The Business Research Company’s Luxury Watch Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Luxury Watch Global Market Report 2023 evaluates luxury watch market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global luxury watch market is expected to grow to $37,291.21 million in 2027 at a rate of 5.0%. The market is then expected to grow at a CAGR of 6.0% from 2027 and reach $50,004.74 million in 2032.
The rising use of the internet and social media platforms is expected to boost the growth of the luxury watch market going forward. A social media platform is a communication platform that uses the internet. Users may engage in conversations, exchange information, and produce content for the web via social media platforms. Utilizing social media networks to their best potential is a terrific approach to highlighting luxury watches’ aesthetic appeal. With digital advertising, the luxury watches brand can dominate the marketplace without ever leaving the comfort of the workplace. For instance, according to Meltwater, a Netherlands-based software company, internet users in the UK climbed by 224 thousand (+0.3%) between 2022 and 2023. There were 66.11 million internet users in the UK overall. In addition, in the UK, there are 35 million LinkedIn members and 28.75 million Instagram users. Between 2022 and 2023, LinkedIn’s potential ads reach in the UK climbed by 2.9%. Therefore, the rising use of the internet and social media platforms will drive the growth of the luxury watch market.
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The luxury watch market segments in the report are:
1) By Type: Digital Watch; Analog Watch
2) By Distribution Channel: Online; Single Brand Store; Multi Brand Store
3) By End User: Men; Women; Unisex”
The table of contents in TBRC’s luxury watch market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……………………………..
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Luxury Watch Market, Conclusions And Recommendations
23. Appendix
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