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Global Luxury Watch Market Forecast By 2026 | Top Competitors-OMEGA SA; Festina; LVMH; Richemont; KERING; The Swatch Group Ltd; Fossil Group; Seiko Watch Corporation;

The Global Luxury Watch Market seven-year period can assess how the market is expected to evolve. The Global Luxury Watch Market research report is a resource that provides the industry up to 2026 with current and upcoming technical and financial details. The Global Luxury Watch Market industry data and information are taken from reliable sources such as websites, company annual reports, newspapers, and others, and the market experts have checked and validated them. To prepare Global Luxury Watch Market research report, certain steps are to be followed for collecting, recording and analyzing market data. This market report helps uncover the general market conditions and tendencies. It is a thorough investigation of current scenario of the Global Luxury Watch Market, which covers several market dynamics. The major areas covered in the report include market definition, market segmentation, competitive analysis and research methodology.

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:

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)

Table of Contents:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Market Size-by Manufacturers

Chapter 4: Production-by Regions

Chapter 5: Consumption-by Regions

Chapter 6: Market Size-by Type

Chapter 7: Market Size-by Application

Chapter 8: Manufacturers Profiles

Chapter 9: Production Forecasts

Chapter 10: Consumption Forecast

Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis

Chapter 12: Opportunities & Challenges, Threat and Affecting Factors

Chapter 13: Key Findings

Chapter 14: Appendix

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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 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:

  1. Competitive analysis of key competitors involved in the market
  2. Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  3. Market drivers and restraints analysis along with the analysis of the market structure

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