Watches

Market research on the watches industry. Standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends.
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Fossil Group Inc in Personal Accessories

Jan 2021

Fossil Group's sales have declined across its stable of owned and licensed brands in recent years, as consumers’ shift from traditional watches to smartwatches has coincided with weakening foot traffic to shopping malls and department stores. With ...

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Watches in Switzerland

Sep 2020

Pre-COVID-19, the performance of watches had continued to be influenced by several trends. Increasing digitalisation in society has led to the ongoing reliance of digital devices such as smartphones amongst a higher number of consumers for ...

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Watches in Germany

Sep 2020

The COVID-19 pandemic has been hitting sales of watches in Germany hard in 2020. Given the travel disruptions worldwide in 2020, inbound flights to Germany have reached rock bottom in 2020. Given the strong share contribution to value sales of high ...

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Watches in South Africa

Sep 2020

Economic instability and an increasing dependence on digital devices such as smartphones for timekeeping purposes was already impacting demand for watches in South Africa prior to the emergence of COVID-19 and the ensuing lockdown measures, resulting...

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Watches in Sweden

Sep 2020

Watches is seen as a non-essential consumer product and can be classified as a cyclical industry, which tends to follow the patterns of economic growth and downturns. Taking into consideration the high prices of watches, especially products in the ...

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Watches in the US

Aug 2020

With consumers suffering from economic constraints and having few places to wear new watches amid lockdowns and quarantines, watches is among the product categories hardest-hit from the effects of COVID-19, with basic, mid, and high watches all ...

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Watches in Brazil

Aug 2020

The volume sales of watches globally are already facing competition from new technologies such as cell phones and, even more directly, smartwatches. The growth of these products is being driven by their more functional characteristics and greater ...

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Watches in Romania

Aug 2020

Watches will record a major decline in sales in 2020, mainly driven by the impact of COVID-19 on consumer purchasing power in Romania, but also by enforced store closures. High mechanical watches will be the most-affected product in the watches ...

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Watches in Spain

Aug 2020

After enduring marginal declines in growth during the review period, retail volume sales of watches are set to register double-digit declines in 2020 as a result of the outbreak of the COVID-19 pandemic. Over the same review period, current value ...

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Watches in India

Aug 2020

Weddings are an important stimulus for manufacturers of watches as watches are commonly given as gifts to newlyweds. Manufacturers are often reliant on these events in order to sustain sales growth during times of economic slowdown. However, the ...

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Watches in Malaysia

Aug 2020

Coronavirus (COVID-19) has had a strong impact on watches during 2020. The Malaysia Movement Control Order (MCO)’s closure of non-essential retail stores, including jewellery and watch specialist retailers and department stores, limited access to ...

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Watches in the United Kingdom

Aug 2020

Despite the value of Swiss watch exports to the country increasing in 2019, growth in watches in the UK had been slowing because the pound has strengthened in value and watchmakers increased prices against the backdrop of the Brexit negotiations. ...

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Watches in Taiwan

Aug 2020

Watches is being negatively affected by the impacts of COVID-19, due to reduced consumer disposable incomes and spending confidence, along with the fact footfall in physical stores and shopping malls has reduced. Watches performed well in January ...

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Watches in the Philippines

Aug 2020

Decreasing disposable incomes among consumers have been significantly hampering the performance of watches in 2020. Retail outlets have been forced to close and supply lines and logistics have been interrupted, even after the initial lockdowns were ...

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Watches in the United Arab Emirates

Aug 2020

Although the COVID-19 pandemic has wrought havoc internationally on the sale of watches the United Arab Emirates’ watch sales have proven to be more resilient in 2020. However, the sale of premium goods, including watches, will be impacted as ...

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Watches in Argentina

Aug 2020

Watches will be impacted in 2020 overall due to the tight restrictions that the Government has placed on the country. Argentina has seen unemployment rates rise as a result of the COVID-19 pandemic, leaving many consumers having to cut out ...

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Watches in China

Aug 2020

In 2019, watches had been benefiting from demand shifting back to mainland China. High watches in particular were leading the healthy growth momentum in watches sales, with prestige, luxury and high range watches being increasingly appreciated by ...

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Watches in Poland

Aug 2020

During the review period, retail volume and current value sales of watches recorded relatively strong and steady growth, although volume sales exhibited some fragility in recent years. While most Poles bought less expensive models, a growing ...

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Watches in Hong Kong, China

Aug 2020

The watches category was already suffering in 2019 due to the political unrest in Hong Kong, and the drop in tourism activity seen in the second half of the year. 2020 has been even worse, with border closures and tourism dropping to almost zero. The...

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Watches in Thailand

Aug 2020

Coronavirus (COVID-19) has had a strong impact on watches in Thailand. The closure of non-essential retail channels has limited access to watches, although, as in other categories, there has been a shift to e-commerce as consumers cope with lockdown....

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