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Global Luxury Watch Market, Analysis, Industry Players, Growth, Trends and Forecast to 2026

Global Luxury Watch Market

Global Luxury Watch Market research report is a critical component of the long term strategy. The drivers and limitations of the Global Luxury Watch Market were derived from a well-known method of SWOT analysis. This report contains detailed studies for top players and brands on all company profiles and a synopsis of market definitions, classifications and market trends. This report includes extracts from manufacturing, consumption, revenue, gross margin, cost, gross market share, CAGR and global market factors affecting the Global Luxury Watch Market in 2019-2026. The Global Luxury Watch Market analyzes the market in detail by type, application, player and region. The regional segmentation covers historical demands and forecasts for North America, Europe, Asia-Pacific, Middle East, Latin America, and Africa. This report contains company profiles to better analyze and understand key players and brands. This report contains essential information to help determine the needs and requirements of the market, the size of the market and industry competition.

Market Analysis:

Global Luxury Watch Market is expected to grow with a stable CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the growing levels of innovative marketing through online channels which has affected the thinking and preferences of consumers.

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Market Definition:

Luxury watch can be defined as an exclusive high-end watch that has enhanced quality of products and pristine methods utilized in the production process for the same. Innovative methods of marketing in combination with advanced products offered by the manufacturers have resulted in the high demand for the product. These watches are simply an upgradation over the traditional conventional watches, with advanced features and characteristics which results in its high price.

Key Market Competitors: Global Luxury Watch Market

Few of the major competitors currently working in the luxury watch market are-RADO WATCH CO. LTD.; Rolex; Burberry; OMEGA SA; Festina; LVMH; Richemont; KERING; The Swatch Group Ltd; Fossil Group; Seiko Watch Corporation; Chopard; PATEK PHILIPPE SA; Breitling SA; Audemars Piguet and Bulgari.

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Market Drivers:

Rising innovations and advancements resulting in combination of traditional style and modern technology in watches has resulted in increased adoption for the product; this factor is expected to act as a driver for the market growth

Adoption of the products as a status symbol and fashion statement which has been a result of rising levels of disposable income is expected to act as a driver for the market growth

Segmentation: Global Luxury Watch Market

By Product Type (Mechanical Quartz, Chronograph, Automatic, Others), Gender Type (Men, Women), Distribution Channel (Direct, Retail, E-Commerce), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Key Developments in the Market:

In January 2019, Audemars Piguet announced the launch of their luxury watch collection under the name “11:59” collection, with a variety of watch operations and moving technique.

In May 2018, Richemont announced the launch of their new sustainable brand “Baume”. The brand inclusive of unisex affordable, sustainable watches.

Competitive Analysis: Global Luxury Watch Market

Global luxury watch market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of luxury watch market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

Competitive analysis of key competitors involved in the market

Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026

Market drivers and restraints analysis along with the analysis of the market structure

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Points to pounder in the report

  1. This report provides pin-point analysis for changing competitive dynamics
  2. It provides a forward-looking perspective on different factors driving or restraining market growth
  3. It provides five-year forecast assessed on the basis of how the market is predicted to grow
  4. Strategies of key players and product offerings
  5. In-depth market segmentation
  6. Recent industry trends and developments

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