The global luxury watch market is anticipated to grow at a considerable CAGR of 4.08% during the forecast period. Innovation of Luxury smart watches is the major driving factor that can generate more demand in the market. A Smart watch makes it easier for people to keep track of their physical and digital life while serving as a serviceable extension to the smartphone. The watch itself can track simple fitness activities, like steps and calories, and even measures sleep patterns when required. Smart watches are also designed to reduce the need for smartphones on every trivial task too. For instance, in, January 2022, Tambour Horizon Light Up, a third-generation watch, was introduced by Louis Vuitton. It was a highly technical device with the impressive specifications that one would expect from a luxury smart watch. Louis Vuitton has also created a new operating system from scratch to provide a highly intuitive and user-friendly experience. The watch is water-resistant up to 30 meters and includes features such as 'My Day,' which includes an agenda, weather, step count, heart rate, and even air quality displays. The Tambour Horizon line includes a heart-monitor for the first time, as well as push buttons on both sides of the crown to increase functionality. It also has an all-day battery with four power usages.
Browse the full report description of “Luxury Watch Market Size, Share & Trends Analysis Report by Product Type(Mechanical And Electrical), By End-User (Men and Women) And By Distribution Channel (Online and offline) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/luxury-watch-market
Additionally, in September 2019, Garmin, the US-based smart watches company, launched six new smart watches in India under its premium luxury watch collection The MARQ. Variants include the MARQ Driver, MARQ Athlete, MARQ Aviator, MARQ Captain, and MARQ Expedition. The smart watches have a sunlight-readable display with GPS capabilities, built-in music storage, smart notifications, daily activity tracking, a heart rate and Pulse Ox2 sensor, and a heart rate and Pulse Ox2 sensor.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By End-User
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape
• Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Luxury Watch Market Report Segment
By Product Type
By End-User
By Distribution Channel
Global Luxury Watch Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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