Saudi Arabia Luxury Watch Market Report 2025-2033: Industry Trends & Forecast

Saudi Arabia Luxury Watch Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 2.68% (2025-2033)

The Saudi Arabia luxury watch market is witnessing steady growth, fueled by rising disposable incomes, a growing affinity for premium lifestyle products, and a strong culture of luxury and status-driven purchases. According to the latest report by IMARC Group, the Saudi Arabia luxury watch market size reached USD 270.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 342.7 Million by 2033, exhibiting a growth rate (CAGR) of 2.68% during 2025-2033.  

Saudi Arabia Luxury Watch Industry Trends and Drivers:

The luxury watch industry in Saudi Arabia is robust, due to a well-established culture of fashion, status and appreciation for craftsmanship. The ongoing momentum of the market is supported by a growing segment of affluent consumers who view luxury watches as not just timepieces but rather, symbols of status, heritage and individual success. Groups of Saudi consumers have shown a preference for luxury international brands because of their heritage and individual design, and as a result, they have shown strong penchant for higher-end European watch manufacturers, many of who have been successful in establishing a foothold in the country. The popularity of limited edition models and bespoke watches is also on the rise, as consumers look for "individual" products to purchase that are unique to them or are in some way "exclusive." This has encouraged brands to develop exclusive collections and partner with local retailers to cater to the individual preferences of Saudi buyers.

The growth of luxury retail infrastructure is another major determinant of growth – luxury shopping malls, luxury shopping centres, etc. in cities such as Riyadh, Jeddah, and Khobar are expanding. Luxury accessories including watches are gaining traction not only because Saudis are travelling more and attending events abroad, but also because they are taking opportunities to buy premium brands on these trips. The growth of e-commerce is also helping create demand for watches, especially with retailers offering secure delivery with authentic luxury goods and additional services in personalization and financing options. Another factor is the movement of young, fashion-conscious consumers influenced by social media and brand storytelling. This combination of traditional appreciation and contemporary purchase behaviour diversified the luxury watch market space in Saudi Arabia that is creating excitement.

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Saudi Arabia Luxury Watch Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Analog Watch
• Digital Watch

End User Insights:

• Women
• Men
• Unisex

Distribution Channel Insights:

• Online Stores
• Offline Stores

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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