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Country Report

Luxury Timepieces in

Luxury Timepieces in Mexico

17 pages, Feb 2019

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!

PROSPECTS

Luxury timepieces expected to record further growth over the forecast period

Luxury timepieces are targeted at high-income earners, a group which is generally not impacted by inflationary pressures or economic slowdowns and is able to maintain its purchasing power regardless of macroeconomic performance. This explains why luxury timepieces is predicted to continue to record healthy growth over the forecast period, with many brand owners also expanding their retailing networks in Mexico.

Some luxury brands stick with tradition despite new technologies

Smartwatches is a growing category within the luxury goods industry, as illustrated by the recently launched TAG Heuer Connected and Montblanc Summit models. However, other luxury brand owners are choosing to remain focused on traditional mechanisms, which they consider the essence of their labels.

Luxury timepieces target new generations

As part of their strategy for growth, brand owners of luxury timepieces are focusing their innovation and marketing activities on millennials, for example by targeting influencers on social media networks like Instagram. Specific examples include the Facebook profile of Berger Joyeros, a luxury jewellery and timepieces retailer, and Twitter advertisements from El Palacio de Hierro, a high-end department store.

COMPETITIVE LANDSCAPE

Richemont de México maintains its leading position

Montblanc, Cartier, Jaeger-LeCoultre and Vacheron Constantin are some of the brands which Richemont distributes in Mexico. However, its leadership is mainly down to Cartier.

TAG Heuer looking to benefit from limited editions

Luxury timepieces specifically designed for the Mexican market are another reflection of the potential which players see in the country. For example, under its TAG Heuer brand, LVMH launched the Carrera Heuer-01 Ángel México, a 100-unit limited edition timepiece in honour of the Independence Angel, an emblematic symbol of Mexico City.

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

The Luxury Timepieces in Mexico 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 Mexico?
What are the major brands in Mexico?
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 Mexico - Category analysis

HEADLINES

PROSPECTS

Luxury timepieces expected to record further growth over the forecast period

Some luxury brands stick with tradition despite new technologies

Luxury timepieces target new generations

COMPETITIVE LANDSCAPE

Richemont de México maintains its leading position

TAG Heuer looking to benefit from limited editions

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 Mexico - Industry Overview

EXECUTIVE SUMMARY

Luxury goods in Mexico remains a dynamic industry

Luxury goods benefiting from macroeconomic stability in Mexico

Luxury goods remains fragmented despite strong players

Brand owners and retailers support luxury goods internet retailing

Luxury goods expected to continue to perform well

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2013-2018
Table 9 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 11 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 12 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 14 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Timepieces in Mexico

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury timepieces expected to record further growth over the forecast period

Some luxury brands stick with tradition despite new technologies

Luxury timepieces target new generations

COMPETITIVE LANDSCAPE

Richemont de México maintains its leading position

TAG Heuer looking to benefit from limited editions

Overview

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Samples (FAQs about samples):

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Table of Contents

Luxury Timepieces in Mexico - Category analysis

HEADLINES

PROSPECTS

Luxury timepieces expected to record further growth over the forecast period

Some luxury brands stick with tradition despite new technologies

Luxury timepieces target new generations

COMPETITIVE LANDSCAPE

Richemont de México maintains its leading position

TAG Heuer looking to benefit from limited editions

CATEGORY DATA

Luxury Goods in Mexico - Industry Overview

EXECUTIVE SUMMARY

Luxury goods in Mexico remains a dynamic industry

Luxury goods benefiting from macroeconomic stability in Mexico

Luxury goods remains fragmented despite strong players

Brand owners and retailers support luxury goods internet retailing

Luxury goods expected to continue to perform well

MARKET DATA

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