luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America luxury watch market size, by country, 2018-2030 (US$M)
North America Luxury Watch Market Outlook Share, 2023 & 2030 (US$M)
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