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Watches and Clocks - Global Strategic Business Report Product Image

Watches and Clocks - Global Strategic Business Report

  • Published: April 2012
  • Region: Global
  • 489 Pages
  • Global Industry Analysts, Inc

This report analyzes the worldwide markets for Watches & Clocks in US$ Million by the following Product Segments: Watches (Mass (Under $50), Middle ($50-$299), Upper ($300 - $999), & Luxury ($1000), and Clocks. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. A six-year historic analysis is also provided for these markets.The report profiles 211 companies including many key and niche players such as Bulgari, Casio Computer Co., Ltd., Chopard, Citizen Holdings Co., Ltd., Bulova, Compagnie Financière Richemont International, Cartier SA, Fossil, Inc., Gucci Group, Hermes International, Hindustan Machine Tools, Junghans Uhren GmbH, LVMH Moet Hennessy Louis Vuitton SA, Tag Heuer International SA, Movado Group Inc., Patek Philippe SA, Rhythm Watch Co., Ltd., Rolex SA, Seiko Holdings Corporation, Seiko Corporation of America, The Swatch Group Ltd., Timex Group USA, Inc., Timex Group India Ltd., and Titan Industries Ltd. Market data and analytics are derived from primary and secondary research. Company profiles are primarily READ MORE >

WATCHES AND CLOCKS

A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-3
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Watch I-4
Mass Market Watches I-4
Mass Market Watches I-4
Upper Priced Watches I-4
Luxury Watches I-4
Clock I-4

II. Executive Summary

1. INDUSTRY OVERVIEW II-1
Introduction II-1
Recession Derails Watches and Clocks Industry II-1
Luxury Watches - Current market Scenario II-2
Industry Highlights II-3
Production Scenario II-3
Production by Watch Type II-3
Table 1: Global Watch Production (2010): Percentage
Breakdown by Watch Type - Analog Quartz, Digital Quartz, and
Mechanical (includes corresponding Graph/Chart) II-3
Clock Production II-3
Table 2: Global Clock Market (2006-2010): Production in
Million Units (includes corresponding Graph/Chart) II-3
Global Watch Trade II-4
Table 3: World Watch Imports (2011): Breakup of Value
Imports by Leading Countries - Hong Kong, US, Switzerland,
China and Japan (In US$ Billion) (includes corresponding
Graph/Chart) II-4

Table 4: World Watch Exports (2011): Breakup of Value
Exports by Leading Countries - Switzerland, Hong Kong,
China, Germany and France (In US$ Billion) (includes
corresponding Graph/Chart) II-4

Table 5: World Watch Exports (2011): Breakup of Volume
Exports by Leading Countries - China, Hong Kong,
Switzerland, Germany, US and France (Million Units)
(includes corresponding Graph/Chart) II-5
Major Market Trends II-5
Watches with Fashion Statement in Demand II-5
The 1980s Fashion Movement Presents Stiff Competition to
Designer Watches II-5
Focus on Innovation Brings Out Novel Products II-6
Vintage Watch Market - Still Going Strong II-6
Super- Sizing: The New Trend in the Luxury Watch Segment II-6
Sport Watches Grow in Popularity II-7
Digital Watches Continue to Maintain Share II-7
Demand for Diamond Jewelry Watches On an Upswing II-7
Switzerland: Leader in Watch Production II-7
Asia - A Buoyant Market for Swiss Watches II-7
Price: A Key Attribute II-8
The Demand and the Competition II-8
Manufacturers Search for Crystal Alternatives II-8
Counterfeit Products Negatively Influence the Market II-9
Electronic Gadgets Pose A Serious Threat to Wrist Watches II-9
Industry Background and Development II-9
Electronic Watches Mark End of Dominance of Old-Line Watchmakers II-9
Development of the Quartz Crystal Clock - A Significant Step II-10
Seiko Markets the First Quartz Wall Clock II-10
The Industry in the early 1990s II-10
The Industry in Late 1990s II-10
The Industry in the Recent Past II-11
Role of Digital Technology II-11
Watches with Automotive Brands II-11
Changes in Technology II-12
Timex’s Indiglo Brand of Watches II-12
Watch with Palmtop Computer/Data Processor II-12
Distance Recording Watch from SunTime II-12
Piquot Meridien’s Volantis Line of Watches II-12
Competitive Scenario II-12
Table 6: Global Watches Market (2010): Percentage Share
Breakdown of Value Sales by Leading Players (includes
corresponding Graph/Chart) II-13

Table 7: Leading Players in the Global Luxury Watch Market
(2010): Percentage Breakdown of Value Sales for Rolex S.A.,
Swatch Group, LVMH, and Others (includes corresponding
Graph/Chart) II-13

Table 8: Watches & Clocks Market (2010): Percentage Share
Breakdown of Export Value by Leading Export Nations
(includes corresponding Graph/Chart) II-13

Table 9: Watches & Clocks Market (2010): Percentage Share
Breakdown of Import Value by Leading Importing Nations
(includes corresponding Graph/Chart) II-14

