The market for traditional and connected watches in the Philippines is poised for continued expansion over the forecast period. Urbanisation will be a key growth driver, with more rural areas are developing into modernised communities.
Moving forward, international watchmakers will continue to push the boundaries of design, combining traditional techniques with modern elements. Renowned brands such as Rolex, Patek Philippe, and Omega regularly introduce limited-edition pieces and innovative timepieces that captivate global audiences and set new trends and the Philippines will be no exception.
Online sales of watches have experienced robust growth as major brands establish e-commerce stores, and platforms like Shopee, Lazada, and TikTok offer incentives for brands to move online. In 2024, this growth was boosted by the entry of new players like Temu and the aggressive expansion of Shein into accessories, including watches.
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Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Philippines 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 Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Traditional and Connected Watches
This report originates from Passport, our Traditional and Connected Watches research and analysis database.
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