Swiss Watch Market Keeps on Rising, Informs Koncept Analytics in Its New Report Recently Added at MarketPublishers.com
26 Aug 2016 • by Natalie Aster
LONDON – Nowadays, Swiss watches have become a concept of luxury: the symbolic and emotional aspects of a watch gained traction and the utility of a watch as a time-keeper declined. As the years passed, Swiss luxury watches have emerged as the ultimate stamp for precision, craftsmanship and quality.
The Swiss watch market witnesses sustainable growth at a healthy rate, driven majorly by an increase in luxury consumption, rising number of HNWIs and millionaires, increasing elderly as well as youth population and also expanding tourism worldwide. However, the market growth has slowed during the past few years owing to some restraints like weak foreign demand, strong Swiss Franc, low domestic demand, intensifying competition from smart watches and shortage of qualified labor.
New topical report “Swiss Watch Market: Industry Analysis & Outlook (2016-2020)” prepared by Koncept Analytics gives a detailed analysis of the Swiss watches market with a granular market segmentation overview and data on the current market scenario across the key geographical markets.
It uncovers reliable data on the key factors responsible for the market growth (drivers and restraints), identifies the emerging market growth challenges and opportunities, explores the prevailing trends and offers future growth projections.
The study contains info on the major competitive pressures, market-entry barriers and regulative policies as well as provides profiles of the leading market participants.
A comprehensive future outlook for the Swiss watch market is provided as well.
More reports by Koncept Analytics are offered in this catalogue.