PROSPECTS AND OPPORTUNITIES
The rising importance of investment pieces is expected to drive sales of luxury, high watches
Across the forecast period, retail sales of traditional and connected watches are set to continue its strong trajectory, at a current value CAGR of 21% (2024 constant value CAGR of 17%). Activity and connected watches will lead to this growth as consumers increasingly appreciate these devices' convenience and alignment with their lifestyles.
Sustainability and transparency will become central to brand strategies
Sustainability is anticipated to become an increasingly significant factor in both traditional and connected watches across the forecast period. As consumers grow more environmentally aware, there will be a shift towards prioritising products that embrace sustainable materials and ethical manufacturing practices.
Potential for customised options to gain ground, aided by technological advancements
There is potential for growth in customised and personalised watches, particularly within the luxury segment. As consumers place greater emphasis on individuality and self-expression, the demand for bespoke timepieces is set to rise.
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Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Romania 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 Romania, 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 Romania 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 Romania?
- Which are the leading brands in Traditional and Connected Watches in Romania?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in Romania?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in Romania?
- 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 Romania - Category analysis
KEY DATA FINDINGS
Strong double-digit growth is bolstered by connected watches in 2024
Traditional luxury timepieces appeal as investment pieces, offering craftmanship and heritage
Retailers offer sophisticated shopping experiences to entice consumers
The rising importance of investment pieces is expected to drive sales of luxury, high watches
Sustainability and transparency will become central to brand strategies
Potential for customised options to gain ground, aided by technological advancements
Personal Accessories in Romania - 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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