PROSPECTS AND OPPORTUNITIES
Despite more cautious consumer behaviour, players see long-term optimism for traditional watches
It is no surprise, given the robust post-pandemic recovery of traditional watches, that slower retail current value growth is expected in the forecast period as consumption normalises. In terms of price bands, high watches is expected to continue seeing growth in the forecast period, albeit softening, particularly as growing unit prices in recent years have distanced some consumers.
Players are balancing efforts to improve online and in-store shopping to create a truly seamless omnichannel experience
While the share of retail e-commerce as a distribution channel declined following the pandemic, the channel will remain important for both traditional and connected watches over the forecast period. In turn, players are expected to continue integrating features to improve the online shopping experience, such as Cartier’s push for augmented reality (AR) on its website.
Connected watches to be challenged by disruption from smart rings over the forecast period
Over the forecast period, connected watches is set to outperform traditional watches in retail current value terms, largely driven by smart wearables. However, the US is seeing the start of disruption from alternatives to traditional smart wearables, such as smart rings, which are quickly gaining popularity.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in USA 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 USA, 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 USA 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 USA?
- Which are the leading brands in Traditional and Connected Watches in USA?
- How significant is tourism in determining sales and demand for Traditional and Connected Watches in USA?
- How are COVID-19 and global recession impacting demand for Traditional and Connected Watches in USA?
- 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 US - Category analysis
KEY DATA FINDINGS
The once distinct overperformance of high watches narrows in 2024
Connected watches continues benefiting from consumer investment in health and wellness-oriented products
Brands that blend luxury and affordability resonate with consumers
Despite more cautious consumer behaviour, players see long-term optimism for traditional watches
Players are balancing efforts to improve online and in-store shopping to create a truly seamless omnichannel experience
Connected watches to be challenged by disruption from smart rings over the forecast period
Personal Accessories in the US - 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
-
-
-
- Basic Mechanical Watches
- Mid Mechanical Watches
- High Mechanical Watches
-
- Basic Quartz Analogue Watches
- Mid Quartz Analogue Watches
- High Quartz Analogue Watches
-
- Basic Quartz Digital Watches
- Mid Quartz Digital Watches
- High Quartz Digital Watches
-
-
-
- Basic Quartz Analogue Watches
- Basic Quartz Digital Watches
- Basic Mechanical Watches
-
- Mid Quartz Analogue Watches
- Mid Quartz Digital Watches
- Mid Mechanical Watches
-
- High Quartz Analogue Watches
- High Quartz Digital Watches
- High Mechanical Watches
-
-
-
-
-
- Basic Activity Watch (Analogue)
- Mid Activity Watch (Analogue)
- High Activity Watch (Analogue)
-
- Basic Activity Watch (Digital)
- Mid Activity Watch (Digital)
- High Activity Watch (Digital)
-
- Basic Smart Wearables
- Mid Smart Wearables
- High Smart Wearables
-
-
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.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!