Newly released market study: Watches in Singapore

From: Fast Market Research, Inc.
Published: Sun Apr 12 2015

Watches in Singapore is expected to increase in current value by 9% in 2014, generating value sales of S$1.7 billion. In recent years, watches in Singapore has been characterised by an influx of international brands and consumers now have a very wide range of from brands which to choose. Consumers have been shifting to exclusive brands which are not commonly found in Singapore and they are seemingly willing to pay higher prices for these brands, which are usually luxury goods brands. This trend has been growing in Singapore as disposable income levels are rising, making them more willing to purchase unique brands and designs.

Competitive Landscape

Swatch Group SEA (S) Pte Ltd maintained its status as the leading company in watches in Singapore in 2013 with a value share of 9%. Swatch Group SEA (S) Pte Ltd has stand strong in Singapore with a strong presence through leading brands such as Omega, Swatch and Hamilton. The company offers a wide range of watches under various different brands across all price ranges and for this reason it has been very successful in its attempts to cater to the needs of consumers with a strong knowledge of the most popular brands in watches at global level.

Full Report Details at

Industry Prospects

Watches in Singapore is expected to increase in value at a CAGR of 6% in constant 2014 terms over the forecast period. Fashion accessories are growing in popularity among consumers in Singapore, leading to the strong focus of watches among consumers. As a major hub for many international brands, consumers in Singapore are set to remain in a strong position in terms if the wide range of watch brands available to them throughout the forecast period. With rising levels of disposable income among Singapore’s consumers, brand consciousness and trading up to luxury goods brands are set to remain the most prevalent consumer trends in watches during the forecast period. The shift towards luxury goods brands is set to remain the backbone of growth in the category throughout the forecast period and this is set to be due mainly to the growing demand for watches which can confer a certain element of status.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Watches industry in Singapore 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 Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Watches in Singapore market research report includes:

* Analysis of key supply-side and demand trends

About Fast Market Research

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You may also be interested in these related reports:

- Watches in France
- Watches in China
- Watches in Spain
- Watches in Germany
- Watches in Turkey

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