Middle East Luxury Watches Market Anticipated to Reach USD 510.0 Million by 2025

Posted on 2018-08-28 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Aug-28 — /EPR Network/ —According to Goldstein Research, Middle East luxury watches market is expected to reach USD 510.0 million by 2017, at a compounded annual growth rate of 6.5% over the forecast period 2017-2025. Luxury watches market of Middle East is driven by the factors such as high disposable income of the people, large number of tourists in the region and rapid urbanization in the countries. Middle East luxury watches market segmentation has been carried out on the basis of product type, end-users, distribution channel and geography. Based on distribution channel of luxury watches, offline channel segment accounted for more than 85.0% market share in 2017.

Middle East luxury watches market is majorly driven by UAE with more than 30.0% market share, followed by GCC countries luxury watches market share that are growing at fastest rate due to highest per capita expenditure on the luxury goods.

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Market Segmentation

On the basis of our in-depth analysis, Middle East Luxury Watches Market can be segmented as follows:

By Product Type

Analog Watches
Quartz
Mechanical
Digital/Smart Watches

By End Users

Men
Women

By Distribution Channels

Online Channel
Offline Channels (Flagship Stores Etc.)

By Country

Kingdom of Saudi Arabia (KSA) {Market Share (%), Market Size (USD million)}
United Arab Emirates (UAE) {Market Share (%), Market Size (USD million)}
Qatar {Market Share (%), Market Size (USD million)}
Oman {Market Share (%), Market Size (USD million)}
Kuwait {Market Share (%), Market Size (USD million)}
Bahrain {Market Share (%), Market Size (USD million)}
Jordan {Market Share (%), Market Size (USD million)}
Rest of Middle East {Market Share (%), Market Size (USD million)}

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“Middle East Luxury Watches Market Outlook 2025”contains detailed overview of the Middle East luxury watches market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, end-users and distribution channel.

Further, for the in-depth analysis, Middle East Luxury Watches Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Rolex SA, Prada S.p.A, LVMH, Richemont, Swatch Group, Omega SA, Franck Muller, Patek Philippe & Co and Giorgio Armani S.P.A.,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Middle East luxury watches market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Middle East Luxury Watches Report

What is the Middle East Luxury Watches Market Size by 2025 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
What are the luxury watches market trends?
What are the factors which are driving this industry?
What are the major barriers to luxury watches industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?

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