2. PRODUCT OVERVIEW II-15
Clock II-15
Watches II-15
Classification by Function II-15
Classification by Price II-15
Mass Market Watches II-16
Middle Priced Watches II-16
Upper Priced Watches II-16
Luxury Watches II-16
Jewellery II-16
Sport II-17
Lifestyle II-17
Fashion II-17
Connoisseurs II-17
Channels of Distribution II-18
Branding in the Watches Market II-18
Retail Chains II-18

3. PRODUCT INTRODUCTIONS/INNOVATIONS II-19
Tommy Hilfiger Launches Limited Edition Men’s Automatic Watch II-19
Nike Introduces High-End Sportswatch with GPS II-19
Nixon Launches Sporty Watches 19 Parmigiani Fleurier Launches
Islamic Hijri Clock II-19
Omega Launches Countdown Clock for London Olympics II-20
International Watch Company Launches New Portofino Collection II-20
Baume & Mercier to Unveil New Timepiece Collection II-20
Timex Introduces Versace Watches II-20
JeanRichard Launches Three New Watch Models for Men II-20
Gucci Introduces Twirl Watch II-20
Zenith Launches The Captain Collection II-21
David Yurman Launches Ancestrale Tourbillon Timepiece II-21
Casio Computer to Launch Low Energy Bluetooth Enabled Timepiece II-21
MICHELE® Watches Introduces New Luxury Timepieces for Spring
Season II-21
Manufacture Hysek to Unveil Luxury Watch with Touch Screen II-22
Casio India Unveils G-Shock Watches II-22
MODUS to Launch Broad Line of Watches in North America II-22
TW Steel with California Tourism Unveils a Watch Collection II-22
Macrorich Metro to Launch Alpina II-23
Ebel Unveils New Classic Sport Watch Collection II-23
Casio Computer Unveils Ladies Dress Wristwatches II-23
Frederique Constant to Launch a Watch Comprising Hindi Numerals II-24
Brissmor Launches New Watch Collection for Women II-24
Titan Industries to Expand Xylys Product Line II-24
Titan Industries Launches Watches for Children II-24
Titan Launches a Collection of Raga Timepiece for Women in India II-24
Provogue India to Unveil Timepieces Sourced from Global Brand
Fossil in India II-24
DKNY Unveils Analogue Watch Collection in India II-25
Gucci Timepieces & Jewelry Launches Grammy Jewelry and Watch
Collection II-25
Howard Miller Launches Two New Wall Clocks II-25
Hermes International Unveils Arceau Squelette Sellier II-25
TAG Heuer Launches Calibre 16 Day-Date Chronograph Watch II-25
Rolex Introduces Oyster Perpetual Datejust Lady Watches II-26
Omega Targets Women with a New Constellation of 35mm II-26
Richard Mille Unveils RM 011 DLC Titanium Orange Watches II-26
U-Boat Italo Fontana Launches U-42 Watches II-27
Edox Unveils World Rally Championship Chronorally Watches II-27
Ventura Introduces V-tec Sigma Watch II-27
Breguet Presents Tradition 7047 Watch II-27
Ellicott Launches Lady Tuxedo Midnight Watch II-27
Yvan Arpa Unveils Volnatomic Radioactive Watch Collection II-28
Harry Winston Unveils Cluster of Time Watch II-28
Jaeger-LeCoultre and Aston Martin Introduce AMVOX5 II-28
Christian Jacques to Launch Ceramica II-28
Jaeger-LeCoultre Unveils Master Compressor Navy SEALs Collection II-29
Tissot Watches Launches Tissot T Touch Expert II-29
Gresso Introduces the Grand Wind Skeleton Collection II-29
Jaeger-LeCoultre Introduces Incursion Edition of Navy SEALs II-30
McGonigle Watches to Introduce Tuscar "One of Ten" Timepieces II-30
Luminox Introduces Deep Dive Watches II-30
Michele Watches Unveils Tropical Paradise Collection Watches II-30
SEIKO Debuts Electronic Ink Watch II-31
Rolex Launches Rolex Submariner Date II-31
TAG Heuer Debuts Pendulum Concept II-31
Ora Swiss Watch Introduces Ora #1 II-31
Vulcain Introduces New Cricket Anniversary Automatic Calender
Watch II-31
Breitling Extends Avenger Product Line II-32
Audemars Piguet Unveils Millenary Chronograph Watch II-32
Bell & Ross and Peugeot Launch Peugeot SR1 Watch II-32
Swatch Group Introduces Full Blooded White Swatch II-32
Cabestan Launches Nostromo Watch II-33
Bulgari Introduces Diagono 303 Chronograph II-33
Armaan Debuts in the US II-33
Seiko to Launch ‘Ananta and ‘Premium Collections II-33
Rolex Launches Special Edition Collection II-33
Sonata Unveils Sona Sitara II-34
Melrose Jewelers Launches New Models of Luxury Watches II-34
Timex to Expand Business in India II-34
PA Time Launches New Watches of SSTEELE II-34
Ambre Watches Introduces Paco Rabanne Watch Collection II-34
Sonata Launches Super Fibre Range II-34
Titan Introduces Automatic Mechanical Watches II-35
Timex Group Acquires Marc Ecko Trademark II-35
Richard Mille Launches RM 028 Watch II-35
Richemont Unveils Ralph Laurens Collection of Luxury Watches II-35
Timex Group USA Unveils TX 530 World Timer Airport Lounge Watch II-35
Swatch Unveils Swatch Chrono Automatic Collection II-36
Breitling to Launch Cosmonaute Limited Edition II-36
Ethos SUMMIT and Carl F. Butcher Unveil Patravi EviTec DayDate II-36
Praesto Introduces Praesto Aviator II-36
CASIO Launches Casio G-Shock GWF-1000 Frogman II-36
Urwerk Introduces Urwerk UR-CCI II-37
Tag Heuer Introduces Tag Heuer Monaco LS II-37
Titan Sonata Unveils New Super Fibre Watch Models II-37
Casio G-Shock Launches Gravity Defier Series Watches II-37
Harry Winston Debuts Opus 9 II-37
Tag Heuer Launches New Monaco Series Watch II-37
Wyler Geneve Unveils New Range of Chronographs II-38
Tag Heuer Introduces Monaco 1969 Original Re-Edition II-38
Casio Unveils New BGR3000J Slim Marine II-38
Timex Unveils TX 800 Series Linear Chronograph Watches II-38
Timex to Release Expedition WS4 II-39
TokyoFlash Japan Launches R75 Bionic Timing Watch II-39
Breitling Introduces Brietling Navimeter 125e Anniversaire
Chronograph II-39
Titan Unveils Nebula Calligraphy Collection II-39

