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Industry Insights

The global pre-owned luxury watches market was held for USD 19,042.2 million in 2019. Further, the market is expected to reach to a valuation of USD 37,013.8 million by the end of 2024. Moreover, the market is expected to grow at a compound annual growth rate (CAGR) of 11.5% during the forecast period i.e. 2020-2024.

Growth Drivers & Barriers

Buying and owning pre-owned luxury watches is more of a common thing these days as consumers are hesitating to spend premium for watches. Also, there is also a very strong demand for vintage watches, scarce models, one-of-a-kind designs and watches with a special history. Stores that are offering pre-owned luxury watches are assuring their product’s authenticity and are offering these watches at great discounted price. Such cost benefits of purchasing pre-owned luxury watches are likely to boost the growth of this segment in upcoming years.
Advantages of second-hand luxury watch as compared to brand new luxury watch such as low price, easy sourcing such as buying from e-commerce websites are also believed to positively impact the growth of market. Various consumers prefer to buy products from online retailer of luxury goods owing to the convenience of shopping from home.

Across the globe, pre-owned luxury goods are becoming more acceptable among consumers. Previously, the secondary market was viewed as an unattractive niche. However, with the advent of pre-owned luxury goods e-retailers, the market image has boosted and is going mainstream. The second-hand market has always been aiding for consumers who could not afford primary luxury goods. Rising awareness about online stores and a booming number of startups are further increasing the consumer base which is anticipated to boost the growth of the market.

A growing number of companies entering the pre-owned luxury watch industry is anticipated to cater to the emerging need of consumers. In Middle East, United Arab Emirates, Dubai and other GCC countries are witnessing the augmenting demand for second-hand luxury watches. In past years, various new companies have started operation at a various level which further envisioned to boost the growth of the market.

Barriers

Authenticity concerns among consumers is one of the major factors which is limiting the growth of the global pre-owned luxury watches market. Moreover, various incidences and complaints of receiving counterfeit goods is also limiting the growth of the market.

Regional Outlook:

In terms of geography, the pre-owned luxury watches market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Europe is slated to account for the highest percentage of market share in the overall market during the forecast period. Europe pre-owned luxury watches market was held at USD 10,217.0 million in 2019 and is anticipated to reach USD 18,825.2 million by the end of 2024, registering a compound annual growth rate (CAGR) of 10.7% between 2020 and 2024.

Segmentation
The research offers a comprehensive analysis of pre-owned luxury watches market with respect to following sub-markets:

By Movement Type
- Automatic
- Manual
- Quartz
- Others

By Demography
- Men
- Women
- Unisex

By Distribution Channel
- Online Stores
- Offline Stores

By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as
- The RealReal, Inc.
- The Luxury Closet
- Vestiaire Collective
- Fashion Phile
- Tradesy
- LXRandCo
- Style Tribute
- REBELLE
- Collector square
- Chrono24 GmbH
- Other Prominent Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.

The study also provides company’s positioning and market share in pre-owned luxury watches market.

Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2024: Forecasted Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyzes the global market by the following segments:
- Movement Type
- Demography
- Distribution Channels

Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Pre-owned Luxury Watches Industry Report
• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2024?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Pre-Owned Luxury Watches Market
3. Global Pre-Owned Luxury Watches Market Trends
4. Opportunities in Global Pre-Owned Luxury Watches Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Product Average Price Analysis, By Country
9. Global Pre-Owned Luxury Watches Market Value (USD Million), 2019-2024

10. Global Pre-Owned Luxury Watches Market Segmentation Analysis, By Movement Type
10.1. Introduction
10.2. Market Attractiveness, By Movement Type
10.3. BPS Analysis, By Movement Type
10.4. Automatic Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
10.5. Manual Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
10.6. Quartz Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
10.7. Others Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

11. Global Pre-Owned Luxury Watches Market Segmentation Analysis, By Gender
11.1. Introduction
11.2. Market Attractiveness, By Demography
11.3. BPS Analysis, By Demography
11.4. Men Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
11.5. Women Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
11.6. Unisex Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

12. Global Pre-Owned Luxury Watches Market Segmentation Analysis, By Distribution Channel
12.1. Introduction
12.2. Market Attractiveness, By Distribution Channel
12.3. BPS Analysis, By Distribution Channel
12.4. Online Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
12.5. Offline Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

13. Geographical Analysis
13.1. Introduction
13.2. North America Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.1. By Movement Type
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Movement Type
13.2.1.3. BPS Analysis, By Movement Type
13.2.1.4. Automatic Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.1.5. Manual Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.1.6. Quartz Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.1.7. Others Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.2. By Gender
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By Demography
13.2.2.3. BPS Analysis, By Demography
13.2.2.4. Men Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.2.5. Women Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.2.6. Unisex Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.3. By Distribution Channel
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Distribution Channel
13.2.3.3. BPS Analysis, By Distribution Channel
13.2.3.4. Online Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.3.5. Offline Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.4. By Country
13.2.4.1. Market Attractiveness, By Country
13.2.4.2. BPS Analysis, By Country
13.2.4.3. U.S. Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.2.4.4. Canada Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

