Market Overview:
The global quartz watches market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The quartz watches market is segmented on the basis of type, application and region. On the basis of type, digital quartz watches are expected to dominate the market with a share of more than 50%, by 2030. Pointer quartz watches are also anticipated to witness significant growth during the forecast period owing to their traditional design and features. By application, women’s Quartz Watches Market is projected to grow at a higher CAGR as compared to men’s Quartz Watches Market over the forecast period due rising demand for luxury timepieces among women across regions.
Product Definition:
A quartz watch is a watch that uses a quartz crystal to keep time. The quartz crystal oscillates at a consistent frequency, which allows the watch to keep track of time. Quartz watches are often more accurate than other types of watches, and they are also less likely to be affected by magnetic fields.
Digital:
The digital segment is the fastest growing segment in quartz watches market. The major factor that can be attributed to its growth is increasing demand for smartwatches and technological advancements. In addition, factors such as rising disposable income among middle-class population in emerging economies of Asia Pacific and Latin America coupled with high purchasing power of consumers in developed countries such as U.S., Canada, Germany, France are expected to further drive the market over the forecast period.
Pointer:
Pointer is a device that helps in measuring the seconds and also indicating the date & time. It is generally used in quartz watches, which are electronic devices used for timing purposes. The design of these watches has been modified to include a small wheel or stake that rotates around an axis through which a thin wire passes repeatedly and as soon as it makes one full revolution, the watch indicates the corresponding second.
The primary function of this device is to indicate minutes.
Application Insights:
The kid's segment held the largest market share of more than 25% in 2017. The quartz watches for kids are lightweight and have a simple display screen that makes it easy for children to use. These smartwatches are ideal gifts for children as they can be used by parents to monitor their child¢â‚¬â„¢s activity through the smartphone application without having to reach out and touch them.
The women segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 owing to increasing demand from working class women who prefer wearing a watch with features such as timer, stopwatch, date display etc over traditional wrist watches which were once considered only a luxury item worn by upper class people or aristocracy members only.
quartz watches are available in various designs.
Regional Analysis:
North America dominated the global market in 2017 owing to high product demand from U.S. and Canada as a result of rising popularity of fitness watches, smartwatches, and digital quartz watches for timekeeping in vehicles. Asia Pacific is expected to be the fastest-growing regional market over the forecast period due to increasing purchasing power, growing sales through online channels, and rising interest among consumers towards wearable technology products such as smartwatches & fitness monitors.
Europe accounted for more than 20% share of global revenue in 2017 on account of high product penetration due to early adoption by consumers coupled with technological advancements such as waterproofing ability & increased battery life expectancy resulting into increased sales across this region over the forecast period will remain a key factor driving growth across this region during the forecast period as well as future years ahead.
Growth Factors:
- Increasing demand for quartz watches from women
- Rising disposable income of consumers in developing countries
- Technological advancements in quartz watch manufacturing process
- Growing popularity of smart watches and wearable devices
- Fashionable design and trendy styles of quartz watches
Scope Of The Report
Report Attributes
Report Details
Report Title
Quartz Watches Market Research Report
By Type
Digital, Pointer
By Application
Women, Men, Kids
By Companies
Armitron, Casio, Chopard, Citizen, Fossil, Michael Kors, MICHELE, Movado, Nixon, Seiko, Armitron
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Quartz Watches Market Report Segments:
The global Quartz Watches market is segmented on the basis of:
Types
Digital, Pointer
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
Women, Men, Kids
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:
- Armitron
- Casio
- Chopard
- Citizen
- Fossil
- Michael Kors
- MICHELE
- Movado
- Nixon
- Seiko
- Armitron
Highlights of The Quartz Watches 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
- Pointer
- By Application:
- Women
- Men
- Kids
- 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 Quartz Watches 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?
Quartz watches are a type of wristwatch that use quartz crystals to keep time. They are often considered more high-end than other types of watches, and they tend to be less expensive than other types of watches.
Some of the major players in the quartz watches market are Armitron, Casio, Chopard, Citizen, Fossil, Michael Kors, MICHELE, Movado, Nixon, Seiko, Armitron.
The quartz watches market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Quartz Watches 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 Quartz Watches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Quartz Watches 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 Quartz Watches 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 Quartz Watches Market Size & Forecast, 2018-2028
4.5.1 Quartz Watches Market Size and Y-o-Y Growth
4.5.2 Quartz Watches Market Absolute $ Opportunity
Chapter 5 Global Quartz Watches 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 Quartz Watches Market Size Forecast by Type
5.2.1 Digital
5.2.2 Pointer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Quartz Watches 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 Quartz Watches Market Size Forecast by Applications
6.2.1 Women
6.2.2 Men
6.2.3 Kids
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Quartz Watches 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 Quartz Watches 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 Quartz Watches Analysis and Forecast
9.1 Introduction
9.2 North America Quartz Watches 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 Quartz Watches Market Size Forecast by Type
9.6.1 Digital
9.6.2 Pointer
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 Quartz Watches Market Size Forecast by Applications
9.10.1 Women
9.10.2 Men
9.10.3 Kids
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 Quartz Watches Analysis and Forecast
10.1 Introduction
10.2 Europe Quartz Watches 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 Quartz Watches Market Size Forecast by Type
10.6.1 Digital
10.6.2 Pointer
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 Quartz Watches Market Size Forecast by Applications
10.10.1 Women
10.10.2 Men
10.10.3 Kids
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 Quartz Watches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Quartz Watches 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 Quartz Watches Market Size Forecast by Type
11.6.1 Digital
11.6.2 Pointer
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 Quartz Watches Market Size Forecast by Applications
11.10.1 Women
11.10.2 Men
11.10.3 Kids
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 Quartz Watches Analysis and Forecast
12.1 Introduction
12.2 Latin America Quartz Watches 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 Quartz Watches Market Size Forecast by Type
12.6.1 Digital
12.6.2 Pointer
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 Quartz Watches Market Size Forecast by Applications
12.10.1 Women
12.10.2 Men
12.10.3 Kids
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) Quartz Watches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Quartz Watches 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) Quartz Watches Market Size Forecast by Type
13.6.1 Digital
13.6.2 Pointer
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) Quartz Watches Market Size Forecast by Applications
13.10.1 Women
13.10.2 Men
13.10.3 Kids
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 Quartz Watches Market: Competitive Dashboard
14.2 Global Quartz Watches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armitron
14.3.2 Casio
14.3.3 Chopard
14.3.4 Citizen
14.3.5 Fossil
14.3.6 Michael Kors
14.3.7 MICHELE
14.3.8 Movado
14.3.9 Nixon
14.3.10 Seiko
14.3.11 Armitron
