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Global Luxury Watches Market Will Generate New Growth Opportunities by 2023
by Infinium · January 3 Authentic D.K. Metcalf Jersey , 2019

Our latest research report entitled Luxury Watches Market (by gender (men鈥檚 watches, women鈥檚 watches), by distribution channel (departmental stores, exclusive branded showrooms, online retailing, specialist retailers) Authentic Marquise Blair Jersey , by product type (mechanical, quartz)) provides complete and deep insights into the market dynamics and growth of Luxury Watches. Latest information on market risks, industry chain structure Luxury Watches cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Luxury Watches growth factors.

The forecast Luxury Watches Market information is based on the present market situation, growth opportunities, development factors Authentic L.J. Collier Jersey , and opinion of the industry experts. An in-depth analysis of the company profiles, Luxury Watches on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. Global luxury watches size is expected to exceed USD billion by 2023, growing at a CAGR of % over the period of 2017 鈥?2023. Luxury watches are high end watches that symbolizes the status or success of individuals. The attention to detail Authentic Michael Dickson Jersey , costly parts, craftsmanship, complex micro mechanisms, precision in time keeping and enticing designs make luxury watches stand apart among watches. Some of the luxury watches are so intricate that it require months of craftsmanship and top quality materials to manufacture those. Luxury watches have high resale value and it lasts for decades.聽 Hence, it is a sort of investment, similar to the gold Authentic Shaquem Griffin Jersey , due to the brand value of those watches. Some of the luxury watches are limited edition watches; hence the prestige and cost of those watches are high. Swiss made luxury watches hold high value in terms of brand and customer preference globally. Quartz watches have changed the luxury watches industry in a big way as it utilize electric motor, easier to manufacture, need lesser parts, and more precise than the conventional mechanical watches.聽 However, the use of gold and other high end materials make mechanical luxury watches pieces of luxury.

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Rolex SA Authentic Chris Carson Jersey , Swatch Group Ltd, Cie Fianciere Richemont SA and LVMH Moet Hennessy Louis Vuitton SA dominate the global luxury watches market. Excess inventory and sliding sales characterizes the current scenario of the market. The emerging fashion trends, rising per capita income in various countries and expansion of online retailing are the major factors that are anticipated to drive the growth of the global luxury watches market. Blending tradition with modern smart technology by some manufacturers is expected to enhance the growth of the global luxury watches in the near future. New products with smart technology introduced for women are expected to drive the growth of the market during the forecast period. High end smart watches are anticipated to become mainstream luxury watches in near future. Men鈥檚 luxury watch segment dominates the global luxury watches market as the share of the women鈥檚 segment came down significantly in the recent past and due to the economic downturn, the growth of the women segment is moderate. Moreover, women moving away from smaller watches to bigger dialed watches, unisex watches Authentic Russell Wilson Jersey , and smart watches and seeing it less as jewelry are some other factors that are influencing the moderate growth.

Brexit, uncertainties in European Union, elections in major countries, fluctuation in exchange rates, and change in migration policies are some factors that affected global luxury watches market. Sluggish economic growth in major economies affected the purchasing capacity of consumers and it hindered the sales of luxury watches. Significant slide in the tourists鈥?arrivals in Europe and other major countries hindered the growth of the global luxury watches market. Emergence of new technologies and emergence of alternative in smart watches are expected to be major restraints for the global luxury watches market. Over production and excess inventory in Switzerland are major factors that restrain the growth of the market, as most of the top luxury watch manufacturers are based there.聽 The high cost of the watches and presence of counterfeit watches are major challenges of the global luxury watches market. Emerging markets are expected to provide opportunities for the major players in the global luxury watches market to export Cheap Ugo Amadi Jersey , to cater the untapped markets with economic prosperity.

Segments Covered


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The companies covered in the report include manufacturers of global luxury watches market include Audemars Piguet , Cie Fianciere Richemont SA, Citizen, Dinh Van, Dolce & Gabbana Cheap Gary Jennings Jr. Jersey , Giorgio Armani,聽 Hennessy Louis Vuitton SA, LVMH Moet, Movado, Patek Phil