Watches & Clocks Market Research Reports & Industry Analysis

Clocks and watches, also known as timekeeping pieces, are a part of an industry made up of primarily of manufacturers and assemblers of watches, clocks, time and date recording devices, timing mechanisms for clock devices and parts like springs, modules and jewels for these pieces. Though Switzerland is often touted as the leader in the watch and clock industry worldwide, the industry has its greatest focus in mainland Asia and Japan. In the U.S., clock and watch shipments dropped drastically in 2009 to $318 million, while the cost of materials increased to $162 million in 2010 from $146 million the year prior. Employment in these industries reflected these trends with the number of employees dropping from 1,703 in 2009 to 1,583 in 2010. While traditional clocks and watches have experienced downward trends in the United States, smartwatches, which are wrist-worn wearable devices with functionalities the surpass those of the traditional wristwatch, have grown in popularity. The global market for smartwatches was estimated to be valued at $702.5 million in 2013 with shipments of over 2 million units in the same year. High-end smartwatches encompassed approximately 90% of the overall market share in 2013, though the industry finds many consumers are still reluctant to pay between $250 and $300 for these devices. MarketResearch.com provides a large collection of market research on the watches and clocks industry. You can explore comprehensive reports on watches and clocks and find out about the latest product releases. We also offer detailed industry reports, databases, forecast reports and guides on markets in the U.S. and around the globe.
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Watches & Clocks Industry Research & Market Reports

  • Middle East & Africa Watch Market Outlook, 2029

    ... accessories; they are symbols of craftsmanship, heritage, and social standing. High-end brands with a history of watchmaking excellence find a receptive audience drawn to the prestige associated with owning a timepiece with historical significance. The ... Read More

  • Europe Watch Market Outlook, 2029

    ... dominance in luxury timepieces, the continent, particularly Switzerland, has consistently set the gold standard in watchmaking. Swiss watches, epitomised by iconic brands such as Rolex, Patek Philippe, and Omega, have become synonymous with exceptional quality, ... Read More

  • South America Watch Market Outlook, 2029

    ... organized, and more inventive products are represented more prominently when it comes to devices like smartwatches. There will be a shift towards massification and a drop in the average price in Latin America due to ... Read More

  • Asia-Pacific Watch Market Outlook, 2029

    ... watches. The region's mid watches have grown at the fastest rate. This is mostly because, as their expectations rise, many of the customers who previously bought basic watches are now eager to upgrade to mid ... Read More

  • Global Watch Market Overview, 2024-29

    ... and e-commerce are some of the major factors propelling the market. A watch is a portable timekeeping device that is typically worn on the wrist. It serves the primary function of displaying the current time, ... Read More

  • Germany Watch Market Overview, 2029

    ... watchmakers have carved a niche for themselves in an industry dominated by Swiss counterparts. Rooted in a history that spans centuries, Germany's watchmaking tradition is a fascinating tapestry woven with the threads of iconic brands, ... Read More

  • Europe Secondhand Luxury Goods Market Report by Type (Jewelry and Watches, Handbags, Clothing, Small Leather Goods, Footwear, Accessories, and Others), Demography (Men, Women, Unisex), Distribution Channel (Offline, Online), and Country 2024-2032

    ... goods market size reached US$ 18.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032. The escalating demand ... Read More

  • Online Jewellery & Watch Retailers in the UK - Industry Market Research Report

    ... fine items to second-hand items and costume jewellery. The industry includes online-only retailers and brick-and-mortar stores with an online presence. This report covers the scope, size, disposition and growth of the industry including the key ... Read More

  • Jewelry & Watch Wholesaling in the US - Industry Market Research Report

    ... input to products, and the weight of the precious metal that a piece of jewelry contains primarily determines its retail price. Any significant change in the prices of commodities, including gold, silver or platinum, strongly ... Read More

  • Personal Accessories in Poland

    ... affordable and durable products, especially in the watches and jewellery categories. This economic climate also resulted in a decline in impulse purchases and a preference for value-for-money options, including private label. Despite these challenges, the ... Read More

  • Personal Accessories in Turkey

    ... country's unstable economic conditions contributed to Turkey's slower economic resurgence compared to many other countries. With rising prices and a sluggish GDP recovery, Turkish consumers exhibit a cautious approach towards expenditure. Economic uncertainties have fostered ... Read More

  • Traditional and Connected Watches in Canada

    ... thanks to their advanced features and seamless integration with digital devices. Euromonitor International's Traditional and Connected Watchesin Canada report offers a comprehensive guide to the size and shape of the market at a national level. ... Read More

  • Watches Market Trends in China

    ... rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far outpacing other economies in the world, China is the world’s ... Read More

  • Personal Accessories in Taiwan

    ... showing a preference for environmentally friendly materials. Jewellery saw a shift towards personalised designs and increased emphasis on sustainability and ethical sourcing. Writing instruments maintained steady growth, particularly in the premium and luxury segment, whi... ... Read More

  • Personal Accessories in Sweden

    ... by a return to pre-pandemic lifestyles, including increased levels of international travel, which a welcome to boost to luggage in particular. Luxury handbags and high-end watches also fared relatively well, in keeping with the premiumisation ... Read More

  • Traditional and Connected Watches in Japan

    ... decade also saw numerous years of volume decline. A main reason behind this was the rise of mobile phones and smart wearables. Mobile phones are deeply penetrated in people’s lives, not just as a tool ... Read More

  • Traditional and Connected Watches in Mexico

    ... in consumer spending. This is closely linked to the return of in-person activities, whereby casual gatherings, hybrid work arrangements, and the return to in-person classes are encouraging Mexican consumers to acquire the latest trends in ... Read More

  • Traditional and Connected Watches in Australia

    ... deceleration can be attributed to consumers curtailing their spending on discretionary items due to the ongoing cost-of-living crisis. However, amidst the economic headwinds, high watches is anticipated to demonstrate remarkable resilience, contributing to growth in ... Read More

  • Traditional and Connected Watches in the Netherlands

    ... steady growth for mechanical watches in 2023. Retailers anticipate a positive shift, attributing it to the resurgence of tourism, particularly with the return of affluent visitors from China and India, well-known for their affinity towards ... Read More

  • Personal Accessories in Japan

    ... to a Class 5 infectious disease. Class 2 meant it was a crucial disease that the government needed to carefully watch and monitor trends; however, Class 5 is the same class as seasonal influenza. This ... Read More

  • Selling Jewellery to Gen Z: Opportunities and Challenges

    ... of aligning with Gen Z’s values to secure their attention and spending. Technology, particularly social media, is vital for engaging with them, serving as both a self-presentation platform and a shopping destination. Understanding and responding ... Read More

  • Personal Accessories in Australia

    ... appears to be continuing in 2023, as consumers grapple with the effects of the cost-of-living crisis. However, amidst this economic turbulence, the luxury segment of personal accessories is emerging as a resilient outlier, driving substantial ... Read More

  • Traditional and Connected Watches in China

    ... in 2022, the category is set to see some recovery in 2023, although it is not set to return to its 2021 levels of sales in either retail volume or current value terms. Within this ... Read More

  • Traditional and Connected Watches in Indonesia

    ... analogue watches, which represented the largest category in terms of sales. This disappointing performance was partly attributable to the widespread use of smartphones for telling the time, which precluded the need for separate instruments. In ... Read More

  • Traditional and Connected Watches in Romania

    ... affordable products or delayed their purchases, while others have started viewing luxury watches as a viable investment opportunity. This shift in perception is driven by the belief that investing in watches can serve as a ... Read More

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