Watches & Clocks

Publication Date	March 2008
Publisher	Global Industry Analysts
Product Type	Report
Pages	478
ISBN Number	not applicable
Product Code	GIA00393

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Summary

This report analyzes the worldwide markets for Watches & Clocks in Millions of US$. The specific product segments analyzed are Watches (Mass (Under $50), Middle ($50-$299), Upper ($300 - $999), & Luxury ($1000 and above), and Clocks. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual forecasts are provided for each region and product segment for the period of 2000 through 2015. The report profiles 255 companies including many key and niche players worldwide such as Bulgari, Bulova, Casio Computer Co., Ltd., Citizen Holdings Co., Ltd., Compagnie Financire Richemont International, Cartier SA, Gucci Group, Hermes International, Junghans Uhren GmbH, Movado Group Inc., Patek Philippe SA, Rhythm Watch Co., Ltd., Seiko Holdings Corporation, Seiko Corporation of America, The Swatch Group Ltd., Tag Heuer International SA, Timex Corporation, and Titan Industries Ltd. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Content

I. Introduction, Methodology & Product Definitions
- Study Reliability and Reporting Limitations
- Disclaimers
- Data Interpretation & Reporting Level
- Quantitative Techniques & Analytics
- Product Definitions and Scope of Study
- Watch
- Classification by Price
- Mass Market Watches
- Middle-Priced Watches
- Upper Priced Watches
- Luxury Watches
- Classification by Function
- Clock
II. Executive Summary
- 1.Industry Overview
  - Outlook.
  - Industry Highlights
  - Major Market Trends
  - Luxury Watches - Market Expanding at an Impressive Rate
  - Vintage Watch Market - Still Going Strong
  - Sport Watches Grow in Popularity
  - Digital Watches Continue to Maintain Share
  - Switzerland: Leader in Watch Production
  - Asia - A Buoyant Market for Swiss Watches
  - Price: A Key Attribute
  - The Demand and the Competition
  - Electronic Gadgets Pose A Serious Threat to Wrist Watches
  - Industry Background and Development
  - Electronic Watches Mark End of Dominance of Old-Line Watchmakers
  - Development of the Quartz Crystal Clock - A Significant Step
  - Seiko Markets the First Quartz Wall Clock
  - The Industry in the early 1990s
  - The Industry in Late 1990s
  - The Industry in the Recent past
  - Role of Digital Technology
  - Watches with Automotive Brands
  - Changes in Technology
  - Timex's Indiglo Brand of Watches
  - Watch with Palmtop Computer/Data Processor
  - Distance Recording Watch from SunTime
  - Piquot Meridien's Volantis Line of Watches
  - Historic Data
  - Main Activities of Aiguilla, Comadur, Claret, Dubois & Dpsraz, ETA, Estima, Fiedler, Favre & Perret, Frdric Piguet, Girard-Perregaux, Jaquet SA, Jaeger- LeCoultre, Lascor, La Pierette, Mimotec, Meco, Nivarox, Nouvelle Lemania, Piaget, Parmigiani, Progress Watch, Patek Philippe, Rolex, Rubattel & Weyermann, Roger Dubuis, Renaud&Papi, Ronda, Ruedin, Swatch Group Watch Assembly, Selitta SA, Soprod SA, SFT, Universo, Vaucher Manufactur SA, Valdar, Waeber HMS SA and Zenith
- 2.Product Overview
  - Clock
  - Watches
  - Classification by Function
  - Classification by Price
  - Mass Market Watches
  - Middle Priced Watches
  - Upper Priced Watches
  - Luxury Watches
  - Channels of Distribution
  - Branding in the Watches Market
  - Retail Chains
  - Leading Distributors
  - Watch Market in Mid & Late 90s
- 3.Major Markets Worldwide: A Regional Perspective
  - The United States
  - Role of 4 P's in Market Development
  - Japan
  - Europe
  - Market Highly Fragmented
  - Large Scale Retail Outlets Monopolize Distribution Network
  - Switzerland
  - Leading Producer and Supplier of Luxury Watches
  - The Netherlands
  - Asia-Pacific
  - China
  - Industry Highlights
  - Hong Kong
  - Merging of Hong Kong Watch and Jewelry Industries
  - Unchallenged Market Acceptance in Case & Band Assembly
  - Flexible Distribution and Manufacturing Systems
- 4.Product Innovations/Introductions
  - Timex Introduces Ironman* Collection of iControl Watch
  - Timex Introduces the Latest SLX Range of Sport Luxury Watches
  - Nike Introduces the Latest Triax Vapor 300 Mobile Performance Watch
  - TAG Heuer Introduces Grand Carrera Series
  - Sony Ericsson in Partnership with Fossil Launches New Bluetooth Watches
  - The Worshipful Company Introduces Newgate Wandering Hour Street Clock
  - Casio Releases New Baby-G Watches for Women
  - Casio Introduces New Oceanus Manta
  - Seiko Launches Wired Delta Watches
  - Bulgari Introduces Bulgari Calibers
  - Timex Introduces Valentine '07 Collection
  - Linde Werdelin Launches Two Wrist Watches
  - Seiko Augments Spring Drive Collection with GMT design
  - Seiko Introduces Seiko Velatura
  - Timex Launches Timex T Series
  - Lathem Introduces Wireless GPS Clock Solutions
  - Timex Rolls out Timex TX Brand
  - Angular Momentum Unveils Gold & Diamond Watches
  - Trimble Launches Mini-T GPS Clock
  - Titan Introduces 'Titan Aviator' Watch Series
  - STMicroelectronics Launches Serial Real-Time Clock Chips
  - Lathem Launches PayClock Express
  - Timex Introduces Timex Expedition E-Tide-Temp- Compass Collection
  - Timex Watches Introduces 'Heavy Metal Collection'
  - Citizen Launches New Version of VIRT Bluetooth Watch
  - Casio Adds New G-SHOCK Watch
  - Macally Introduces iPod Alarm Clock - Tune Pro
  - Bulgari Launches Assioma D Watch Collection
  - Tag Heuer Unveils Premium Watch
  - Titan to Launch New Products
  - Titan Introduces Designer Watches
  - Swatch to Launch Two Watch Brands in India
  - HMT to Launch Trendy Watches
  - AST Rolls out RWII Copilot Watch
  - Citizen Unveils Vagary Siyuutou Collection
  - Glycine Launches Re-Edition of Airman SST 06 Wrist Watch
  - Pyramid Presents "Clocks in a Box"
  - SEIKO Releases Sportura 1/100th Second Chronograph Watch
  - Sony Unveils MBW-100 Bluetooth 2.0 Watch
  - TIMEX Rolls out IMEX 2006 International Collection Watches
  - TIMEX Introduces Nautica Watches in India
  - TIMEX Releases TIMEXACT Golf Collection 2006 Watches
  - Titan Introduces Desire Collection Watches
  - TokyoFlash Unveils Binary Wrist Watch
  - Tissot Releases NASCAR Line of Watches
  - Multigig Introduces Innovative Clock Technology
  - Oakley Expands Premium Watch Line
  - Casio Launches G-Shock Watch
  - SEIKO Launches Premier Collection of Watches
  - Pyramid Launches 5200 Analog Clock
  - Intersil Unveils A New Class of Real Time Clocks
  - Titan Introduces Xylys
  - A New Ornamental Design
  - Ornamental Design for Wristwatch Strap
  - A New Winding-up Device for Wristwatches
  - A New Wrist Watch from Japan
  - Ornamental Design from France
  - Hublot Launches The Bigger Bang
  - Oceanus Launches First Metal Atomic-Solar Chronograph Watch for Women
  - Casio Unveils the New PAW1200T-7V
  - Microsoft Corp. Rolls out New ABACUS Smart Watch 2006
  - SEIKO Offers Women Models under Sportura Collection
  - Bulgari Develops Precious complicated watches
  - NFW Introduces New Watch Collection
  - Titan Industries Introduces Tommy Hilfiger Fall/Winter Watch Line
  - Seiko's Sportura Range Unveils New Bar Honda Sportura
  - Time America Launches TA7000 Clocks
  - Fossil Introduces Two New ABACUS Wrist Net Watches
  - Titan Launches Raga Coordinate
  - Hovig Simonian Develops A Pendulum Clock
  - Citizen and E Ink Develops A Bendable Clock
- 5.Product Launches in Recent past
  - Citizen Watch Ltd and Fossil Inc Introduce WRIST NET Watches featuring MSN Direct Service
  - Sonata Introduces New Range of Stylish Watches
  - Titan Unveils 'FLIP'- a Dual Faced Watch
  - Titan Unveils Tommy Hilfiger Watch Collection in India
  - Bulgari Introduces "Grandes Complications" Watch
  - Timex Introduces New Sport Watch
  - Swatch Group Ltd Launches Two Unique Watches
  - Longines Launches Avigation
  - Paul Smith Unveils Swiss-made Watches
  - Morresi Enterprises Inc to Launch Mezzo-sferic
  - Resource Revival Launches Wall Clocks
  - Leonard Launches a New Line of Watches
  - Raymond Weil Introduces Version of Don Giovanni chronograph
  - Microsoft Unveils Wristwatches
  - SohoTime.com Expands Watch Collection
  - Maxima Introduces Dual Battery Watches
  - Smith & Wesson Watches Launches New Models
  - Temex Releases New Rubidium Clock Engine
  - Watchbuddy Timepieces Launches New Watches
  - H.Stern Launches Sfera
    - Timex Develops Mobile Watch Payments
    - Egana Introduces Atomic Watches
    - Diamond Embedded Watches from Omega
    - Military-Style Watches from Hamilton
    - Casio and Citizen Launches New Models
    - Citizen Launches Eco-Drive Firenza Line of Watches
    - Diesel Introduces New Range of Watches
    - Baume & Mercier Introduces Capeland Collection of Watches
    - Reebok India Introduces Models under Classic Brand
    - Titan Introduces Three New Collections under Dash Brand
    - Steel Watches from Titan
    - Timex Launches Internet Messenger Watch
    - Samsung Launches Watch Phone
    - Cartier Introduces Men's Watches
    - Junghans (Germany) Launches Atomic Watches
    - The Consumer Product Division Launches Thermo solutions Desk and Wall Clocks
    - Sportura Collection from Seiko
    - Seiko Introduces Vivace Collection
    - Casio Launches Watches with Digital Camera and MP3 Player
    - Fastrack Range of Watches from Titan
    - Casio Launches Two New Models
    - Nebula Gold Watches from Titan
- 6.Recent Industry Activity
  - Richemont Acquires Donz-Baume
  - Richemont Takes over Manufacturing Operations of Roger Dubuis
  - Citizen to Acquire Bulova
  - DIC Takes over Rivoli Group
  - NXP to Take over Little Switzerland
  - Richemont and Polo Ralph Set up New Joint Venture for Luxury Watches
  - Hanowa Inks Agreement with Network Ltd
  - Timex Group Inks Licensing Agreement with Valentino
  - Seiko Inaugurates Seiko Watch India Private Limited
  - Timex to Target Luxury Lifestyle Segment in India
  - Timex Opens 'Time Factory' Store in South India
  - Longines to Open New Retail Outlets in India
  - Gitanjali Forms JV with Morellato
  - Gitanjali to Form JV with AMRO Finance
  - Timex Watches Changes its Name
  - Titan Inks Contract with MGI Luxury Asia Pacific
  - Kamla Dials to Expand Retail Network
  - Rajesh Exports Forms JV with Fossil
  - IWC Set to Open New Stores in Abu Dhabi
  - Swatch Enters into Agreement with Tiffany
  - Wee Poh Acquires Stake in Two Watch Companies
  - EISG Co Acquires Stake in Sadamatsu
  - Spectra Linear Acquires Cypress Semiconductor
  - Fossil Enters into Joint Venture with Rajesh Exports
  - Greubel Forsey Partners with Richemont
  - Citizen Increases Stake in Gaohua Keji
  - L.A.M.B Enters into a New Licensing Agreement with Vestal Group
    - Steven Madden Enters into an Agreement
    - Swatch Group and Tourneau Enter into an Alliance
    - Rocawear Signs New Agreement with Vestal Group
    - HMT Watches, Godrej & Boyce Sign Supply Agreement
    - Movado and LACOSTE Signs Pact
    - Artisit House Holdings Acquires Stake in Three Companies
    - Parlux Fragrances Signs Agreement with Tourneau
    - Highway Holdings Divests Kienzle Brand
    - Everlast Enters into Agreement with Slace
    - Callanen Enters into an Expanded Global Licensing Agreement with Guess
    - Parlux Signs Licensing Agreement to Manufacture and Sell Paris Hilton Watches
    - American Luxury Products Merges with Dermalay
    - Fossil Partners with Wal-Mart
    - Juicy Couture Pens Agreement with Movado
    - Bulova Signs Pact with Sligh Furniture
    - Seiko Watch Corporation Signs an Agreement with BAR Honda
- 7.Strategic Corporate Developments in Recent past
  - Movado Buys out LVMH's Ebel
  - Citizen Watch Merges Citizen Trading
  - Daktronics Inc. Buys European Timing Systems
  - Bell Sports Corp., Takes over Sports Instruments
  - Timex Group BV Takes over Versace SA
  - Fossil Inc. Completes the Purchase of Tempus International Corp
  - Movado Group Signs an Agreement with HUGO BOSS
  - Movado Purchases Ebel Brand from LVMH
  - Swatch Group Expands Operations in Japan
  - Richemont Plans to Open Additional 100 POS in China by 2006
  - Seiko Epson and Junghans Join Forces
  - Valentino Enters into an Agreement with Sector Group
  - Katharine Hamnett in Partnership with Nuance Group
  - Seiko Instruments Inc Initiates New Plant Operations
  - Audemars Piguet Enters Indian Market
  - Timex Watches B.V Increases Stake in Indian Subsidiary
  - Moschino Enters into Licensing Agreement with Sector
  - Bonjour Group in Agreement with Clicks
  - Victorinox Enters into a Joint Venture with Swiss Army Brands
  - Swiss Private and Institutional Investors Take over Bertolucci
  - Spalding Sports Worldwide Signs an Agreement with Advance-Fada
  - Casio India Introduces New Models
  - Citizen Opens Showrooms
  - Severin Wunderman Acquires 90% stake in Corum
  - LVMH Takes over Zenith International SA
  - Seiko Corp of America (SCA) Restructures Operations
- 8.Focus on Select Players
  - Bulgari (Italy)
  - Bulova (US)
  - Casio Computer Co Ltd. (Japan)
  - Citizen Holdings Co., Ltd. (Japan)
  - Compagnie Financire Richemont International (Switzerland)
  - Cartier SA (France)
  - Gucci Group (US)
  - Hermes International (France)
  - Junghans Uhren GmbH (Germany)
  - Movado Group Inc. (US)
  - Patek Philippe SA (Switzerland)
  - Rhythm Watch CO., LTD. (Japan)
  - Seiko Holdings Corporation (Japan)
  - Seiko Corporation of America (US)
  - The Swatch Group Ltd. (Switzerland)
  - Tag Heuer International SA (Switzerland)
  - Timex Corporation (US)
  - Titan Industries Ltd. (India)
- 9.Global Market Perspective
IV. Competitive Landscape
List of Tables
- Table 1: Worldwide Market for Watches (2006): Percentage Breakdown of Value Sales by Leading Companies (includes corresponding Graph/Chart)
- Table 2: Worldwide Market for Watches (2004-2006): Percentage Breakdown of Volume Production of Watches by Product Type (includes corresponding Graph/Chart)
- Table 3: Number of Movements Manufactured and Purchased by Swatch Group, Girard-Perregaux, Patek Philippe, Parmigiani, Rolex, F.P. Journe, Audemars Piguet, Roger Dubuis, LVMH, Ulysse Nardin, Richemont, Chopard, Corum, Frank Muller, Chronoswiss, Bulgari, Hublot, Herms, Movado/ Concord, Maurice Lacroix and British Masters: 2003 (in 1000 units)
- Table 4: Revenues of Select Players in the Watch Industry - Alfex, Audemars Piguet, Breitling, Bulgari, Casio, Chopard, Chronoswiss, Citizen, Corum, EganaGoldpfeil, Eterna, Festina, Fossil, Franck Muller, Girard-Perregaux, Gucci, Herms, Hublot, LVMH, Maurice Lacroix, Mondaine, Movado, Patek Philippe, Raymond Weil, Richemont, Rolex, Sector, Seiko, Swatch Group, Tiffany, and Ulysse Nardin for the year 2002 (in Euro Million)
- Table 5: Leading Players in the World Market for Luxury Watches (2003 & 2005): Percentage Breakdown of Value Sales by Company for Rolex, Richemont, Swatch Group, and Others (includes corresponding Graph/Chart)
- Table 6: Watches Market Worldwide: Volume Sales by Key Manufacturers (Baume et Mericer, Bulgari, Cartier, Ebel, Hermes, Piaget, Rolex) - Historical Data (includes corresponding Graph/Chart)
- Table 7: Luxury Watches Market Worldwide: Percentage Breakdown by Company (Rolex, Baume & Mericer, Cartier, Ebel, Audemar Piguet, Bulgari, Patek Phillipe, Piaget and Others) in Mid-1990s (includes corresponding Graph/Chart)
- Table 8: Market Share of Rolex, Compagnie Financiere Richemont, Swatch Group, LVMH and other in Worldwide Luxury Watch Market: 1999 (includes corresponding Graph/Chart)
- Table 9: Worldwide Market for Swiss Watches: Value Exports for Years 2003 through 2006 (in CHF Million) (includes corresponding Graph/Chart)
- 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 American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 11: World Long-term Projections for Watches by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 12: World 10-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 2000, 2007 & 2010 (includes corresponding Graph/Chart)
- 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 American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 14: World Long-term Projections for Clocks by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 15: World 10-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 2000, 2007 & 2010 (includes corresponding Graph/Chart)
- Table 16: World Recent past, Current & Future Analysis for Mass-Priced Watches (Priced under $50) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 17: World long-term Projections for Mass-Priced Watches (Priced under $50) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 18: World 10-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 2000, 2007 & 2010 (includes corresponding Graph/Chart)
- Table 19: World Recent past, Current & Future Analysis for Middle-Priced Watches (Priced between $50-$299) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 20: World Long-term Projections for Middle-Priced Watches (Priced between $50-$299) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 21: World 10-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 2000, 2007 & 2010 (includes corresponding Graph/Chart)
- Table 22: World Recent past, Current & Future Analysis for Upper-Priced Watches (Priced between $300 - $999) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 23: World Long-term Projections for Upper-Priced Watches (Priced between $300 - $999) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 24: World 10-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 2000, 2007 & 2010 (includes corresponding Graph/Chart)
- Table 25: World Recent past, Current & Future Analysis for Luxury Watches (Priced $1000 and above) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart)
- Table 26: World Long-term Projections for Luxury Watches (Priced $1000 and above) by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)
- Table 27: World 10-Year Perspective for Luxury Watches (Priced $1000 and above) 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 2000, 2007 & 2010 (includes corresponding Graph/Chart)