The Europe Luxury Watch Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Most manufacturing companies are expanding their product lines for the women's market because it has been seen that women are more interested in replacing their timepieces than men are. The altering fashion away from traditional watches and toward gold and diamond timepieces is also significantly extending the customer base. These products, it has been noted, are fiercely challenging the hand jewelry business.
The purpose of a luxury watch is primarily to be worn for enjoyment. However, during the past ten years or more, the number of people who also desire to profit from watch investments has grown significantly. The market for high-end mechanical watches can be rather lucrative. When it involves monitoring investments, there are often two ways to proceed. One can choose to become an authority on vintage timepieces and learn about timeless items whose value will rise.
Consumers could also invest in modern pieces speculating that the watches will rise further in price with time. Due to their exclusivity, high cost, and lack of mass production, they are immediately distinguishable from their more inexpensive equivalents due to their strength and originality.
During the pandemic, luxury timepieces proved to be a backbone for the Swiss watch industry, as was evident by the end of 2020. It was further evidence that the luxury watch market remained the watch industry's primary growth driver. In uncertain times, the pandemic has caused an increasing concentration of wealth, and luxury items, especially clocks, have become solid investments. Rich consumers were less monetarily impacted by the pandemic, but like the majority of the population, they spent less on extravagant vacations.
The Germany market dominated the Europe Luxury Watch Market by Country in 2021; thereby, achieving a market value of $3.1 Billion by 2028. The UK market is exhibiting a CAGR of 4.2% during (2022 - 2028). Additionally, The France market would experience a CAGR of 5.8% during (2022 - 2028).
Based on Product, the market is segmented into Electronic and Mechanical. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Luxury Watch Market will Hit $53.5 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Fossil Group, Inc., LVMH SE, Ralph Lauren Corporation, Rolex SA, Citizen Watch Co., Ltd., Seiko Watch Corporation, Compagnie Financiere Richemont SA, Movado Group, Inc. and The Swatch Group Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Distribution Channel
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Fossil Group, Inc.
- LVMH SE
- Ralph Lauren Corporation
- Rolex SA
- Citizen Watch Co., Ltd.
- Seiko Watch Corporation
- Compagnie Financiere Richemont SA
- Movado Group, Inc.
- The Swatch Group Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Luxury Watch Market, by Product
1.4.2 Europe Luxury Watch Market, by Distribution Channel
1.4.3 Europe Luxury Watch Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Luxury Watch Market
Chapter 4. Europe Luxury Watch Market by Product
4.1 Europe Electronic Market by Country
4.2 Europe Mechanical Market by Country
Chapter 5. Europe Luxury Watch Market by Distribution Channel
5.1 Europe Offline Market by Country
5.2 Europe Online Market by Country
Chapter 6. Europe Luxury Watch Market by Country
6.1 Germany Luxury Watch Market
6.1.1 Germany Luxury Watch Market by Product
6.1.2 Germany Luxury Watch Market by Distribution Channel
6.2 UK Luxury Watch Market
6.2.1 UK Luxury Watch Market by Product
6.2.2 UK Luxury Watch Market by Distribution Channel
6.3 France Luxury Watch Market
6.3.1 France Luxury Watch Market by Product
6.3.2 France Luxury Watch Market by Distribution Channel
6.4 Russia Luxury Watch Market
6.4.1 Russia Luxury Watch Market by Product
6.4.2 Russia Luxury Watch Market by Distribution Channel
6.5 Spain Luxury Watch Market
6.5.1 Spain Luxury Watch Market by Product
6.5.2 Spain Luxury Watch Market by Distribution Channel
6.6 Italy Luxury Watch Market
6.6.1 Italy Luxury Watch Market by Product
6.6.2 Italy Luxury Watch Market by Distribution Channel
6.7 Rest of Europe Luxury Watch Market
6.7.1 Rest of Europe Luxury Watch Market by Product
6.7.2 Rest of Europe Luxury Watch Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Apple, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Fossil Group, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.3 Movado Group, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.3.4.2 Acquisition and Mergers:
7.4 LVMH SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisition and Mergers:
7.5 Ralph Lauren Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Product Launches and Product Expansions:
7.6 Citizen Watch Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 The Swatch Group Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Compagnie Financière Richemont SA
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.9 Seiko Holdings Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.10. Rolex SA
7.10.1 Company Overview
TABLE 1 Europe Luxury Watch Market, 2018 - 2021, USD Million
TABLE 2 Europe Luxury Watch Market, 2022 - 2028, USD Million
TABLE 3 Europe Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 4 Europe Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 5 Europe Electronic Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Electronic Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Mechanical Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Mechanical Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 Europe Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 Europe Offline Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Offline Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Online Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Online Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Luxury Watch Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Luxury Watch Market by Country, 2022 - 2028, USD Million
TABLE 17 Germany Luxury Watch Market, 2018 - 2021, USD Million
TABLE 18 Germany Luxury Watch Market, 2022 - 2028, USD Million
TABLE 19 Germany Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 20 Germany Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 21 Germany Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 Germany Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 UK Luxury Watch Market, 2018 - 2021, USD Million
TABLE 24 UK Luxury Watch Market, 2022 - 2028, USD Million
TABLE 25 UK Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 26 UK Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 27 UK Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 UK Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 France Luxury Watch Market, 2018 - 2021, USD Million
TABLE 30 France Luxury Watch Market, 2022 - 2028, USD Million
TABLE 31 France Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 32 France Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 33 France Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 France Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 Russia Luxury Watch Market, 2018 - 2021, USD Million
TABLE 36 Russia Luxury Watch Market, 2022 - 2028, USD Million
TABLE 37 Russia Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 38 Russia Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 39 Russia Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Russia Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Spain Luxury Watch Market, 2018 - 2021, USD Million
TABLE 42 Spain Luxury Watch Market, 2022 - 2028, USD Million
TABLE 43 Spain Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 44 Spain Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 45 Spain Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Spain Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Italy Luxury Watch Market, 2018 - 2021, USD Million
TABLE 48 Italy Luxury Watch Market, 2022 - 2028, USD Million
TABLE 49 Italy Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 50 Italy Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 51 Italy Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Italy Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Rest of Europe Luxury Watch Market, 2018 - 2021, USD Million
TABLE 54 Rest of Europe Luxury Watch Market, 2022 - 2028, USD Million
TABLE 55 Rest of Europe Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 56 Rest of Europe Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 57 Rest of Europe Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 58 Rest of Europe Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 59 Key Information – Apple, Inc.
TABLE 60 Key Information – Fossil Group, Inc.
TABLE 61 Key Information – Movado Group, Inc.
TABLE 62 key Information – LVMH SE
TABLE 63 key Information – Ralph Lauren Corporation
TABLE 64 Key Information –Citizen Watch Co., Ltd.
TABLE 65 Key Information – The Swatch Group Ltd
TABLE 66 Key Information – Compagnie Financière Richemont SA
TABLE 67 Key Information – SEIKO HOLDINGS CORPORATION
TABLE 68 Key Information – Rolex SA
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: apple, Inc.
FIG 3 Recent strategies and developments: Fossil Group, Inc.