Pre-owned Luxury Watches Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Automatic, Manual), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 23.87 Billion

CAGR (2024-2029)

9.3%

Fastest Growing Segment

Online

Largest Market

North America

Market Size (2029)

USD 40.65 Billion

Market Overview

The Global Pre-owned Luxury Watches Market was valued at USD 23.87 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.3% through 2029. The global pre-owned luxury watches market has witnessed significant growth in recent years, driven by a combination of factors such as changing consumer preferences, the appeal of owning prestigious timepieces at more affordable prices, and the rise of online platforms dedicated to the buying and selling of second-hand luxury watches. This market has become increasingly popular among consumers who seek to own high-end watches from renowned brands like Rolex, Patek Philippe, and Audemars Piguet without the hefty price tag associated with new purchases. The pre-owned luxury watches market also benefits from the sustainability trend, as consumers are increasingly conscious of the environmental impact of their purchases and view buying pre-owned watches as a more eco-friendly option compared to the production of new ones.

Furthermore, the emergence of dedicated online platforms and marketplaces has played a pivotal role in shaping the dynamics of the global pre-owned luxury watches market. These platforms provide a convenient and transparent way for buyers and sellers to connect, facilitating transactions and building trust through authentication processes and detailed product information. With the growing acceptance of pre-owned luxury watches as a smart investment and a fashion statement, the market is poised for continued expansion, offering both consumers and enthusiasts a broader range of choices and contributing to the circular economy in the luxury goods sector.

Market Drivers

Affordability and Value Retention

The allure of pre-owned luxury watches lies in their affordability compared to their brand-new counterparts. Luxury watches are known for their craftsmanship and durability, making them durable assets that retain value over time. As consumers become more financially conscious, the pre-owned market presents an attractive proposition. Buyers can acquire high-quality, authentic luxury watches at a lower price point, often significantly less than the original retail price. Moreover, the perception that luxury watches are investments that can appreciate in value over time adds to the appeal. This financial aspect, coupled with the intrinsic value of owning a prestigious timepiece, positions pre-owned luxury watches as an attractive option for both seasoned collectors and first-time buyers.

Online Platforms and Marketplaces

The advent of digital platforms and online marketplaces has revolutionized the pre-owned luxury watches market. E-commerce platforms dedicated to the buying and selling of second-hand watches have streamlined the process, making it more accessible and transparent. These platforms often offer authentication services, detailed product descriptions, and high-resolution images, providing consumers with the confidence to make informed purchases. The online marketplaces also connect a global community of buyers and sellers, expanding the reach of pre-owned luxury watches beyond geographical boundaries. The convenience and ease of transaction afforded by these platforms have played a pivotal role in boosting the market, fostering trust among consumers and making the entire process more efficient.

Sustainability and Environmental Consciousness

The growing emphasis on sustainability and environmental consciousness is a significant driver of the pre-owned luxury watches market. As consumers become more aware of the ecological impact of their choices, there is a shift towards embracing sustainable practices. Buying pre-owned luxury watches aligns with this trend, as it promotes the reuse of existing resources and reduces the demand for new production. Sustainable consumption is not only a statement about environmental responsibility but also a lifestyle choice. Pre-owned luxury watches, with their timeless designs and enduring craftsmanship, embody the essence of sustainable luxury. Consumers are increasingly drawn to the idea of contributing to a circular economy by extending the lifecycle of these watches, making them an integral part of the sustainable luxury movement.

Rise of the Circular Economy in Luxury Goods

The concept of a circular economy, which prioritizes recycling, refurbishing, and reusing products, is gaining traction in the luxury goods sector. This shift challenges the traditional linear model of production and consumption, encouraging brands and consumers to embrace a more sustainable approach. In the context of pre-owned luxury watches, the circular economy is reflected in the resale and repurposing of timepieces. Brands are recognizing the value of supporting the secondary market, often collaborating with online platforms or establishing their own certified pre-owned programs. This not only adds a new revenue stream for luxury brands but also reinforces their commitment to sustainability. As the circular economy gains momentum, consumers are increasingly inclined to participate in this ecosystem, contributing to the longevity and relevance of pre-owned luxury watches in the global market.


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Key Market Challenges

Counterfeiting and Authentication Concerns

One of the primary challenges in the pre-owned luxury watches market is the prevalence of counterfeit products and the associated concerns regarding authentication. Counterfeit watches can closely mimic the appearance of genuine luxury timepieces, deceiving buyers who may end up with an inauthentic product. This not only results in financial losses for consumers but also undermines the credibility of the entire pre-owned market. Authentication becomes a critical issue, and establishing trust between buyers and sellers is paramount. To address this challenge, reputable online platforms and sellers often invest in rigorous authentication processes, certifications, and partnerships with experts to ensure the legitimacy of the watches they offer. However, the constant evolution of counterfeit techniques poses an ongoing challenge for maintaining the integrity of the pre-owned luxury watches market.

Market Fragmentation and Lack of Standardization

The pre-owned luxury watches market is characterized by its fragmentation and lack of standardized practices. Unlike the new luxury watch market, where brands adhere to established pricing structures and retail networks, the pre-owned market is diverse, with numerous sellers operating independently. This diversity can lead to inconsistencies in pricing, product descriptions, and authentication procedures. The absence of standardized guidelines for grading the condition of pre-owned watches further complicates the buying process. Buyers may encounter challenges in comparing similar models across different platforms, making it difficult to make informed purchasing decisions. Efforts to establish industry-wide standards for grading, pricing, and authentication would enhance transparency and build confidence among consumers, but achieving consensus in a decentralized market poses a considerable challenge.

Erosion of Brand Image and Exclusivity

The rise of the pre-owned luxury watches market presents a challenge for brands in maintaining their perceived exclusivity and brand image. Luxury watchmakers invest heavily in marketing their products as symbols of prestige, craftsmanship, and exclusivity. However, the availability of pre-owned watches, often at more affordable prices, can dilute the aura of exclusivity associated with these brands. Consumers may opt for pre-owned watches rather than purchasing new ones, potentially impacting the sales and brand positioning of luxury watchmakers. To address this challenge, some brands have ventured into the pre-owned market themselves, establishing certified pre-owned programs. These initiatives aim to control the resale of their products, maintain quality standards, and ensure that the pre-owned market complements rather than undermines their brand image.

Online Security and Privacy Concerns

The increasing reliance on online platforms for buying and selling pre-owned luxury watches introduces challenges related to online security and privacy. Consumers need to share sensitive information, including payment details and personal data, when engaging in transactions on digital platforms. The risk of data breaches, identity theft, and fraudulent activities is a significant concern that can deter potential buyers. Additionally, sellers may face challenges in protecting their inventory from cyber threats. Robust cybersecurity measures, secure payment gateways, and transparent privacy policies are essential for building trust in the online pre-owned luxury watches market. However, adapting to evolving cybersecurity threats and ensuring compliance with data protection regulations represent ongoing challenges for market participants.

Key Market Trends

Rise of Online Marketplaces and E-commerce Platforms

An increasingly significant trend in the pre-owned luxury watches market is the surge in popularity of online marketplaces and e-commerce platforms dedicated to luxury timepieces. These platforms have become go-to destinations for buyers and sellers, offering a convenient and efficient way to transact. Online marketplaces provide a global reach, connecting buyers with a diverse range of pre-owned luxury watches, irrespective of geographical locations. The rise of these platforms is driven by factors such as enhanced authentication processes, detailed product descriptions, high-resolution images, and secure payment options, which collectively contribute to building trust among consumers. The convenience of browsing through an extensive collection and making purchases with just a few clicks has made online platforms a dominant force in shaping the pre-owned luxury watches market.

