| Product Code: ETC228330 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The watches and clocks market in Vietnam provides a comprehensive selection of timekeeping devices, including wristwatches, wall clocks, and alarm clocks. Watches and clocks are essential tools for time management and organization. They are widely used in households, businesses, and various settings to ensure punctuality and efficiency in daily routines. As individuals prioritize time management, the watches and clocks market remains integral to Vietnamese society.
The growth of the Vietnam watches and clocks market is propelled by the essential role of timekeeping in daily life, the demand for accurate and reliable timepieces, and the integration of advanced features in modern clocks. Watches and clocks are indispensable tools for time management and scheduling. The market benefits from the need for precision in various activities, including work, education, and travel. Manufacturers continue to innovate by incorporating technology, such as smart features, into timekeeping devices, enhancing their functionality and appeal, and contributing to the market`s growth.
In the Vietnam watches and clocks market, challenges arise from competition with digital timekeeping devices and consumer familiarity with digital technology. Traditional watches and clocks offer simplicity and reliability, but consumers may be more accustomed to digital options. Manufacturers must invest in marketing efforts that highlight the aesthetic appeal, craftsmanship, and durability of traditional watches and clocks while addressing consumer demand for digital functionalities.
In the Vietnam watches and clocks market, the COVID-19 pandemic influenced consumer preferences and retail dynamics. With increased reliance on digital timekeeping devices, traditional watches and clocks faced changes in demand. Manufacturers adapted by offering innovative designs and features to cater to niche markets and collectors. Online sales channels gained prominence as consumers sought convenience and safety. Despite shifts in demand, the market remained dynamic and adjusted to meet the evolving preferences of consumers during the pandemic.
Key players in the Vietnam watches and clocks market encompass both domestic retailers of watches and international watch brands. Domestic retailers like Saigon Jewelry Company Limited (SJC) offer various watches and clocks to consumers within Vietnam. Additionally, international watch brands like Casio, Citizen, and Fossil have a presence in the Vietnamese market, providing a diverse selection of timepieces to meet 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 Vietnam Watches and Clocks Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Watches and Clocks Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Watches and Clocks Market - Industry Life Cycle |
3.4 Vietnam Watches and Clocks Market - Porter's Five Forces |
3.5 Vietnam Watches and Clocks Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Vietnam Watches and Clocks Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Vietnam Watches and Clocks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of Vietnamese consumers |
4.2.2 Growing urbanization leading to higher demand for watches and clocks |
4.2.3 Rising fashion consciousness and preference for accessorizing |
4.3 Market Restraints |
4.3.1 Competition from imported brands |
4.3.2 Price sensitivity of consumers |
4.3.3 Presence of counterfeit products in the market |
5 Vietnam Watches and Clocks Market Trends |
6 Vietnam Watches and Clocks Market, By Types |
6.1 Vietnam Watches and Clocks Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Watches and Clocks Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Vietnam Watches and Clocks Market Revenues & Volume, By Sport Watches, 2021-2031F |
6.1.4 Vietnam Watches and Clocks Market Revenues & Volume, By Luxury Watches, 2021-2031F |
6.1.5 Vietnam Watches and Clocks Market Revenues & Volume, By Diamond Watches, 2021-2031F |
6.1.6 Vietnam Watches and Clocks Market Revenues & Volume, By Alarm Clock, 2021-2031F |
6.1.7 Vietnam Watches and Clocks Market Revenues & Volume, By Wall Clock, 2021-2031F |
6.2 Vietnam Watches and Clocks Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Watches and Clocks Market Revenues & Volume, By Display Time, 2021-2031F |
6.2.3 Vietnam Watches and Clocks Market Revenues & Volume, By Adornment, 2021-2031F |
6.2.4 Vietnam Watches and Clocks Market Revenues & Volume, By Collection, 2021-2031F |
6.2.5 Vietnam Watches and Clocks Market Revenues & Volume, By Other, 2021-2031F |
7 Vietnam Watches and Clocks Market Import-Export Trade Statistics |
7.1 Vietnam Watches and Clocks Market Export to Major Countries |
7.2 Vietnam Watches and Clocks Market Imports from Major Countries |
8 Vietnam Watches and Clocks Market Key Performance Indicators |
8.1 Average selling price of watches and clocks |
8.2 Number of retail outlets stocking high-end watch brands |
8.3 Consumer sentiment towards local watch brands |
8.4 Number of collaborations with local designers for exclusive watch collections |
8.5 Growth in online sales of watches and clocks |
9 Vietnam Watches and Clocks Market - Opportunity Assessment |
9.1 Vietnam Watches and Clocks Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Vietnam Watches and Clocks Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Vietnam Watches and Clocks Market - Competitive Landscape |
10.1 Vietnam Watches and Clocks Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Watches and Clocks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |