Watches

Market research on the Personal Accessories industry. Standardise...

Market research on the Personal Accessories industry. Standardised and cross-comparable statistics including total market sizes, market shares, industry trends.

Country Report

Watches in Mexico

Jul 2021

Having plunged by more than a fifth during 2020, there will be a modest recovery in retail current value sales of watches during 2021. Even before the onset of the pandemic, retail current value sales of watches had begun to stagnate in a difficult…

USD 990
Country Report

Watches in the US

Jul 2021

With many consumers facing economic constraints or otherwise just having limited need to purchase and wear watches amid increased time spent at home, the category was among the hardest-hit from the effects of COVID-19, with basic, mid, and high…

USD 990
Country Report

Watches in Spain

Jun 2021

Due to the outbreak of COVID-19 in 2020, value sales recorded a 32% decline, with growing price sensitivity impacting consumer buying habits. All areas recorded a double-digit decline as a result, with mechanical watches, the largest area of watches…

USD 990
Country Report

Watches in Switzerland

Jul 2021

Retail current value sales of watches declined by almost a quarter during 2020, and while they will begin to expand again in 2021, this rebound will be very modest. World famous for its watches, demand for these products was particularly hard hit by…

USD 990
Country Report

Watches in Brazil

Jul 2021

The increasing diversity of new devices that are competing with traditional watches, such as smartwatches and even smartphones, has led some manufacturers of watches to start doubting about the potential of these products. For this reason, in recent…

USD 990
Country Report

Watches in Thailand

Jul 2021

The incomes of many Thai people remained under some pressure during 2021, a direct consequence of the COVID-19 pandemic and the interruption caused to commercial activity in key sectors of the Thai economy during 2020. As a result, demand for watches…

USD 990
Country Report

Watches in Russia

Jul 2021

High-end watches saw good a performance in 2020 as Russian consumers regard them as a good investment opportunity in times of uncertainty. It is likely that this tendency will continue in 2021 as the COVID-19 pandemic will continue to be present in…

USD 990
Country Report

Watches in Poland

Jul 2021

Watches are expected to register a rebound in 2021, with healthy current value growth. Medium-priced watches in particular are expected to see a strong recovery, as this price range suffered the steepest decline in 2020. Luxury brands such as Rolex…

USD 990
Country Report

Watches in Italy

Jul 2021

Watches was one of the worst hit categories by the COVID-19 pandemic in 2020 but is expected to post a mild recovery in 2021 with single digit growth expected for the year. At the beginning of 2021, the category began its slow recovery, but Italy was…

USD 990
Country Report

Watches in Canada

Jul 2021

Following the significant drop in demand in 2020, watches is on track to start recovery in 2021, although it will be regarded as a transition year. As with spectacle frames and jewellery, the pandemic and subsequent lockdown caused wealthy consumers…

USD 990
Country Report

Watches in Ukraine

Jul 2021

In 2021, watches will recover following plummeting current value and volume sales witnessed in 2020 as a result of the COVID-19 pandemic. However, a full recovery will be far from happening in 2021 as watches are not viewed as high necessity and have…

USD 990
Country Report

Watches in Turkey

Jul 2021

In 2020, watches was negatively impacted by the COVID-19 pandemic and as a result current value and volume sales dropped. The main reason for this was due to the financial repercussions of the pandemic which led many consumers to economise and…

USD 990
Country Report

Watches in South Korea

Jul 2021

In early 2020, couples postponed or cancelled weddings as COVID-19 created considerable uncertainty around the world. However, by 2021 people have been becoming accustomed to the new normal which includes social distancing and pared down life events…

USD 990
Country Report

Watches in Germany

Sep 2021

Watches, with its reliance on international tourists, suffered huge sales losses in 2020. 2021 sales are managing to grow from the lows of 2020, although they are still some way from returning to pre-pandemic levels due to ongoing restrictions on…

USD 990
Country Report

Watches in Japan

Jul 2021

Against the background of a historically high stock market, high watches saw almost full current value sales recovery following the COVID-19 pandemic in 2021. High watches returned much closer to 2019 sales levels in comparison to basic and mid…

USD 990
Country Report

Watches in India

Jul 2021

Most watch retailers experienced positive sales growth between October 2020 and March 2021 and some even saw growth in their quarterly revenues when compared to 2019 during this period. This was largely triggered by the backlog of weddings created by…

USD 990
Country Report

Watches in China

Jul 2021

China watches sales were not spared during the COVID-19 pandemic, as non-essential goods and watches sales were hit hard in early-2020. This is a product area that relies heavily on store-based retailing channels, especially watch specialist…

USD 990
Country Report

Watches in Indonesia

Jul 2021

Having plunged by just over a fifth during 2020, retail current value sales of watches are set to rebound strongly during 2021. However, they will remain below their pre-pandemic (2019) peak. Economic disruption arising from COVID-19 had a…

USD 990
Country Report

Watches in the Netherlands

Jul 2021

Before the outbreak of COVID-19, demand for watches in the Netherlands was increasing. Manufacturers and retailers profited from intense promotion of watches as a fashion accessory, and from encouraging consumers to purchase more varieties to…

USD 990
Country Report

Watches in Malaysia

Jul 2021

Following significant declines in 2020 as a result of the pandemic, watches is predicted to record a much improved performance due to pent-up demand, although various restrictions in place over the first half of the year are likely to influence…

USD 990
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