Sustainability and Ethical Consumption

The trend towards sustainability and ethical consumption is gaining momentum across various industries, and the pre-owned luxury watches market is no exception. Consumers are becoming increasingly conscious of the environmental impact of their purchases and are seeking ways to align their buying behaviors with sustainable practices. The purchase of pre-owned luxury watches is perceived as a sustainable choice, contributing to the circular economy by extending the lifecycle of these timepieces. The resale and repurposing of pre-owned watches resonate with consumers who value responsible consumption and seek to minimize their ecological footprint. Brands are also recognizing the importance of sustainability, with some actively participating in the pre-owned market through certified pre-owned programs, fostering a more sustainable approach to luxury consumption.

Integration of Technology

The integration of technology is transforming the pre-owned luxury watches market, enhancing the overall customer experience and streamlining operations. Virtual showrooms, augmented reality (AR), and virtual try-on features are becoming more prevalent, allowing consumers to explore and visualize watches in a digital space before making a purchase. These technological advancements not only provide a more immersive shopping experience but also address the challenge of online authentication by leveraging blockchain technology. Blockchain helps establish a transparent and tamper-proof record of a watch's history, including its ownership, servicing records, and authenticity. As consumers become more tech-savvy, the integration of innovative technologies is likely to play a pivotal role in shaping the future of the pre-owned luxury watches market.

Influence of Social Media and Influencers

Social media platforms have become influential channels in the promotion and sale of pre-owned luxury watches. Instagram, in particular, has emerged as a popular platform for watch enthusiasts, collectors, and sellers to showcase their timepieces. Influencers and collectors often share their experiences, knowledge, and reviews on social media, creating a community that extends beyond geographical boundaries. This online community not only fosters a sense of camaraderie among watch enthusiasts but also serves as a marketing channel for sellers. The visual nature of Instagram, in particular, allows for the effective presentation of timepieces, attracting potential buyers and creating trends within the pre-owned luxury watches market. Social media's impact on consumer behavior and preferences is undeniable, and its role in shaping the narrative around pre-owned luxury watches continues to grow.

Segmental Insights

Type Insights

The global pre-owned luxury watches market is witnessing a notable increase in demand for automatic watches. Automatic, or self-winding, watches are renowned for their craftsmanship and intricate mechanical movements, appealing to enthusiasts who appreciate the traditional artistry of watchmaking. This surge in demand can be attributed to the growing preference for timepieces that combine both historical charm and modern functionality. Automatic luxury watches, often featuring sweeping seconds hands and complex movements, hold a timeless allure, attracting consumers who seek a blend of elegance and precision. As the market embraces the trend of sustainable and vintage consumption, the automatic luxury watch segment stands out as a symbol of enduring craftsmanship, contributing to the overall growth and diversification of the pre-owned luxury watches market.

Moreover, the rise of automatic luxury watches in the pre-owned market is reflective of a broader shift in consumer attitudes towards value retention and investment in horological assets. Buyers are drawn to the durability and intricate engineering of automatic watches, viewing them not only as fashion statements but also as potential investments that hold their value over time. This trend highlights the resilience and enduring appeal of automatic luxury watches in the evolving landscape of the global pre-owned luxury watches market.

 

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Regional Insights

The North America region has emerged as a prominent driver of the rising demand in the global pre-owned luxury watches market. The appetite for pre-owned luxury watches is growing steadily in North America, fueled by a combination of factors such as a discerning consumer base, a strong culture of luxury appreciation, and an increasing awareness of the value offered by pre-owned timepieces. Consumers in North America are drawn to the idea of owning prestigious watches from renowned brands at more accessible price points, contributing to the market's expansion. The region's diverse and dynamic market landscape, encompassing both traditional retail outlets and a robust online presence, further amplifies the accessibility and appeal of pre-owned luxury watches, catering to a wide range of preferences and budgets.

Additionally, the thriving pre-owned luxury watches market in North America can be attributed to a cultural shift toward sustainability and the desire for unique, vintage, or limited-edition timepieces. Consumers in the region are increasingly inclined to make environmentally conscious choices, and purchasing pre-owned watches aligns with this trend. The presence of established online platforms, auction houses, and dedicated brick-and-mortar stores specializing in pre-owned luxury watches has contributed to the region's reputation as a key player in the global pre-owned luxury watches market, with North America expected to continue driving demand in the coming years.

