What is Luxury Watches for Men Market Scope?
Luxury watches are so much more than simple accessories; they’re wearable works of art. They offer fashion and function to the consumers for years with sophisticated designs and precise manufacturing. The rising inclination of people towards the luxury lifestyle is fuelling the demand for the global luxury watches for men market in the forecast period. Increasing online shopping is the major trend for the consumer goods market and has led to significant growth in the luxury watches for men market over the forecast period.
The Luxury Watches for Men market study is being classified by Type (Eco-Drive One, Eco-Drive Satellite Wave GPS, Promaster, Citizen L, Eco-Drive, Quartz and Others), by Application (General Use, Collection and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from European and United States will contribute to the maximum growth of Global Luxury Watches for Men market throughout the predicted period.
Audemars Piguet (Switzerland), AcuRite (United States), SDI Technologies (United States), Brookpace Lascelles (United Kingdom), Newgate Clocks (United Kingdom), Rolex (United Kingdom), The White Company (United Kingdom), Westclox clocks (United States), La Crosse Technology (United States), Citizen (Japan), Seiko (Japan), Emerson Radio Corporation (United States), Oregon Scientific (United States), Philips Electronics (Netherlands), Swatch Group (Switzerland), Richemont (Switzerland) and Fossil (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are SONY (Japan), Patek Philippe (Switzerland), Casio (Japan) and Chopard (Switzerland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Luxury Watches for Men market by Type, Application and Region.
On the basis of geography, the market of Luxury Watches for Men has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 27th September 2019, Garmin India- a unit of Garmin Ltd.), has launched its premium luxury watch collection - The MARQ.
Influencing Market Trend
- Various Top Players are Launching Innovative Watch Design Every Year
- Rising Popularity of Vintage Watches Especially Among Watch Connoisseurs
- Adoption of Online Sales Channels
Market Drivers
- Increasing Penchant for Luxury Watches and Rising Adoption of Smartwatches
- Rise in Disposable Income and Burgeoning Upper Middle Class in Various Developing Economies Such as India, China, and Others
Opportunities
- Surging Demand for Sport Watches
- Innovations in Digital Watches
Restraints
- High Prices of Luxury Watches
Challenges
- Excessive Presence of Counterfeit Products
Key Target Audience
Luxury Watches Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Customization available in this Study:
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