Luxury Watch Market is expected to grow with a stable CAGR in the Forecast by 2026 – Tribaux

Luxury Watch Market is expected to grow with a stable CAGR in the Forecast by 2026 – Tribaux

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 up gradation over the traditional conventional watches, with advanced features and characteristics which results in its high price.

 

Analysis of Luxury Watch report:

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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Leading Key players profiled in this report are:

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.

 

Global Luxury Watch Market Segmentation:

By Product Type

Mechanical Quartz
Chronograph
Automatic
Others

By Gender Type

By Distribution Channel

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

 

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

 

Market Restraints:

Availability of counterfeit products in the market is a factor that is expected to restrain the market growth
Increasing levels of prices for the product which has been a result of rise in prices of raw materials and increase in cost of the production process; this factor is expected to act as a restraint to the market growth

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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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