Recent Developments

  • In 2023, CHRONEXT, Switzerland's premier reseller of Certified Pre-Owned and Vintage timepieces, has acquired the Watchmaster brand rights. CHRONEXT is pursuing a planned growth strategy and plans to strengthen its position as a luxury watch provider in Europe.
  • Audemars Piguet has launched its own Certified Pre-Owned programme in 2023. This programme will provide an authenticity guarantee, allowing purchasers to feel more secure about their purchase than they would if they bought from a grey market dealer.

Key Market Players

  • Chrono24 GmbH
  • WatchBox Holdings US, Inc.
  • eBay Inc.
  • CME International, LLC dba (Bob's Watches)
  • Crown & Caliber LLC
  • Watchfinder.co.uk Limited
  • TrueFacet, LLC
  • Govberg LLC
  • The Watch Club Limited
  • Watches of Switzerland (Nevada) LLC

 By Type

By Distribution Channel

By Region
  • Automatic
  • Manual
  • Online
  • Offline
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Pre-owned Luxury Watches Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Pre-owned Luxury Watches Market, By Type:

o   Automatic

o   Manual

  • Pre-owned Luxury Watches Market, By Distribution Channel:

o   Online

o   Offline

  • Pre-owned Luxury Watches Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Pre-owned Luxury Watches Market.

Available Customizations:

Global Pre-owned Luxury Watches Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Pre-owned Luxury Watches Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Sources of Information

5.    Global Pre-owned Luxury Watches Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Automatic, Manual)

5.2.2.    By Distribution Channel Market Share Analysis (Online, Offline)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        Europe Market Share Analysis

5.2.3.3.        Asia-Pacific Market Share Analysis

5.2.3.4.        Middle East & Africa Market Share Analysis

5.2.3.5.        South America Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Pre-owned Luxury Watches Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    North America Pre-owned Luxury Watches Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Distribution Channel Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        United States Pre-owned Luxury Watches Market Outlook

6.2.3.1.1.           Market Size & Forecast

6.2.3.1.1.1.               By Value

6.2.3.1.2.           Market Share & Forecast

6.2.3.1.2.1.               By Type Market Share Analysis

6.2.3.1.2.2.               By Distribution Channel Market Share Analysis

6.2.3.2.        Canada Pre-owned Luxury Watches Market Outlook

6.2.3.2.1.           Market Size & Forecast

6.2.3.2.1.1.               By Value

6.2.3.2.2.           Market Share & Forecast

6.2.3.2.2.1.               By Type Market Share Analysis

6.2.3.2.2.2.               By Distribution Channel Market Share Analysis

6.2.3.3.        Mexico Pre-owned Luxury Watches Market Outlook

6.2.3.3.1.           Market Size & Forecast

6.2.3.3.1.1.               By Value

6.2.3.3.2.           Market Share & Forecast

6.2.3.3.2.1.               By Type Market Share Analysis

6.2.3.3.2.2.               By Distribution Channel Market Share Analysis

7.    Europe Pre-owned Luxury Watches Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Distribution Channel Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        France Pre-owned Luxury Watches Market Outlook

