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Country Report
Luxury Timepieces in
United Kingdom
Luxury Timepieces in the United Kingdom
Jan 2021
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Executive Summary
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2020 IMPACT
Store closures cause declines in sales of luxury timepieces
In 2020, luxury timepieces was negatively impacted by the onset of the COVID-19 pandemic leading to the halting of tourism and subsequent lockdowns in the UK, which has forced a huge range of businesses and non-essential shops to close for the foreseeable future. These occurrences as well as the ongoing economic and social anxiety linked to the pandemic have prevented British shoppers from engaging in their normal shopping habits causing a decline in sales of watches like many other discretionary items.
COVID-19 makes e-commerce expansion a must
The online channel sees continued growth in timepieces in the UK and growth rates are likely to accelerate in 2020 and beyond, as a result of the retail disruption caused by COVID-19 which forced players to quickly adapt to new commerce strategies and tackle the barriers faced by consumers regarding purchasing high-end products online. Even though the share of online sales of watches, particularly high-end watches continues to lag behind other categories such as apparel and leather goods, the pandemic crisis forces watch players to adapt to digital commerce or risk a potential collapse of their business.
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Overview
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in United Kingdom 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 United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Timepieces in United Kingdom 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 United Kingdom?
- What are the major brands in United Kingdom?
- 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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Request more informationTable of Contents
Luxury Timepieces in the United Kingdom - Category analysis
KEY DATA FINDINGS
2020 IMPACT
Store closures cause declines in sales of luxury timepieces
COVID-19 makes e-commerce expansion a must
RECOVERY AND OPPORTUNITIES
Luxury brands tap into the demand for exceptionalism and exclusivity
Resale opportunity grows for luxury timepieces
CATEGORY DATA
Table 1 Sales of Luxury Timepieces by Category: Value 2015-2020Table 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 the United Kingdom - Industry Overview
MARKET INDICATORS
Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020MARKET DATA
Table 9 Sales of Luxury Goods by Category: Value 2015-2020Table 10 Sales of Luxury Goods by Category: Value 2015-2020
Table 11 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 12 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 13 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 14 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 15 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 16 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 17 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 18 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
SOURCES
Summary 1 Research SourcesCATEGORY DATA
Table 19 Sales of Experiential Luxury by Category: Value 2015-2020Table 20 Sales of Experiential Luxury by Category: % Value Growth 2015-2020
Table 21 NBO Company Shares of Experiential Luxury: % Value 2015-2019
Table 22 LBN Brand Shares of Experiential Luxury: % Value 2016-2019
Table 23 Forecast Sales of Experiential Luxury by Category: Value 2020-2025
Table 24 Forecast Sales of Experiential Luxury by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 25 Sales in Luxury Foodservice: Value 2015-2020Table 26 Sales in Luxury Foodservice: % Value Growth 2015-2020
Table 27 Sales in Luxury Foodservice: % Value Growth 2015-2020
Table 28 Sales in Luxury Foodservice: % Value Growth 2015-2020
Table 29 NBO Company Shares in Luxury Foodservice: % Value 2015-2019
Table 30 LBN Brand Shares in Luxury Foodservice: % Value 2016-2019
Table 31 Forecast Sales in Luxury Foodservice: Value 2020-2025
Table 32 Forecast Sales in Luxury Foodservice: % Value Growth 2020-2025
CATEGORY DATA
Table 33 Sales in Luxury Hotels: Value 2015-2020Table 34 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 35 Sales in Luxury Hotels: % Value Growth 2015-2019
Table 36 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 37 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 38 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 39 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 40 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025
CATEGORY DATA
Table 41 Sales of Fine Wines/Champagne and Spirits by Category: Value 2015-2020Table 42 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2015-2020
Table 43 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2015-2019
Table 44 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2016-2019
Table 45 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2015-2020
Table 46 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2020-2025
