Luxury Watch Market Share, Size 2025-30: Growth, Trends, and Key Drivers

Global Luxury Watch Market Research Report: Forecast (2025-2030)

Global Luxury Watch Market Share - By Product Type (Quartz/Mechanical, Digital), By Band Type (Strap-based, Chain-based), By End-Users (Women, Men, Unisex, By Distribution Channel......(Online Store, Offline Store, (Exclusive Outlets, Multi-brand Store), and Others Read more

FMCG
Mar 2025
Pages 174
Report Format: PDF, Excel, PPT

Market Definition

Luxury watches are wrist accessories made up of precious metals like platinum, gold, and silver along with jewels such as diamonds or rubies. These are crafted by skilled artisans and stand out for their exceptional durability and unique design elements owing to their high cost and exclusivity.

Market Insights & Analysis: Global Luxury Watch Market (2025-30):

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. Over the historical years, the demand for luxury watches has been driven by factors such as craftsmanship & heritage associated with watches. In recent years, the trend of Western influences, brand awareness, people's inherent desire for exclusivity, etc., have propelled the demand for premium watches worldwide. Also, luxury watches are widely regarded as a mark of distinction and elegance, and hence, their demand has escalated. Unlike typical accessories, luxury watches have transformed into collectibles that many consumers have been inclining towards recently. Further, most luxury watches boast rich histories, with legacies spanning generations, specifically those from brands like Audemars Piguet and Cartier among others. This legacy has also been a key driver as it has been attracting consumers who appreciate historical significance and heritage, and thus, has been driving the market growth & expansion of luxury watches globally.

Report Coverage	Details
Study Period	Historical Data: 2020-23
	Base Year: 2024
	Forecast Period: 2025-30
CAGR (2025-2030)	5.23%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled	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
Market Value In (2024)	USD 53.69 Billion
Market Value By (2030)	USD 72.9 Billion

Moreover, luxury watchmakers have been recently focusing on the integration of state-of-the-art technology within their designs. From chronographs to moon phases, perpetual calendars to tourbillons, these features have attracted customers who seek traditional and modern innovations in watches. Hence, as brand-conscious consumers who are looking for technologically advanced luxury watches are increasing worldwide, leading companies are actively pursuing strategies to follow up with this growing market trend. Also, recently, consumers have started seeking luxury watches not just as timekeeping devices but also as a form of investment. This has resulted in a substantial amplification in the sales of gold & diamond luxury watches, specifically for exclusive, limited edition, or prestigious luxury watches among investors. Along with the gold and diamond watches, consumers with investing intent have also been investing in previously owned models from renowned brands, as their prices usually increase in the forecast years.

Market Segmentation
Introduction
1. Market Definition
2. Research Process
3. Assumption
Executive Summary
Global Luxury Watch Market Pricing Analysis
Global Luxury Watch Market Trends & Insights
Global Luxury Watch Market Dynamics
1. Growth Drivers
2. Challenges
Global Luxury Watch Market Hotspot & Opportunities
Global Luxury Watch Market Supply Chain Analysis
Global Luxury Watch Market Regulation & Policy
Global Luxury Watch Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Product Type
    1. Quartz/Mechanical- Market Size & Forecast 2020-2030, Thousand Units
    2. Digital- Market Size & Forecast 2020-2030, Thousand Units
  2. By Band Type
    1. Strap-based- Market Size & Forecast 2020-2030, Thousand Units
    2. Chain-based- Market Size & Forecast 2020-2030, Thousand Units
  3. By End-Users
    1. Women - Market Size & Forecast 2020-2030, Thousand Units
    2. Men - Market Size & Forecast 2020-2030, Thousand Units
    3. Unisex - Market Size & Forecast 2020-2030, Thousand Units
  4. By Distribution Channel
    1. Online Store- Market Size & Forecast 2020-2030, Thousand Units
    2. Offline Store- Market Size & Forecast 2020-2030, Thousand Units
      1. Exclusive Outlets- Market Size & Forecast 2020-2030, Thousand Units
      2. Multi-brand Store- Market Size & Forecast 2020-2030, Thousand Units
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  6. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Luxury Watch Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
  2. By Band Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Gender Type- Market Size & Forecast 2020-2030, Thousand Units
  4. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
4. Canada Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
5. Mexico Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
South America Luxury Watch Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
  2. By Band Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Gender Type- Market Size & Forecast 2020-2030, Thousand Units
  4. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
4. Argentina Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
Europe Luxury Watch Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
  2. By Band Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Gender Type- Market Size & Forecast 2020-2030, Thousand Units
  4. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
4. Germany Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
5. France Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
6. Italy Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
7. Spain Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
The Middle East & Africa Luxury Watch Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
  2. By Band Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Gender Type- Market Size & Forecast 2020-2030, Thousand Units
  4. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Rest of The Middle East & Africa
3. Saudi Arabia Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
4. The UAE Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
5. South Africa Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
Asia-Pacific Luxury Watch Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Billion)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
  2. By Band Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Gender Type- Market Size & Forecast 2020-2030, Thousand Units
  4. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Country
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Australia
    6. Rest of Asia-Pacific
3. China Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
4. Japan Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
5. South Korea Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
6. India Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
7. Australia Luxury Watch Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
    2. By Units Sold (Thousand Units)
  2. Market Size & Analysis
    1. By Product Type- Market Size & Forecast 2020-2030, Thousand Units
    2. By Distribution Channel- Market Size & Forecast 2020-2030, Thousand Units
Global Luxury Watch Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Rolex SA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. The Swatch Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Compagnie Financiere Richemont SA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Patek Philippe
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Audemars Piguet
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Tag Heuer
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Apple Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Jaeger-LeCoultre
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Movado Group, Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Ralph Lauren Corp.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Louis Vuitton Moet Hennessy (LVMH)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Omega
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Cartier
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Chopard
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Richard Mille
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Garmin Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  17. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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