PROSPECTS AND OPPORTUNITIES
Positive growth is expected as consumers reach for affordability, style and design
Across the forecast period, sales of traditional and connected watches in the Netherlands are projected to exhibit positive, albeit more stable, growth, with retail sales set to rise at a current value CAGR of 6%.
Pre-owned watches will increasingly be embraced as investments by retailers
Mainstream manufacturers and luxury retailers are expected to increasingly invest in pre-owned watches over the forecast period, driven by the rising interest among Dutch consumers. In 2023, retailer Wacht-Site opened a new store in The Hague, specialising in pre-owned watches and featuring special editions and older models that appeal to both collectors and those seeking an investment.
Players are expected to place more investment and strategy on retail e-commerce
Across the forecast period, retailers will continue to invest in retail e-commerce, reaching the new generation of watch customers while adapting to changing purchasing habits. This trend is evident in the luxury watch sector, where more specialists are now offering mainstream brands for sale online.
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Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Netherlands 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 Netherlands, 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 Netherlands 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 Netherlands?
- Which are the leading brands in Traditional and Connected Watches in Netherlands?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in Netherlands?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in Netherlands?
- 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 the Netherlands - Category analysis
KEY DATA FINDINGS
Sustained demand is driven by the influx of tourists and interest in fashion
Special and vintage editions drive growth as consumers seek quality designs
As interest grows in high mechanical watches, luxury players invest in the category
Positive growth is expected as consumers reach for affordability, style and design
Pre-owned watches will increasingly be embraced as investments by retailers
Players are expected to place more investment and strategy on retail e-commerce
Personal Accessories in the Netherlands - 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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