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Learn moreJan 2021
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Luxury timepieces fared relatively well during the COVID-19 pandemic, with men’s luxury timepieces, for example, recording only a negligible retail value decline in 2020. Similar to luxury jewellery and leather goods, but possibly to an even greater extent, many high net worth individuals regard these products as a good alternative investment to more traditional financial vehicles, especially in periods of economic uncertainty.
Given the high value of luxury timepieces, the majority of purchasers prefer to shop in physical, specialist outlets where they can inspect and try on the products, as well as receive qualified advice from sales consultants prior to purchase. In fact, e-commerce sales of luxury timepieces are negligible in the Philippines as a result.
Luxury timepieces are generally imported to the Philippines. International travel restrictions, although not applicable to goods in most cases, and government instructions to work from home wherever possible led to delays in imports for some distributors during the pandemic.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in Philippines 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 Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Timepieces in Philippines market research report includes:
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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.