7.2.3.1.1.           Market Size & Forecast

7.2.3.1.1.1.               By Value

7.2.3.1.2.           Market Share & Forecast

7.2.3.1.2.1.               By Type Market Share Analysis

7.2.3.1.2.2.               By Distribution Channel Market Share Analysis

7.2.3.2.        Germany Pre-owned Luxury Watches Market Outlook

7.2.3.2.1.           Market Size & Forecast

7.2.3.2.1.1.               By Value

7.2.3.2.2.           Market Share & Forecast

7.2.3.2.2.1.               By Type Market Share Analysis

7.2.3.2.2.2.               By Distribution Channel Market Share Analysis

7.2.3.3.        Spain Pre-owned Luxury Watches Market Outlook

7.2.3.3.1.           Market Size & Forecast

7.2.3.3.1.1.               By Value

7.2.3.3.2.           Market Share & Forecast

7.2.3.3.2.1.               By Type Market Share Analysis

7.2.3.3.2.2.               By Distribution Channel Market Share Analysis

7.2.3.4.        Italy Pre-owned Luxury Watches Market Outlook

7.2.3.4.1.           Market Size & Forecast

7.2.3.4.1.1.               By Value

7.2.3.4.2.           Market Share & Forecast

7.2.3.4.2.1.               By Type Market Share Analysis

7.2.3.4.2.2.               By Distribution Channel Market Share Analysis

7.2.3.5.        United Kingdom Pre-owned Luxury Watches Market Outlook

7.2.3.5.1.           Market Size & Forecast

7.2.3.5.1.1.               By Value

7.2.3.5.2.           Market Share & Forecast

7.2.3.5.2.1.               By Type Market Share Analysis

7.2.3.5.2.2.               By Distribution Channel Market Share Analysis

8.    Asia-Pacific Pre-owned Luxury Watches Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Distribution Channel Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        China Pre-owned Luxury Watches Market Outlook

8.2.3.1.1.           Market Size & Forecast

8.2.3.1.1.1.               By Value

8.2.3.1.2.           Market Share & Forecast

8.2.3.1.2.1.               By Type Market Share Analysis

8.2.3.1.2.2.               By Distribution Channel Market Share Analysis

8.2.3.2.        Japan Pre-owned Luxury Watches Market Outlook

8.2.3.2.1.           Market Size & Forecast

8.2.3.2.1.1.               By Value

8.2.3.2.2.           Market Share & Forecast

8.2.3.2.2.1.               By Type Market Share Analysis

8.2.3.2.2.2.               By Distribution Channel Market Share Analysis

8.2.3.3.        India Pre-owned Luxury Watches Market Outlook

8.2.3.3.1.           Market Size & Forecast

8.2.3.3.1.1.               By Value

8.2.3.3.2.           Market Share & Forecast

8.2.3.3.2.1.               By Type Market Share Analysis

8.2.3.3.2.2.               By Distribution Channel Market Share Analysis

8.2.3.4.        Vietnam Pre-owned Luxury Watches Market Outlook

8.2.3.4.1.           Market Size & Forecast

8.2.3.4.1.1.               By Value

8.2.3.4.2.           Market Share & Forecast

8.2.3.4.2.1.               By Type Market Share Analysis

8.2.3.4.2.2.               By Distribution Channel Market Share Analysis

8.2.3.5.        South Korea Pre-owned Luxury Watches Market Outlook

8.2.3.5.1.           Market Size & Forecast

8.2.3.5.1.1.               By Value

8.2.3.5.2.           Market Share & Forecast

8.2.3.5.2.1.               By Type Market Share Analysis

8.2.3.5.2.2.               By Distribution Channel Market Share Analysis

9.    Middle East & Africa Pre-owned Luxury Watches Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Distribution Channel Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        South Africa Pre-owned Luxury Watches Market Outlook

