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.
In a category that is dominated by men’s luxury timepieces, growth of women’s luxury timepieces creates new opportunities. Furthermore, the growing number of internet retailers also supports growth of women’s luxury timepieces.
Luxury timepieces in Indonesia posted robust growth in 2018. Stronger sales were influenced by higher economic growth in 2018.
Fashion brand Bvlgari led sales of luxury timepieces in Indonesia in 2017, accounting for over a tenth of value sales. This brand is popular due to being known for its high-quality watchmakers.
Bvlgari, TAG Heuer, Hermès and Rolex are internationally renowned brands that are available in Indonesia. These brands possess strong brand images and as a result occupy leading positions within luxury timepieces.
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Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in Indonesia with research from Euromonitor's team of in-country analysts.
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