Luxury Watch Market - United States
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 7.8 Billion
Market Size in 2033: USD 16.2 Billion
Market Growth Rate (CAGR) 2025-2033: 8.4%
According to IMARC Group's report titled "United States Luxury Watch Market Report and Forecast 2025-2033," the market reached USD 7.8 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.2 billion by 2033, exhibiting a growth rate (CAGR) of 8.4% during 2025-2033.
Download sample copy of the Report: https://www.imarcgroup.com/united-states-luxury-watch-market/requestsample
United States Luxury Watch Market Trends and Drivers:
-
The United States luxury watch market is witnessing steady expansion based on growth in disposable incomes, changing consumer tastes, and the enhanced popularity of luxury watches as investment options as well as symbols of status.
-
Essentially, high demand by millennials and Gen Z for luxury products, led by social media exposure and celebrity influencer endorsement, has strongly driven market growth.
-
Moreover, the return of classic and vintage watch designs has won over collectors and watch enthusiasts in general, spurring demand for traditional timepieces by famous watch houses.
-
Furthermore, greater digital and omnichannel retailing has brought luxury watches within reach instantly, as companies use online retail platforms and well-planned online launches to engage tech-forward buyers.
-
Apart from this, the secondary market for used luxury watches has grown considerably large, with platforms selling verified high-quality watches at reasonable prices, enhancing market liquidity and increasing customer base.
-
Likewise, growing demand for limited production and bespoke watches has prompted manufacturers to experiment with materials, artistry, and personalization opportunities, generating exclusivity that speaks to sophisticated customers.
-
Moreover, collectors and high net worth individuals are now viewing luxury watches as an alternative investment good, where the value of individual models appreciates over time, driving the prestige of the premium brand.
-
Sustainability trends are also on the upswing in the sector, with consumers preferring to use ethically sourced materials, eco-friendly production processes, and ethical business practices, which has led brands to adopt sustainable production processes.
-
Notably, innovation in watchmaking technology, such as hybrid smartwatches and advanced mechanical movements, is changing product lines and attracting traditionalists and tech-friendly consumers alike.
-
Strong brand history and craftsmanship are also key differentiators, as brands highlight heritage, legacy series, and mastery craftsmanship to preserve exclusivity and prestige.
-
Besides this, premium watch manufacturers are increasingly making their presence felt by adopting experiential marketing campaigns, luxury boutiques, and VIP reward loyalty programs for enhancing brand interaction and customer loyalty.
-
Finally, the new trend of presenting premium watches on important occasions and corporate rewards is also making them become more and more eternal symbols of success and sophistication, ensuring long-term demand in the new luxury industry scenario.
United States Luxury Watch Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest United States luxury watch market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Type Insights:
- Analog Watch
- Digital Watch
End User Insights:
- Women
- Men
- Unisex
Distribution Channel Insights:
- Online Stores
- Offline Stores
Regional Insights:
- Northeast
- Midwest
- South
- West
Request for customization: https://www.imarcgroup.com/request?type=report&id=9490&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145