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Country Report

Luxury Timepieces in

Luxury Timepieces in India

Feb 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Even significant discounts cannot avoid volume decline

Luxury timepieces has turned from seeing double-digit retail volume and current value growth rates for most of the review period to seeing double-digit declines in 2020. The arrival of COVID-19 in the country in the first quarter of the year led the government to take action and impose a lockdown from March to May.

Smaller and fewer weddings due to COVID-19 contributes to decline

Another significant factor related to COVID-19 which has negatively affected sales of luxury timepieces is the initial ban on weddings during lockdown, which was followed by a limit on the number of guests allowed at weddings due to social distancing, varying between 50 and 100 people. Considering that pre-COVID-19 weddings involved guest lists from 500 to 2,000 people, this was a major change.

Travel restrictions encourage purchases in the country

Nevertheless, luxury timepieces has not been as negatively affected as many other personal luxury categories, seeing one of the slowest rates of retail volume decline in 2020. This can partly be attributed to the travel restrictions implemented by the Indian government and by governments abroad to prevent the spread of COVID-19.

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Overview

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.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Timepieces industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Timepieces in India market research report includes:

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

Our market research reports answer questions such as:

What is the market size of Luxury Timepieces in India?
What are the major brands in India?
How dynamic is the growth of Luxury Timepieces internet sales?
What is driving growth?

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 function

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Luxury Timepieces in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Even significant discounts cannot avoid volume decline

Smaller and fewer weddings due to COVID-19 contributes to decline

Travel restrictions encourage purchases in the country

RECOVERY AND OPPORTUNITIES

COVID-19 set to continue to impact growth in the forecast period

Rise in demand for pre-owned luxury watches

Growth of omnichannel retailing to attract the widest possible consumer base

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 India - 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

Megatrends

Country Report

Luxury Timepieces in India

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Even significant discounts cannot avoid volume decline

Smaller and fewer weddings due to COVID-19 contributes to decline

Travel restrictions encourage purchases in the country

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Luxury Timepieces in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Even significant discounts cannot avoid volume decline

Smaller and fewer weddings due to COVID-19 contributes to decline

Travel restrictions encourage purchases in the country

RECOVERY AND OPPORTUNITIES

COVID-19 set to continue to impact growth in the forecast period

Rise in demand for pre-owned luxury watches

Growth of omnichannel retailing to attract the widest possible consumer base

CATEGORY DATA

Luxury Goods in India - 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

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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