Watches & Clocks Market Research Reports & Industry Analysis

Clocks and watches, also known as timekeeping pieces, are a part of an industry made up of primarily of manufacturers and assemblers of watches, clocks, time and date recording devices, timing mechanisms for clock devices and parts like springs, modules and jewels for these pieces. Though Switzerland is often touted as the leader in the watch and clock industry worldwide, the industry has its greatest focus in mainland Asia and Japan. In the U.S., clock and watch shipments dropped drastically in 2009 to $318 million, while the cost of materials increased to $162 million in 2010 from $146 million the year prior. Employment in these industries reflected these trends with the number of employees dropping from 1,703 in 2009 to 1,583 in 2010. While traditional clocks and watches have experienced downward trends in the United States, smartwatches, which are wrist-worn wearable devices with functionalities the surpass those of the traditional wristwatch, have grown in popularity. The global market for smartwatches was estimated to be valued at $702.5 million in 2013 with shipments of over 2 million units in the same year. High-end smartwatches encompassed approximately 90% of the overall market share in 2013, though the industry finds many consumers are still reluctant to pay between $250 and $300 for these devices. MarketResearch.com provides a large collection of market research on the watches and clocks industry. You can explore comprehensive reports on watches and clocks and find out about the latest product releases. We also offer detailed industry reports, databases, forecast reports and guides on markets in the U.S. and around the globe.
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Watches & Clocks Industry Research & Market Reports

  • Jewellery & Watch Wholesaling in Canada - Industry Market Research Report

    ... purchases and kept luxury items like fine jewellery stuck in warehouses as consumers opted for more affordable alternatives. Demand for costume jewellery somewhat mitigated declines as shoppers were eager to keep up with fast fashion. ... Read More

  • UK Sector Series: Jewellery & Watches, 2023-2028

    ... trends, and consumer attitudes, as well as providing market forecasts out to 2028. The UK jewellery & watches market experienced a sales decline in 2023 as consumers reigned in spending on non-essentials. Many retailers in ... Read More

  • Traditional and Connected Watches in Turkey

    ... Patek Phililppe in Turkey remains around 1.5 years highlighting robust demand for such luxury brands. Consumer demand outperformed supply over the review period with highly affluent shoppers unaffected by the inflationary conditions. Overall, volume sales ... Read More

  • Traditional and Connected Watches in Poland

    ... more advanced accessories, leading connected watches to be the best performing category. This category caters to a technologically savvy, digital-oriented audience that differs from the clientele of traditional mechanical watches. Smart wearables were the top ... Read More

  • Traditional and Connected Watches in Ukraine

    ... the significant decline noted in 2022, aligned with Russia's invasion of Ukraine. The category benefited from postponed purchases as well as the emergence of a new middle class. While many of the previous active consumers, ... Read More

  • Traditional and Connected Watches in Taiwan

    ... for connected watches, supported by the demand for a healthier lifestyle. Connected watches have also launched advanced and targeted applications, supporting growth. For example, there are applications tarting outdoor enthusiasts, such as hikers and golfers, ... Read More

  • Personal Accessories in Poland

    ... especially within the luxury segment. Demand grew for interesting, unique designs as consumers embraced more expressive and distinct fashion. After a period of minimalism being popular in aesthetics, especially in jewellery, Polish shoppers were looking ... Read More

  • Personal Accessories in Sweden

    ... living, leading to more cautious spending on certain items, such as fine jewellery, which was further challenged by a decline in engagement and weddings due to rising price sensitivity. However, while inflation and rising prices ... Read More

  • Personal Accessories in Taiwan

    ... travel-related products such as luggage and bags, consumers were spending a larger portion of their disposable income on leisure activities outside the home. This shift had a noticeable impact on certain sectors, particularly challenging young ... Read More

  • Traditional and Connected Watches in the Netherlands

    ... the interest in fashion accessories continued to influence the growth in demand for watches, with retail volume growth being positive, at 4%. Manufacturers continued to invest in product innovation and advertising in 2024, especially products ... Read More

  • Traditional and Connected Watches in Romania

    ... stronger performance than traditional watches, being the best performing category with 25% retail value growth. The surge in demand can be attributed to the growing interest in multifunctional devices that seamlessly integrate into daily life, ... Read More

  • Traditional and Connected Watches in Sweden

    ... of 4%, being lower than the growth recorded over the review period. This lower growth was especially noted in high end, luxury watches, with sales falling compared to the COVID-19 pandemic rebound years. However, traditional ... Read More

  • Personal Accessories in the Netherlands

    ... modest than the previous year's growth levels. However, Dutch consumers' continued willingness to purchase accessories was driven by their strong interest in fashion, further amplified by social media's influence. Euromonitor International's Personal Accessoriesin Netherlands report ... Read More

  • Personal Accessories in Turkey

    ... consumers were increasingly drawn to more affordable personal accessories, whilst the affluent population and those less affected by the economic downturn continued to opt for luxury brands. In Turkey, sales of bags, watches and jewellery ... Read More

  • Traditional and Connected Watches in Thailand

    ... local importer and distributor, introduced an array of Frederique Constant collections, including the exclusive Highlife Tourbillon Perpetual Calendar Manufacture, of which only 30 pieces exist globally and just one is available in Thailand. Other notable ... Read More

  • Traditional and Connected Watches in the Philippines

    ... of maximalist watch designs available, minimalist styles remain among the most popular choices for consumers. This preference is largely driven by the high cost of watches, prompting consumers to select versatile pieces that can complement ... Read More

  • Traditional and Connected Watches in Spain

    ... are reducing disposable income, leaving Spaniards with less to spend. At the same time, consumer priorities have shifted, with many continuing to embrace an “enjoying life” mindset, a trend reinforced by the COVID-19 pandemic. This ... Read More

  • Traditional and Connected Watches in France

    ... although volume sales were flat. Meanwhile, connected watches saw small positive volume growth, with lower value sales compared to traditional watches. It is noted that French consumers are willing to pay a premium for mechanical ... Read More

  • Traditional and Connected Watches in Singapore

    ... increasing shift toward digitalisation. While Swiss watches, renowned for their craftsmanship and heritage, continue to hold appeal, they are increasingly challenged by the rise of sophisticated smart wearables. These digital devices cater to tech-savvy consumers, ... Read More

  • Traditional and Connected Watches in Malaysia

    ... focusing their limited budgets on essential items rather than luxury or non-essential goods. This shift in priorities has resulted in slower sales for basic and lower mid-price range watches. Compounding the issue is the waning ... Read More

  • Personal Accessories in Malaysia

    ... stretch their budgets, leading to fluctuations in spending patterns. More consumers are becoming price-sensitive, favouring promotions and discounts offered by brands. Mass brands such as Vincci, Fossil, Casio, and Seiko have responded to this shift ... Read More

  • Watch and Jewellery Retailing in Australia - Industry Market Research Report

    ... business models and operate online while remaining viable against online-only and overseas retailers amid volatile consumer sentiment. Industry operators retail fine or fashion jewellery and watches. Fine jewellery and watches include products made with precious ... Read More

  • Luxury Packaging Market Report by Material (Paperboard, Wood, Plastic, Glass, Metal, and Others), Application (Cosmetics and Fragrances, Confectionery, Watches and Jewelry, Alcoholic Drinks, Food and Non-Alcoholic Drinks, and Others), and Region 2025-2033

    ... packaging market size reached USD 17.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.82% during 2025-2033. The growing trend ... Read More

  • Global Smartwatch Market 2025-2029

    ... analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, ... Read More

  • Global Luxury watch Market 2025-2029

    ... provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest ... Read More

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