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Luxury Timepieces in Canada

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    Report

  • 18 Pages
  • December 2021
  • Region: Canada
  • Euromonitor International
  • ID: 3989969
Sales of luxury timepieces were impacted heavily in 2020 and at the start of 2021 as retailers were obliged to close their physical stores during the lockdown periods. Luxury timepieces are typically bought in-store as customers wish to see and experience them before buying due to the value of high-end watches. However, as regions reopened their economies and loosened safety measures, consumers increasingly transitioned back to their pre-pandemic work and social activities, including shopping.

The publisher's Luxury Timepieces in Canada report offers a comprehensive guide to the size and shape of the Luxury Timepieces market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Timepieces retailing along with the development of consumers’ shopping patterns. Forecasts to 2025 illustrate how the market is set to change

Product coverage: Men's Luxury Timepieces, Women's Luxury Timepieces.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Luxury Timepieces market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2021 DEVELOPMENTS
  • Recovery begins for luxury timepieces as economies and stores reopen
  • Retailers invest in physical outlets and e-commerce as distribution options widen
  • Robustness of domestic demand shown by the increasingly competitive environment

PROSPECTS AND OPPORTUNITIES
  • Recovery expected by mid-forecast period though lack of tourists will restrict growth
  • E-commerce likely to grow but consumers will still prefer the in-store experience
  • Customers of mid-priced traditional watches to increasingly transfer to luxury timepieces for prestige and differentiation from everyday smart watches

CATEGORY DATA
  • Table 1 Sales of Luxury Timepieces by Category: Value 2016-2021
  • Table 2 Sales of Luxury Timepieces by Category: % Value Growth 2016-2021
  • Table 3 NBO Company Shares of Luxury Timepieces: % Value 2016-2020
  • Table 4 LBN Brand Shares of Luxury Timepieces: % Value 2017-2020
  • Table 5 Distribution of Luxury Timepieces by Format: % Value 2016-2021
  • Table 6 Forecast Sales of Luxury Timepieces by Category: Value 2021-2026
  • Table 7 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2021-2026

LUXURY GOODS IN CANADA
EXECUTIVE SUMMARY
  • Luxury goods in 2021: The big picture
  • 2021 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?

MARKET DATA
  • Table 8 Sales of Luxury Goods by Category: Value 2016-2021
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2016-2021
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2016-2020
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2017-2020
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2021
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2021-2026
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026

DISCLAIMER
SOURCES
  • Summary 1 Research Sources