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Luxury Timepieces

Euromonitor International publishes the world's most comprehensive market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends and sub-category level information. 

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Country Report

Luxury Timepieces in Poland

Feb 2018

Despite negative global tendencies, sales of luxury timepieces in Poland continued to experience significant growth rates in 2017. Distributors and retailers enhanced their assortment with newly launched brands and models onto the market. Wealthy ...

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Luxury Timepieces in Thailand

Feb 2018

Brands of luxury timepieces tend to have a signature design or pattern that is easily recognisable. Demand in Thailand tends to be heavily concentrated on such models, as many consumers wear a luxury timepiece as a status symbol. The signature ...

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Luxury Timepieces in the US

Feb 2018

Luxury timepieces experienced another year of declining sales in 2017, primarily due to soft local demand and lower spending by foreign tourists. Whilst foreign tourists are key consumers of watches and other types of luxury goods in the US, inbound ...

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Luxury Timepieces in Turkey

Feb 2018

The unstable political climate in Turkey led to a falling inbound tourist rate, which resulted in sales of luxury timepieces being negatively affected, since foreign tourists visiting tourist resorts, particularly those coming from Russia and ...

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Country Report

Luxury Timepieces in Malaysia

Feb 2018

The economic slowdown, accompanied by a volatile currency exchange rate, limited sales within luxury timepieces in Malaysia in 2017. Both men’s and women’s luxury timepieces experienced slower current value growth in 2017 than in 2016 due to falling ...

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Luxury Timepieces in the Philippines

Feb 2018

The increased retail spaces offered by numerous retailers in the country paved the way for greater opportunities for luxury brands to flourish. Although multi-brand stores continue to spark greater interest from consumers, stand-alone boutiques are ...

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Luxury Timepieces in Australia

Feb 2018

Whilst Apple remains the leader player of smartwatches, an increasing number of luxury timepiece makers have sought to enter smartwatches to offset any sales lost as a result of this emerging category. TAG Heuer ventured first when it partnered with ...

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Luxury Timepieces in Italy

Feb 2018

Luxury timepieces is likely to maintain steady constant value growth over the forecast period. Against the background of the favourable economic climate, which is supporting general consumption, increasing numbers of Italian consumers will likely ...

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Luxury Timepieces in Hong Kong, China

Feb 2018

In 2017, luxury timepieces managed to recover to positive current value growth, due to the increase in arrivals from China. However, the positive growth was not strong enough to compensate for lost sales earlier in the review period, as Chinese ...

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Luxury Timepieces in India

Feb 2018

Although luxury accessories have always posted stronger revenue among women, timepieces is an exception. While women look at a number of different options when purchasing luxury products, including handbags, jewellery and eyewear, men generally look ...

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Luxury Timepieces in Japan

Feb 2018

In 2017, luxury timepieces in Japan recovered from the sharp decline seen in 2016 due to the drop in purchases by foreign travellers, especially from China. This was a result of the introduction of high customs duties for products purchased outside ...

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Luxury Timepieces in Spain

Feb 2018

Most households in Spain possess a smartphone, and many have tablets present. Therefore, most consumers have a portable device which displays the time, and thus they have little need for a watch to fulfil its traditional purpose. Players in luxury ...

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Luxury Timepieces in Indonesia

Feb 2018

Luxury timepieces posted robust current value growth in 2017, with demand being fuelled by the improving economy. The creation of a Cartier store at the end of 2016 highlighted the development of Indonesia’s luxury timepieces category. Furthermore, ...

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Luxury Timepieces in the United Arab Emirates

Feb 2018

Luxury timepieces are regarded as an indicator of social status and a safe investment in the United Arab Emirates. However, due to continuing economic recession and the depreciation of incomes, some consumers, mainly in the middle class, have limited...

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Luxury Timepieces in the Netherlands

Feb 2018

Luxury timepieces saw slightly stronger growth in current value terms in 2017, compared to the previous year. However, this was fuelled by a rise in the category’s average unit price with the category recording a decline in retail volume terms. While...

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Country Report

Luxury Timepieces in South Africa

Feb 2018

There is a growing appetite among locals for luxury brands, especially accessories such as jewellery and watches. For consumers who are unable to purchase new products, second-hand items are often the next best option. This niche and lucrative ...

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Luxury Timepieces in Brazil

Feb 2018

Most consumers in the luxury goods market are able to travel abroad and it is common to compare prices of different products between locations. Prices differ between Brazil and other locations such as the US and France, for instance, and Brazilians ...

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Luxury Timepieces in Germany

Feb 2018

At the end of the review period two factors provided a considerable boost to the value and volume sales of luxury timepieces in Germany. Firstly, disposable incomes rose thanks to the favourable economic climate, while secondly interest rates on ...

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Luxury Timepieces in South Korea

Feb 2018

The desire to own luxury timepieces is growing, especially among young consumers who wish to own a luxury brand. In order to differentiate themselves from others, high-end brands or products with unique designs are preferred. Budget is indeed ...

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Luxury Timepieces in Canada

Feb 2018

Value sales of luxury timepieces grew in Canada as consumers became more sophisticated and willing to invest in expensive watches either as a fashion statement or an investment piece. According to the Federation of the Swiss Watch Industry, Swiss ...

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