Deep Dive 27 minutes PremiumUS Watch Market: Traditional Watches Cede Share to Smartwatches, While Luxury Offerings Continue To Grow Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Research June 14, 2023 What's InsideWith professionals’ return to the office, consumers’ growing emphasis on active lifestyles and technological advancements driving watch purchases in the US, we examine the size and trajectory of the US watch market, examining both the smartwatch and traditional watch categories in detail. Additionally, we cover major factors impacting the market, the competitive landscapes and themes we are watching in the space in 2023 and beyond. Data in this research report include: US consumer spending on watches for 2018–2027E Year-over-year sales growth, both overall and by category, for the US watch market for 2018–2027E Year-over-year changes in the consumer price index of watches for April 2022–April 2023 Proprietary survey data on dollar amount spent per watch bought, watch brands shopped, important watch features and more Number of high-net-worth individuals by country Companies mentioned in this report include: Casio, Kering, LVMH, Richemont, Rolex, Tapestry and Timex Other relevant research: Market Navigator: US Apparel and Footwear Retailing—After the Bounce, What’s Next? Market Outlook: US Luxury Set for Solid Growth Why Now for YNAP? Farfetch’s Acquisition of YOOX Net-A-Porter Group Empowers Richemont To Focus on Jewelry and Watches This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: Retail Challenges Boost Edge Technology Investment: Research PreviewUS Consumer Tracker: Shoppers Show Reduced Awareness of Price IncreasesWeekly US and UK Store Openings and Closures Tracker 2023, Week 29: UK Closures Up 91%Store Tracker Extra: US and UK Store Openings and Closures 2022 Review and 2023 Outlook