Over $ 50 Billion Luxury Watch Market by Type, End User, and Distribution Channel – Global Opportunity Analysis and Industry Forecast 2021-2027 – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The “Luxury Watches Market by Type, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021-2027” report has been added to ResearchAndMarkets.com offer.
The global luxury watch market was valued at $ 43,661.9 million in 2019 and is expected to reach $ 51,317.3 million by 2027, registering a CAGR of 4.50%.
Luxury watches are key entities showcasing the luxury lifestyle of people. The high price of luxury watches is due to their excellent quality, exclusivity, high durability and are only affordable for a small group of people. The increase in the number of billionaires, the increase in their wealth and the growth of the wealthy individual population are mainly attributed to the growth of the luxury watches market during the forecast period.
In addition, the growing demand for high-end mechanical watches in Asia and from the well-to-do millennials is expected to drive the growth of the market.
However, traditional luxury watch makers are faced with new, digitally focused analog watch brands and smart watch companies. Therefore, many traditional luxury watch companies are focusing on vintage-inspired design and expanding their product portfolio with digital and electronic luxury watches.
High-end mechanical watch manufacturers are focused on launching new products and developing digital sales and marketing channels to grow. Online collaborations with influencers and bloggers are becoming popular mediums for interacting with potential customers, which helps to understand consumer behavior and their perception of products.
Main topics covered:
CHAPTER 1 INTRODUCTION
1.1. Description of the report
1.2. Main benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Main conclusions of the study
2.2. Viewpoint of the CEO
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Main conclusions
3.2.1. The best investment pockets
3.3. Value chain analysis
3.4. Porter’s Five Forces Analysis
3.5. Market dynamics
22.214.171.124. Acceleration of product innovation
126.96.36.199. Growing penetration through online channels
188.8.131.52. Increase in the number of billionaires and their wealth
184.108.40.206. The rise of counterfeiting and luxury fake watches
220.127.116.11. Growing adoption of pre-owned luxury watches to curb demand
18.104.22.168. Rising wealthy person
3.6. Market share analysis (2019)
3.6.1. By type
3.6.2. By end user
3.6.3. By distribution channel
3.6.4. By region
3.7. Price Analysis
3.8. Parents market analysis
3.9. Impact of Covid-19 on the luxury watch market
CHAPTER 4: LUXURY WATCHES MARKET, BY TYPE
4.1.1. Market size and forecast
4.2. Luxury Mechanical Watches Market
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast
4.3. Electronic watches
CHAPTER 5: LUXURY WATCH MARKET, BY END USER
5.1.1. Market size and forecast
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast
CHAPTER 6: LUXURY WATCH MARKET, BY DISTRIBUTION CHANNEL
6.1.1. Market size and forecast
6.2. Online Store
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market size and forecast
6.3. Single brand store
6.4. Multi-brand store
CHAPTER 7: LUXURY WATCH MARKET, BY REGION
7.1.1. Market Size and Forecast, by Region
CHAPTER 8: LANDSCAPE OF COMPETITION
8.1. The best winning strategies
8.2. Product mapping
8.3. Competitive scoreboard
8.4. Competitive heat map
8.5. Key developments
CHAPTER 9: COMPANY PROFILES
CASIO Computer Co. Ltd.
Citizen Watch Co. Ltd.
Compagnie Financière Richemont SA
Fossil Group Inc.
LVMH Moët Hennessy – Louis Vuitton
Movado Group Inc.
Patek Philippe SA
Seiko Holdings Corp.
Swatch Group SA
For more information on this report, visit https://www.researchandmarkets.com/r/kdtu0x