Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the revenue reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Luxury Watches, which has the highest value of 18.01 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
Watches and Jewelry are usually referred to as “hard luxury” to differentiate them from fashion and accessories, which are made from comparatively “soft” materials.
The overall definition of this segment follows broadly the Consumer Market Outlook’s Watches and Jewelry segment in the Accessories market, while here only sales of luxury brands are considered, and consequently, trend watches and fashion jewelry are excluded. Another difference is that luxury watches include hand-made watches that are not included in the Accessories market of the Consumer Market Outlook.
The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, watches and jewelry from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.
The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.
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 had fueled global sales in the beginning of the decade.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Market Insights. (September 12, 2024). Revenue in the Luxury Watches & Jewelry market for different segments United States from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/forecasts/1443069/revenue-luxury-watches-jewelry-market-for-different-segments-united-states
Statista Market Insights. "Revenue in the Luxury Watches & Jewelry market for different segments United States from 2019 to 2029 (in billion U.S. dollars)." Chart. September 12, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/forecasts/1443069/revenue-luxury-watches-jewelry-market-for-different-segments-united-states
Statista Market Insights. (2024). Revenue in the Luxury Watches & Jewelry market for different segments United States from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/forecasts/1443069/revenue-luxury-watches-jewelry-market-for-different-segments-united-states
Statista Market Insights. "Revenue in The Luxury Watches & Jewelry Market for Different Segments United States from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Sep 2024, https://www.statista.com/forecasts/1443069/revenue-luxury-watches-jewelry-market-for-different-segments-united-states
Statista Market Insights, Revenue in the Luxury Watches & Jewelry market for different segments United States from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1443069/revenue-luxury-watches-jewelry-market-for-different-segments-united-states (last visited October 06, 2024)
Revenue in the Luxury Watches & Jewelry market for different segments United States from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, September 12, 2024. [Online]. Available: https://www.statista.com/forecasts/1443069/revenue-luxury-watches-jewelry-market-for-different-segments-united-states