9.2.3.1.1.           Market Size & Forecast

9.2.3.1.1.1.               By Value

9.2.3.1.2.           Market Share & Forecast

9.2.3.1.2.1.               By Type Market Share Analysis

9.2.3.1.2.2.               By Distribution Channel Market Share Analysis

9.2.3.2.        Saudi Arabia Pre-owned Luxury Watches Market Outlook

9.2.3.2.1.           Market Size & Forecast

9.2.3.2.1.1.               By Value

9.2.3.2.2.           Market Share & Forecast

9.2.3.2.2.1.               By Type Market Share Analysis

9.2.3.2.2.2.               By Distribution Channel Market Share Analysis

9.2.3.3.        UAE Pre-owned Luxury Watches Market Outlook

9.2.3.3.1.           Market Size & Forecast

9.2.3.3.1.1.               By Value

9.2.3.3.2.           Market Share & Forecast

9.2.3.3.2.1.               By Type Market Share Analysis

9.2.3.3.2.2.               By Distribution Channel Market Share Analysis

9.2.3.4.        Turkey Pre-owned Luxury Watches Market Outlook

9.2.3.4.1.           Market Size & Forecast

9.2.3.4.1.1.               By Value

9.2.3.4.2.           Market Share & Forecast

9.2.3.4.2.1.               By Type Market Share Analysis

9.2.3.4.2.2.               By Distribution Channel Market Share Analysis

9.2.3.5.        Kuwait Pre-owned Luxury Watches Market Outlook

9.2.3.5.1.           Market Size & Forecast

9.2.3.5.1.1.               By Value

9.2.3.5.2.           Market Share & Forecast

9.2.3.5.2.1.               By Type Market Share Analysis

9.2.3.5.2.2.               By Distribution Channel Market Share Analysis

9.2.3.6.        Egypt Pre-owned Luxury Watches Market Outlook

9.2.3.6.1.           Market Size & Forecast

9.2.3.6.1.1.               By Value

9.2.3.6.2.           Market Share & Forecast

9.2.3.6.2.1.               By Type Market Share Analysis

9.2.3.6.2.2.               By Distribution Channel Market Share Analysis

10. South America Pre-owned Luxury Watches Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Distribution Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     Brazil Pre-owned Luxury Watches Market Outlook

10.2.3.1.1.         Market Size & Forecast

10.2.3.1.1.1.            By Value

10.2.3.1.2.         Market Share & Forecast

10.2.3.1.2.1.            By Type Market Share Analysis

10.2.3.1.2.2.            By Distribution Channel Market Share Analysis

10.2.3.2.     Argentina Pre-owned Luxury Watches Market Outlook

10.2.3.2.1.         Market Size & Forecast

10.2.3.2.1.1.            By Value

10.2.3.2.2.         Market Share & Forecast

10.2.3.2.2.1.            By Type Market Share Analysis

10.2.3.2.2.2.            By Distribution Channel Market Share Analysis

10.2.3.3.     Colombia Pre-owned Luxury Watches Market Outlook

10.2.3.3.1.         Market Size & Forecast

10.2.3.3.1.1.            By Value

10.2.3.3.2.         Market Share & Forecast

10.2.3.3.2.1.            By Type Market Share Analysis

10.2.3.3.2.2.            By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Pre-owned Luxury Watches Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Chrono24 GmbH

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. WatchBox Holdings US, Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. eBay Inc.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. CME International, LLC dba (Bob's Watches)

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Crown & Caliber LLC

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Watchfinder.co.uk Limited

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. TrueFacet, LLC

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Govberg LLC

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. The Watch Club limited

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Watches of Switzerland (Neveda) LLC

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Type

15.3.             Target Distribution Channel

 16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Pre-owned Luxury Watches Market was estimated to be USD 23.87 Billion in 2023.

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The major drivers for the global pre-owned luxury watches market include changing consumer preferences, the allure of prestigious brands at more affordable prices, the rise of online platforms facilitating transparent transactions, sustainability trends, and the recognition of luxury watches as both investments and fashion statements, fostering continued growth and expansion.

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Major trends in the global pre-owned luxury watches market include the rise of online marketplaces and e-commerce platforms, a growing emphasis on sustainability and ethical consumption, the integration of technology such as blockchain for authentication, the influential role of social media and influencers, and luxury brands actively participating in the pre-owned market through certified programs.

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The global pre-owned luxury watches market faces challenges such as counterfeiting and authentication concerns, market fragmentation and a lack of standardization, potential erosion of brand image and exclusivity, online security and privacy issues, and susceptibility to economic conditions, all of which require strategic solutions for sustained growth and consumer trust.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Pre-owned Luxury Watches Market to Grow with a CAGR of 9.3% through 2029

Oct, 2024

Rising demand of luxury goods and changing consumer preferences are driving the Global Pre-owned Luxury Watches Market in the forecast period.

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