4. PRODUCT INNOVATIONS/LAUNCHES - A RECENT PAST PERSPECTIVE II-40
Citizen Watch Introduces EKUSHIDO Collection II-40
Timex Launches the Torque Collection II-40
Titan Launches Orion Collection II-40
Titan Unveils WWF Collection II-40
Titan Introduces Nebula Zeus II-41
IWC Schaffhausen Unveils Pilots Watch II-41
Titan Industries Introduces Braille Watches II-41
Sonata Unveils Super Fibre Watches II-41
Titan Launches Xylys Watches II-41
IWC Schaffhausen Introduces Top Gun Version Watch II-41
Timex® Introduces Ironman* Collection of iControl™ Watch II-42
Timex Introduces the Latest SLX Range of Sport Luxury Watches II-42
Nike Introduces the Latest Triax Vapor 300 Mobile Performance
Watch II-42
TAG Heuer Introduces Grand Carrera Series II-43
Sony Ericsson in Partnership with Fossil Launches New
Bluetooth Watches II-43
The Worshipful Company Introduces Newgate Wandering Hour
Street Clock II-43
Casio Releases New Baby-G® Watches for Women II-43
Casio Introduces New Oceanus Manta II-44
Seiko Launches Wired Delta Watches II-44
Bulgari Introduces Bulgari Calibers II-44
Timex Introduces Valentine ’07 Collection II-44
Linde Werdelin Launches Two Wrist Watches II-44
Seiko Augments Spring Drive Collection with GMT design II-45
Seiko Introduces Seiko Velatura II-45
Timex Launches Timex T Series II-45
Lathem Introduces Wireless GPS Clock Solutions II-45
Timex Rolls Out Timex TX Brand II-46
Angular Momentum Unveils Gold & Diamond Watches II-46
Trimble Launches Mini-T™ GPS Clock II-46
Titan Introduces ‘Titan Aviator’ Watch Series II-46
STMicroelectronics Launches Serial Real-Time Clock Chips II-46
Lathem Launches PayClock® Express II-47
Timex Introduces Timex Expedition E-Tide-Temp-Compass Collection II-47
Timex Watches Introduces ‘Heavy Metal Collection’ II-47
Citizen Launches New Version of VIRT Bluetooth Watch II-48
Casio Adds New G-SHOCK® Watch II-48
Macally Introduces iPod Alarm Clock - Tune Pro II-48
Bulgari Launches Assioma D Watch Collection II-48
Tag Heuer Unveils Premium Watch II-48
Titan to Launch New Products II-49
Titan Introduces Designer Watches II-49
Swatch to Launch Two Watch Brands in India II-49
HMT to Launch Trendy Watches II-49

5. RECENT INDUSTRY ACTIVITY II-50
LVMH Moet Hennessy Louis Vuitton to Acquire Italian Watchmaker
Bulgari II-50
Uttermost Takes Over Timeworks II-50
Swatch Group Enters into Licensing Agreement with Liquidmetal®
Technologies II-50
Phillips-Van Heusen Enters into Licensing Agreement with Ritmo
Mundo II-51
TAG Heuer Merges with Zenith II-51
Hengdeli Holdings Takes Over Tianjin Hengdeli Watch and Clock
Company II-51
Montre DeWitt Inks Partnership Deal with Guards Polo Club II-52
Bulgari Inks Distribution Partnership with Hengdeli Holdings II-52
Vivienne Westwood Inks an Agreement with Zeon Limited II-52
Melges Performance Sailboats to Partner with Cuervo Y Sobrinos
for Yachting Watch II-52
Patek Philippe Enters into Partnership with Cortina Watch for
New Boutique II-53
Richemont to Acquire Net-a-Porter.com II-53
Patek Philippe Expands Presence in La Chaux-de-Fonds II-53
In4mation Partners with Casio G-Shock to Introduce GLX6900X-2 II-53
Mywa Takes Over EganaGoldpfeil Group II-54
Alliance Time Takes Over Colibri, Linden Clocks and Seth Thomas II-54
Mark Feldstein & Associates and United Media Enter into
Partnership II-54
Montres Corum Acquires Corum USA II-55
Iguzzini and Lu 12.28 Enter Partnership II-55
Martin-Baker and Bremont Collaborate to Manufacture Aviation
Watches II-55
Gucci Group Sells Bedat II-55

6. STRATEGIC CORPORATE DEVELOPMENTS - A RECENT PAST PERSPECTIVE II-56
Timex Corporation Undergoes Name Change to Timex Group USA Inc. II-56
Samay Group to Enter into Partnership with Japanese Manufacturers II-56
Citizen Watches to Establish Additional Exclusive Outlets II-56
Swiss Junction to Set Up 100 Outlets II-56
Titan Industries to Expand Globally II-56
FremantleMedia Enterprises Enters into Partnership with
Colibri Group II-56
Citizen Watches to Spend for Expansion II-56
Jaeger-LeCoultre Implements PTC Product Development Solution II-57
Timex Opens Seventh Time Factory Store II-57
TAG Heuer Associates with Fondation de la Haute Horlogerie II-57
Casio Computer Sets Up Subsidiary to Increase Sales II-57
Casio Computer Establishes Subsidiary Company II-57
Bulgari to Launch New Flagship Store II-58
Audemars Piguet Launches New Pavilion in Ningbo II-58
Audemars Piguet Launches New Boutique in Taiwan II-58
Richemont Purchases Stake in Roger Dubuis II-58
Chow Tai Fook Acquires Milus II-58
Binda Group Takes Over Advance Watch Group II-58
Swatch Group Acquires Stake in Rivoli Group II-59
Swatch Group Divests Michel Präzisionstechnik II-59
Swatch Group Purchases Watch Components Division of Burri II-59
Blancpain Acquires Stake in Vica Sarl II-59
Frédéric Piguet Purchases François Golay II-59
LVMH Moet Hennessy Louis Vuitton Acquires Hublot Group II-59
Citizen Watch Takes Over Bulova II-60
Richemont Acquires Donzé-Baume II-60
Richemont Takes over Manufacturing Operations of Roger Dubuis II-60
DIC Takes Over Rivoli Group II-60
NXP Takes Over Little Switzerland II-61
Richemont and Polo Ralph Set Up New Joint Venture for Luxury
Watches II-61
Hanowa Inks Agreement with Network Ltd II-61
Timex Group Inks Licensing Agreement with Valentino II-61
Seiko Inaugurates Seiko Watch India Private Limited II-62
Timex to Target Luxury Lifestyle Segment in India II-62
Timex Opens ‘Time Factory’ Store in South India II-62
Longines to Open New Retail Outlets in India II-62
Gitanjali Forms JV with Morellato II-63
Gitanjali to Form JV with AMRO Finance II-63
Timex Watches Changes its Name II-63
Titan Inks Contract with MGI Luxury Asia-Pacific II-63
Kamla Dials to Expand Retail Network II-63
Rajesh Exports Forms JV with Fossil II-63
IWC Set to Open New Stores in Abu Dhabi II-64
Swatch Enters into Agreement with Tiffany II-64

7. FOCUS ON SELECT GLOBAL PLAYERS II-65
Bulgari (Italy) II-65
Casio Computer Co., Ltd. (Japan) II-65
Chopard (Switzerland) II-65
Citizen Holdings Co., Ltd. (Japan) II-66
Bulova (US) II-66
Compagnie Financière Richemont International (Switzerland) II-66
Cartier SA (France) II-66
Fossil, Inc. (US) II-67
Gucci Group (US) II-67
Hermes International (France) II-67
Hindustan Machine Tools (India) II-68
Junghans Uhren GmbH (Germany) II-68
LVMH Moet Hennessy Louis Vuitton SA (France) II-68
Tag Heuer International SA (Switzerland) II-68
Movado Group, Inc. (US) II-69
Patek Philippe SA (Switzerland) II-69
Rhythm Watch Co., Ltd. (Japan) II-69
Rolex SA (Switzerland) II-69
Seiko Holdings Corporation (Japan) II-70
Seiko Corporation of America (US) II-70
The Swatch Group Ltd. (Switzerland) II-70
Timex Group USA, Inc. (US) II-71
Timex Group India Ltd. (India) II-72
Titan Industries Ltd. (India) II-72

