Luxury Watch Market Set to Witness Strong Growth Driven by Premiumization and Digital Influence

The global Luxury Watch market is experiencing robust growth, driven by rising disposable incomes, changing consumer lifestyles, and the growing preference for premium timepieces. Valued at USD 62.4 billion in 2024, the market is projected to reach USD 93.7 billion by 2032, growing at a CAGR of 5.3% during the forecast period. Increasing demand for craftsmanship, exclusivity, and status-symbol products is shaping trends in the luxury watch segment across North America, Europe, and Asia-Pacific.

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