Luxury goods are products associated with affluence. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. The luxury watches and jewelry segment has taken the second position after the apparels and leather goods. By product type, the global luxury watch market has been segmented into mechanical quartz and others. It is more of a style statement than a necessity.
Key Opinion Leaders associated with Infinium Global Research 2. Additionally, Asia Pacific which comprises China, India Japan, and Australia is likely to show the fastest growth rate during the forecast period. Prominent players in the market are introducing tailor-made products according to the prevailing trends in order to meet the demand of customer from various regions, which is further benefitting the market by introducing new variety of luxury goods. They seem to understand the. This report also studies the global Luxury Watches market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This document provides an overview of trends in the sector.
Take 10% off your first month of access. Moreover, the report is collective presentation of primary and secondary research findings. Manufacturers have been quick to capitalize on this growing trend and offer an array of products to cater to all consumer segments, especially the youth. Women's Luxury Watches 2 Global Luxury WatchesMarket by Distribution Channel a. Specialist Retailers 3 Global Luxury WatchesMarket by Product Type a. Complete Report Details Major Key Points in Table of Content: 1 Study Coverage 1. The objectives of this study are to define, segment, and project the size of the Luxury Watches market based on company, product type, end user and key regions.
Statista assumes no liability for the information given being complete or correct. Complete Report Details Major Key Points in Table of Content: 1 Study Coverage 1. In addition, a survey of watch company executives found that nearly 70 percent will be focusing their efforts on. The luxury watch market comprises several key players who are highly competitive in nature. One of the drives of the market is the rise in per capita income in various countries.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. Most manufacturers also update and expand their product portfolio periodically. This section also includes the key product introductions by these players and their main strengths and weaknesses. Booming economies and rising disposable incomes, especially in developing countries, have enhanced the purchasing power of consumers and are largely responsible for the shift in the demand for Swiss-made luxury watches from developing countries. However, the market in Middle East saw a significant slowdown in 2016, triggered by the low oil prices, escalated gold prices and an upsurge in the cost of living. The objectives of this study are to define, segment, and project the size of the Luxury Watches market based on company, product type, end user and key regions. In a 2017 survey, approximately.
Further, online distribution channels are likely to grow at faster pace during the forecast period owing to emergence of advanced technologies such as augmented reality. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. Europe which comprises Germany, France, Italy, the U. Among the geographies,Europe dominated the world market with the highest market share, while North America is the next major market with significant growth. The report also lists men and women as the two end-user segments. The global watch market is dominated by only a handful of countries, the clear leaders being Switzerland and China.
The Global Luxury Watches market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. The profile of the Swiss watch industry is that of a fully developed cluster in which the individual players — from supplier, through brand, to retailer — work together like clockwork. Receive Your Discount Code When You Subscribe to our Newsletter. We never limit our ever-expanding array of topics to ensure you will always discover something new each time you stop by for intense research or a quick visit. It has been projected that during the forecast period Europe will maintain its dominance in this market. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research.
Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. Middle East Luxury Watches Market Market Overview The luxury goods market in the Middle East provides immense opportunity for luxury brands: luxury goods markets in Abu Dhabi and Dubai have helped to promote these cities as desirable shopping destinations to shop for luxury brands. On the other hand, Asia Pacific and RoW have also emerged as swiftly developing markets having a huge count of newly listed high net-worth individuals residing in these regions since past few years. Customers in the regions are equally aware of the changing trends and fashion status prevailing in the other developed countries, which has further augmented the growth of this market. Women's Luxury Watches 2 Global Luxury WatchesMarket by Distribution Channel a.
The report covers the competitive landscape and current position of major players in the Middle East luxury watches market. Moreover, rapid urbanization and growth of shopping centers and malls played an essential role in changes of shopping habits in these developing countries. Luxury watches are considered to be exclusive items and wearing them signifies status symbol for men and women. There may be differences between these two types of results. Middle East luxury watches market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Key Opinion Leaders associated with Infinium Global Research 2. However, Chinese watches are mainly geared towards the lower end of the price range. Brand positioning plays a key role in the market. Asia, Japan and Singapore are the key markets for Swiss watches. Our aim is to provide the best solution that matches the exact customer requirements. Manufacturers of luxury watches are focused on different marketing strategies in order to gain a larger part of the market share. The global luxury watch market is mainly driven by the emerging fashion trends amongst the population.