Abstract
Watch and Clock Products Included In The Report:
- Analog Quartz Watches
- Digital Quartz Watches
- Mechanical Watches
- Watch Movements
- Watchcases
- Watch Parts
- Alarm Clocks
- Wall Clocks
- Instrument Panel Clocks
- Timing Mechanisms
- Time Switches
- Clock Movements
- Clockcases
- Clock Parts
- The U.S. market for watches and clocks will be valued at nearly $4.3
billion in 2006. Although domestic manufacturers' sales have been on the
upswing in recent years, imported goods continue to grab a bigger piece of the
pie. What is in store for the future? Don't miss our comprehensive analysis of
overall market dynamics, including our short- and long-term forecasts.
- U.S. watchmakers have been virtually shut out of the domestic marketplace,
with imported watches capturing nearly 98% of sales. However, domestic
producers have successfully turned their attention to foreign markets, with
exports now generating over 70% of U.S. watch manufacturers' sales. A special
section of this report tracks exports of all types of watches and watch parts,
detailed by country of destination.
- Ending a four-year stretch of steady declines, U.S. manufacturers' sales
of clocks rebounded in 2004 and 2005. Wall clocks posted the strongest gains,
benefiting from their recent repositioning as home decorating accessories.
Unfortunately, the outlook for 2006 isn?t as rosy. See our special coverage of
the U.S. clock industry.
- Consumers aged 25 to 44 are the biggest spenders on watches; urban
consumers spend over twice as much as their rural counterparts.Microwave oven
shipments topped the 16 million mark in the U.S. for the first time in
2005.Sales of fine watches priced at $50 and above are highest in the
South.This report looks at the many factors that impact the watch and clock
industry's bottom line.
- Switzerland is by far the number-one source of U.S. imports of watches and
clocks. China and Japan continue their heated battle for second place, but the
fastest import growth is coming from some of the as-yet minor players in the
U.S. marketplace. Our in-depth coverage of import penetration quantifies unit
and dollar imports of watches, clocks, and related products on a
country-by-country basis.
- Bulova, Montres Rolex, Howard Miller, Swatch, Casio, Audemars Piguet,
Movado, Tiffany & Co., and Chanel are just a few of the major competitors
profiled in this report. Get all the latest news on sales performance,
marketing strategies, new product development, mergers and acquisitions,
foreign ventures, and other recent activities of the movers and shakers in the
industry.
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