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Q & A
Why should someone buy this store?
The internet retailing growth is the main market driver, which is very beneficial for the watch
market. Looking at the latest trends, it can be noticed that the sport and the smart watches
have been increasing in demand. Furthermore, there are future expectations for the whole
industry to grow.
According to the report Global Watch Market 2017-2021, the global watch market is
expected to grow at a CAGR of 7.87% during the period 2017-2021. Approximately the
same number is found in a different source, in a report, Global Watch Market - Market
Analysis 2015-2019, where it’s stated that the high demand for Swiss luxury watches is
boosting sales and the market is expected to reach CAGR of more than 7.6% during the
2015-2019 period. Manufacturers are also entering the e-commerce segment by setting up
their own e-boutiques. Online sales of watches have witnessed considerable growth and the
trend is expected to continue during the forecasted period.
According to “Wrist Watch Industry Statistics”, the gathered data from relevant sources
(Federation of the Swiss Watch Industry (FH), Convention Patronale, Bank Vontobel,
Contrôle Officiel Suisse des Chronomètres (Official Swiss Chronometer Testing Institute,
or COSC) and Interbrand) presents some important statistics about the Watch Industry. There are 1.200.000.000 watches sold worldwide, of which 29.200.000 are Swiss Watches. Switzerland has 54% of the watch market share. The average cost of a timepiece in
Switzerland for the year 2016 was $739. In one fiscal year, the number of watches
produced in China was 663.000.000 and 354.000.00 in Hong Kong
How can the future owner improve the business?
Just Buy Quality Traffic for your store and Get started with sales.
What work have you put into the store?
Premium Watches from Aliexpress ( 25+ Products)
You will Get Facebook Assets Like ( Profile Photo+ Cover Photo ) Customized on your Logo
About the seller
Created this store 9 months ago
Hi I am Certified Shopify Setup Expert. Available on Shopify Expert Marketplace .
Just Contact me to Get your custom store setup in 24hrs or less.