UAE Luxury Watch Market Set to Grow at 5.21% CAGR, Reaching USD...

UAE Luxury Watch Market Set to Grow at 5.21% CAGR, Reaching USD 2.21 Billion by 2030

نشر بتاريخ 2025-11-05 11:25:25

UAE Luxury Watch Market: Key Dynamics, Size & Share Analysis

As per MarkNtel Advisors the UAE Luxury Watch Market size was valued at around USD1.61 billion in 2024 and is projected to reach USD2.21 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.21% during the forecast period, i.e., 2025-30.

UAE Luxury Watch Market Driver:

Increasing Number of High Net Worth Individuals Driving the Market Growth – The number of people with high incomes, including both local and expats, is continuously increasing in the UAE. For instance, as per a global property management company, around 7,000 millionaires came to reside in the UAE in 2024, showing an increase of around 48.93% compared to 2023. Such people are the major buyers of luxury watches, as these products enhance their status symbol. Also, various luxury watches are not just for fashion but also act as an investment, mainly the rare pieces or those with precious metals & stones. Hence, most of the HNWIs are attracted by these watches, thus increasing their demand. Therefore, the presence of multiple high-earning people in the UAE has driven the market growth, and this trend is expected to continue in the future as well.

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UAE Luxury Watch Market Systems Market Segmentation:

-By Type

Mechanical- Market Size & Forecast 2020-2030, USD Million
Electronic- Market Size & Forecast 2020-2030, USD Million

-By Band Type

Strap-Based- Market Size & Forecast 2020-2030, USD Million
Chain-Based- Market Size & Forecast 2020-2030, USD Million

-By End-User

Men- Market Size & Forecast 2020-2030, USD Million
Women- Market Size & Forecast 2020-2030, USD Million
Unisex- Market Size & Forecast 2020-2030, USD Million

-By Distribution Channel

Offline Retail- Market Size & Forecast 2020-2030, USD Million
Online Retail- Market Size & Forecast 2020-2030, USD Million

Geographical Analysis of the UAE Luxury Watch Market

-By Region

Dubai
Abu Dhabi & Al Ain
Sharjah & Northern Emirates

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Report Highlights Essential Insights for Strategic Decision-Making

Detailed market size, share, and forecast analysis
In-depth pricing trends and segment-wise cost evaluations
Key industry strategies, including innovation, partnerships, and acquisitions
Critical value chain analysis and stakeholder profiling
Regional import-export market insights and trade flow assessment
Thorough competitive benchmarking of top hearing aid manufacturers
Identification of new growth opportunities and niche market segments
Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the UAE Luxury Watch Market are:

Rolex
Patek Philippe
Audemars Piguet
Omega
Hublot
IWC Schaffhausen
Jaeger-LeCoultre
Richard Mille
Chopard
Breguet
Others

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a globally trusted Market Research Company specializing in the fast-moving consumer goods (FMCG) sector, encompassing consumer goods, food & beverage, personal care, and retail industries. Our comprehensive portfolio of Market Research Reports and Syndicated Research Reports delivers in-depth intelligence at global, regional, and country levels, enabling companies and distributors understand shifting consumer behavior, pricing structures, and innovation cycles. We utilize advanced Business Research tools and demand analytics to identify profitable white spaces and emerging retail trends. By integrating Financial Services assessments and Market Forecast modeling, we provide data that drives informed marketing and investment decisions. Through strategic Consulting Services, MarkNtel Advisors enables FMCG stakeholders to maximize Revenue Impact, strengthen brand competitiveness, and achieve sustained growth in dynamic consumer markets.