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Learn moreJan 2021
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Taiwan has been less drastically impacted by the COVID-19 pandemic due to the government’s quick response, meaning luxury timepieces will only see growth rates slow slightly and will overall continue to flourish. Timepieces are usually purchased for their decorative and symbolic properties, rather than for timekeeping.
Men’s luxury time pieces will continue to record the most dynamic growth in 2020 overall. The role of watches as status symbols is particularly prominent among male consumers, for whom there is a limited choice of accessories compared with women.
Although the Taiwanese government has been able to control the pandemic rapidly and see its citizens return to semi-normal life, destructions in other countries has impacted luxury timepieces in Taiwan. For example, travel restrictions have resulted in much fewer international tourists arriving in Taiwan throughout 2020.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in Taiwan 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 Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
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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.