8. GLOBAL MARKET PERSPECTIVE II-73
Table 10: World Recent Past, Current & Future Analysis for
Watches by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets Independently Analyzed with Annual Sales in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) II-73

Table 11: World Historic Review for Watches by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East and Latin America Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2003
through 2008 (includes corresponding Graph/Chart) II-74

Table 12: World 15-Year Perspective for Watches by Geographic
Region - Percentage Breakdown of Dollar Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
Latin America Markets for Years 2003, 2011 & 2017 (includes
corresponding Graph/Chart) II-75

Table 13: World Recent Past, Current & Future Analysis for
Clocks by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets Independently Analyzed with Annual Sales in US$
Million for Years 2009 through 2017 (includes corresponding
Graph/Chart) II-76

Table 14: World Historic Review for Clocks by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East and Latin America Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2003
through 2008 (includes corresponding Graph/Chart) II-77

Table 15: World 15-Year Perspective for Clocks by Geographic
Region - Percentage Breakdown of Dollar Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
Latin America Markets for Years 2003, 2011 & 2017 (includes
corresponding Graph/Chart) II-78
Watches Market by Product Segment II-79
Table 16: World Recent Past, Current & Future Analysis for
Mass-Priced Watches (Priced under $50) by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East and Latin America Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2009 through 2017
(includes corresponding Graph/Chart) II-79

Table 17: World Historic Review for Mass-Priced Watches
(Priced under $50) by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan) Middle East and Latin
America Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) II-80

Table 18: World 15-Year Perspective for Mass-Priced Watches
(Priced under $50) by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East and Latin America Markets for
Years 2003, 2011 & 2017 (includes corresponding Graph/Chart) II-81

Table 19: World Recent Past, Current & Future Analysis for
Middle-Priced Watches (Priced between $50-$299) by Geographic
Region - US, Canada, Japan, Europe, Asia- Pacific (excluding
Japan), Middle East and Latin America Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2009
through 2017 (includes corresponding Graph/Chart) II-82

Table 20: World Historic Review for Middle-Priced Watches
(Priced between $50-$299) by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
Latin America Markets Independently Analyzed with Annual Sales
in US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) II-83

Table 21: World 15-Year Perspective for Middle-Priced Watches
(Priced between $50-$299) by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/Chart) II-84

Table 22: World Recent Past, Current & Future Analysis for
Upper-Priced Watches (Priced between $300-$999) by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East and Latin America Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2009
through 2017 (includes corresponding Graph/Chart) II-85

Table 23: World Historic Review for Upper-Priced Watches
(Priced between $300-$999) by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
Latin America Markets Independently Analyzed with Annual Sales
in US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) II-86

Table 24: World 15-Year Perspective for Upper-Priced Watches
(Priced between $300-$999) by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and Latin America
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/Chart) II-87

Table 25: World Recent Past, Current & Future Analysis for
Luxury Watches (Priced $1000 - $5000) by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East and Latin America Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2009 through 2017
(includes corresponding Graph/Chart) II-88

Table 26: World Historic Review for Luxury Watches (Priced
$1000 - $5000) by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan) Middle East and Latin
America Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) II-89

Table 27: World 15-Year Perspective for Luxury Watches (Priced
$1000 - $5000) by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East and Latin America Markets for
Years 2003, 2011 & 2017 (includes corresponding Graph/Chart) II-90

III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Market Scenario III-1
Table 28: Leading Players in the North American Market for
Watches (2009): Percentage Share Breakdown of Value Sales
by Company for Timex, Seiko, Casio and Others (includes
corresponding Graph/Chart) III-1
After-Sales Service and Grey Market - A Big Challenge III-2
Fashion Statement III-2
Liking for Jewelry Watches Cuts Across the Genders III-2
Holiday Seasons Witness Maximum Sales of High-End Watches III-2
Women Go For Technically Advanced Watches III-2
Women Emerging as a Reckonable Consumer in the Watch Market III-3
Untapped Luxury Watch Segment in the US Offers Potential III-3
Add-on Gadgets Set the Pace III-3
Purchasing Trends of Watches III-3
Counterfeit Watches III-4
Trend in Clocks Market III-4
Trends in Design and Colors III-4
Theme Clocks III-4
Role of 4 P’s in Market Development III-5
Table 29: Fashion and Sports Watches Market in North
America (2009): Percentage Share Breakdown of Value Sales
by Distribution Channel (includes corresponding
Graph/Chart) III-5

Table 30: Watches and Jewelry Sales by Distribution Channel
in the US (2009): Percentage Breakdown of Value Sales by
Independent Jewelers, Chain Jewelers, and Mass Merchants,
Department Stores, and Others (includes corresponding
Graph/Chart) III-6

Table 31: US Market for Household Clocks (2009): Percentage
Breakdown of Value Sales by Distribution Channel for Mass
Merchants, Specialty Stores, and Others (includes
corresponding Graph/Chart) III-6
B.Market Analytics III-7
Table 32: US Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass-Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-7

