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    Luxury Watch

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    wingold2008
    The document summarizes key insights about the luxury watch market in China. It discusses that the Chinese watches market is projected to generate $17.80 billion in revenue by 2023 and experience an annual growth rate of 5.73% through 2027. It also outlines some of the major luxury watch groups in Europe and Asia and notes that brands like Rolex, Patek Philippe, and Audemars Piguet have established strong presences in China by appealing to status and prestige. Around 67% of watch sales are expected to come from luxury goods in China.

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    Luxury Watch

    Uploaded by

    wingold2008
    84 views7 pages
    The document summarizes key insights about the luxury watch market in China. It discusses that the Chinese watches market is projected to generate $17.80 billion in revenue by 2023 and experience an annual growth rate of 5.73% through 2027. It also outlines some of the major luxury watch groups in Europe and Asia and notes that brands like Rolex, Patek Philippe, and Audemars Piguet have established strong presences in China by appealing to status and prestige. Around 67% of watch sales are expected to come from luxury goods in China.

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    The document summarizes key insights about the luxury watch market in China. It discusses that the Chinese watches market is projected to generate $17.80 billion in revenue by 2023 and experience an annual growth rate of 5.73% through 2027. It also outlines some of the major luxury watch groups in Europe and Asia and notes that brands like Rolex, Patek Philippe, and Audemars Piguet have established strong presences in China by appealing to status and prestige. Around 67% of watch sales are expected to come from luxury goods in China.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    84 views7 pages

    Luxury Watch

    Uploaded by

    wingold2008
    The document summarizes key insights about the luxury watch market in China. It discusses that the Chinese watches market is projected to generate $17.80 billion in revenue by 2023 and experience an annual growth rate of 5.73% through 2027. It also outlines some of the major luxury watch groups in Europe and Asia and notes that brands like Rolex, Patek Philippe, and Audemars Piguet have established strong presences in China by appealing to status and prestige. Around 67% of watch sales are expected to come from luxury goods in China.

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    © All Rights Reserved
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    You are on page 1of 7

    Watch industry

    insight
    • Luxury watch market
    • About Vacheron Constantin
    • Luxury watch in China
    • Consumer in insight

    1
    China watch market

    In China, the Watches market


    is projected to generate a
    revenue of US$17.80bn in
    2023.

    This market is expected to


    experience an annual growth
    rate of 5.73% from 2023 to
    2027 (CAGR 2023-2027).

    2
    Luxury watch key player
    Who are the global key players?
    In Europe, the major groups are:

    RICHEMONT: A. Lange & Söhne, Baume &


    Mercier, Cartier, IWC Schaffhausen, Jaeger-
    LeCoultre, Montblanc, Officine Panerai, Piaget,
    Roger Dubuis, Vacheron Constantin, Van Cleef
    & Arpels
    SWATCH Group: Blancpain, Breguet, Certina,
    Glashütte Original, Hamilton, Harry Winston,
    Jaquet Droz, Longines, Mido, Omega, Rado,
    Swatch, Tissot, Union Glashütte
    LVMH Moet Hennessy: Bvlgari, Hublot, TAG
    Heuer, Zenith
    KERING: Girard-Perregaux, JeanRichard,
    Ulysse Nardin

    In Asia, the two major groups are:

    The Citizen Watch Group: Alpina, Arnold &


    Son, Bulova, Citizen, Frédérique Constant

    The Seiko Group: Credor, Grand Seiko, Orient,


    Seiko

    3
    Key player in China

    Luxury watches have gained


    significant popularity in China,
    particularly among the growing
    middle class. Brands like
    Rolex, Patek Philippe, and
    Audemars Piguet have gained
    traction and established a
    strong presence across the
    country. These timepieces are
    often seen as symbols of status,
    prestige, and craftsmanship,
    appealing to both men and
    women.

    4
    Luxury revenue share

    Around 67% of sales in the


    Watches segment are expected
    to come from Luxury goods.
    This suggests a promising
    growth trajectory for the
    luxury watch market.

    5
    China Luxury watch market

    In China, the Watches market


    is projected to generate a
    revenue of US$17.80bn in
    2023.

    6
    Appendix
    Appendix

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