Market Report, "Watches in the Philippines", published

From: Fast Market Research, Inc.
Published: Sat Mar 07 2015

Watches slowed in current value growth during 2014, though remaining positive. Increased penetration of smartphones in the Philippines saw consumers being more reliant on them to tell time amongst other functions. Coupled with the high penetration of watches in the Philippines, consumers thus slowed their demand for watches in 2014.

Competitive Landscape

Citizen Holdings Co Ltd declined in value share to 17% in 2013, though remaining the leader in watches. Increased competition in watches affected the performance of Citizen Holdings Ltd. However, the player’s established presence in watches and wide variety of designs managed to sustain consumer interest in 2013.

Industry Prospects

Watches is expected to clock positive constant value growth over the forecast period. Mid- to high-income consumers are expected to increasingly view watches as important assessors, particularly to accentuate their status. Therefore, demand for high-priced watches is projected to increase in the forecast period, especially due to the expected improvement in economic conditions.

Full Report Details at

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Watches industry in Philippines with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Watches industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Watches in Philippines market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* How do sales of mechanical, quartz analogue and quartz digital watches compare in Philippines?
* Which format of watch underpins most sales: casual, formal or sports?
* Which retail channel is showing the most future promise?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

About Fast Market Research

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You may also be interested in these related reports:

- Watches in the United Arab Emirates
- Watches in France
- Watches in China
- Watches in Spain
- Watches in Germany
Company: Fast Market Research, Inc.
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