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Global Luxury Watches Market 2017-2021

Global Luxury Watches Market 2017-2021

About Luxury Watch

  • Luxury goods are defined as products that are not required but highly desirable. The meaning of luxury is very subjective in nature. Based on an individual's perception of such goods, luxury can be defined in various ways. Luxury goods are products associated with affluence.
  • A luxury watch is a high-quality, expensive timepiece used by upper-class individuals. It is more of a style statement than a necessity.
Technavio’s analysts forecast the global luxury watch market to grow at a CAGR of 2.98% during the period 2017–2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global luxury watch market for 2017–2021. To calculate the market size, the report considers the revenue generated from retail sales of personal luxury goods to individual customers.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Luxury Watch Market 2017–2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • LVMH
  • Richemont
  • Rolex
  • Swatch Group
Other prominent vendors
  • BREITLING
  • Burberry
  • Chopard International
  • CITIZEN WATCH COMPANY OF AMERICA
  • Festina
  • Fossil Group
  • Movado Group
  • PATEK PHILIPPE
  • Seiko Watch
Market driver
  • Premiumization through product design and innovation
  • For a full, detailed list, view our report
Market challenge
  • Decline in profit margins of vendors and retailers
  • For a full, detailed list, view our report
Market trend
  • Customization of luxury watches
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Luxury Watch Market 2017 – 2021

Technavio recognizes the following companies as the key players in the global luxury watch market: LVMH, Richemont, Rolex, and Swatch Group.

Other Prominent Vendors in the market are: BREITLING, Burberry, Chopard International, CITIZEN WATCH COMPANY OF AMERICA, Festina, Fossil Group, Movado Group, PATEK PHILIPPE, and Seiko Watch.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Customization of luxury watches. The customization of luxury watches is trending in the market. Many third-party retailers across the world are offering this service to customers. This method involves modifying the bezels, dials, and bands. Perpetual Time, a company that provides watch customization services offers diamond customization for major luxury watch brands. The wide product portfolio of various vendors in the market enables them to attract new customers for customization. Vendors are offerings various products that are made with diamond and other precious materials. ”

According to the report, one of the major drivers for this market is Premiumization through product design and innovation. Innovations in luxury watch designs drive the market growth of luxury watches. Manufacturers are offerings watches with advanced capabilities such as the use of robots, hi-tech coatings, and advanced materials such as ceramics and titanium. Swiss manufacturers have set a standard in the luxury watch market. The demand for Swiss watches is increasing owing to their quality, design, craftsmanship, and technological sophistication. Booming economies and rising disposable incomes, especially in developing countries, have enhanced the purchasing power of consumers and are largely responsible for the shift in the demand for Swiss-made luxury watches from developing countries.

Further, the report states that one of the major factors hindering the growth of this market is Decline in profit margins of vendors and retailers. Vendors in the global luxury watch market are witnessing a decline in their profit margins. This is due to the high prices of raw materials and intense vendor competition. Additionally, the wide availability of counterfeit products also leads to a decline in the profit margins of vendors, which poses a major challenge for the market growth.

Companies Mentioned

LVMH, Richemont, Rolex, and Swatch Group, BREITLING, Burberry, Chopard International, CITIZEN WATCH COMPANY OF AMERICA, Festina, Fossil Group, Movado Group, PATEK PHILIPPE, and Seiko Watch.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global personal luxury goods market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Segmentation of global luxury watch market
      • Table Segmentation of luxury goods 2016
    • Market size and forecast
      • Table Global luxury watch market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global luxury watch market segmentation by end-user
      • Table Global luxury watch market segmentation by end-user 2016 (% share of revenue)
      • Table Global luxury watch market segmentation by end-user 2021 (% share of revenue)
      • Table Global luxury watch market 2016-2021 (% share of revenue)
    • Global luxury watch market for men
      • Table Global luxury watch market for men 2016-2021 ($ billions)
    • Global luxury watch market for women
      • Table Global luxury watch market for women 2016-2021 ($ billions)
  • Market segmentation by material
    • Global luxury watch market segmentation by material
      • Table Global luxury watch market segmentation by material 2016 (% share of revenue)
  • Market segmentation by distribution channel
    • Global luxury watch market segmentation by distribution channel
      • Table Global luxury watch marker segmentation by distribution channel 2016 (% share of revenue)
      • Table Analysis of various retail formats
  • Regional landscape
    • Global luxury watch market segmentation by geography
      • Table Geographical segmentation of global luxury watch market by revenue 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast
      • Table Americas - Market size and forecast ($ billions)
      • Table Americas - Year-over-year-growth
      • Table Top three countries in Americas
    • EMEA - Market size and forecast
      • Table EMEA - Market size and forecast ($ billions)
      • Table EMEA - Year-over-year growth
      • Table Top three countries in EMEA
    • APAC - Market size and forecast
      • Table APAC - Market size and forecast
      • Table APAC - Year-over-year growth
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing Internet retailing beneficial for market growth
    • Customization of luxury watches
    • Marketing initiatives by luxury watch manufacturers
  • Vendor landscape
    • Competitive scenario
    • Key insights
      • Table Key players in global luxury watch market 2016
    • Competitive assessment of top four players
      • Table Competitive assessment of top four players
  • Key vendor analysis
    • LVMH
      • Table LVMH: Business segmentation by revenue 2016 (% share of revenue)
      • Table LVMH in global luxury watch market
      • Table LVMH: Recent developments
    • Richemont
      • Table Richemont: Business segmentation by revenue 2016 (% share of revenue)
      • Table Richemont: Geographical segmentation by revenue 2016 (% share of revenue)
      • Table Richemont in global luxury watch market
    • Rolex
      • Table Rolex in global luxury watch market
      • Table Rolex: Recent developments
    • Swatch Group
      • Table Swatch Group: Business segmentation by revenue 2016 (% share of revenue)
      • Table Swatch Group: Geographical segmentation by revenue 2016 (% share of revenue)
      • Table Swatch Group in global luxury watch market
      • Table Swatch Group: Recent developments
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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