Luxury Timepieces in Australia

January 2021
USD 990
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Overview:

Understand the latest market trends and future growth opportunities for the Luxury Timepieces industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Luxury Timepieces industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Luxury Timepieces in Australia report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Luxury Timepieces in Australia?
  • Which are the leading brands in Luxury Timepieces in Australia?
  • How are products distributed in Luxury Timepieces in Australia?
  • How important is tourism in evaluating demand for Luxury Timepieces in Australia?
  • How is the rise of e-commerce changing the retail and competitive landscape?
  • How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
  • Where is future growth expected to be most dynamic?

Luxury Timepieces in Australia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Decline in international tourism and store closures cause decrease in sales of luxury timepieces in 2020
Cancellation of watch fairs further impact sales of luxury timepieces negatively but online events flourish in 2020
Competition from smart watches grow as consumers follow the health and wellness trend in 2020

RECOVERY AND OPPORTUNITIES

Growth rate of luxury timepieces’ sales to recover from 2021
Resale opportunity grows for luxury timepieces over the forecast period
Digital innovation important to entice consumers and boost sales over the forecast period

CATEGORY DATA

Table 1 Sales of Luxury Timepieces by Category: Value 2015-2020 Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2015-2020 Table 3 NBO Company Shares of Luxury Timepieces: % Value 2015-2019 Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2016-2019 Table 5 Distribution of Luxury Timepieces by Format: % Value 2015-2020 Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2020-2025 Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2020-2025

Luxury Goods in Australia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods
COVID-19 country impact
Company response
Retailing shift
What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020 Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020 Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020 Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019 Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019 Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020 Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025 Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

Summary 1 Research Sources
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Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This report originates from Passport, our Luxury Timepieces research and analysis database.

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