PROSPECTS AND OPPORTUNITIES
Rise of second-hand market and auction of traditional watches
The second-hand market for traditional watches in Hong Kong is set to gain further growth momentum, driven by a confluence of factors, including increasing consumer interest in vintage goods, a growing appreciation for craftsmanship, and the rise of sustainable consumption. Collectors and enthusiasts are keen to acquire vintage timepieces, not only for their aesthetic and historical value, but also as investment assets that can appreciate over time.
Smart wearables to gain further share from traditional watches
Demand for traditional quartz analogue and digital watches in Hong Kong is expected to come under further pressure from smart wearables over the forecast period. While high mechanical watches will be less impacted by the trend due to the prestigious value placed on investment pieces, especially for resale purposes, basic and mid quartz watches, as well as some high quartz watches, are expected to be substituted by connected watches due to the ease of usage and growing demand for functionality.
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Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Traditional and Connected Watches industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Traditional and Connected Watches in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Traditional and Connected Watches in Hong Kong, China?
- Which are the leading brands in Traditional and Connected Watches in Hong Kong, China?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in Hong Kong, China?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in Hong Kong, China?
- In the wake of COVID-19, how soon can Traditional and Connected Watches be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Traditional and Connected Watches in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Significant drop in demand for traditional watches, while sales of connected watches remain strong
Interest in sports and fitness activities drives demand for smart wearables
Traditional watch players leverage brand collaborations to attract consumers
Rise of second-hand market and auction of traditional watches
Smart wearables to gain further share from traditional watches
Personal Accessories in Hong Kong, China - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Traditional and Connected Watches
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- Basic Mechanical Watches
- Mid Mechanical Watches
- High Mechanical Watches
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- Basic Quartz Analogue Watches
- Mid Quartz Analogue Watches
- High Quartz Analogue Watches
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- Basic Quartz Digital Watches
- Mid Quartz Digital Watches
- High Quartz Digital Watches
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- Basic Quartz Analogue Watches
- Basic Quartz Digital Watches
- Basic Mechanical Watches
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- Mid Quartz Analogue Watches
- Mid Quartz Digital Watches
- Mid Mechanical Watches
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- High Quartz Analogue Watches
- High Quartz Digital Watches
- High Mechanical Watches
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- Basic Activity Watch (Analogue)
- Mid Activity Watch (Analogue)
- High Activity Watch (Analogue)
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- Basic Activity Watch (Digital)
- Mid Activity Watch (Digital)
- High Activity Watch (Digital)
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- Basic Smart Wearables
- Mid Smart Wearables
- High Smart Wearables
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Why buy this report?
- 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
This report originates from Passport, our Traditional and Connected Watches research and analysis database.
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