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Country Report

Luxury Timepieces in

Luxury Timepieces in South Africa

16 pages, Feb 2018

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

The rise of second-hand luxury websites and auction sites

There is a growing appetite among locals for luxury brands, especially accessories such as jewellery and watches. For consumers who are unable to purchase new products, second-hand items are often the next best option.

Luxury timepieces appeal to aspirational consumers as status symbols

Luxury watches are a favourite status-driven accessory for aspirational consumers and wealthy shoppers alike. The nouveau riche invest in luxury timepieces to demonstrate their newly acquired success and social status.

Wider consumer choice with the entry of new brands in South Africa

Entirely new brands have emerged in luxury timepieces and existing brands have widened their collections to include more models. This has resulted in a far wider choice for luxury consumers, who previously had to wait for their next international trip to purchase their favourite brands.

COMPETITIVE LANDSCAPE

International Timepiece & Fashion maintains its lead

The rise in popularity of second-hand watches

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

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

HEADLINES

PROSPECTS

The rise of second-hand luxury websites and auction sites

Luxury timepieces appeal to aspirational consumers as status symbols

Wider consumer choice with the entry of new brands in South Africa

COMPETITIVE LANDSCAPE

International Timepiece & Fashion maintains its lead

The rise in popularity of second-hand watches

CATEGORY DATA

Table 1 Sales of Luxury Timepieces by Category: Value 2012-2017
Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2012-2017
Table 3 NBO Company Shares of Luxury Timepieces: % Value 2012-2016
Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2013-2016
Table 5 Distribution of Luxury Timepieces by Format: % Value 2012-2017
Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2017-2022
Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2017-2022

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

Lower total value growth registered in luxury goods in 2017

No major brand launches

Luxury goods remains highly fragmented

Non-grocery specialists continues to dominate the distribution of luxury goods

Luxury goods expected to decline over the forecast period

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Timepieces in South Africa

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

The rise of second-hand luxury websites and auction sites

Luxury timepieces appeal to aspirational consumers as status symbols

Wider consumer choice with the entry of new brands in South Africa

COMPETITIVE LANDSCAPE

International Timepiece & Fashion maintains its lead

The rise in popularity of second-hand watches

Overview

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Samples (FAQs about samples):

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Table of Contents

Luxury Timepieces in South Africa - Category analysis

HEADLINES

PROSPECTS

The rise of second-hand luxury websites and auction sites

Luxury timepieces appeal to aspirational consumers as status symbols

Wider consumer choice with the entry of new brands in South Africa

COMPETITIVE LANDSCAPE

International Timepiece & Fashion maintains its lead

The rise in popularity of second-hand watches

CATEGORY DATA

Luxury Goods in South Africa - Industry Overview

EXECUTIVE SUMMARY

Lower total value growth registered in luxury goods in 2017

No major brand launches

Luxury goods remains highly fragmented

Non-grocery specialists continues to dominate the distribution of luxury goods

Luxury goods expected to decline over the forecast period

MARKET INDICATORS

MARKET DATA

SOURCES

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