- In April 2024, at the 2024 Watches & Wonders event, Chanel revealed its exquisite offerings, including the J12 Caliber 12.1, J12 Diamond Tourbillon Caliber 5, and Monsieur watch. The brand also launched the Superleggera Intense Black Edition and several eye-catching pink editions, showcasing Chanel's commitment to elegance and innovation. These timepieces exemplify fine craftsmanship, intricate mechanics, and distinctive aesthetics, reaffirming Chanel's position as a leader in luxury watchmaking
- In August 2023, Celebrating the prestigious 2023 IRONMAN World Championship and IRONMAN 70.3 World Championship triathlon events, Breitling, a renowned manufacturer from Grenchen, Switzerland, launched a limited edition of ultralight sports watches. These timepieces are designed for performance and style, embodying the spirit of endurance and excellence associated with the IRONMAN brand. This initiative reflects Breitling's commitment to innovation and its support for the sports community, appealing to athletes and collectors
- In December 2022, Bucherer, a respected name in luxury goods, announced the acquisition of Klarlund, a prominent Danish watch and jewelry retailer. This strategic move aims to enhance Klarlund's position in the Danish market, establishing it as a leader for watch enthusiasts. By leveraging Bucherer’s extensive resources and expertise, the acquisition is expected to elevate customer experience and broaden the selection of luxury timepieces available to Danish consumers
- In October 2022, Ethos Limited, a luxury watch retailer, has ambitious plans to expand its presence in India by opening 30 to 35 new locations within the next three years. This decision comes in response to the rising demand for luxury watches in the country, reflecting the increasing interest in premium timepieces among Indian consumers. Ethos aims to enhance accessibility and provide an unparalleled shopping experience for luxury watch aficionados in India
- In January 2022, Seiko Watch Corporation, based in Tokyo, Japan, has reintroduced the iconic King Seiko Collection, expanding its mechanical watch offerings with five new timepieces. Set to launch in February 2022, these watches showcase Seiko's commitment to precision and quality craftsmanship. The King Seiko Collection, renowned for its elegant designs and advanced technology, aims to attract both new customers and long-time enthusiasts, reinforcing Seiko's reputation in the watch industry
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Analogue Watch and Digital Watch), Gender Type (Men, Women, and Unisex, Kids), Sales Channel (Online and offline) – Industry Trends and Forecast to 2031
.
The Global Luxury Watch Market size was valued at USD 8.53 USD Billion in 2023.
The Global Luxury Watch Market is projected to grow at a CAGR of 4.4% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
