Luxury Timepieces

The luxury goods industry posted another year of positive growth in 2018, after a challenging 2017. The concept of luxury continues to shift in line with changing consumer values. Technology has been especially disruptive as it continues to ...

Many consumers in the United Arab Emirates continue to enjoy wearing luxury timepieces in order to display their social status. However, sales have been negatively hit in recent years by the economic downturn and falling incomes, with some middle ...

The ubiquity of smartphones and their use for all manner of everyday purposes has undermined demand for traditional timepieces. As a result, timepieces are increasingly purchased for their decorative and symbolic properties rather than for ...

Luxury timepieces in Romania recorded strong current value growth in 2018. Rising demand for premium quality luxury timepieces in bigger cities is contributing to generating opportunities for the category. Watches have become more an expression of a ...

Over the forecast period, retail volume and value (current and constant 2018 prices) sales of luxury timepieces are projected to rise. Growth is expected to be supported by Swiss-made timepieces and signature models by well-known brands, which remain...

Luxury men’s and women’s timepieces are both expected to register current value growth over the forecast period, as they did in 2018, although the former will remain a far larger category. Spanish women, as in other European countries, are set be ...

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 ...

Women’s luxury timepieces posted significant current value growth in 2018. One of the main drivers behind such growth was the opening of Cartier’s flagship store in late 2016. The newly opened brand store located in one of the luxury shopping centres...

Luxury timepieces showed a healthy performance in 2018, and is expected to maintain solid current value growth over the forecast period. The more favourable economic climate is set to support domestic demand, with an increasing number of Italians ...

Following an abysmal two years in 2015 and 2016, luxury timepieces in the US managed to slow down its decline. Much of these losses can be ascribed to consumers simply not wearing watches as much any longer, especially the emerging millennial ...

Although luxury timepieces recorded modest value growth in 2018, this was considered to be disappointing by leading players following a very challenging 2017. Prices in the area are one of the barriers for consumers, many of whom look to save money ...

One of the biggest drawbacks for luxury timepieces in Argentina is its high price compared to other countries, including its neighbour Chile. As a result, and as in the vast majority of luxury categories, Argentinians prefer to buy luxury timepieces ...

In June 2018, the China Horologe Association officially announced the news regarding reduced import tariffs for several categories of high-end and even luxury timepieces, including both mechanical and quartz watches. The reduction was enacted by the ...

More than two years on, the fate of luxury timepieces still seems closely linked to the tribulations of Brexit negotiations. Currency fluctuations have had a noticeable impact on sales of luxury timepieces, often in contrast with the rest of the ...

Although luxury timepieces is set to continue to see stable growth, backed by demand from aspirational first-time buyers and companies launching affordable luxury watches to target price-conscious Indian consumers, it is expected that smart wearables...

The economic improvement seen in Hong Kong and the rise in the number of inbound arrivals, particularly from Mainland China, has had a very positive impact on sales of luxury timepieces in 2017 and 2018. Consumer confidence is returning which is ...

Following record years, consumers’ purchases started to slump after 2015, with a sharp decline in revenues for luxury watch manufacturers. Sales of luxury timepieces began their recovery in 2017 and are predicted to grow in value terms over the ...

Although luxury timepieces increased in current value terms in 2018, and this is expected to continue in the forecast period, a gradual slowdown in the growth rate is expected from 2019. A sluggish economy and trade uncertainty are expected to limit ...

In 2018, luxury timepieces posted stronger current value growth when compared to previous years, when sales were adversely impacted by lower tourist numbers due to security concerns after Europe had been hit by terrorist attacks and the Chinese ...

Luxury timepieces have always been a status symbol in Sweden. A strong economy, characterised by rising disposable incomes, low rents and soaring house prices, has helped to drive sales in recent years. Another driver of growth has been tourism. ...