PROSPECTS AND OPPORTUNITIES
High-end watches set to lose attraction as investment
The Spanish economy is projected to grow at a moderate rate, but several economic and social factors are expected to limit the performance of certain categories, including traditional and connected watches. Inflation and high interest rates, which have diverged significantly from pre-review-period levels, are eroding disposable income for many Spaniards.
Demand for sustainable options tempered by price sensitivity
Spanish consumers are increasingly prioritising sustainability, and this growing interest is influencing their purchasing decisions across various categories, including watches. However, this demand for eco-friendly products is often tempered by price sensitivity, indicating that affordability remains a key factor.
Blurring lines between tradition and technology
Technology continues to be a significant driver of watch sales and is poised to shape the industry further over the forecast period. As Spaniards increasingly prioritise health, demand for watches that offer advanced features - particularly health-related innovations - is expected to grow.
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Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Spain 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 Spain, 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 Spain 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 Spain?
- Which are the leading brands in Traditional and Connected Watches in Spain?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in Spain?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
Economic and social factors drive sales in 2024
Swatch Group stays ahead of companies
Fashion trends impact trends in watches
High-end watches set to lose attraction as investment
Demand for sustainable options tempered by price sensitivity
Blurring lines between tradition and technology
Personal Accessories in Spain - 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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