Revenue in the luxury watches segment of the luxury goods market Worldwide 2019-2029

Published by Statista Research Department, Oct 10, 2024

The global revenue in the 'Luxury Watches' segment of the luxury goods market was forecast to continuously increase between 2024 and 2029 by in total 16 billion U.S. dollars (+21.93 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 88.96 billion U.S. dollars and therefore a new peak in 2029.

Find more key insights for the revenue in countries and regions like the revenue in the 'Luxury Watches & Jewelry' segment of the luxury goods market in Central & Western Europe and the revenue in the 'Luxury Fashion' segment of the luxury goods market in the United Kingdom.

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

Revenue in the luxury watches segment of the luxury goods market Worldwide from 2019 to 2029 (in billion 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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