Luxury Watch Market Growth and Share 2024

1. Downloaded from: justpaste.it/447kd Luxury Watch Market Trends, Analysis and Report 2024 The luxury watch market size has the potential to grow by USD1.64 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get FREE Sample: https://www.technavio.com/talk-to-us?report=IRTNTR44627&type=sample&src=report This report provides a detailed analysis of the market by end-user (men and women), distribution channel (offline and online), and geography (North America, APAC, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., LVMH Moet Hennessy - Louis Vuitton, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd. Market Competitive Analysis The market is fragmented. The level of competition among the players is intense and is mainly in terms of factors such as product differentiation, portfolio, and pricing. Owing to the rising competition, the manufacturers are focusing on introducing innovative products and are also following celebrity endorsements as an important marketing technique to showcase their products. CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., and Compagnie Financière Richemont SA are some of the major market participants. Although the premiumization through product design and innovation will offer immense growth opportunities, the increased availability of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this luxury watch market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this luxury watch market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Luxury Watch Market: Key Drivers and Trends Research analysis on the global luxury watch market identifies that premiumization through product design and innovation as one of the major factors that will have a positive impact on the growth of the market. The manufacturers are offering watches with advanced capabilities such as the use of robots, hi-tech coatings, and advanced materials such as ceramics and titanium. The demand for Swiss watches is increasing owing to their quality, design, craftsmanship, and technological sophistication. The increase in brand awareness and western

2. influences as well as the inherent need for exclusivity are some of the factors increasing the demand for luxury watches. The growth in Internet retailing will be one of the latest trends that will gain traction in the phase shifters market during the next four years. Time-strapped consumers seek the convenience of all-day access, low price, and feature comparison that online shopping offers. Vendors such as Swatch and Fossil had strong sales through Internet retailing, and this trend is expected to drive the market growth during the forecast period. The growing popularity of online platforms is also gaining traction in developing countries such as China. Luxury Watch Market: Key Highlights of the Report for 2020-2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive luxury watch market growth during the next five years Precise estimation of the luxury watch market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the luxury watch industry across North America, APAC, Europe, MEA, and South America A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of luxury watch market vendors