A large number of Spaniards have a mortgage, loans and credit cards and with the European Central Bank announcing that interest rates are set to remain high over the forecast period it is likely that disposable income will continue to decline. As such, many Spanish consumers will likely look to reduce their spending on discretionary items which will therefore likely negatively affect sales of traditional watches.
Spanish consumers are showing a growing interest in and demand for sustainable products, including when it comes to watches. As such this is likely to have a growing influence both on the purchasing behaviour of consumers but also on new product development and innovation within the category.
Over the forecast period it is expected to become increasingly difficult to distinguish between traditional watches and connected ones. This is because consumers are increasingly looking for connected watches but in traditional styles, with the perfect blend of design and functionality.
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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.
Traditional and Connected Watches
This report originates from Passport, our Traditional and Connected Watches research and analysis database.
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