The outlook for traditional and connected watches in the UK is extremely promising, with both retail volume and value sales predicted to record robust growth over the forecast period. However, this performance will be mainly driven by connected watches, as demand for traditional watches is set to further decline.
As with most categories, e-commerce has had an unavoidable impact on how consumers shop, but this is evident to a lesser extent within the distribution of traditional watches in the UK. As brands continue to prioritise quality and design-led development through material innovation, such as the use of sustainable carbonium alloy, further attention will be paid to expanding store footprint in the local market.
Despite positive growth prospects for traditional and connected watches in the UK over the forecast period, discretionary spending will continue to be impacted by inflationary pressures with a further focus among some consumers on limiting non-essential spending. Investment purchases will continue to be a cornerstone of traditional watches, with Swiss watches also expected to remain a driving force within the category as quality, durability and craftmanship remain a priority focus for some consumers.
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Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in United Kingdom 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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