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Country Report

Luxury Timepieces in

Luxury Timepieces in Russia

Jan 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

Uncertain economic conditions due to COVID-19 deters consumers from purchasing luxury timepieces

Many consumers in Russia have lost their businesses, their employment, or are in conditions of economic uncertainty in 2020, due to myriad impacts from COVID-19. In such circumstances, consumers are not willing to purchase additional, or even first, luxury timepieces.

Unit prices dictate the declines or successes of sales in luxury timepieces, with middle class consumer incomes hit the hardest

Luxury timepieces priced between RUB100,000 and RUB300,000 are seeing stronger declines in 2020, because they cater to middle class consumers who have suffered from the economic consequences of COVID-19. Luxury timepieces between RUB300,000 and RUB700,000, however, are experiencing a more favourable situation in sales in 2020.

Mercury Group maintains its lead, whilst players adapt their sales and trade strategies to the changed environment

Mercury Group maintained its lead in luxury timepieces in 2019, thanks to the strength of its portfolio as a luxury goods distributer in Russia. The player manages brands including the top Rolex brand, along with Patek Philippe, Hublot, Breitling and Chopard, plus others.

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

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

KEY DATA FINDINGS

2020 IMPACT

Uncertain economic conditions due to COVID-19 deters consumers from purchasing luxury timepieces

Unit prices dictate the declines or successes of sales in luxury timepieces, with middle class consumer incomes hit the hardest

Mercury Group maintains its lead, whilst players adapt their sales and trade strategies to the changed environment

RECOVERY AND OPPORTUNITIES

Slow economic recovery will continue to negatively impact sales over short-term forecast period

Players set to focus on strengthening their online presence and developing their e-commerce channels

Recovery of sales in luxury timepieces remains dependent on overcoming COVID-related impacts

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 Russia - 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 Russia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Uncertain economic conditions due to COVID-19 deters consumers from purchasing luxury timepieces

Unit prices dictate the declines or successes of sales in luxury timepieces, with middle class consumer incomes hit the hardest

Mercury Group maintains its lead, whilst players adapt their sales and trade strategies to the changed environment

Overview

Why buy this report?

Samples (FAQs about samples):

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Table of Contents

Luxury Timepieces in Russia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Uncertain economic conditions due to COVID-19 deters consumers from purchasing luxury timepieces

Unit prices dictate the declines or successes of sales in luxury timepieces, with middle class consumer incomes hit the hardest

Mercury Group maintains its lead, whilst players adapt their sales and trade strategies to the changed environment

RECOVERY AND OPPORTUNITIES

Slow economic recovery will continue to negatively impact sales over short-term forecast period

Players set to focus on strengthening their online presence and developing their e-commerce channels

Recovery of sales in luxury timepieces remains dependent on overcoming COVID-related impacts

CATEGORY DATA

Luxury Goods in Russia - 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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