Table 33: US Historic Review for Watches by Product Segment
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-8

Table 34: US 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-9

Table 35: US Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-10

Table 36: US Historic Review for Clocks Market with Annual
Sales in US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) III-10

2. CANADA III-11
Market Analytics III-11
Table 37: Canadian Recent Past, Current & Future Analysis
for Watches by Product Segment - Mass- Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-11

Table 38: Canadian Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-12

Table 39: Canadian 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-13

Table 40: Canadian Recent Past, Current & Future Analysis
for Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-14

Table 41: Canadian Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-14

3. JAPAN III-15
A.Market Analysis III-15
Overview III-15
Segmentation III-16
Exports Scenario III-16
Table 42: Japanese Watch Exports (2010): Percentage
Breakdown of Volume and Value Exports by Components -
Analog Quartz, Digital Quartz and Mechanical (includes
corresponding Graph/Chart) III-16

Table 43: Japanese Watch Exports (2010): Percentage
Breakdown of Volume and Value Exports by Region- Asia,
North America, Europe, Middle East, Central & South America
and Others (includes corresponding Graph/Chart) III-17

Table 44: Japanese Clock Exports (2010): Percentage
Breakdown of Volume and Value Exports by Type - Table
Clocks and Wall Clocks (includes corresponding Graph/Chart) III-17

Table 45: Japanese Watch Exports (2010): Percentage
Breakdown of Volume and Value Exports by Region- Asia,
North America, Europe, Middle East, Central & South America
and Others (includes corresponding Graph/Chart) III-18
Japanese Makers Eager to Compete with Swiss Players III-18
Competitive Scenario III-18
Table 46: Leading Players in the Japanese Watch Market
(2009): Percentage Breakdown of Volume Production for
Citizen Holdings, Seiko Group, Ricoh Elemex, and Others
(includes corresponding Graph/Chart) III-18

Table 47: Japanese Market for Watches (2009): Percentage
Breakdown of Volume Production of Watches by Product Type
(includes corresponding Graph/Chart) III-19

Table 48: Leading Players in the Japanese Watches & Clocks
Market for Wrist Watches (2009): Percentage Breakdown of
Value Sales by Company for Citizen Watch, Seiko Watch, and
Others (includes corresponding Graph/Chart) III-19

Table 49: Leading Players in the Japanese Market for Clocks
(2009): Percentage Breakdown of Value Sales by Company for
Rhythm Watch, Seiko Clock and Others (includes
corresponding Graph/Chart) III-19
B.Market Analytics III-20
Table 50: Japanese Recent Past, Current & Future Analysis
for Watches by Product Segment - Mass-Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-20

Table 51: Japanese Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-21

Table 52: Japanese 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle-Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-22

Table 53: Japanese Recent Past, Current and Future Analysis
for Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-23

Table 54: Japanese Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-23

4. EUROPE III-24
A.Market Analysis III-24
Market Highly Fragmented III-24
Large Scale Retail Outlets Monopolize Distribution Network III-24
B.Market Analytics III-25
Table 55: European Recent Past, Current & Future Analysis
for Watches by Geographic Region - France, Germany, Italy,
UK, Spain, Russia & Rest of Europe Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2009
through 2017 (includes corresponding Graph/Chart) III-25

Table 56: European Historic Review for Watches by Geographic
Region - France, Germany, Italy, UK, Spain, Russia & Rest of
Europe Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) III-26

Table 57: European 15-Year Perspective for Watches by
Geographic Region - Percentage Breakdown of Dollar Sales for
France, Germany, Italy, UK, Spain, Russia & Rest of Europe
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/Chart) III-27

Table 58: European Recent Past, Current & Future Analysis
for Watches by Product Segment - Mass- Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-28

Table 59: European Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-29

Table 60: European 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle-Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-30

Table 61: European Recent Past, Current & Future Analysis
for Clocks by Geographic Region - France, Germany, Italy,
UK, Spain, Russia & Rest of Europe Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2009
through 2017 (includes corresponding Graph/Chart) III-31

Table 62: European Historic Review for Clocks by Geographic
Region - France, Germany, Italy, UK, Spain, Russia & Rest of
Europe Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) III-32

Table 63: European 15-Year Perspective for Clocks by
Geographic Region - Percentage Breakdown of Dollar Sales for
France, Germany, Italy, UK, Spain, Russia & Rest of Europe
Markets for Years 2003, 2011 & 2017 (includes corresponding
Graph/Chart) III-33

4a. FRANCE III-34
Market Analytics III-34
Table 64: French Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass-Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-34

Table 65: French Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-35

Table 66: French 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-36

Table 67: French Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-37

Table 68: French Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-37

4b. GERMANY III-38
A.Market Analysis III-38
Overview III-38
Table 69: Leading Players in the German Market for Watches
and Clocks (2009): Percentage Breakdown of Value Sales by
Company for Rolex, Swatch and Others (includes
corresponding Graph/Chart) III-38
B.Market Analytics III-39
Table 70: German Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass- Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-39

Table 71: German Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-40

Table 72: German 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle-Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-41

