After seeing a robust recovery in 2021, traditional and connected watches in the US encountered a slowdown from 2022 onwards, grappling with various economic uncertainties, including high inflation rates, fluctuating interest rates, and job cuts. Looking ahead, the US economy faces enduring short to medium term risks, stemming from both domestic and global factors.
Over the coming five years, traditional watches and connected watches are poised for distinctive trajectories. Connected watches is expected to play a pivotal role in driving growth, making substantial contributions in both volume and current value terms.
In the post-pandemic landscape, players in traditional and connected watches are unwavering in their commitment to digitalisation, aiming to provide consumers with seamless online and offline experiences. This approach not only aims to retain existing customers, but also seeks to tap into the rapidly growing next generation of watch enthusiasts, particularly Gen Z, with a focus on luxury timepieces.
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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.
Traditional and Connected Watches
This report originates from Passport, our Traditional and Connected Watches research and analysis database.
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