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Learn moreJan 2021
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Sales of luxury timepieces experienced a significant decline in 2020. The category was particularly badly affected by store closures under the state of emergency in April and May and longer-term border closures.
Industry players endeavoured to make the best of the situation and began developing new ways in which to engage with consumers and sustain their interest in luxury timepieces during 2020. For instance, Hublot’s digital boutique, which is available worldwide, also made this platform available in Japan.
Rental watch service Karitoke expanded its service and now offers 2-piece rentals at one time, reflecting customer demand to have two different watches for private/business use or fashion/functional use. Karitoke offers a wide variety of watches from affordable to luxury timepieces including Rolex and Omega.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in Japan 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 Japan, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Timepieces in Japan market research report includes:
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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.