Traditional and connected watches is set to maintain solid retail volume and current value growth in the forecast period, with growth for both categories. Brands of high watches, especially luxury timepieces, are likely to promote new series of watches through new collaborations and limited collections to encourage impulse demand and consumer excitement.
Watch exhibitions are likely to become more common in Thailand, with major events attracting both local and international timepiece enthusiasts. Watch fairs and watch expos are expected to drive the market environment.
A growing consumer base is expected over the forecast period, as the number of collectors of traditional watches is set to increase and support the performance of the category over the forecast period. While the long-standing watch collectors still exist, there are a growing number of new faces amongst the younger generations (Gen Z and Millennials) who are starting to collect watches (either new or second-hand models), as watches can be more than a gadget to tell the time, also being a hobby, something to illustrate social status (personality and lifestyle), an asset, a collectible, and an investment.
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Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Thailand 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 Thailand, 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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