Table 73: German Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-42

Table 74: German Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-42

4c. ITALY III-43
A.Market Analysis III-43
Overview III-43
B.Market Analytics III-44
Table 75: Italian Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass- Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-44

Table 76: Italian Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-45

Table 77: Italian 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-46

Table 78: Italian Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-47

Table 79: Italian Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-47

4d. THE UNITED KINGDOM III-48
A.Market Analysis III-48
Consumers Prefer Pre-Owned Luxury Watches III-48
B.Market Analytics III-49
Table 80: UK Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass-Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-49

Table 81: UK Historic Review for Watches by Product Segment
- Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-50

Table 82: UK 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-51

Table 83: UK Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-52

Table 84: UK Historic Review for Clocks Market with Annual
Sales in US$ Million for Years 2003 through 2008 (includes
corresponding Graph/Chart) III-52

4e. SPAIN III-53
Market Analytics III-53
Table 85: Spanish Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass- Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-53

Table 86: Spanish Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-54

Table 87: Spanish 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-55

Table 88: Spanish Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-56

Table 89: Spanish Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-56

4f. RUSSIA III-57
A.Market Analysis III-57
The Russian Watch Market Overview III-57
B.Market Analytics III-58
Table 90: Russian Recent Past, Current & Future Analysis for
Watches by Product Segment - Mass- Priced Watches (Under
$50), Middle-Priced Watches ($50-$299), Upper-Priced Watches
($300 - $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2009 through 2017 (includes corresponding Graph/Chart) III-58

Table 91: Russian Historic Review for Watches by Product
Segment - Mass-Priced Watches (Under $50), Middle-Priced
Watches ($50-$299), Upper-Priced Watches ($300 - $999) and
Luxury Watches ($1000- $5000) Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-59

Table 92: Russian 15-Year Perspective for Watches by Product
Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle-Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-60

Table 93: Russian Recent Past, Current & Future Analysis for
Clocks Market with Annual Sales in US$ Million for Years
2009 through 2017 (includes corresponding Graph/Chart) III-61

Table 94: Russian Historic Review for Clocks Market with
Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-61

4g. REST OF EUROPE III-62
A.Market Analysis III-62
Switzerland III-62
Overview III-62
Exports Scenario in 2009 & 2011 III-62
By Value III-63
Table 95: Swiss Watch Market (2011): Percentage Breakdown
of Value Exports by Country - Hong Kong, US, China,
France, Singapore and Others (includes corresponding
Graph/Chart) III-63
By Region III-63
Table 96: Swiss Watch Market (2011): Percentage Breakdown
of Value Exports by Region - Asia, Europe, America, and
Rest of World (includes corresponding Graph/Chart) III-63
By Material Used III-63
Table 97: Swiss Watch Market (2011): Percentage Breakdown
of Value and Unit Exports by Material Used - Steel,
Precious Metals, Gold-Steel, Other Metals, and Other
Materials (includes corresponding Graph/Chart) III-64
China - Emerging Niche Market for Swiss Watches III-64
Swiss Watch Industry Comes Up with Initiatives to Counter
Fake Products III-65
Market Participants III-65
Luxury Watches III-65
B.Market Analytics III-66
Table 98: Rest of Europe Recent Past, Current & Future
Analysis for Watches by Product Segment - Mass-Priced
Watches (Under $50), Middle-Priced Watches ($50-$299),
Upper-Priced Watches ($300 - $999) and Luxury Watches
($1000- $5000) Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-66

Table 99: Rest of Europe Historic Review for Watches by
Product Segment - Mass-Priced Watches (Under $50),
Middle-Priced Watches ($50-$299), Upper-Priced Watches ($300
- $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2003 through 2008 (includes corresponding Graph/Chart) III-67

Table 100: Rest of Europe 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle-Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-68

Table 101: Rest of Europe Recent Past, Current & Future
Analysis for Clocks Market with Annual Sales in US$ Million
for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-69

Table 102: Rest of Europe Historic Review for Clocks Market
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-70

