The connected watch market is set to remain a key driver in the watch industry over the forecast period, buoyed by the growth of affordable products with basic functions and the continued upgrading and replacement cycle among consumers with established usage habits. In particular, Taiwanese consumers are increasingly transitioning from smart bands and bracelets to connected watches, drawn by their advanced health and wellness monitoring features, including biometric sensors and comprehensive health tracking capabilities.
While the wearable technology trend is expected to drive continued growth in connected watches in Taiwan, traditional watches are anticipated to maintain their appeal among fashion-conscious consumers and those who value the craftsmanship of mechanical timepieces, especially for their ability to retain value over time.
The growth potential of the second-hand watch market is expected to surpass that of new watch sales over the forecast period, marking a new chapter in the high-end traditional watch industry. Some industry experts attribute this shift to the anticipated saturation of demand for high-end watches, given that many top-tier brands produce limited quantities each year.
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Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Traditional and Connected Watches
This report originates from Passport, our Traditional and Connected Watches research and analysis database.
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