Middle East & Africa Pre-owned Luxury Watches Market Size & Outlook
The pre-owned luxury watches market in Middle East & Africa is expected to reach a projected revenue of US$ 2,075.2 million by 2030. A compound annual growth rate of 7.7% is expected of Middle East & Africa pre-owned luxury watches market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,234.7
Forecast, 2030 (US$M)
$2,075.2
CAGR, 2024 - 2030
7.7%
Report Coverage
Middle East & Africa
Related Markets
MEA pre-owned luxury watches market highlights
- The MEA pre-owned luxury watches market generated a revenue of USD 1,234.7 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, automatic was the largest revenue generating type in 2023.
- Automatic is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,234.7 million |
| Market revenue in 2030 | USD 2,075.2 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Automatic |
| Fastest growing segment | Automatic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automatic, Manual |
| Key market players worldwide | EBay Inc, Compagnie Financiere Richemont SA Class A, Watches of Switzerland Group PLC, Chrono24, WatchBox, Bob's Watches, Crown & Caliber, TrueFacet, Govberg Jewelers, Watch Club |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.1% of the global pre-owned luxury watches market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,959.5 million by 2030.
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Pre-owned Luxury Watches Market Scope
Pre-owned luxury watches market segmentation & scope
Pre-owned Luxury Watches Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Watch Club | View profile | 1-10 | London, England, United Kingdom, Europe | https://www.watchclub.com |
| Govberg Jewelers | View profile | 101-250 | Pennsylvania Furnace, Pennsylvania, United States, North America | http://www.govbergwatches.com/blog/ |
| TrueFacet | View profile | 11-50 | New York, New York, United States, North America | http://www.TrueFacet.com |
| Crown & Caliber | View profile | 11-50 | Atlanta, Georgia, United States, North America | http://www.crownandcaliber.com |
| Bob's Watches | View profile | 11-50 | Newport Beach, California, United States, North America | https://www.bobswatches.com |
| WatchBox | View profile | 101-250 | Bala Cynwyd, Pennsylvania, United States, North America | https://www.thewatchbox.com/ |
| Chrono24 | View profile | 251-500 | Karlsruhe, Baden-Wurttemberg, Germany, Europe | https://www.chrono24.com |
| Watches of Switzerland Group PLC | View profile | 2639 | 2 Elland Road, Aurum House, Braunstone, Leicester, United Kingdom, LE3 1TT | https://www.thewosgroupplc.com |
| Compagnie Financiere Richemont SA Class A | View profile | 37117 | 50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, Switzerland, 1293 | https://www.richemont.com |
| EBay Inc | View profile | 12300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | https://www.ebay.com |
MEA pre-owned luxury watches market size, by country, 2018-2030 (US$M)
Middle East & Africa Pre-owned Luxury Watches Market Outlook Share, 2023 & 2030 (US$M)
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