Over the forecast period, there are several key trends that are likely to influence sales of watches in Hong Kong. Firstly, the return of tourists and the resilient spending power of affluent consumers are expected to persist.
The positive outlook for high watches is accompanied by a growing threat from the second-hand market of luxury timepieces. As US-China geopolitical tensions impact the pessimistic outlook of Hong Kong’s economy, an increasing number of second-hand retailers see this as an opportunity to offer affordable options to collectors and consumers who wish to showcase their social status through luxury watches.
Demand for connected watches is expected to continue growing in Hong Kong over the forecast period, driven by leading brands such as Apple and emerging contender Xiaomi. Both players have launched new products aimed at attracting consumer attention with improved functions and designs.
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Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Hong Kong, China 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 Hong Kong, China, 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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