13.3. Europe Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.1. By Movement Type
13.3.1.1. Introduction
13.3.1.2. Market Attractiveness, By Movement Type
13.3.1.3. BPS Analysis, By Movement Type
13.3.1.4. Automatic Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.1.5. Manual Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.1.6. Quartz Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.1.7. Others Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.2. By Gender
13.3.2.1. Introduction
13.3.2.2. Market Attractiveness, By Demography
13.3.2.3. BPS Analysis, By Demography
13.3.2.4. Men Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.2.5. Women Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.2.6. Unisex Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.3. By Distribution Channel
13.3.3.1. Introduction
13.3.3.2. Market Attractiveness, By Distribution Channel
13.3.3.3. BPS Analysis, By Distribution Channel
13.3.3.4. Online Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.3.5. Offline Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4. By Country
13.3.4.1. Market Attractiveness, By Country
13.3.4.2. BPS Analysis, By Country
13.3.4.3. United Kingdom Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4.4. Germany Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4.5. France Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4.6. Italy Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4.7. Spain Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4.8. Russia Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.3.4.9. Rest of Europe Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

13.4. Asia Pacific Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.1. By Movement Type
13.4.1.1. Introduction
13.4.1.2. Market Attractiveness, By Movement Type
13.4.1.3. BPS Analysis, By Movement Type
13.4.1.4. Automatic Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.1.5. Manual Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.1.6. Quartz Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.1.7. Others Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.2. By Gender
13.4.2.1. Introduction
13.4.2.2. Market Attractiveness, By Demography
13.4.2.3. BPS Analysis, By Demography
13.4.2.4. Men Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.2.5. Women Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.2.6. Unisex Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.3. By Distribution Channel
13.4.3.1. Introduction
13.4.3.2. Market Attractiveness, By Distribution Channel
13.4.3.3. BPS Analysis, By Distribution Channel
13.4.3.4. Online Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.3.5. Offline Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4. By Country
13.4.4.1. Market Attractiveness, By Country
13.4.4.2. BPS Analysis, By Country
13.4.4.3. China Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.4. India Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.5. Japan Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.6. South Korea Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.7. Australia Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.8. New Zealand Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.9. Singapore Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.10. Malaysia Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.11. Indonesia Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.12. Thailand Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.4.4.13. Rest of Asia Pacific Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

13.5. Latin America Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.1. By Movement Type
13.5.1.1. Introduction
13.5.1.2. Market Attractiveness, By Movement Type
13.5.1.3. BPS Analysis, By Movement Type
13.5.1.4. Automatic Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.1.5. Manual Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.1.6. Quartz Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.1.7. Others Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.2. By Gender
13.5.2.1. Introduction
13.5.2.2. Market Attractiveness, By Demography
13.5.2.3. BPS Analysis, By Demography
13.5.2.4. Men Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.2.5. Women Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.2.6. Unisex Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.3. By Distribution Channel
13.5.3.1. Introduction
13.5.3.2. Market Attractiveness, By Distribution Channel
13.5.3.3. BPS Analysis, By Distribution Channel
13.5.3.4. Online Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.3.5. Offline Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.4. By Country
13.5.4.1. Market Attractiveness, By Country
13.5.4.2. BPS Analysis, By Country
13.5.4.3. Brazil Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.4.4. Mexico Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.5.4.5. Rest of Latin America Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

13.6. Middle East & Africa Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.1. By Movement Type
13.6.1.1. Introduction
13.6.1.2. Market Attractiveness, By Movement Type
13.6.1.3. BPS Analysis, By Movement Type
13.6.1.4. Automatic Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.1.5. Manual Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.1.6. Quartz Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.1.7. Others Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.2. By Gender
13.6.2.1. Introduction
13.6.2.2. Market Attractiveness, By Demography
13.6.2.3. BPS Analysis, By Demography
13.6.2.4. Men Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.2.5. Women Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.2.6. Unisex Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.3. By Distribution Channel
13.6.3.1. Introduction
13.6.3.2. Market Attractiveness, By Distribution Channel
13.6.3.3. BPS Analysis, By Distribution Channel
13.6.3.4. Online Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.3.5. Offline Stores Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.4. By Geography
13.6.4.1. Market Attractiveness, By Geography
13.6.4.2. BPS Analysis, By Geography
13.6.4.3. GCC Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.4.4. North Africa Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.4.5. South Africa Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024
13.6.4.6. Rest of Middle East & Africa Market Value (USD Million) Forecast, Y-o-Y Growth Analysis (%), 2019-2024

14. Competitive Landscape
14.1. Market Share of Key Players
14.2. Market Positioning of Major Players in Global Pre-Owned Luxury Watches Market
14.3. Company Profiles
14.3.1. The RealReal, Inc.
14.3.1.1. Company Overview
14.3.1.2. Product Offered
14.3.1.3. Business Strategy
14.3.1.4. Financials
14.3.1.5. SWOT Analysis
14.3.1.6. Market Share Analysis
14.3.1.7. Key Achievements & Developments
14.3.2. The Luxury Closet
14.3.3. Vestiaire Collective
14.3.4. Fashion Phile
14.3.5. Tradesy
14.3.6. LXRandCo
14.3.7. Style Tribute
14.3.8. REBELLE
14.3.9. Collector square
14.3.10. Chrono24 GmbH
14.3.11. Other Key & Niche Players


15. Disclaimer

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