Mechanical watches are still highly regarded as a status symbol in Singapore. Sales of watches have been growing, with the younger generation increasingly concerned about “accessorising” themselves.
One key trend in watches is the waning demand for basic and mid digital watches. This is due to the high penetration rate of smartphones and, now, smart wearables to pair them with.
Rolex Singapore remains the leading player in Singapore, followed by Louis Vuitton Singapore. Luxury watches are doing well in Singapore as they are consistently perceived as an indicator of social status, attracting higher-income individuals to invest in timepieces.
In line with the popularisation of online retailing, spending on luxury goods is slowly shifting online too. The online channel for watches is undeniably gaining importance, and it is forecast that the trend will continue in the coming years.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Discover the latest market trends and uncover sources of future market growth for the Watches industry in Singapore 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 Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Watches in Singapore 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.