PUBLISHER: Grand View Research | PRODUCT CODE: 1869975
PUBLISHER: Grand View Research | PRODUCT CODE: 1869975
The global mechanical watch market size was estimated at USD 45.57 billion in 2024 and is projected to reach USD 67.28 billion by 2033, growing at a CAGR of 4.5% from 2025 to 2033. Rising consumer demand for luxury, craftsmanship, and status-symbol timepieces supports this growth.
This growth is fueled by its enduring allure of intricate engineering, timeless design, and artisanal excellence. Manufacturers leverage the perception of sophistication and durability, enabling premium pricing and brand prestige. This appeal resonates with seasoned collectors in established markets and aspirational buyers in emerging regions, ensuring steady demand and reinforcing the market's position as a symbol of craftsmanship and luxury.
Consumers, especially in North America, Europe, and APAC, increasingly value products that signify status and craftsmanship. With their intricate movements and heritage branding, mechanical watches are seen as collectibles rather than mere timekeeping tools. Limited-edition releases, collaborations with luxury fashion brands, and bespoke customization options create hype and drive sales, particularly among millennials and Gen Z buyers who view these watches as investment pieces and lifestyle statements. A May 2025 article by Chrono24 reports that over one-third of Gen Z either already own a high-quality watch or plan to purchase one.
Mechanical watches are increasingly treated as assets rather than just accessories. The secondary market for pre-owned and vintage watches is booming, with brands like Rolex, Patek Philippe, and Audemars Piguet commanding significant premiums. Watch auctions, and social media communities foster a culture of collecting and trading, encouraging both first-time buyers and seasoned collectors to participate in the market. This trend reinforces brand value and drives continuous demand for new models with limited availability. For instance, in June 2024, Audemars Piguet introduced a new watch batch that blends heritage and innovation. Key highlights include the [RE]Master02 Self-winding, a modern take on a 1960s asymmetric model with an 18-carat sand gold case and midnight blue dial, the Royal Oak Selfwinding Full Gemset featuring 861 baguette-cut gemstones in pixelated camouflage patterns.
While established markets like Europe and North America remain strong, rising disposable incomes in countries such as China, India, and the Middle East drive demand for premium watches. E-commerce, digital marketing, and brand-owned online stores have made these products more accessible, allowing consumers in previously underserved regions to explore and purchase mechanical watches directly from renowned brands.
Global Mechanical Watch Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global mechanical watch market report based on price, end user, distribution channel, and region: