Global Watches and Clocks Industry

• Publication date: January 2012
• Report size: 108 pages

The global outlook series on Watches and Clocks provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Japan, Russia, Switzerland, China, India, Hong Kong, Singapore, Thailand a...

The global outlook series on Watches and Clocks provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Japan, Russia, Switzerland, China, India, Hong Kong, Singapore, Thailand and others. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 234 companies worldwide.

Global Furniture And Decoration Industry

1. INDUSTRY OVERVIEW 1
A Primer 1
Table 1: World Watch Market (2009): Percentage Market Share
Breakdown of Leading Players 1
Luxury Watches - Market Expanding at an Impressive Rate 2
Table 2: Global Luxury Watches Market (2011): Percentage
Market Share Breakdown of Leading Players 2
Luxury Watches Segment - Innovation is Order of the Day 2
Vintage Watch Market - Still Going Strong 2
Sport Watches Grow in Popularity 3
Digital Watches Continue to Maintain Share 3
Switzerland: Leader in Watch Production 3
Asia - A Buoyant Market for Swiss Watches 3
Shift in Preference from Quartz to Mechanical Watches 3
Increasing Consumer Awareness Drives Watches & Clocks Market 4
Price: A Key Attribute 4
The Demand and the Competition 5
Electronic Gadgets Pose A Serious Threat to Wrist Watches 5
Clocks Market: Outlook 5
Table 3: Global Clock Market by Geographic Region - Annual
Sales for the Years 2010 through 2015 in US$ million for US,
Canada, Europe, Asia-Pacific (including Japan), Middle East
and Latin America 6

Table 4: Global Clock Market by Geographic Region: Percentage
Share Breakdown of Dollar Sales for 2011 and 2015 for US,
Canada, Europe, Asia-Pacific (including Japan), Middle East
and Latin America 7
Watches Market: Outlook 7
Table 5: Global Watches Market by Geographic Region - Annual
Sales for the Years 2010 through 2015 in US$ million for US,
Canada, Europe, Asia-Pacific (including Japan), Middle East
and Latin America 8

Table 6: World 5-Year Perspective for Watches by Geographic
Region - Percentage Breakdown of Dollar Sales for US, Canada,
Europe, Asia-Pacific (including Japan), Middle East and Latin
America 9
Other Key Statistical Findings 9
Table 7: Global Watch Production (2011): Percentage Breakdown
of Production Value by Product Type 9

2. PRODUCT OVERVIEW 10
Clock 10
Clocks in Ancient Times 10
Sundials 10
Hourglass, Candle Clocks, and Incense Sticks 10
Water Clocks 10
Modern Clocks 10
Analog Clocks 10
Digital Clocks 11
Auditory Clocks 11
Mechanism of a Clock 11
Power Source 12
Oscillator 12
Controller 12
Counter Chain 12
Indicator 13
Synchronized or Slave Clocks 13
Watches 14
Classification by Price 14
Mass Market Watches 14
Middle Priced Watches 14
Upper Priced Watches 14
Luxury Watches 14
Classification by Function 15
Types of Watches 15
Clock-Watches 15
Pocket Watches 15
Wristwatches 16
Types of Wristwatches 16
Mechanical Watches 16
Digital Watches 16
Electric Watches 16
Other Types of Wristwatches 16
Quartz Watches 16
Specialty Watches 17
Movement of a Watch 17
Types of Movements 17
Mechanical Movements 17
Electronic Movements 17
Types of Displays 17
Analog 17
Digital 18
Power Sources 18
Parts of a Watch 18
Dial 18
Hands 18
Crown 19
Bezel 19
Crystal 19
Case 19
Strap 19
Features and Functions of Today’s Watches 19
Calendar 19
Dual Time Indicator 19
Chronograph 20
Moon/Sun Indicator 20
Water Resistant 20
Shock Resistant 20
Anti-Magnetic 20
Evolution of Clocks 20
Evolution of Mechanical Clocks 20
Evolution of Astronomical Clocks 21
In Medieval Times 21
Evolution of Watches 22
Industry Background and Development 22
Electronic Watches Mark End of Dominance of Old-Line Watchmakers 23
Development of the Quartz Crystal Clock - A Significant Step 23
Seiko Markets the First Quartz Wall Clock 23
The Industry in the Early 1990s 24
The Industry in Late 1990s 24
The Industry in the Early 2000s 24
Role of Digital Technology 24
Watches with Automotive Brands 25
Changes in Technology 25
Timex’s Indiglo Brand of Watches 25
Watch with Palmtop Computer/Data Processor 25
Distance Recording Watch from SunTime 25
Piquot Meridien’s Volantis Line of Watches 26
Channels of Distribution 26
Branding in the Watches Market 26
Retail Chains 26

