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| Name | Top 20 Swiss Watch Brands According To Statistics - Watch Market Update 2023 |
| Video Uploader | Video From Teddy Baldassarre |
| Upload Date | This Video Uploaded At 13-05-2023 14:00:00 |
| Video Discription | Complete Guide To The Best Swiss Watch Brands On TeddyBaldassarre.com: https://teddybaldassarre.com/blogs/watches/swiss-watch-brands Learn More About LuxeConsult Here: https://www.luxeconsult.ch/ *The charts and graphs represented in this video cannot be reproduced without LuxeConsult and Morgan Stanley's express authorization* Shop Watches: https://teddybaldassarre.com/ Written Content: https://www.teddybaldassarre.com/blog In this video, I鈥檒l dissect a report on the state of the Swiss Watch Industry by Morgan Stanley and LuxeConsult to share a detailed look at the industry鈥檚 top twenty brands from last year. In addition, I鈥檒l share many other interesting facts and figures that help paint a picture of the broader watch market going into 2023. Instagram: https://www.instagram.com/teddybaldassarre/?hl=en Top Articles On TeddyBaldassarre.com: 50 Luxury Watch Brands You Should Know: https://teddybaldassarre.com/blogs/watches/luxury-watch-brands 10 Affordable Watch Brands And Their Best Watches: https://teddybaldassarre.com/blogs/watches/affordable-watch-brands Best Watches Under $5,000 Complete Guide: https://teddybaldassarre.com/blogs/watches/45-best-watches-under-5000-a-complete-guide-2021 0:00 - Intro & Organization 2:01 - Top 10 Swiss Brands 7:47 - Following 10 & Other Winners 9:06 - Industry Value & Volume How LuxeConsult Calculates Market Share: *This text is taken directly from LuxeConsult鈥檚 report. Unlike the fast-moving consumer goods (FMCG), beverage, or retail sectors, there is no market share data published on the Swiss watch sector by consultancy firms such as Nielsen, GfK, or Kantar (which use either scanner data or panels to calculate the market shares). This is due to the impracticality of conducting such surveys and the discreet nature of the Swiss watch industry. In order to calculate market shares in the Swiss watch industry, we first estimated the number of units sold and the turnover of each of the top 65 watch brands. Our estimates here are based on figures reported by public companies, public statements made by the CEOs of watch brands over the years, direct discussions with watch brands, data from F茅d茅ration de l'Industrie Horlog猫re Suisse (FHS), and dialogue with industry contacts. In the second step, we estimate the share of retail sales in each brand's turnover. This is done by estimating the total number of directly operated stores for each Brand, as well as examining statements made by watch brand CEOs. This second step (i.e.estimating the split of sales between retail and wholesale for each brand) is often overlooked and, in our opinion, can lead to significant errors when trying to estimate market shares in the industry, given the following: a) The split varies substantially by brand. For example, we estimate that close to 100% of Rolex watches are sold by third-party retailers (i.e. wholesale). At the opposite end of the scale, we estimate that less than 40% of Swatch brand sales are done at the wholesale level. b) The retailers' significant markup (from ~28% for the strongest brands like Rolex and Patek Philippe to ~50% for brands less in demand) creates significant distortion in market share calculations. -1PvBADfQ0s |
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