Market Overview:
The global premium sports watch market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for luxury watches among men and women. Additionally, the rising disposable income of consumers in developing countries is also propelling the growth of this market. On the basis of type, digital watches are expected to dominate the global premium sports watch market during the forecast period. This can be attributed to their growing popularity among millennials and Gen Z consumers owing to their trendy designs and features such as Bluetooth connectivity, activity tracking, etc. Quartz watches are also witnessing high demand from consumers due to their low price point and durability. On the basis of application, male segment is anticipated to hold a dominant position in this market throughout 2030 followed by female segment.
Product Definition:
A premium sports watch is a high-quality timepiece that is specifically designed for athletes or people who are active. These watches often have features like water resistance, durable construction, and tracking capabilities that make them ideal for use while exercising or participating in other outdoor activities.
Digital Watch:
Digital watches are electronic devices that can be connected to a portable radio or directly to a smartphone via Bluetooth. They display the time and allow the user to receive notifications of calls, messages and other alerts from their smartphones. The market is expected to witness significant growth over the forecast period owing to increasing demand for smartwatches in developed countries such as U.S.
Quartz Watch:
Quartz watch is a battery-powered electronic device that displays the time of day and date. It is available in different forms such as digital, analog, and hybrid. The quartz watches are used by people who frequently travel or do not want to wear a wristwatch all the time. These are also used by people who prefer using electronic devices for keeping track of the time instead of wearing a wristwatch all the time.
Application Insights:
The male application segment held the largest share of over 70.0% in 2017. The growth is attributed to the increasing popularity of sports activities, especially among working-class males in developed economies including U.S., Canada and France. In addition, a rise in participation rate for physical exercise among adult males has increased the demand for sports watches with features such as stopwatch and timer which is further anticipated to drive the market growth over forecast period.
The female application segment is expected to witness significant growth owing to rising number of female athletes participating at professional level globally as well as locally across various countries including China, India and Australia who require accurate timepieces for training.
Regional Analysis:
North America dominated the global premium sports watch market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing disposable income, high product demand, and rising health consciousness among consumers in North America. Moreover, technological advancements coupled with a strong presence of key players such as Rolex; Omega; and Tag Heuer are also responsible for maintaining the regional market share.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing product penetration and rising consumer disposable income levels in emerging countries such as China and India. Furthermore, growing popularity of various sports including cricket has increased product demand across Asia Pacific region which is further expected to drive growth during the forecast period from 2018 till 2030 timeframe). Cricket being one of most popular sport across Asia has led many manufacturers including Nike Inc.; Adidas AG; Asics Corporation; New Balance Athletics LLC.; Puma Suede Shoes GmbH & Co.
Growth Factors:
- Increasing disposable income of consumers
- Growing popularity of sports and fitness activities
- Proliferation of smart watches and other wearable devices
- Rising demand for customized/personalized products
- Advances in technology and manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Sports Watch Market Research Report
By Type
Digital Watch, Quartz Watch
By Application
Male, Female
By Companies
Garmin, Samsung, Withings, Suunto Oy, Tag Heuer, Watches of Switzerland, Westfashionco, CASIO, Polar, Timex Group B.V., TomTom, Coros
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Premium Sports Watch Market Report Segments:
The global Premium Sports Watch market is segmented on the basis of:
Types
Digital Watch, Quartz Watch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Male, Female
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Garmin
- Samsung
- Withings
- Suunto Oy
- Tag Heuer
- Watches of Switzerland
- Westfashionco
- CASIO
- Polar
- Timex Group B.V.
- TomTom
- Coros
Highlights of The Premium Sports Watch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digital Watch
- Quartz Watch
- By Application:
- Male
- Female
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Premium Sports Watch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Premium Sports Watch is a watch brand that specializes in high-quality sports watches. The company was founded in 2006 and has since released several different models of watches, including the popular Timex Ironman Triathlon watch.
Some of the major players in the premium sports watch market are Garmin, Samsung, Withings, Suunto Oy, Tag Heuer, Watches of Switzerland, Westfashionco, CASIO, Polar, Timex Group B.V., TomTom, Coros.
The premium sports watch market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Premium Sports Watch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Premium Sports Watch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Premium Sports Watch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Premium Sports Watch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Premium Sports Watch Market Size & Forecast, 2020-2028
4.5.1 Premium Sports Watch Market Size and Y-o-Y Growth
4.5.2 Premium Sports Watch Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Digital Watch
5.2.2 Quartz Watch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Male
6.2.2 Female
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Premium Sports Watch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Premium Sports Watch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Digital Watch
9.6.2 Quartz Watch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Male
9.10.2 Female
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Digital Watch
10.6.2 Quartz Watch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Male
10.10.2 Female
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Digital Watch
11.6.2 Quartz Watch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Male
11.10.2 Female
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Digital Watch
12.6.2 Quartz Watch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Male
12.10.2 Female
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Digital Watch
13.6.2 Quartz Watch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Male
13.10.2 Female
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Premium Sports Watch Market: Competitive Dashboard
14.2 Global Premium Sports Watch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garmin
14.3.2 Samsung
14.3.3 Withings
14.3.4 Suunto Oy
14.3.5 Tag Heuer
14.3.6 Watches of Switzerland
14.3.7 Westfashionco
14.3.8 CASIO
14.3.9 Polar
14.3.10 Timex Group B.V.
14.3.11 TomTom
14.3.12 Coros
