mercredi 4 décembre 2013

The market overview

With the development of the society, the watch company were not just selling their watches, they began to give a story to their watches, or they began to make their products more useful and lifelike and the extend function of watch. Watch is not only a timer, but also a representative of fashion tendency and status in the society.

Accordingly, the world of the watches’ industry had reached a significant stage in the 1970’s when there was a possible phase of transition from one way of watch making technology to another i.e. from mechanical to electronic watches. As we all know, The Swiss watch industry had always been the dominant market in the world watch market. Except highly skilled labor and sophisticated knowledge about making watch, Swiss had adopted new technics into making watch; hence they had built watch making into a strong brand.

 In order to comprehend the whole view of watch marketing, our team has listed different brands below. So we are able to know how big the watch market is, although it is not a complete list of all watch brands in existence. For example, TISSOT, is the world’s largest watch producer and distributor; OMEGA, Swiss luxury watch manufacturer; ROLEX, is the largest manufacturer of Swiss made certified chronometers. Meanwhile, the SWATCH, the largest watch company in the world. So what are differences in these companies? Why they reach their success in building brand? And how they manage their brands in watch market? That’s why we are here to study the battle between SWATCH and ICE-WATCH, from which we can generalize whole watch brand market.

Minna Chang

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