UK Luxury Watch Market Size & Outlook, 2023-2030
UK luxury watch market, 2018-2030 (US$M)
Related Markets
UK luxury watch market highlights
- The UK luxury watch market generated a revenue of USD 2,885.2 million in 2023 and is expected to reach USD 3,952.6 million by 2030.
- The UK market is expected to grow at a CAGR of 4.6% 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.
Luxury watch market data book summary
| Market revenue in 2023 | USD 2,885.2 million |
| Market revenue in 2030 | USD 3,952.6 million |
| Growth rate | 4.6% (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, UK accounted for 6.4% 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 Europe, Germany luxury watch market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,712.0 million by 2030.
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Luxury Watch Market Scope
Luxury Watch Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 63.44% in 2023. Horizon Databook has segmented the UK luxury watch market based on electronic, mechanical covering the revenue growth of each sub-segment from 2018 to 2030.
The U.K. is the home for large number of High Net Worth population which is a crucial factor for the lucrative luxury watch market.
According to a report published in December 2018, in ‘The Guardian’ the number of Ultra High Net Worth Individuals (UHNWIs) in Britain has increased by 8.5% over the last year and has reached the mark of 4,670.
The number of millionaires is increasing with a significant growth rate opening a new avenue for the luxury watch market in the foreseeable future.
Reasons to subscribe to UK luxury watch market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UK 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 UK luxury watch market , including forecasts for subscribers. This country databook contains high-level insights into UK luxury watch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK luxury watch market size, by product, 2018-2030 (US$M)
UK Luxury Watch Market Outlook Share, 2023 & 2030 (US$M)
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