India Luxury Watch Market Growth Analysis, Size, Trends and Forecast 2025–2033
- Ruby Arora
- Jul 3
- 3 min read
Luxury Watch Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 1.6 Billion
Market Size in 2033: USD 2.8 Billion
Market Growth Rate (CAGR) 2025-2033: 5.7%
According to IMARC Group's report titled "India Luxury Watch Market Report and Forecast 2025-2033," the market reached USD 1.6 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.8 billion by 2033, exhibiting a growth rate (CAGR) of 5.7% during 2025-2033.
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India Luxury Watch Market Trends and Drivers:
India luxury watch market is witnessing strong growth driven by evolving consumer ambitions, increased income levels, and the increasing sway of international fashion trends among aspirational and high-net-worth consumers.
In essence, the increasing need for high-priced personal accessories as symbols of status is fueling demand for luxury watches among working professionals, celebrities, and HNWIs.
Moreover, expansion of luxury watch brand penetration into high-end stores and e-commerce sites as well as high-end retail traffic growth has increased brand awareness and access to consumers in next-generation cities and key metros.
Other than that, foreign travel, global lifestyles' social media exposure, as well as online content, are shaping lifestyles towards limited editions and iconic brands, further driving market demand.
Additionally, the shift from mass-gifting to high-end, customized purchases is creating opportunities for brands to tap into young consumers seeking craftsmanship, innovation, and uniqueness.
Additionally, growing interest in luxury watches as collectibles and investment pieces is attracting watch collectors and connoisseurs alike.
Moreover, strategic collaborations among celebrities or sports personalities, fashion companies, and watchmakers are making brands more aspirational and desirable purchasing drivers.
Moreover, technology-driven innovation in watchmaking, for instance, hybrid watches that combine mechanical design with intelligence, is appealing to a fashion-conscious and technologically conscious consumer base.
Moreover, the increasing focus on authenticity of products and provenance is inducing the creation of certified pre-owned luxury watch segments by structured players and online resale sites.
Apart from this, airport and duty-free stores are becoming more significant sales points since international travel among Indian consumers is on the rise.
Apart from this, personalized ad campaigns, tailored customer experiences, and after-sales services are helping businesses foster loyalty in a competitive market.
Apart from this, providing EMI facilities, finance options, and loyalty reward schemes is making luxury watches affordable for the upper-middle-class segment.
Overall, luxury brand familiarity growth, luxury culture acceptance, technological progress, India's young generation, and high-net-worth consumers' aspirational influence are collectively reshaping the Indian luxury watch market into a dynamic and fast-evolving premium lifestyle environment.
India Luxury Watch Industry Segmentation:
We explore the factors propelling the India luxury watch market growth, including technological advancements, consumer behaviors, and regulatory changes. Analysis by Type:
Analog Watch
Digital Watch
Analysis by End User:
Women
Men
Unisex
Analysis by Distribution Channel:
Online Stores
Offline Stores
Regional Analysis:
South India
North India
West & Central India
East India
Request for customization: https://www.imarcgroup.com/request?type=report&id=9674&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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Email: sales@imarcgroup.com
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