Table 47 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 48 Sales of Premium and Luxury Cars: Value 2015-2020Table 49 Sales of Premium and Luxury Cars: Value 2015-2020
Table 50 Sales of Premium and Luxury Cars: % Value Growth 2015-2020
Table 51 NBO Company Shares of Premium and Luxury Cars: % Value 2015-2019
Table 52 LBN Brand Shares of Premium and Luxury Cars: % Value 2016-2019
Table 53 Forecast Sales of Premium and Luxury Cars: Value 2020-2025
Table 54 Forecast Sales of Premium and Luxury Cars: Value 2020-2025
Table 55 Forecast Sales of Premium and Luxury Cars: % Value Growth 2020-2025
CATEGORY DATA
Table 56 Sales of Personal Luxury by Category: Value 2015-2020Table 57 Sales of Personal Luxury by Category: % Value Growth 2015-2020
Table 58 NBO Company Shares of Personal Luxury: % Value 2015-2019
Table 59 LBN Brand Shares of Personal Luxury: % Value 2016-2019
Table 60 Distribution of Personal Luxury by Format: % Value 2015-2020
Table 61 Forecast Sales of Personal Luxury by Category: Value 2020-2025
Table 62 Forecast Sales of Personal Luxury by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 63 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2015-2020Table 64 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2015-2020
Table 65 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2015-2019
Table 66 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2016-2019
Table 67 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2015-2020
Table 68 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2020-2025
Table 69 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 70 Sales of Luxury Eyewear by Category: Value 2015-2020Table 71 Sales of Luxury Eyewear by Category: % Value Growth 2015-2020
Table 72 NBO Company Shares of Luxury Eyewear: % Value 2015-2019
Table 73 LBN Brand Shares of Luxury Eyewear: % Value 2016-2019
Table 74 Distribution of Luxury Eyewear by Format: % Value 2015-2020
Table 75 Forecast Sales of Luxury Eyewear by Category: Value 2020-2025
Table 76 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 77 Sales of Luxury Jewellery by Category: Value 2015-2020Table 78 Sales of Luxury Jewellery by Category: % Value Growth 2015-2020
Table 79 NBO Company Shares of Luxury Jewellery: % Value 2015-2019
Table 80 LBN Brand Shares of Luxury Jewellery: % Value 2016-2019
Table 81 Distribution of Luxury Jewellery by Format: % Value 2015-2020
Table 82 Forecast Sales of Luxury Jewellery by Category: Value 2020-2025
Table 83 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 84 Sales of Luxury Leather Goods: Value 2015-2020Table 85 Sales of Luxury Leather Goods: % Value Growth 2015-2020
Table 86 NBO Company Shares of Luxury Leather Goods: % Value 2015-2019
Table 87 LBN Brand Shares of Luxury Leather Goods: % Value 2016-2019
Table 88 Distribution of Luxury Leather Goods by Format: % Value 2015-2020
Table 89 Forecast Sales of Luxury Leather Goods: Value 2020-2025
Table 90 Forecast Sales of Luxury Leather Goods: % Value Growth 2020-2025
CATEGORY DATA
Table 91 Sales of Luxury Portable Consumer Electronics by Category: Value 2015-2020Table 92 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2015-2020
Table 93 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2015-2019
Table 94 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2015-2019
Table 95 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2016-2019
Table 96 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2015-2020
Table 97 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2020-2025
Table 98 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 99 Sales of Luxury Timepieces by Category: Value 2015-2020Table 100 Sales of Luxury Timepieces by Category: % Value Growth 2015-2020
Table 101 NBO Company Shares of Luxury Timepieces: % Value 2015-2019
Table 102 LBN Brand Shares of Luxury Timepieces: % Value 2016-2019
Table 103 Distribution of Luxury Timepieces by Format: % Value 2015-2020
Table 104 Forecast Sales of Luxury Timepieces by Category: Value 2020-2025
Table 105 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2020-2025
CATEGORY DATA
Table 106 Sales of Luxury Writing Instruments and Stationery: Value 2015-2020Table 107 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2015-2020
Table 108 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2015-2019
Table 109 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2016-2019
Table 110 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2015-2020
Table 111 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2020-2025
Table 112 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2020-2025
CATEGORY DATA
Table 113 Sales of Super Premium Beauty and Personal Care by Category: Value 2015-2020Table 114 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2015-2020
Table 115 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2015-2019
Table 116 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2016-2019
Table 117 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2015-2020
Table 118 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2020-2025
Table 119 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2020-2025
Luxury Goods in the United Kingdom - Industry Overview
EXECUTIVE SUMMARY
COVID-19 impact on luxury goods
COVID-19 country impact
Company response
Retailing shift
What next for luxury goods?
