Category: Watches & Clocks
Watches & Clocks market research reports by Euromonitor International
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Personal Accessories in Taiwan
Personal Accessories in Taiwan In 2023, Taiwan's personal accessories industry experienced strong current retail value growth, driven by notable trends. The demand for bags and luggage rose, with consumers seeking high-quality, fashionable options, with many showing a preference for environmentally ... Read More
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Personal Accessories in Sweden
Personal Accessories in Sweden Sales of personal accessories in Sweden continued to expand in current value terms in 2023, although the rate of growth was more modest compared to the previous year. Performance was boosted by a return to pre-pandemic lifestyles, including increased levels of internat ... Read More
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Traditional and Connected Watches in Japan
Traditional and Connected Watches in Japan Increasing unit prices has been a decades-long trend in traditional watches. Especially after the COVID-19 pandemic, unit prices rose by over 10% YoY from 2020 to 2022. The last decade also saw numerous years of volume decline. A main reason behind this was ... Read More
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Traditional and Connected Watches in Mexico
Traditional and Connected Watches in Mexico The positive volume and current value performances expected for traditional and connected watches in Mexico in 2023 can be attributed to post-pandemic economic recovery, stability in employment, and progress in consumer spending. This is closely linked to ... Read More
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Traditional and Connected Watches in Australia
Traditional and Connected Watches in Australia In 2023, traditional watches is set to witness a stronger decline in volume sales and slower growth in current value terms than in the previous year in Australia. This deceleration can be attributed to consumers curtailing their spending on discretionar ... Read More
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Traditional and Connected Watches in the Netherlands
Traditional and Connected Watches in the Netherlands Despite a projected decline in luxury product demand in the Netherlands, mechanical watches continue to garner enthusiasm and promotional efforts. Mainstream manufacturers' consistent introduction of new models forecasts steady growth for mechanic ... Read More
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Personal Accessories in Japan
Personal Accessories in Japan In 2023, there was a symbolic pivot in how Japan faced COVID-19. It was in May that the government announced that it would reclassify COVID-19 from a Class 2 infectious disease to a Class 5 infectious disease. Class 2 meant it was a crucial disease that the government n ... Read More
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Selling Jewellery to Gen Z: Opportunities and Challenges
Selling Jewellery to Gen Z: Opportunities and ChallengesTo boost sales, the jewellery industry must focus on Gen Z, which comprises over 23% of the population and has growing purchasing power. The industry faces the challenge of aligning with Gen Z’s values to secure their attention and spending. Te ... Read More
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Personal Accessories in Australia
Personal Accessories in Australia In the challenging economic climate of 2023, personal accessories is navigating a landscape marked by hyperinflation and economic uncertainty. The slowing of sales growth observed in the latter half of 2022 appears to be continuing in 2023, as consumers grapple with ... Read More
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Traditional and Connected Watches in China
Traditional and Connected Watches in China In 2023, following the post-COVID-19 reopening, traditional and connected watches in China began to gradually recover, particularly after travel and health restrictions were lifted. After seeing a strong decline in 2022, the category is set to see some reco ... Read More
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Traditional and Connected Watches in Indonesia
Traditional and Connected Watches in Indonesia Traditional and connected watches registered relatively modest growth in constant value terms in 2023, when compared to the previous year. This was due to the declining fortunes of quartz analogue watches, which represented the largest category in terms ... Read More
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Traditional and Connected Watches in Romania
Traditional and Connected Watches in Romania The challenging economic climate has significantly impacted consumer behaviour in Romania when it comes to watches. Some consumers, whose budgets have been constrained by inflation, have opted for more affordable products or delayed their purchases, while ... Read More
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Traditional and Connected Watches in the US
Traditional and Connected Watches in the US Traditional watches in the US witnessed a swift rebound in sales in 2021, surpassing initial expectations, driven predominantly by the surge in demand for high watches (over USD1,000). However, the momentum has since seen a notable deceleration across all ... Read More
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Traditional and Connected Watches in the United Arab Emirates
Traditional and Connected Watches in the United Arab Emirates Consumers are increasingly seeking greater control over their personal health, aligning with a new perspective on wellness that emphasises long-term and preventive measures. This shift is fuelling the growth of digital health solutions an ... Read More
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Personal Accessories in the United Arab Emirates
Personal Accessories in the United Arab Emirates In 2023, growth of personal accessories in the United Arab Emirates remains substantial, although the performance of the industry is uneven; with luxury brands outpacing their mass counterparts. In fact, across all personal accessories categories, wit ... Read More
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Traditional and Connected Watches in Singapore
Traditional and Connected Watches in Singapore Traditional watches in Singapore is set to achieve slower growth in 2023 compared with 2022, although the category is expected to continue to register solid growth in retail current value terms and lower but steady growth in retail volume terms. After a ... Read More
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Traditional and Connected Watches in the United Kingdom
Traditional and Connected Watches in the United Kingdom After disruption to sales due to COVID-19 in 2020 and 2021, traditional watches resumed its pre-pandemic slow and steady declining trend in volume terms in 2022, a trend which is set to continue in 2023. Indeed, in 2023, every category within t ... Read More
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Personal Accessories in the Netherlands
Personal Accessories in the Netherlands Personal accessories is anticipated to experience subdued growth in 2023, influenced by factors such as inflation, increased energy costs, and higher taxes, leading to a dampened demand. This slower recovery follows a previous year of rapid growth. Despite the ... Read More
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Personal Accessories in Malaysia
Personal Accessories in Malaysia Since pandemic restrictions were lifted there has been a general uptick in sales across all categories of personal accessories, with this pattern continuing into 2023. The reopening of Malaysia’s borders has seen the return of international tourism, with inbound tour ... Read More
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Wearable Electronics in Germany
Wearable Electronics in Germany Wearable electronics have proven to be versatile in their various functions in the daily lives of many consumers, providing a configurable, simple, and affordable tracker for basic physical conditions through their easy connection to smartphones. However, wearable ele ... Read More
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Luxury Goods in Germany
Luxury Goods in Germany Retail sales of luxury goods in Germany increased by 2% in current value terms to reach EUR62.5 billion in 2023. Luxury goods had seen two years of declining sales in 2020 and 2021, with its performance heavily impacted by the various measures put in place across these years ... Read More
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Wearable Electronics in Hong Kong, China
Wearable Electronics in Hong Kong, China Wearable electronics is the boom category in 2023, seeing excellent volume growth, and with smart wearables as the best-performing category. On the other hand, sales of activity bands continued to plateau. The decline in the popularity of activity bands/activ ... Read More
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Wearable Electronics in Taiwan
Wearable Electronics in Taiwan Wearable electronics continued to see a healthy performance in retail volume terms in 2023, supported by increased purchases of activity watches and smart wearables. Prevailing health and wellness trends and the high levels of convenience and functionality offered by t ... Read More
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Wearable Electronics in Portugal
Wearable Electronics in Portugal Wearable electronics experienced a modest decline in retail volume terms in 2023. Demand continued to be impacted by the high cost of living, at least during the first half of the year, which led to more guarded discretionary spending. As in 2022, smart wearables wer ... Read More
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Wearable Electronics in the Netherlands
Wearable Electronics in the Netherlands Wearable electronics is set to record volume growth in 2023 thanks to smart wearables and activity watches (analogue). Smart wearables, such as smartwatches, are driving growth during the year, as the penetration rate is low and new consumers are becoming awar ... Read More
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