Watch Market Research Report 2022, Share, Size, Growth, Revenue and Forecast to 2027
IMARC Group’s latest research report, titled “Watch Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global watch market size reached US$ 66.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 93.85 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.
A watch is a portable timepiece
containing a case, dial, crown, strap, crystal, lugs, and hands, which is
carried in a pocket or worn around the wrist. It is assembled using precious
metals, such as silver, gold, and platinum, and ornamented with jewels,
including rubies and diamonds. Watches can be of various kinds, such as quartz,
mechanical, solar, kinetic, chronometer, spring drive, analog, digital, etc. These
devices add a sophisticated and elegant look to the style and personality of an
individual. As a result, watches are extensively available in online or offline
retail stores and are worn by men, women, children, etc., across the
globe.
Important Attribute and
highlights of the Report:
§ Detailed analysis of the global
market share
§ Market Segmentation by type,
price range, distribution channel, end user and region.
§ Historical, current, and
projected size of the market in terms of volume and value
§ Latest industry trends and
developments
§ Competitive Landscape for watch
market
§ Strategies of major players and
product offerings
The emerging fast fashion trends and the growing popularity of premium accessories as a status symbol are primarily driving the watch market. Besides this, the escalating demand for smart connected devices and the increasing consumer reliance on smartphones are further augmenting the market growth. Apart from this, the introduction of luxury pilot watches among aviation professionals to assist them with mid-flight aeronautical calculations, such as wind correction angle and fuel consumption, is also catalyzing the global market. Moreover, the development of custom-made watches and the expanding e-commerce industry are acting as significant growth-inducing factors. Furthermore, the elevating product utilization to provide insightful information about the overall health of the user and track the nutritional intake of individuals, on account of the inflating prevalence of chronic and lifestyle diseases, is expected to bolster the watch market in the coming years.
Key Players Included in Global
Research Report:
- Apple
Inc.
- Casio
Computer Co. Ltd.
- Citizen
Watch Co. Ltd.
- Fossil
Group Inc.
- LG
Electronics Inc.
- Movado
Group Inc.
- Rolex
SA
- Samsung
Electronics Co. Ltd.
- Seiko
Holdings Corporation
- The
Swatch Group Ltd.
- Titan
Company Limited
- Xiaomi
Corporation.
Do you know more information, Contact
to our analyst at- https://www.imarcgroup.com/watch-market
COVID-19 Impact Overview:
We
are regularly tracking the direct effect of COVID-19 on the market, along with
the indirect influence of associated industries. These observations will be
integrated into the report.
Market
Segmentation:
Breakup
by Type:
- Quartz
- Mechanical
Breakup
by Price Range:
- Low-Range
- Mid-Range
- Luxury
Breakup
by Distribution Channel:
- Online Retail Stores
- Offline Retail Stores
Breakup
by End User:
- Men
- Women
- Unisex
Breakup
by Region:
- North America: (United States,
Canada)
- Asia Pacific: (China, Japan, India,
South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United
Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,
Others)
- Middle East and Africa
TOC
for the Watch Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Watch Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC
Group is a leading market research company that offers management strategy and
market research worldwide. We partner with clients in all sectors and regions
to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s
information products include major market, scientific, economic and
technological developments for business leaders in pharmaceutical, industrial,
and high technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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