| Product Code: ETC4804628 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium`s import market for watches continued to showcase moderate concentration with the top countries of origin being China, Metropolitan France, Germany, Switzerland, and Spain. Despite an overall decline in the compound annual growth rate (CAGR) from 2020 to 2024 at -4.34%, there was a notable uptick in growth from 2023 to 2024 at 6.62%. These figures suggest a dynamic landscape for watch imports in Belgium, with a diverse range of sources contributing to the market.

The Belgium Watches Market covers the design, production, and sale of wristwatches and other types of timepieces. This market includes luxury watches, smartwatches, and fashion watches catering to various consumer preferences and price points.
The watches market in Belgium is influenced by the growing demand for luxury and fashion watches among consumers. Watches are not only functional timekeeping devices but also popular fashion accessories and status symbols. The rise in disposable income, the growing interest in luxury goods, and the expansion of retail channels drive market growth. Additionally, innovations in watch design, technology, and materials, as well as the increasing popularity of smartwatches, contribute to the market`s expansion.
The Belgian watches market encounters challenges such as the growing competition from smartwatches and wearable technology, which shifts consumer preferences away from traditional timepieces. Additionally, fluctuating luxury goods markets and the impact of economic conditions on consumer spending can affect sales. There is also pressure to innovate and offer unique designs to differentiate from competitors in the crowded market.
Government policies in Belgium regulate the watches market to ensure product quality, authenticity, and fair competition. Regulations focus on preventing the sale of counterfeit watches, promoting transparent labeling and marketing practices, and supporting consumer protection.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Watches Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Watches Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Watches Market - Industry Life Cycle |
3.4 Belgium Watches Market - Porter's Five Forces |
3.5 Belgium Watches Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium Watches Market Revenues & Volume Share, By Operations, 2021 & 2031F |
3.7 Belgium Watches Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Belgium Watches Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Belgium Watches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Belgium |
4.2.2 Growing preference for luxury and fashion accessories |
4.2.3 Rising trend of gifting watches for special occasions |
4.3 Market Restraints |
4.3.1 Competition from other fashion accessories like smartwatches |
4.3.2 Economic uncertainty impacting consumer spending |
4.3.3 Price sensitivity among certain consumer segments |
5 Belgium Watches Market Trends |
6 Belgium Watches Market Segmentations |
6.1 Belgium Watches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Watches Market Revenues & Volume, By Smart Watches, 2021-2031F |
6.1.3 Belgium Watches Market Revenues & Volume, By Luxury Watches, 2021-2031F |
6.1.4 Belgium Watches Market Revenues & Volume, By Fitness Watches, 2021-2031F |
6.2 Belgium Watches Market, By Operations |
6.2.1 Overview and Analysis |
6.2.2 Belgium Watches Market Revenues & Volume, By Mechanical, 2021-2031F |
6.2.3 Belgium Watches Market Revenues & Volume, By Quartz, 2021-2031F |
6.3 Belgium Watches Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Belgium Watches Market Revenues & Volume, By Hypermarket/ Supermarket, 2021-2031F |
6.3.3 Belgium Watches Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.3.4 Belgium Watches Market Revenues & Volume, By Online, 2021-2031F |
6.5 Belgium Watches Market, By End-Users |
6.5.1 Overview and Analysis |
6.5.2 Belgium Watches Market Revenues & Volume, By Women, 2021-2031F |
6.5.3 Belgium Watches Market Revenues & Volume, By Unisex, 2021-2031F |
7 Belgium Watches Market Import-Export Trade Statistics |
7.1 Belgium Watches Market Export to Major Countries |
7.2 Belgium Watches Market Imports from Major Countries |
8 Belgium Watches Market Key Performance Indicators |
8.1 Average selling price of watches in Belgium |
8.2 Number of new watch designs launched in the market |
8.3 Percentage of consumers who consider watches as a status symbol |
8.4 Social media engagement and influencer partnerships for watch brands |
8.5 Growth in online sales of watches in Belgium |
9 Belgium Watches Market - Opportunity Assessment |
9.1 Belgium Watches Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium Watches Market Opportunity Assessment, By Operations, 2021 & 2031F |
9.3 Belgium Watches Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Belgium Watches Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Belgium Watches Market - Competitive Landscape |
10.1 Belgium Watches Market Revenue Share, By Companies, 2024 |
10.2 Belgium Watches Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |