According to the Federation of the Swiss watch industry (FH), Switzerland produces around 15 to 20 million watches a year — which is a minuscule amount that represents around 2% of global timepiece manufacturing. However, this is a clear case of quality over quantity.
This tiny nation, as reported by the news outlet SWI swissinfo, commands more than a 50% share of the global watch industry in value terms, and more than 95% of watches sold for CHF 1,000 (just over USD $1,100) or more are produced by Swiss companies. Translation: Switzerland dominates when it comes to the luxury segment of the watch market.
Watch enthusiasts recognize the cachet of the Swiss-made label, and the country reigns supreme when it comes to fine timepieces. So, if Switzerland dominates the luxury watch segment, which luxury watch brands dominate within that prestigious circle?
Listen to this episode to discover the top 10 luxury watch brands, as told by the numbers.
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