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Country Report

Luxury Timepieces in

Luxury Timepieces in the Philippines

Feb 2019

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

Younger consumers look for vintage pieces

Well-utilised social media platforms have created new consumer groups and more niche demands in luxury goods, including timepieces. In 2018, saw there were more and more young collectors, who showed a preference for used and rare pieces over buying new models.

Players engage consumers to promote their brands

As the consumer base becomes younger, Patek Philippe hosted the “Knowledge Series” event in Manila. The player brought in vintage branded pieces from Patek Philippe Museum in Geneva to demonstrate its way of producing timepieces across history.

COMPETITIVE LANDSCAPE

Entry-level players tap into new consumer audiences

Fast-growing brands in 2017 were heavily characterised by their ability to reach out to consumers looking for entry-level purchases. Tudor, TAG Heuer, Philip Stein, Longines and others are increasingly in demand due to an increase in the middle-income population and the dynamic participation of young professionals.

Companies to focus on breaking barriers with consumers

The efforts of brands to reach out to consumers and not rely on global marketing strategies is expected to stimulate demand for the luxury timepieces. The high prices of luxury timepieces alienate many consumers and discourage purchases.

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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 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:

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 Philippines?
What are the major brands in Philippines?
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 the Philippines - Category analysis

HEADLINES

PROSPECTS

Younger consumers look for vintage pieces

Players engage consumers to promote their brands

COMPETITIVE LANDSCAPE

Entry-level players tap into new consumer audiences

Companies to focus on breaking barriers with consumers

CATEGORY DATA

Table 1 Sales of Luxury Timepieces by Category: Value 2013-2018
Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Timepieces: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017
Table 5 Distribution of Luxury Timepieces by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023
Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Luxury goods remains resilient in the face of unfriendly economic conditions

Positive 2018 growth for luxury goods

Highly fragmented, fast-developing industry

Internet retailing shoots for fastest growth

Positive, if slower growth forecast due to economic fears

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Timepieces in the Philippines

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Younger consumers look for vintage pieces

Players engage consumers to promote their brands

COMPETITIVE LANDSCAPE

Entry-level players tap into new consumer audiences

Companies to focus on breaking barriers with consumers

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Luxury Timepieces in the Philippines - Category analysis

HEADLINES

PROSPECTS

Younger consumers look for vintage pieces

Players engage consumers to promote their brands

COMPETITIVE LANDSCAPE

Entry-level players tap into new consumer audiences

Companies to focus on breaking barriers with consumers

CATEGORY DATA

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Luxury goods remains resilient in the face of unfriendly economic conditions

Positive 2018 growth for luxury goods

Highly fragmented, fast-developing industry

Internet retailing shoots for fastest growth

Positive, if slower growth forecast due to economic fears

MARKET INDICATORS

MARKET DATA

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