The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreAug 2020
US$990Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Like jewellery, watches remains for the most part, a discretionary item in Canada, and therefore with many consumers prioritising their expenditure during the lockdown imposed from March 2020, and focusing on more basic needs, demand for watches across the category has significantly fallen. In addition, with many local consumers working and socialising from home, they are more likely to rely on digital devices such as laptops for time-keeping.
Watches in Canada remained a fairly fragmented competitive environment in 2019, led by Timex Group Canada Inc (quartz analogue watches) and Swatch Group (Canada) Ltd (mid mechanical watches), the only two players to hold double-digit value share. Timex benefits from the broad distribution for its range of mid and basic watches, including online sales through Timex.
With restricted access to store-based specialist retailers during lockdown measures implemented by the Canadian government in response to COVID-19, sales of watches through the dominant distribution channel of leisure and personal goods specialist retailers experienced double-digit declines in value sales terms in Q2 2020, in addition to loss of value share to the dynamic e-commerce. Prestigious boutiques located in upmarket Toronto’s Yorkdale Shopping Centre particularly suffered as the latter was closed during March in line with lockdown measures and did not reopen its doors until 22 June.
Files are delivered directly into your account within a few minutes of purchase.
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.
Delivery: 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 Watches industry in Canada 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 Watches industry in Canada, our research will save you time and money while empowering you to make informed, profitable decisions.
The Watches in Canada market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our watches market research database.
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.