Retail e-commerce is projected to maintain its rapid development over the forecast period, indicating a growing preference for convenience when shopping. There has been a noticeable increase in the percentage of male customers engaging in online shopping, underscoring the broadening appeal and accessibility of online retail platforms.
Although the future growth of connected watches seems strong due to the technological benefits, they have a shorter lifecycle that needs upgrading in comparison to luxury watches. Connected watches usually rely on software support, but once the consumer electronics company no longer has the capacity to support the hardware or old software, the device becomes useless.
Well-known second-hand sales platforms such as Chrono24, Subdial, Watchbox and Hodinkee are expected to grow in the forecast period. Millennials and Generation Z actively consider second-hand products when buying watches since sustainability is of high importance to many of these consumers.
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Understand the latest market trends and future growth opportunities for the Traditional and Connected Watches industry in Turkey 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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