The global luxury watch market to grow at a CAGR of 2.98% during the period 2017-2021.
Global Luxury Watch Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Premiumization through product design and innovation. Innovations in luxury watch designs drive the market growth of luxury watches. Manufacturers are offerings watches with advanced capabilities such as the use of robots, hi-tech coatings, and advanced materials such as ceramics and titanium. Swiss manufacturers have set a standard in the luxury watch market.
The demand for Swiss watches is increasing owing to their quality, design, craftsmanship, and technological sophistication. 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.
- Swatch Group
Other prominent vendors
- Chopard International
- CITIZEN WATCH COMPANY OF AMERICA
- Fossil Group
- Movado Group
- PATEK PHILIPPE
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By End-User
- Market Segmentation By Material
- Market Segmentation By Distribution Channel
- Regional Landscape
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/pthvn5/global_luxury