Luxury Watch Market Size, Share & Trends Analysis Report By Product (Mechanical, Electronic), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global luxury watch market size is expected to reach USD 9.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Increasing consumer preference to purchase luxury watches as a style statement is expected to have a strong impact on the market growth. Furthermore, increasing importance of e-commerce portals including Amazon and Flipkart as a selling medium for providing access to limited addition watches is projected to expand the industry size over the next few years.

Increasing number of aristocratic women in Western European countries including Germany, France, and U.K. who wear intricate watches on the wrist is expected to remain a prominent trend. Furthermore, new product launches in Unisex collection by companies including Rolex, Cartier, and Tag Heuer are projected to expand the buyer reach over the next few years.

Mechanical products accounted for the largest share of more than 75.0% in 2018. Excellent durability due to presence of Titanium ceramic coatings and PVD coatings in mechanical watches is expected to maintain its lead in the near future. Key industry playersthat offer mechanical products include Rolex SA; A. Lange & Sohne; Apple Inc.; and The Swatch Group Ltd.

Online distribution channel is expected to be the fastest growing category as the consumers are shifting from offline to this distribution channel due to the ease of product comparison and doorstep delivery services provided by the e-commerce portals. Some of the key online retailers are Amazon, FlipKart, and Aliexpress.

Asia Pacific is expected to be the largest regional luxury watch market over the next few years. Expansion of middle class income groups in emerging economies including China, India, and Vietnam on account of urbanization and increasing number of commercial set-ups is expected to promote the use of luxury watches over the forecast period.

Some of the key players are Rolex SA; A. Lange & Sohne; Apple Inc.; The Swatch Group Ltd.; FOSSIL GROUP, INC.; CITIZEN; Seiko Watch Corporation; CASIO; and Audemars Piguet. Companies are adopting new product development strategies to get a competitive advantage in the market. For instance, in 2019, Rolex SA launched six new models such as YACHT Master 42, Sea-Dweller, Gmt Master Ii, Day Date 60, Date Just 36, and Date Just 31.

Further key findings from the report suggest:

• Mechanical products led the market with a share of more than 75.0% in 2018

• Offline distribution channel accounted for a share of more than 85.0% in 2018

• Asia Pacific dominated the global luxury watch market in 2018 and is expected toexpand at the fastest CAGR of 4.7% over the forecast period.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Luxury Watch Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Luxury Watch Market
                    3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Luxury Watch Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Mechanical
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.3. Electronic
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 6. Luxury Watch Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Online
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.3. Offline
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 7. Luxury Watch Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion))
                         7.3.4. U.K.
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.4.4. China 
                              7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                         7.4.5. Japan
                              7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.5. Central & South America
                         7.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion) 
                         7.5.4. Brazil
                              7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
                    7.6. Middle East & Africa (MEA)
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                         7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion) 
                         7.6.4. South Africa
                              7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.6.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
                              7.6.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Billion)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. Rolex SA
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Product Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. A. Lange & Sohne
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Product Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Apple Inc.
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Product Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. The Swatch Group Ltd
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Product Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. Bernard Watch Co.
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Product Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. FOSSIL GROUP, INC.
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Product Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. CITIZEN WATCH COMPANY OF AMERICA, INC.
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Product Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Seiko Watch Corporation
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Product Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. CASIO
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Product Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. Audemars Piguet
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Product Benchmarking
                         9.10.4. Strategic Initiatives

List of Tables

1. Luxury watch - Key market driver analysis
2. Luxury watch - Key market restraint analysis
3. Global mechanical market estimates and forecast, 2015 - 2025 (USD Billion)
4. Global electronic market estimates and forecast, 2015 - 2025 (USD Billion) 
5. Global luxury watch market estimates and forecast through online, 2015 - 2025 (USD Billion)
6. Global luxury watch market estimates and forecast through offline, 2015 - 2025 (USD Billion) 
7. North America luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
8. North America luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
9. North America luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
10. U.S. luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
11. U.S. luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
12. U.S. luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
13. Europe luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
14. Europe luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
15. Europe luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion)
16. U.K. luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
17. U.K. luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
18. U.K. luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
19. Asia Pacific luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
20. Asia Pacific luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
21. Asia Pacific luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
22. China luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
23. China luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
24. China luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
25. Japan luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
26. Japan luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
27. Japan luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
28. Central & South America luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
29. Central & South America luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
30. Central & South America luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
31. Brazil luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
32. Brazil luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
33. Brazil luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
34. MEA luxury watch market estimates and forecast, 20145 - 2025 (USD Billion)
35. MEA luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
36. MEA luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
37. South Africa luxury watch market estimates and forecast, 2015 - 2025 (USD Billion)
38. South Africa luxury watch market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
39. South Africa luxury watch market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Billion) 
40. Vendor landscape

List of Figures

1. Luxury watch market snapshot 
2. Luxury watch market segmentation & scope
3. Luxury watch market penetration & growth prospect mapping
4. Luxury watch value chain analysis
5. Luxury watch market dynamics
6. Luxury watch market Porter's analysis 
7. Luxury watch market: Product movement analysis 
8. Luxury watch market: Distribution Channel movement analysis
9. Luxury watch market: Regional movement analysis