Fast Market Research recommends "Watches in Spain" from Euromonitor International, now available

Boston, MA -- (SBWire) -- 10/30/2014 --Value sales of watches are set to decline by 2% in current terms in 2014. Although this is a poor performance generally, it still represents an improvement on the dismal results recorded in the category during 2013 and during earlier years of the review period. In line with trends which were in evidence earlier in the review period, the performance of watches in Spain is beholden to two major factors. The first factor is the growing popularity of consumer electronic devices which also tell the time and which are substituting the use of watches. The second factor is the adverse economic situation in the country, which has resulted in many Spaniards becoming much more cautious about what they spend their money on.

Competitive Landscape

Watches in Spain is characterised by a high degree of fragmentation and there are more than 35 companies operating within it. The most important of these during 2013 was Swatch Group Espana SA with a value share of 15%.

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Industry Prospects

Watches in Spain is set to suffer further declines during the forecast period, with value sales set to decline at a CAGR of 1% in constant 2014 terms. It is expected that timepieces in general and luxury watches in particular will suffer from the growing competition coming from consumer electronic devices which also tell the time during the forecast period. In particular, the competition from smart watches-a category which is expected to become the next big story in consumer electronics-is likely to compromise growth rates in watches in Spain during the forecast period.

Report Overview

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

The Watches in Spain 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 Spain?
- 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

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