PROSPECTS AND OPPORTUNITIES
Connected watches will drive category growth, while second-hand sales of luxury watches are expected to increase over the forecast period
Over the forecast period, traditional and connected watches is expected to enjoy robust volume and current value growth thanks to the rising popularity of connected watches, and in particular smart wearables.
Active lifestyle marketing activities set to attract more customers
The Indonesian government has recognised the potential for sports to boost Bali's tourism industry, with activities such as marathons, cycling and triathlons attracting fitness enthusiasts from overseas. This trend correlates with the rising use of wearable tech among tourists and athletes, as they seek to track their fitness while participating in sporting events across the island.
Emerging local luxury brand Regan Harney sets its sights on expansion across the region
Regan Harney, a local luxury watch brand, made a significant impact with its recent launch at The Brassey in Pantai Indah Kapuk, Jakarta, where it sold 100 units in under 24 hours. Known for its premium quality and innovative designs that blend craftsmanship with local pride, Regan Harney has captured the attention of both local and overseas consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Indonesia 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 Indonesia, 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 Indonesia 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 Indonesia?
- Which are the leading brands in Traditional and Connected Watches in Indonesia?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in Indonesia?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in Indonesia?
- 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 Indonesia - Category analysis
KEY DATA FINDINGS
Traditional timepieces continue to lose ground to connected watches in 2024
Indonesian government imposes new taxes on imported watches, but international players still lead the field
Gen Z shows a keen interest in luxury watches and shopping online
Connected watches will drive category growth, while second-hand sales of luxury watches are expected to increase over the forecast period
Active lifestyle marketing activities set to attract more customers
Emerging local luxury brand Regan Harney sets its sights on expansion across the region
Personal Accessories in Indonesia - 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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