PROSPECTS AND OPPORTUNITIES
Luxury segment set for further gains
While basic watches will likely remain the largest category in retail volume terms, high watches is expected to be the most dynamic category within traditional watches. Rising disposable incomes and an increasingly aspirational consumer base is expected to fuel growing interest in luxury watches, particularly among urban professionals and collectors who see watches as both a statement of achievement and a long-term investment.
Connected watches becoming mainstream with ongoing innovation set to drive demand
Sales of connected watches experienced substantial growth over the last few years of the review period, but this growth is likely to stabilise over the forecast period in percentage terms. Activity watches, which is one of the important categories of connected watches, is facing a highly competitive environment.
Retail offline v retail online
Over the forecast period, traditional watches will likely continue to be sold largely offline, albeit with e-commerce continuing to gradually win share. As seen with other fashion accessories, when it comes to buying traditional watches the ability to try, feel and examine the product in person is still seen as an important part of the purchasing process.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in India 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 India, 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 India 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 India?
- Which are the leading brands in Traditional and Connected Watches in India?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in India?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in India?
- 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 India - Category analysis
KEY DATA FINDINGS
Sales of watches remain strong across the board
Gifting remains a strong sales driver for traditional watches in India
Premiumisation creating increased competition but Titan remains on top
Luxury segment set for further gains
Connected watches becoming mainstream with ongoing innovation set to drive demand
Retail offline v retail online
Personal Accessories in India - 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
-
-
-
- Basic Mechanical Watches
- Mid Mechanical Watches
- High Mechanical Watches
-
- Basic Quartz Analogue Watches
- Mid Quartz Analogue Watches
- High Quartz Analogue Watches
-
- Basic Quartz Digital Watches
- Mid Quartz Digital Watches
- High Quartz Digital Watches
-
-
-
- Basic Quartz Analogue Watches
- Basic Quartz Digital Watches
- Basic Mechanical Watches
-
- Mid Quartz Analogue Watches
- Mid Quartz Digital Watches
- Mid Mechanical Watches
-
- High Quartz Analogue Watches
- High Quartz Digital Watches
- High Mechanical Watches
-
-
-
-
-
- Basic Activity Watch (Analogue)
- Mid Activity Watch (Analogue)
- High Activity Watch (Analogue)
-
- Basic Activity Watch (Digital)
- Mid Activity Watch (Digital)
- High Activity Watch (Digital)
-
- Basic Smart Wearables
- Mid Smart Wearables
- High Smart Wearables
-
-
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.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!