Revenue of the luxury watch market worldwide by country 2023

Comparing the ten selected regions regarding the revenue in the 'Luxury Watches' segment of the luxury goods market, the United States is leading the ranking (12.6 billion U.S. dollars) and is followed by China with 12 billion U.S. dollars. At the other end of the spectrum is Singapore with 1.4 billion U.S. dollars, indicating a difference of 11.3 billion U.S. dollars to the United States.

Find more statistics on other topics: a comparison of countries or regions regarding the revenue and a comparison of the revenue in Thailand.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the luxury watch market worldwide in 2023 (in million U.S. dollars), by country

Characteristic	Revenue in million U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

This market contains luxury wristwatches and pocket watches. Also included are smartwatches by the covered luxury brands (the Apple Watch, except for Hermès’ licensed adaptation, is not included). In contrast to the Watches market in the Consumer Market Insights Accessories market, handmade watches are included here.

Additional Information:

The shown market data are based on an analysis of the biggest luxury companies in the world. Accordingly, watches from smaller companies or artisanal production unaffiliated with the companies covered are not included. A complete list of all companies and brands covered can be found in the methodology description. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The key players in this segment are Swatch (Omega, Longines, Breguet, Rado and other brands), Richemont (Jaeger-LeCoultre, IWC, Piaget), LVMH (TAG Heuer, Hublot and other brands) and of course Rolex with its eponymous Rolex brand as well as Tudor.

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