MARKET INDICATOR
Table 120 Number of High Net Worth Individuals (HNWI): 2015-2020MARKET DATA
Table 121 Sales of Luxury Goods by Category: Value 2015-2020Table 122 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 123 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 124 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 125 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 126 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 127 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 128 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
Summary 2 Research SourcesWhy 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.
Want to find out more about this report?
Request more informationComplete Catalogue
Country Reports
- Luxury Timepieces in Argentina | Jan 2021
- Luxury Timepieces in Australia | Jan 2021
- Luxury Timepieces in Brazil | Jan 2021
- Luxury Timepieces in Canada | Jan 2021
- Luxury Timepieces in China | Jan 2021
- Luxury Timepieces in France | Jan 2021
- Luxury Timepieces in Germany | Jan 2021
- Luxury Timepieces in Hong Kong, China | Jan 2021
- Luxury Timepieces in India | Feb 2021
- Luxury Timepieces in Indonesia | Jan 2021
- Luxury Timepieces in Italy | Jan 2021
- Luxury Timepieces in Japan | Jan 2021
- Luxury Timepieces in Malaysia | Feb 2021
- Luxury Timepieces in Mexico | Jan 2021
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- Luxury Timepieces in Romania | Jan 2021
- Luxury Timepieces in Russia | Jan 2021
- Luxury Timepieces in Singapore | Jan 2021
- Luxury Timepieces in South Africa | Feb 2020
- Luxury Timepieces in South Korea | Jan 2021
- Luxury Timepieces in Spain | Jan 2021
- Luxury Timepieces in Sweden | Jan 2021
- Luxury Timepieces in Switzerland | Jan 2021
- Luxury Timepieces in Taiwan | Jan 2021
- Luxury Timepieces in Thailand | Jan 2021
- Luxury Timepieces in the Netherlands | Jan 2021
- Luxury Timepieces in the Philippines | Jan 2021
- Luxury Timepieces in the United Arab Emirates | Jan 2021
- Luxury Timepieces in the US | Jan 2021
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- Luxury Timepieces in Ukraine | Jan 2021
Company Reports
Complete Catalogue
Country Reports
- Luxury Timepieces in Argentina | Jan 2021
- Luxury Timepieces in Australia | Jan 2021
- Luxury Timepieces in Brazil | Jan 2021
- Luxury Timepieces in Canada | Jan 2021
- Luxury Timepieces in China | Jan 2021
- Luxury Timepieces in France | Jan 2021
- Luxury Timepieces in Germany | Jan 2021
- Luxury Timepieces in Hong Kong, China | Jan 2021
- Luxury Timepieces in India | Feb 2021
- Luxury Timepieces in Indonesia | Jan 2021
- Luxury Timepieces in Italy | Jan 2021
- Luxury Timepieces in Japan | Jan 2021
- Luxury Timepieces in Malaysia | Feb 2021
- Luxury Timepieces in Mexico | Jan 2021
- Luxury Timepieces in Poland | Jan 2021
- Luxury Timepieces in Romania | Jan 2021
- Luxury Timepieces in Russia | Jan 2021
- Luxury Timepieces in Singapore | Jan 2021
- Luxury Timepieces in South Africa | Feb 2020
- Luxury Timepieces in South Korea | Jan 2021
- Luxury Timepieces in Spain | Jan 2021
- Luxury Timepieces in Sweden | Jan 2021
- Luxury Timepieces in Switzerland | Jan 2021
- Luxury Timepieces in Taiwan | Jan 2021
- Luxury Timepieces in Thailand | Jan 2021
- Luxury Timepieces in the Netherlands | Jan 2021
- Luxury Timepieces in the Philippines | Jan 2021
- Luxury Timepieces in the United Arab Emirates | Jan 2021
- Luxury Timepieces in the US | Jan 2021
- Luxury Timepieces in Turkey | Jan 2021
- Luxury Timepieces in Ukraine | Jan 2021