Global luxury watches Market Insights, Size and Growth Forecast To 2027
The Global Luxury watches market is fuelling by the rise of new fashion trends, changing social status and psychological satisfaction. The global luxury watches market will show potential CAGR in the forecast period from 2020-2027. It is owing to the rising disposable income of the consumer, urbanization, and increasing fashion trends. Additionally, consumers are getting more influenced due to rising social media influencers, and many luxury brands have started promoting their products through bloggers, YouTubers, and other famous Bollywood actors. Thus, this influences the psychology of the person and further drives the demand for luxury watches in the market. Moreover, luxury watches are considered as a style statement and provide professional, sophisticated, and aesthetic appeal to the person. With increasing technology, wrist watches preferences have been changed from classic to mechanical watches. As it has many features other than only to view time, it can count seco...