Luxury Watch Market Trends, Demand and Forecast with Market Players- RADO WATCH CO. LTD.; Rolex; Burberry; OMEGA SA

(The Express Wire via Comtex)

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.

Nowadays, businesses get highly benefited with the different segments covered in the Luxury Watch Market research report which provides better market insights to them with which they can drive the business into right direction. Market drivers and market restraints help businesses to get idea about the production strategy. The report helps strengthen organization and make better decisions for driving business on the right track.

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In addition, the years considered for the study are as follows:

Historical year 2013-2018 | Base year 2018 | Forecast period 2019 to 2026

The Major players profiled in this report include 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: Segment Analysis

  • By Product Type (Mechanical Quartz, Chronograph, Automatic, Others),
  • Gender Type (Men, Women),
  • Distribution Channel (Direct, Retail, E-Commerce)

Unique structure of the 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.

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.

Highlights following MARKET DRIVERS AND RESTRAINT:

  • 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
  • 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

Competitive Landscape:

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.

Most important Highlights of TOC:

1 Introduction of Luxury Watch Market

1.1 Overview of the Market

1.2 Scope of Report

2 Exclusive Summary

3 Research Methodology

3.1 Primary Interviews

3.2 Data Mining

3.3 Validation

3.4 List of Statistics

4 Luxury Watch Market Segment and Geographic Analysis

4.1 By Type [2013-2026]

4.2 By Application [2013-2026]

4.3 By Region [2013-2026]

5 Luxury Watch Market Outlook

5.1 Overview

5.2 Market Dynamics

5.2.1 Opportunities

5.2.2 Restraints

5.2.3 Drivers

5.3 Porter’s Five Force Model

5.4 Value Chain Analysis

6 Luxury Watch Market Competitive Landscape

6.1 Overview

6.2 Key Development Policies

6.3 Company Market Standing

Browse Full Report with Facts and Figures of Luxury Watch Market Report at: https://www.databridgemarketresearch.com/toc/?dbmr=global-luxury-watch-market

At the Last, Luxury Watch industry report focuses on data sources, viz. primary and secondary sources, market breakdown and data triangulation, market size estimation, research programs, and design, research approach and methodology, and the publisher’s disclaimer.

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