KD Market Insights has published a report on global Pre-owned Luxury Watches market research report. The report offers valuable market insights drivers which would aid the industry leaders to develop and line up their market strategies supported by reliable and accurate data. According to KD Market Insights report, the global pre-owned luxury watches market was held for USD 19,042.2 million in 2019. Further, the market is expected to reach to a valuation of USD 37,013.8 million by the end of 2024. Moreover, the market is expected to grow at a compound annual growth rate (CAGR) of 11.5% during the forecast period i.e. 2020-2024. The report covers a detailed chapter on market segmentation of Pre-owned Luxury Watches market covering market segments by movement type, demography and distribution channnel.
The report offers an exhaustive analysis of the market trends, opportunities, growth areas and industry drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Growth Drivers & Barriers
Buying and owning pre-owned luxury watches is more of a common thing these days as consumers are hesitating to spend premium for watches. Also, there is also a very strong demand for vintage watches, scarce models, one-of-a-kind designs and watches with a special history. Stores that are offering pre-owned luxury watches are assuring their product’s authenticity and are offering these watches at great discounted price. Such cost benefits of purchasing pre-owned luxury watches are likely to boost the growth of this segment in upcoming years.
Advantages of second-hand luxury watch as compared to brand new luxury watch such as low price, easy sourcing such as buying from e-commerce websites are also believed to positively impact the growth of market. Various consumers prefer to buy products from online retailer of luxury goods owing to the convenience of shopping from home.
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By Movement Type
By Distribution Channel
– Online Stores
– Offline Stores
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This research report studied the Pre-owned Luxury Watches market to forecast the revenues and analyze the trends in 5 regions i.e. North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This chapter of the report presents a comparison between emerging regions and developed regions to highlight the key factors and industry trends impacting the overall Pre-owned Luxury Watches market. Country analysis is also covered for various major economies across various regions:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
This study evaluates and categorizes the key vendors in the Pre-owned Luxury Watches market. The key companies published in the report include among others,
– The RealReal, Inc.
– The Luxury Closet
– Vestiaire Collective
– Fashion Phile
– Style Tribute
– Collector square
– Chrono24 GmbH
– Other Prominent Players
The competitive strategic window analyses the competitive landscape in terms of the market share and company profiles of major vendors. This section provides company’s metrics such as business strategy and performance such as financials, sales breakup by segment and by geography, SWOT Analysis, company snapshot, business strategy, key product offerings, marketing and distribution strategies, recent news & development and other market activities.
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