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Country Report

Luxury Timepieces in

Luxury Timepieces in Taiwan

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

Affluent consumers unable to travel leads to a strong performance of luxury timepieces despite the pandemic

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 show the most dynamic growth due to it symbol of status

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.

Lack of tourism is one of the main causes of timepieces’ slowed growth in 2020

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

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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.

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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 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.

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

KEY DATA FINDINGS

2020 IMPACT

Affluent consumers unable to travel leads to a strong performance of luxury timepieces despite the pandemic

Men’s luxury time pieces show the most dynamic growth due to it symbol of status

Lack of tourism is one of the main causes of timepieces’ slowed growth in 2020

RECOVERY AND OPPORTUNITIES

Rebound expected from 2021 as consumption patterns remain unharmed by the pandemic

Women’s luxury timepieces present more room for players to enter the competitive landscape

Unit prices anticipated to rise due to the surge in demand of limited-edition watches

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 Taiwan - 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 Taiwan

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Affluent consumers unable to travel leads to a strong performance of luxury timepieces despite the pandemic

Men’s luxury time pieces show the most dynamic growth due to it symbol of status

Lack of tourism is one of the main causes of timepieces’ slowed growth in 2020

Overview

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Table of Contents

Luxury Timepieces in Taiwan - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Affluent consumers unable to travel leads to a strong performance of luxury timepieces despite the pandemic

Men’s luxury time pieces show the most dynamic growth due to it symbol of status

Lack of tourism is one of the main causes of timepieces’ slowed growth in 2020

RECOVERY AND OPPORTUNITIES

Rebound expected from 2021 as consumption patterns remain unharmed by the pandemic

Women’s luxury timepieces present more room for players to enter the competitive landscape

Unit prices anticipated to rise due to the surge in demand of limited-edition watches

CATEGORY DATA

Luxury Goods in Taiwan - 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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