3. RECENT INDUSTRY ACTIVITY 27

4. PRODUCT INNOVATIONS/ INTRODUCTIONS 33


A REGIONAL MARKET PERSPECTIVE 54

1. THE UNITED STATES 54
Market Scenario 54
Table 8: Fashion and Sports Watch Market in the United States
(2011): Percentage Share Breakdown of Retail Dollar Sales by
Distribution Channel 54
US Customers More Inclined Towards Platinum Watches 55
After-Sales Service and Grey Market - A Big Challenge 55
Fashion Statement 55
Liking for Jewelry Watches Cuts Across the Genders 55
Holiday Seasons Witness Maximum Sales of High-End Watches 55
Women Go for Technically Advanced Watches 55
Untapped Luxury Watch Segment in the US Offers Potential 56
Add-on Gadgets Set the Pace 56
Purchasing Trends of Watches 56
Counterfeit Watches 56
Trend in Clocks Market 57
Theme Clocks 57
Role of 4 P’s in Market Development 57

2. JAPAN 58
Overview 58
Segmentation 58
Table 9: Japanese Market for Watches (2011): Percentage
Breakdown of Shipments by Product Type 59
Japanese Luxury Watches Segment 59

3. EUROPE 60
Watches Market: Outlook 60
Table 10: European Current & Future Analysis for Watches by
Country/Region - Breakdown of Annual Sales in US$ Million for
France, Germany, Italy, UK, Spain, Russia, and Rest of Europe
for years 2010 through 2015 60

Table 11: European 5-Year Perspective for Watches by
Country/Region: Percentage Share Breakdown of Dollar Sales
for France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe for years 2011 & 2015 61
Clocks Market: Overview 62
Table 12: European Current & Future Analysis for Clocks by
Country/Region - Breakdown of Annual Sales in US$ Million for
France, Germany, Italy, UK, Spain, Russia, and Rest of Europe
for years 2010 through 2015 62

Table 13: European 5-Year Perspective for Clocks by
Country/Region: Percentage Share Breakdown of Dollar Sales
for France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe for years 2011 & 2015 63
Market Highly Fragmented 63
Large Scale Retail Outlets Monopolize Distribution Network 64
Focus on Select Regional Markets 64
Russia 64
Switzerland 65
Swiss Watch Makers Intend to Bring “Swiss made” Label Under
Intense Scrutiny 66
Risks Faced 66
Softness of the Current Definition 66
Need for New Definition 66
Luxury Watches 67
Export Scenario 67

4. ASIA-PACIFIC 69
Market Overview 69
Brief Description of Select Markets 69
China 69
Industry Highlights 69
Trends in the Chinese Watches & Clocks Market 70
Imported Watches Dominate the Watch Market in China 70
Swiss Watches Highly Popular 70
China’s Tax on Luxury Watches Might Affect Swiss Imports 70
Hong Kong Could Seize the Opportunity 71
Taxes Do Not Deter the Luxury Segment Consumer 71
Local Brands Not Far Behind 71
Small Brands - Imported and Local - Migrate to Small Markets 71
Trends in Buying 71
Chinese Tourists - A Key Consumer Segment 72
China Leads in Clock Supply in the World 72
Chinese Watchmakers Go Digital 72
Low End Clocks Might Need to Make an Exit 72
Own Brands Account for a Sizable Share of Exports 72
WTO and Chinese Market 73
Market Overview 73
Watch Market 73
Demographics 74
India 74
Overview 74
Development of the Indian Watch Industry 74
Market Scenario 75
India - A Lucrative Market for Luxury Watchmakers 75
High Imports 75
Hong Kong 76
Overview 76
Hong Kong Timepiece Industry - Overview 76
Industry Trends 77
Timepiece Manufacturers Face Strong Competition from Handphones 77
Fashion Brands Enter the Fray to Drive the Watches Market 77
Hong Kong Manufactures and Exports for Global Brands 77
Luxury Watch Market to Soar with Increased Consumption Tax
in Mainland 78
OEM Base 78
Internet: Positive Impact on Sales 79
Singapore 79
Taiwan 79
Sports Watches Gaining Popularity 79
Thailand 80


GLOBAL DIRECTORY

Furniture and Decoration in World

Puerto Rico Hospital Beds, Per `000 Population

• $ 250
• Industry data
• January 2013

Yearly, From 2004 To 2014
By Business Monitor International
Source: CIA World Factbook, BMI

• Industries : Furniture and Decoration
• Countries : World

Iran Hospital Beds, Per `000 Population

• $ 250
• Industry data
• January 2013

Yearly, From 2005 To 2006
By Business Monitor International
Source: World Health Organization (WHO), BMI

• Industries : Furniture and Decoration
• Countries : Iran, World