The global luxury watch industry size is projected to exhibit impeccable growth in the forthcoming years. The use of high-end products to enhance one’s look has become a popular trend in recent years. The perception of using high-end luxury watches as status symbols is growing and is expected to be a major growth propellant for the luxury watch industry. Fortune Business Insights™ has presented this information in an upcoming report, titled, “Luxury Watch industry, 2021-2028”.
The global luxury watch market size was valued at USD 48.10 billion in 2023 and is projected to grow from USD 53.69 billion in 2024 to USD 134.53 billion by 2032, exhibiting a CAGR of 12.17% during the forecast period.
According to the report, the luxury watch industry is gaining immense popularity due to several reasons. For instance, the rising product innovations and the incorporation of advanced technological features are expected to boost the demand for luxury watches due to enhanced functionality.
Get A Free Sample Research Report PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/luxury-watch-market-104410
Key Players in the Global Luxury Watch industry are:
Segmentation-
On the basis of product, the industry for luxury watchs bifurcated into electronic and mechanical. On the basis of distribution channels, the industry is segmented into offline and online. Geographically, the industry is classified into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
Report Coverage-
Drivers & Restraints-