Luxury Watches - Belgium

  • Belgium
  • in Belgium, a country known for its rich history and cultural heritage, is also a significant player in the Luxury Watches market.
  • In 2024, the revenue in this segment amounted to a substantial US$284.30m units of currency.
  • Looking ahead, the market is projected to experience an annual growth rate of 2.86% (CAGR 2024-2028).
  • When compared globally, it is noteworthy that in China leads the pack in terms of revenue generation in the Luxury Watches market.
  • In 2024, in China reported an impressive revenue of US$11,120m units of currency.
  • To gain a better perspective, it is important to consider the per capita revenue figures.
  • In 2024, in Belgium witnessed a per person revenue of US$24.26 units of currency.
  • This indicates the level of spending on luxury watches relative to the country's population.
  • Belgium's luxury watch market showcases a preference for traditional and timeless designs, with a strong emphasis on craftsmanship and heritage brands.

Key regions: India, United Kingdom, Japan, Singapore, United States

Region comparison

Analyst Opinion

eCommerce sales have high growth potential, yet they are comparatively underdeveloped in the Luxury Watches segment. The industry has been slow to embrace this sales channel out of an aversion to the high visibility on platforms whose content brands cannot completely control and because of an unwillingness to disrupt the well-functioning distribution structure, which still relies heavily on independent retailers and department stores. Instead, this digital space has been explored by design-focused online-only start-up brands in the mid-market to entry-level luxury region, which use the benefits of social media marketing. An example of this is Sweden’s Daniel Wellington.


The Luxury Watches 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 industry.


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