Global Pre-owned Luxury Watches Market Size & Outlook
Global pre-owned luxury watches market, 2018-2030 (US$M)
Related Markets
Global pre-owned luxury watches market highlights
- The global pre-owned luxury watches market generated a revenue of USD 24,377.5 million in 2023 and is expected to reach USD 45,013.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.2% by 2030.
- In terms of segment, automatic accounted for a revenue of USD 16,139.3 million in 2023.
- Automatic is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 24,377.5 million |
| Market revenue in 2030 | USD 45,013.7 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Automatic |
| Fastest growing segment | Automatic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automatic, Manual |
Other key industry trends
- In terms of revenue, the North America accounted for 34.2% of the global pre-owned luxury watches market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 816.7 million by 2030.
Automatic was the largest segment with a revenue share of 66.21% in 2023. Horizon Databook has segmented the Global pre-owned luxury watches market based on automatic, manual covering the revenue growth of each sub-segment from 2018 to 2030.
Vintage luxury watches, with their historical significance and unique design elements, appeal to collectors and enthusiasts. The pre-owned market allows aficionados to acquire these pieces, often with compelling stories and provenance, adding to the overall appeal of owning a piece of horological history.
The secondhand market for luxury goods, including watches, has witnessed immense progress due to the cost-of-living crisis and the increasing demand for sustainability. While some buyers are attracted to the affordability of secondhand items, certain luxury watches, such as Rolex, can be more expensive than the original price due to high demand and limited supply.
The rapid growth of e-commerce and online marketplaces has transformed the market. Digital platforms have made it easier for buyers and sellers to connect, expanding the reach of the market globally. Consumers can browse, compare, and purchase pre-owned luxury watches conveniently with the help of established authentication and verification processes.
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Pre-owned Luxury Watches Market Scope
Pre-owned Luxury Watches Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Watch Club | View profile | 1-10 | London, England, United Kingdom, Europe | https://www.watchclub.com |
| Govberg Jewelers | View profile | 101-250 | Pennsylvania Furnace, Pennsylvania, United States, North America | http://www.govbergwatches.com/blog/ |
| TrueFacet | View profile | 11-50 | New York, New York, United States, North America | http://www.TrueFacet.com |
| Crown & Caliber | View profile | 11-50 | Atlanta, Georgia, United States, North America | http://www.crownandcaliber.com |
| Bob's Watches | View profile | 11-50 | Newport Beach, California, United States, North America | https://www.bobswatches.com |
| WatchBox | View profile | 101-250 | Bala Cynwyd, Pennsylvania, United States, North America | https://www.thewatchbox.com/ |
| Chrono24 | View profile | 251-500 | Karlsruhe, Baden-Wurttemberg, Germany, Europe | https://www.chrono24.com |
| Watches of Switzerland Group PLC | View profile | 2639 | 2 Elland Road, Aurum House, Braunstone, Leicester, United Kingdom, LE3 1TT | https://www.thewosgroupplc.com |
| Compagnie Financiere Richemont SA Class A | View profile | 37117 | 50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, Switzerland, 1293 | https://www.richemont.com |
| EBay Inc | View profile | 12300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | https://www.ebay.com |
Global pre-owned luxury watches market size, by regions, 2018-2030 (US$M)
Top 10 countries: Pre-owned luxury watches market size, 2023 (US$M)
Global pre-owned luxury watches market share, by type, 2023 & 2030 (%, US$M)
Pre-owned luxury watches market: Opportunity assessment by country
Global pre-owned luxury watches market, by region, 2023 (US$M)
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