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PUBLISHER: Grand View Research | PRODUCT CODE: 1405933
PUBLISHER: Grand View Research | PRODUCT CODE: 1405933
Pre-owned Luxury Watches Market Size, Share & Trends Analysis Report By Type (Automatic, Manual), By Distribution Channel (Online, Offline), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), & Segment Forecasts, 2024-2030
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Pre-owned Luxury Watches Market Growth & Trends:
The global pre-owned luxury watches market is expected to reach USD 45.01 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The attraction of possessing a pre-owned luxury watch at a fraction of the cost of a new one is a significant factor driving the growth of the market. Renowned high-end watch brands possess an enduring charm and acquiring a second-hand luxury watch enables individuals to relish the prestige and craftsmanship linked with these brands without the significant financial outlay. Consequently, consumers can fulfill their aspirations without straining their finances, making affordability a powerful driving force for purchasers in the market.
The growing trend of collecting and investing in luxury watches has boosted the market. Collectors and enthusiasts see these watches not only as stylish accessories but also as valuable assets. Some vintage or limited-edition watches appreciate value over time, making them attractive investment opportunities. This has attracted a diverse group of buyers, from watch aficionados to investors, further stimulating demand in the pre-owned luxury watches market.
The growth of online marketplaces and dedicated platforms for buying and selling pre-owned luxury watches has further fueled this market. The internet has made it easier for buyers and sellers to connect, offering a vast selection of watches from various brands, styles, and eras. Online marketplaces provide a level of transparency and trust through authentication processes and guarantees, mitigating concerns about counterfeit products. This ease of access and increased trust in online transactions has significantly contributed to the market's expansion.
However, in the luxury watch market, ethnicity and trust play a pivotal role, with offline channels offering customers a heightened sense of security and confidence. The ability to physically examine timepieces, engage with well-informed sales personnel, and potentially authenticate the watch in person substantially diminishes the uncertainties linked to acquiring expensive, pre-owned luxury watches.
In December 2022, Rolex announced that it would certify and sell second-hand Rolex watches through its authorized retailers, aiming to eliminate the need for buyers to approach grey market dealers. This move was aimed to provide customers with a better buying experience and limit sales in the grey market.
Pre-owned Luxury Watches Market Report Highlights:
- The automatic type held a market share of 66.2% in 2023. Automatic watches are renowned primarily for their intricate craftsmanship and rich heritage. Many luxury watchmakers have a long history of horological excellence, and collectors appreciate the artistry and tradition that come with owning a pre-owned timepiece.
- The online distribution channel is projected to grow at a CAGR of 9.9% from 2024 to 2030. Consumers are increasingly comfortable with online shopping, and the convenience of browsing, comparing, and purchasing luxury watches from the comfort of their own homes has fueled the growth of online channels.
- The Asia Pacific region is projected to grow at a CAGR of 10.9% from 2024 to 2030.The Asia Pacific region, particularly countries like China and India, has seen a rapid rise in the number of affluent consumers. As disposable incomes increase, more individuals look for ways to showcase their wealth and status, and luxury watches have become a popular choice.
Product Code: GVR-4-68040-161-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
Chapter 3. Pre-owned Luxury Watches Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis- Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Key Observations & Findings
Chapter 5. Pre-owned Luxury Watches Market: Type Range Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Automatic
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3. Manual
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Pre-owned Luxury Watches Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 6.2. Online
- 6.2.1. Online market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3. Offline
- 6.3.1. Offline market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Pre-owned Luxury Watches Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.3.8. Switzerland
- 7.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.3.8.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.7. Australia
- 7.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.4.8. Singapore
- 7.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2023 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. List of key companies analyzed in this section include:
- 8.9.1. Chrono24
- 8.9.2. WatchBox
- 8.9.3. eBay Inc.
- 8.9.4. Bob's Watches
- 8.9.5. Crown & Caliber
- 8.9.6. Watchfinder & Co
- 8.9.7. TrueFacet, LLC
- 8.9.8. Govberg
- 8.9.9. The Watch Club
- 8.9.10. Watches of Switzerland
Product Code: GVR-4-68040-161-5
List of Tables
- Table 1 Pre-owned luxury watches - Driving factor market analysis
- Table 2 Pre-owned luxury watches - Restraint factor market analysis
- Table 3 Pre-owned luxury watches estimates & forecast, by Type (USD Million)
- Table 5 Pre-owned luxury watches estimates & forecast, by distribution channel (USD Million)
- Table 6 U.S. macro-economic outlay
- Table 7 Canada macro-economic outlay
- Table 8 Mexico macro-economic outlay
- Table 9 U.K. macro-economic outlay
- Table 10 Germany macro-economic outlay
- Table 11 France macro-economic outlay
- Table 12 Italy macro-economic outlay
- Table 13 Switzerland macro-economic outlay
- Table 14 Japan macro-economic outlay
- Table 15 India macro-economic outlay
- Table 16 China macro-economic outlay
- Table 17 Australia macro-economic outlay
- Table 18 Singapore macro-economic outlay
- Table 19 Brazil macro-economic outlay
- Table 20 UAE macro-economic outlay
- Table 20 Saudi Arabia macro-economic outlay
- Table 21 Recent developments & impact analysis, by key market participants
- Table 22 Company brand share, 2023 (value % Share)
- Table 22 Company market share, 2023 (value % Share)
- Table 23 Company Heat Map Analysis
- Table 24 Companies undergoing product launches
- Table 25 Companies undergoing collaborations and partnerships
- Table 26 Companies undergoing other strategies
List of Figures
- Fig. 1 Market snapshot, 2023
- Fig. 2 Market segmentation & scope
- Fig. 3 Pre - owned luxury watches market value chain analysis
- Fig. 4 North America sales analysis, 2018 - 2030 (USD Billion)
- Fig. 5 Europe sales analysis, 2018 - 2030 (USD Billion)
- Fig. 6 Asia Pacific sales analysis, 2018 - 2030 (USD Billion)
- Fig. 7 Central & South America sales analysis, 2018 - 2030 (USD Billion)
- Fig. 8 Middle East & Africa sales analysis, 2018 - 2030 (USD Billion)
- Fig. 9 North America pricing analysis, 2018 - 2030 (Billion)
- Fig. 10 Europe pricing analysis, 2018 - 2030 (Billion)
- Fig. 11 Asia Pacific pricing analysis, 2018 - 2030 (Billion)
- Fig. 12 Central & South America pricing analysis, 2018 - 2030 (Billion)
- Fig. 13 Middle East & Africa pricing analysis, 2018 - 2030 (Billion)
- Fig. 14 Pre - Owned luxury watches market: Type movement analysis, 2023 & 2030 (%)
- Fig. 15 Pre - Owned luxury watches market: Distribution channel movement analysis, 2023 & 2030 (%)
- Fig. 16 Pre - Owned luxury watches market: Regional movement analysis, 2023 & 2030 (%)
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