Luxury Watches & Jewelry - Spain

  • Spain
  • In Spain, the revenue generated in the Luxury Watches & Jewelry market in 2024 amounts to €1.19bn.
  • It is projected that the market will experience an annual growth rate of 2.43% from 2024 to 2028 (CAGR 2024-2028).
  • When compared on a global scale, in China leads the way with a revenue of €23,090m in 2024.
  • In terms of per person revenues, in Spain, each individual generates €25.01 in 2024.
  • Spain's luxury watch market is experiencing a surge in demand as wealthy Spaniards seek high-end timepieces to showcase their status and style.

Key regions: Singapore, South Korea, Russia, United States, France

 
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Analyst Opinion

Hard luxury is a mainstay of the personal luxury goods industry and still accounts for a high share of sales, yet it has been characterized by relatively low growth in recent years due to an economic slowdown and changing consumption habits, especially in the Greater China region, which used to fuel global sales at the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook, Lao Feng Xiang, and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.

Methodology

The Luxury Watches & Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Watches & Jewelry industry.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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