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.   

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.            

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Market Coverage

The market number available for – 2023-2030
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Product Type
By End-User
By Distribution Channel

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape 

A full Report of Luxury Watch Market is Available @  https://www.omrglobal.com/industry-reports/luxury-watch-market

Luxury Watch Market Report Segment

By Product Type 

Mechanical
Electronic

By End-User 

Men
Women

By Distribution Channel

Online
Offline

Luxury Watch Market Report Segment by Region

North America                                                                                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Apple Inc.
The Swatch Group Ltd
Audemars Piguet
Fossil Group
Seiko Watch Corporation
Louis Vuitton Malletier SAS
Movado Group Inc.
Ralph Lauren Corp.
Citizen Watch Co. Ltd
Movado Group, Inc
Rolex SA
Compagnie Financière Richemont SA
PATEK PHILIPPE SA
Michael Spiers.
Christopher Ward London Ltd.
Boston & Stewill
Golden Tree Jewellers 

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Over 100+ paid data sources mined for investigation.
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