| Product Code: ETC228325 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Thailand watches and clocks market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -14.61%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 7.66%. This negative momentum in import growth could be attributed to shifts in consumer preferences, changes in trade policies, or global market conditions impacting demand for timepieces.
The Thailand watches and clocks market is a diverse sector encompassing both traditional and modern timekeeping devices. In addition to wristwatches, it includes wall clocks, desk clocks, and other timepieces. This market serves various purposes, from decorative pieces to functional timekeeping devices in homes and businesses.
The Thailand Watches and Clocks market is witnessing steady growth due to a combination of factors. Traditional timepieces continue to have a place in Thai culture, with many valuing the craftsmanship and heritage associated with these products. Additionally, the demand for modern, technologically advanced watches is on the rise, thanks to features like fitness tracking and connectivity. The market is also driven by the prevalence of special occasions and gift-giving traditions, where watches and clocks are popular choices.
The Thailand Watches and Clocks Market faces challenges related to consumer preferences and technological advancements. Traditional clocks are becoming less popular as people increasingly rely on digital devices for timekeeping. The shift towards smartwatches and digital clocks has reduced the demand for traditional timepieces. Additionally, economic fluctuations can impact consumers` discretionary spending on luxury watches and clocks, affecting market stability. Competition from international watch brands also presents a challenge for local manufacturers.
The Thailand watches and clocks market faced challenges due to the COVID-19 pandemic. As people relied on their smartphones for timekeeping, the demand for traditional clocks decreased. The market also experienced disruptions in the supply chain, affecting the availability of certain watch models. Online sales channels became crucial for maintaining business operations.
This market encompasses a wide range of timekeeping devices, including wristwatches, wall clocks, and more. Key players include global brands like Seiko, Citizen, and local manufacturers who cater to diverse consumer preferences.
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 Thailand Watches and Clocks Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Watches and Clocks Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Watches and Clocks Market - Industry Life Cycle |
3.4 Thailand Watches and Clocks Market - Porter's Five Forces |
3.5 Thailand Watches and Clocks Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Thailand Watches and Clocks Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Thailand Watches and Clocks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Thailand |
4.2.2 Growing popularity of fashion accessories and luxury items |
4.2.3 Rising awareness about fashion trends and style among the population |
4.3 Market Restraints |
4.3.1 Competition from smartwatches and wearable technology |
4.3.2 Economic uncertainty affecting consumer spending |
4.3.3 Availability of counterfeit products impacting the market |
5 Thailand Watches and Clocks Market Trends |
6 Thailand Watches and Clocks Market, By Types |
6.1 Thailand Watches and Clocks Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Thailand Watches and Clocks Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Thailand Watches and Clocks Market Revenues & Volume, By Sport Watches, 2021-2031F |
6.1.4 Thailand Watches and Clocks Market Revenues & Volume, By Luxury Watches, 2021-2031F |
6.1.5 Thailand Watches and Clocks Market Revenues & Volume, By Diamond Watches, 2021-2031F |
6.1.6 Thailand Watches and Clocks Market Revenues & Volume, By Alarm Clock, 2021-2031F |
6.1.7 Thailand Watches and Clocks Market Revenues & Volume, By Wall Clock, 2021-2031F |
6.2 Thailand Watches and Clocks Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Watches and Clocks Market Revenues & Volume, By Display Time, 2021-2031F |
6.2.3 Thailand Watches and Clocks Market Revenues & Volume, By Adornment, 2021-2031F |
6.2.4 Thailand Watches and Clocks Market Revenues & Volume, By Collection, 2021-2031F |
6.2.5 Thailand Watches and Clocks Market Revenues & Volume, By Other, 2021-2031F |
7 Thailand Watches and Clocks Market Import-Export Trade Statistics |
7.1 Thailand Watches and Clocks Market Export to Major Countries |
7.2 Thailand Watches and Clocks Market Imports from Major Countries |
8 Thailand Watches and Clocks Market Key Performance Indicators |
8.1 Average selling price of watches and clocks |
8.2 Number of new product launches in the market |
8.3 Consumer sentiment towards luxury goods |
8.4 Tourism trends in Thailand |
8.5 Adoption rate of e-commerce for purchasing watches and clocks |
9 Thailand Watches and Clocks Market - Opportunity Assessment |
9.1 Thailand Watches and Clocks Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Thailand Watches and Clocks Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Thailand Watches and Clocks Market - Competitive Landscape |
10.1 Thailand Watches and Clocks Market Revenue Share, By Companies, 2024 |
10.2 Thailand Watches and Clocks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |