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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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 ...

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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...

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Watches in the United Arab Emirates

Jul 2021

The majority of luxury watch sales in the United Arab Emirates are fuelled by high-income tourists. The slow return of these tourists negatively impacted growth in 2021, although sales expected to get close to 2019 levels by 2022. Many travellers ...

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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 ...

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Watches in the United Kingdom

Jul 2021

2020 was a difficult year for most watches players. Indeed, the COVID-19 pandemic put a halt to tourism and a lockdown in the UK, forcing a great range of businesses and non-essential shops to close for an extended period. Additionally, it prevented ...

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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 ...

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Watches in Singapore

Jul 2021

High watches is set to experience a faster recovery than other categories within watches due to the resilient nature of the category, (which is historically known to bounce back after economical disturbances). In addition, the global value of exports...

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Watches in South Africa

Jul 2021

Similar to the jewellery category, watch sales are impacted by decreased consumer spending thanks to consumers’ price sensitivity and eschewing of non-essential items. Consumers’ disposable incomes have decreased at the end of the review period in ...

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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 ...

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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...

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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 ...

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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...

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Watches in Taiwan

Jul 2021

At the start of the COVID-19 pandemic, there were issues with the supply chain that disrupted distribution and sales of watches. For example, multiple leading watch brands, such as Rolex, Patek Philip, and Hublot, suspended manufacturing and new ...

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Watches in the Philippines

Jul 2021

Like jewellery, watches is also set to experience a resurgence among high income earners in 2021 who continue to be unable to spend money on international travel and on consumer foodservice, among other activities. However, some of largest watch ...

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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 ...

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Watches in France

Jul 2021

Watches is set to see a return to growth in 2021 following the marked decline in sales witnessed in the previous year as a result of store closures and the absence of inbound tourists due to the COVID-19 crisis. However, sales are expected to remain ...

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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 ...

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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 ...

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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...

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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 ...

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