5. ASIA-PACIFIC III-71
A.Market Analysis III-71
Brief Description of Select Markets III-71
China III-71
Industry Highlights III-71
Table 103: Chinese Recent Past, Current & Future Analysis
for Watches & Clocks Market with Annual Sales in Million
Units for the Years 2009 through 2017 (includes
corresponding Graph/Chart) III-72
Trends in the Chinese Watches & Clocks Market III-72
Demand for Luxury Watches Increases Among Chinese Men III-72
Imported Watches Dominate the Watch Market in China III-72
Swiss Watches Highly Popular III-72
China’s Tax on Luxury Watches Might Affect Swiss Imports III-73
Hong Kong Could Seize the Opportunity III-73
Taxes Do Not Deter the Luxury Segment Consumer III-73
Local Brands Not Far Behind III-73
Small Brands - Imported and Local - Migrate to Small
Markets III-73
Trends in Buying III-74
China Leads in Clock Supply in the World III-74
Chinese Watchmakers Go Digital III-74
Low End Clocks Might Need to Make an Exit III-74
Chinese Watchmakers Manufacture and Supply for
International Brands III-75
Own Brands Account for a Sizable Share of Exports III-75
WTO and Chinese Market III-75
Market Overview III-75
Watch Market III-75
Demographics III-76
India III-76
Overview III-76
Development of the Indian Watch Industry III-77
Table 104: Leading Players in the Indian Market for
Watches & Clocks (2009): Percentage Breakdown of Value
Sales by Company for Titan, Timex and Others (includes
corresponding Graph/Chart) III-77
Market Scenario III-77
Market Sees Increased Demand for Luxury Watches III-78
Global Luxury Watch Brands Eager to Expand Operations III-78
High Imports III-79
Hong Kong III-79
Overview III-79
Hong Kong Timepiece Industry - Overview III-79
Industry Trends III-80
Timepiece Manufacturers Face Strong Competition from
Handphones III-80
Fashion Brands Enter the Fray to Drive the Watches Market III-80
Hong Kong Manufactures and Exports for Global Brands III-81
Luxury Watch Market to Soar with Increased Consumption Tax
in Mainland III-81
CEPA Provisions Encourage Exports to China III-81
OEM Base III-82
Internet: Positive Impact on Sales III-82
Import/Export Scenario III-82
Table 105: Hong Kong Watches & Clocks Market (2008 &
2009): Exports and Imports in CHF Million (includes
corresponding Graph/Chart) III-83
Taiwan III-83
Sports Watches Gaining Popularity III-83
B.Market Analytics III-84
Table 106: Asia-Pacific Recent Past, Current & Future
Analysis for Watches by Product Segment - Mass-Priced
Watches (Under $50), Middle-Priced Watches ($50-$299),
Upper-Priced Watches ($300 - $999) and Luxury Watches
($1000- $5000) Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-84

Table 107: Asia-Pacific Historic Review for Watches by
Product Segment - Mass-Priced Watches (Under $50),
Middle-Priced Watches ($50-$299), Upper-Priced Watches ($300
- $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2003 through 2008 (includes corresponding Graph/Chart) III-85

Table 108: Asia-Pacific 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-86

Table 109: Asia-Pacific Recent Past, Current & Future
Analysis for Clocks Market with Annual Sales in US$ Million
for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-87

Table 110: Asia-Pacific Historic Review for Clocks Market
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-88

6. THE MIDDLE EAST III-89
Market Analytics III-89
Table 111: Middle East Recent Past, Current & Future
Analysis for Watches by Product Segment - Mass-Priced
Watches (Under $50), Middle-Priced Watches ($50-$299),
Upper-Priced Watches ($300 - $999) and Luxury Watches
($1000- $5000) Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-89

Table 112: Middle East Historic Review for Watches by
Product Segment - Mass-Priced Watches (Under $50),
Middle-Priced Watches ($50-$299), Upper-Priced Watches ($300 -
$999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2003 through 2008 (includes corresponding Graph/Chart) III-90

Table 113: Middle East 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle- Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-91

Table 114: Middle East Recent Past, Current & Future
Analysis for Clocks Market with Annual Sales in US$ Million
for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-92

Table 115: Middle East Historic Review for Clocks Market
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-93

7. LATIN AMERICA III-94
A.Market Analysis III-94
Watches and Clocks Market in Argentina III-94
B.Market Analytics III-94
Table 116: Latin American Recent Past, Current & Future
Analysis for Watches by Product Segment - Mass-Priced
Watches (Under $50), Middle-Priced Watches ($50-$299),
Upper-Priced Watches ($300 - $999) and Luxury Watches
($1000- $5000) Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2009 through 2017 (includes
corresponding Graph/Chart) III-94

Table 117: Latin American Historic Review for Watches by
Product Segment - Mass-Priced Watches (Under $50),
Middle-Priced Watches ($50-$299), Upper-Priced Watches ($300
- $999) and Luxury Watches ($1000- $5000) Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2003 through 2008 (includes corresponding Graph/Chart) III-95

Table 118: Latin American 15-Year Perspective for Watches by
Product Segment - Percentage Breakdown of Dollar Sales for
Mass-Priced Watches (Under $50), Middle-Priced Watches
($50-$299), Upper-Priced Watches ($300 - $999) and Luxury
Watches ($1000- $5000) Markets for Years 2003, 2011 & 2017
(includes corresponding Graph/Chart) III-96

Table 119: Latin American Recent Past, Current & Future
Analysis for Clocks Market with Annual Sales in US$ Million
for Years 2009 through 2017 (includes corresponding
Graph/Chart) III-97

Table 120: Latin American Historic Review for Clocks Market
with Annual Sales in US$ Million for Years 2003 through 2008
(includes corresponding Graph/Chart) III-98

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 211 (including Divisions/Subsidiaries - 240)

------------------------------------------
Region/Country Players
------------------------------------------
The United States 33
Japan 12
Europe 138
France 9
Germany 15
The United Kingdom 17
Italy 15
Spain 1
Rest of Europe 81
------------------------------------------
Asia-Pacific (Excluding Japan) 57

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