Luxury Watches & Jewelry - Netherlands

Netherlands

In the Netherlands, the revenue generated in the Luxury Watches & Jewelry market is projected to reach US$616.00m in 2024.
According to market forecasts, this sector is expected to grow at an annual rate of 4.57% (CAGR 2024-2028).
When comparing this figure on a global scale, it is worth noting that the highest revenue is generated in China, which is estimated to reach US$25,250m in 2024.
In terms of per capita revenue, in the Netherlands is projected to generate US$34.86 per person in 2024.
Luxury watch and jewelry sales in the Netherlands are thriving due to the country's affluent population and appreciation for high-end craftsmanship.

Key regions: United Kingdom, China, France, South Korea, Japan

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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.