As per MarkNtel Advisors The Global Luxury Watch Market size was valued at around USD 53.69 billion in 2024 and is projected to reach around USD 72.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.23% during the forecast period, i.e., 2025-30.

Global Luxury Watch Market Systems Market Outlook:

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Global Luxury Watch Market Systems Market Segmentation:

By Product Type

-Quartz/Mechanical- Market Size & Forecast 2020-2030, Thousand Units

-Digital- Market Size & Forecast 2020-2030, Thousand Units

By Band Type

-Strap-based- Market Size & Forecast 2020-2030, Thousand Units

-Chain-based- Market Size & Forecast 2020-2030, Thousand Units

By End-Users

-Women - Market Size & Forecast 2020-2030, Thousand Units

-Men - Market Size & Forecast 2020-2030, Thousand Units

-Unisex - Market Size & Forecast 2020-2030, Thousand Units

By Distribution Channel

-Online Store- Market Size & Forecast 2020-2030, Thousand Units

-Offline Store- Market Size & Forecast 2020-2030, Thousand Units

-Exclusive Outlets- Market Size & Forecast 2020-2030, Thousand Units

-Multi-brand Store- Market Size & Forecast 2020-2030, Thousand Units

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

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Global Luxury Watch Market Driver:

Rising Demand for Personalized Luxury Watches Across the Globe – Increasing demand for personalized luxury watches has emerged as a prominent market driver in recent years. Also, recently, watches have been customized by consumers to commemorate special occasions, making them a popular choice as gifts for occasions such as birthdays, weddings, and anniversaries. The emotional significance of these presents combined with the inherent worth of such luxury watches propels their adoption among the consumer, and hence, has been propelling the volume & growth of the market.

Observing this trend for gifting personalized & customized luxury watches among consumers, market players have also started offering such features to leverage this marketplace. Along with this, the top market players are offering consumers the feasibility to customize their dial designs, and straps, among other features. Also, companies are utilizing cutting-edge materials like titanium and scratch-resistant sapphire crystal glass to add exclusivity to personalized luxury watches. Hence, the adoption of personalized luxury watches among consumers has been driving the market growth & expansion. Also, consumers are further preferring to purchase handcrafted personalized luxury watches, as they offer personalized touches by skilled artisans. Thus, the demand for handcrafted personalized luxury watches is another market driver, which would generate additional revenue growth in the coming years.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Global Luxury Watch Market are:

Apple Inc., Omega, Rolex SA, The Swatch Group, Compagnie Financiere Richemont SA, Patek Philippe, Audemars Piguet, Tag Heuer, Jaeger-LeCoultre, Movado Group, Inc., Ralph Lauren Corp., Louis Vuitton Moet Hennessy (LVMH), Cartier, Chopard, Richard Mille, Garmin Ltd., and others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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About us

MarkNtel Advisors is a trusted global market research and consulting company providing intelligence across the fast-moving consumer goods (FMCG) landscape, covering consumer goods, food & beverage, personal care, and retail sectors. We analyze market trends, consumer behaviors, and innovation patterns to guide brands in optimizing product portfolios and retail strategies. Our Custom Market Analysis delivers business-specific insights that empower companies to expand market presence, enhance consumer engagement, and achieve profitable growth in competitive FMCG environments.

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