The North America Luxury Watch Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
Luxury watches are exquisitely well-made, manually crafted timepieces. A luxury watch's creativity with the inclusion of rare materials in its frame has been attracting more consumers. What is considered a luxury watch has no set definition. Luxury watches are often thought of as being largely manually crafted timepieces that come at a high price and are of noticeably greater quality.
Mechanical watches don't have batteries as quartz watches do. They are mechanized, though, using a manually or automatically operated winding motion. The handcrafted motion parts show a far higher manufacturing cost than quartz watches with an industrial style. Additionally, valuable stones (such as rubies, diamonds, and many others) and metals (such as gold, silver, and platinum) guarantee a more expensive quality and significantly increase the worth of a luxury watch.
Equally crucially, the market's top producers limit their output to create scarcity, which is a critical component in getting the premium price. As a result, extremely well-known and used paragons, which are being produced at the present, fetch market values that are significantly higher than the original cost.
The market for watch enthusiasts and purchasers in the United States, for a long time dependable and tranquil, is undergoing a transition. This is due in part to America's form of volatility. This volatility serves as a catalyst for American watchmakers as well as small brands, falling and rising, developing and changing, and competing for a whole marketplace of Americans who desire to wear an American-made watch. The American Watch Renaissance is an actual phenomenon.
The US market dominated the North America Luxury Watch Market by Country in 2021; thereby, achieving a market value of $10.0 Billion by 2028. The Canada market is experiencing a CAGR of 6.8% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Luxury Watch Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Luxury Watch Market, by Product
1.4.2 North America Luxury Watch Market, by Distribution Channel
1.4.3 North America 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. North America Luxury Watch Market by Product
4.1 North America Electronic Market by Country
4.2 North America Mechanical Market by Country
Chapter 5. North America Luxury Watch Market by Distribution Channel
5.1 North America Offline Market by Country
5.2 North America Online Market by Country
Chapter 6. North America Luxury Watch Market by Country
6.1 US Luxury Watch Market
6.1.1 US Luxury Watch Market by Product
6.1.2 US Luxury Watch Market by Distribution Channel
6.2 Canada Luxury Watch Market
6.2.1 Canada Luxury Watch Market by Product
6.2.2 Canada Luxury Watch Market by Distribution Channel
6.3 Mexico Luxury Watch Market
6.3.1 Mexico Luxury Watch Market by Product
6.3.2 Mexico Luxury Watch Market by Distribution Channel
6.4 Rest of North America Luxury Watch Market
6.4.1 Rest of North America Luxury Watch Market by Product
6.4.2 Rest of North America 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 North America Luxury Watch Market, 2018 - 2021, USD Million
TABLE 2 North America Luxury Watch Market, 2022 - 2028, USD Million
TABLE 3 North America Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Electronic Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Electronic Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Mechanical Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Mechanical Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 North America Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 North America Offline Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Offline Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Luxury Watch Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Luxury Watch Market by Country, 2022 - 2028, USD Million
TABLE 17 US Luxury Watch Market, 2018 - 2021, USD Million
TABLE 18 US Luxury Watch Market, 2022 - 2028, USD Million
TABLE 19 US Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 20 US Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 21 US Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 US Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 Canada Luxury Watch Market, 2018 - 2021, USD Million
TABLE 24 Canada Luxury Watch Market, 2022 - 2028, USD Million
TABLE 25 Canada Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 26 Canada Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 27 Canada Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 Canada Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 Mexico Luxury Watch Market, 2018 - 2021, USD Million
TABLE 30 Mexico Luxury Watch Market, 2022 - 2028, USD Million
TABLE 31 Mexico Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 32 Mexico Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 33 Mexico Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 Mexico Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 Rest of North America Luxury Watch Market, 2018 - 2021, USD Million
TABLE 36 Rest of North America Luxury Watch Market, 2022 - 2028, USD Million
TABLE 37 Rest of North America Luxury Watch Market by Product, 2018 - 2021, USD Million
TABLE 38 Rest of North America Luxury Watch Market by Product, 2022 - 2028, USD Million
TABLE 39 Rest of North America Luxury Watch Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Rest of North America Luxury Watch Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Key Information – Apple, Inc.
TABLE 42 Key Information – Fossil Group, Inc.
TABLE 43 Key Information – Movado Group, Inc.
TABLE 44 key Information – LVMH SE
TABLE 45 key Information – Ralph Lauren Corporation
TABLE 46 Key Information –Citizen Watch Co., Ltd.
TABLE 47 Key Information – The Swatch Group Ltd
TABLE 48 Key Information – Compagnie Financière Richemont SA
TABLE 49 Key Information – SEIKO HOLDINGS CORPORATION
TABLE 50 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.