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Country Report

Luxury Timepieces in

Luxury Timepieces in Spain

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

Luxury timepieces suffers considerable losses as Spain closes its borders

Following the outbreak of COVID-19 in Spain, the country closed its borders to tourists. Although the country gradually opened its doors again following the lifting of the national lockdown that lasted from March to May 2020, by the summer, Spanish authorities had only reopened for twelves countries.

Higher prices deter price sensitive consumers

The uncertainty facing Spain during the COVID-19 pandemic of 2020, led to an increase in consumers’ price sensitivity. In addition to the dire economic straits facing Spain, tourists around the world who would usually visit Spain were also facing economic uncertainty and financial tumult.

Companies use technological innovation to expand their online presence in the face of store closures

Following the implementation of national lockdown restrictions, many companies focused on expanding their online presence in 2020. As such, e-commerce’s share in the category grew in 2020, although it remained a small channel, overall.

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

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

KEY DATA FINDINGS

2020 IMPACT

Luxury timepieces suffers considerable losses as Spain closes its borders

Higher prices deter price sensitive consumers

Companies use technological innovation to expand their online presence in the face of store closures

RECOVERY AND OPPORTUNITIES

Category restricted by Spain’s gloomy economic outlook as tourism slowly recovers from the travel bans

Changing work habits lead to a drop in timepieces sales

Luxury timepieces viewed as investment pieces

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 Spain - 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 Spain

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Luxury timepieces suffers considerable losses as Spain closes its borders

Higher prices deter price sensitive consumers

Companies use technological innovation to expand their online presence in the face of store closures

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Luxury Timepieces in Spain - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury timepieces suffers considerable losses as Spain closes its borders

Higher prices deter price sensitive consumers

Companies use technological innovation to expand their online presence in the face of store closures

RECOVERY AND OPPORTUNITIES

Category restricted by Spain’s gloomy economic outlook as tourism slowly recovers from the travel bans

Changing work habits lead to a drop in timepieces sales

Luxury timepieces viewed as investment pieces

CATEGORY DATA

Luxury Goods in Spain - 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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