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Luxury Timepieces in
Indonesia

Country Report

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Executive Summary

Feb 2019
PROSPECTS
Opportunity lies within women’s luxury timepieces

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.

Online retailing to target key customer base

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.

Growth achieved despite a global decline in luxury timepieces

Luxury timepieces in Indonesia posted robust growth in 2018. Stronger sales were influenced by higher economic growth in 2018.

COMPETITIVE LANDSCAPE
Bvlgari leads sales of luxury timepieces

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.

International fashion brands dominate

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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Luxury Timepieces in Indonesia

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Overview

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.

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 Indonesia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Timepieces in Indonesia 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 Indonesia?
  • What are the major brands in Indonesia?
  • 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

Luxury Timepieces in Indonesia - Category analysis

HEADLINES

PROSPECTS

Opportunity lies within women’s luxury timepieces
Online retailing to target key customer base
Growth achieved despite a global decline in luxury timepieces

COMPETITIVE LANDSCAPE

Bvlgari leads sales of luxury timepieces
International fashion brands dominate

CATEGORY DATA

Table 1 Sales of Luxury Timepieces by Category: Value 2013-2018
Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Timepieces: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017
Table 5 Distribution of Luxury Timepieces by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023
Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023

Luxury Goods in Indonesia - Industry Overview

EXECUTIVE SUMMARY

Positive outlook in Indonesia in 2018
Luxury goods records a slowdown in growth towards the end of the review period
Well-known international brands lead luxury goods
Continued growth of internet retailing
Positive outlook for luxury goods

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources