Market Overview:
The global sports watches market is expected to reach a value of US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period 2018-2030. The market is segmented on the basis of type, application and region. On the basis of type, the global sports watches market is segmented into mechanical watches and electronic watch segments. The mechanical watch segment dominated the global sports watches market in 2017 and is projected to retain its dominance throughout the forecast period 2018-2030. On account of technological advancements, electronic watch segments are expected to witness higher growth rates as compared to mechanical watch segments during the forecast period 2018-2030. On the basis of application, men’s sportswatches accounted for majority share in 2017 and are projected to retain their dominance throughoutthe forecast period 2018-2030 owingto increasing demand for smartwatches from men across globe .
Product Definition:
A sports watch is a type of watch that is designed for activities such as running, biking, and swimming. They typically have features such as timers, stopwatches, and lap counters that make them ideal for tracking athletic performance. Sports watches are also often water resistant and have robust designs that can withstand the rigors of outdoor activity.
Mechanical Watches:
Mechanical watches are quartz-based timepieces, which are driven by a mechanical system. They usually have a simple internal mechanism and an easy to read LCD or LED display. Mechanical watches do not need any battery to function; they rely on the natural energy of the movement of your wrist to keep track of the time.
Electronic Watch:
1. A display that indicates the time in digital format (usually 12 or 24 hours) and can be used to check the time even when the watch is not being worn; and 2. Some additional features such as alarm, stopwatch, timer, world clock, etc., which are used by consumers for various purposes such as timing of events or lapses in a race or checking train/flight times at airports.
Application Insights:
Men application segment dominated the global sports watches market in 2017. The men¢â‚¬â„¢s application segment is expected to witness significant growth over the forecast period owing to rising demand for luxury wristwear among working professionals. In addition, increasing participation and exposure of working class males to sports and outdoor activities has led them to prefer sporty looking timepieces with features such as timer, stopwatch etc. Furthermore, growing popularity of professional athletes as well as famous personalities endorsements are further boosting product demand among male consumers globally.
The women¢â‚¬â„¢s application segment is expected register a CAGR around 5% from 2018 to 2030 due increase in interest among female athletes and gym-goers towards fitness tracking devices including Fitbit products along with advanced sporting gears such as GPS enabled smartwatches that assist them during training or workout sessions at the gymnasium or on outdoor tracks & fields.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to high disposable income of consumers and increased adoption of advanced technologies. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due mainlyto increasing purchasing power, rising popularity of sports events, and growing awareness regarding health & fitness among people in developing economies including China, India, Thailand and Singapore. Furthermore sports leagues such as Indian Premier League (IPL) have gained tremendous popularity in these countries which will drive demand for watches further.
Latin America also presents a promising opportunity for industry participants due primarilyto increase spending on leisure activities by middle-class income groups seeking status symbols associated with luxury goods across Brazil and Mexico over the past few years has been one of a key factor driving growth across this region.
Growth Factors:
- Increasing demand for sports watches from women consumers
- Rising disposable income of the middle-class population in developing countries
- Proliferation of e-commerce platforms that offer a wide range of sports watches at competitive prices
- Growing popularity of adventure and outdoor activities among millennials
- Technological advancements in the design and functionality of sports watches
Scope Of The Report
Report Attributes
Report Details
Report Title
Sports Watches Market Research Report
By Type
Mechanical Watches, Electronic Watch
By Application
Men, Women
By Companies
Casio, Garmin, Suunto, Citizen, Ezon, Nike, Adidas, Seiko, Fossil, Fitbit, Casio, Polar, Nike, Epson, Kahuna, Lotus, Timex, Hanowa, Motorola, Apple, Tomtom, Swiss Eagle, Nautica
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Sports Watches Market Report Segments:
The global Sports Watches market is segmented on the basis of:
Types
Mechanical Watches, Electronic 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
Men, Women
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:
- Casio
- Garmin
- Suunto
- Citizen
- Ezon
- Nike
- Adidas
- Seiko
- Fossil
- Fitbit
- Casio
- Polar
- Nike
- Epson
- Kahuna
- Lotus
- Timex
- Hanowa
- Motorola
- Apple
- Tomtom
- Swiss Eagle
- Nautica
Highlights of The Sports 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:
- Mechanical Watches
- Electronic Watch
- By Application:
- Men
- Women
- 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 Sports 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?
Sports watches are a type of watch that is designed to track the time and date, as well as the current score or other information related to sports.
Some of the major companies in the sports watches market are Casio, Garmin, Suunto, Citizen, Ezon, Nike, Adidas, Seiko, Fossil, Fitbit, Casio, Polar, Nike, Epson, Kahuna, Lotus, Timex, Hanowa, Motorola, Apple, Tomtom, Swiss Eagle, Nautica.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sports 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 Sports Watches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sports 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 Sports 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 Sports Watches Market Size & Forecast, 2018-2028
4.5.1 Sports Watches Market Size and Y-o-Y Growth
4.5.2 Sports Watches Market Absolute $ Opportunity
Chapter 5 Global Sports 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 Sports Watches Market Size Forecast by Type
5.2.1 Mechanical Watches
5.2.2 Electronic Watch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sports 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 Sports Watches Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sports 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 Sports 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 Sports Watches Analysis and Forecast
9.1 Introduction
9.2 North America Sports 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 Sports Watches Market Size Forecast by Type
9.6.1 Mechanical Watches
9.6.2 Electronic 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 Sports Watches Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
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 Sports Watches Analysis and Forecast
10.1 Introduction
10.2 Europe Sports 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 Sports Watches Market Size Forecast by Type
10.6.1 Mechanical Watches
10.6.2 Electronic 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 Sports Watches Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
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 Sports Watches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sports 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 Sports Watches Market Size Forecast by Type
11.6.1 Mechanical Watches
11.6.2 Electronic 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 Sports Watches Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
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 Sports Watches Analysis and Forecast
12.1 Introduction
12.2 Latin America Sports 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 Sports Watches Market Size Forecast by Type
12.6.1 Mechanical Watches
12.6.2 Electronic 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 Sports Watches Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
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) Sports Watches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sports 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) Sports Watches Market Size Forecast by Type
13.6.1 Mechanical Watches
13.6.2 Electronic 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) Sports Watches Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
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 Sports Watches Market: Competitive Dashboard
14.2 Global Sports Watches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Casio
14.3.2 Garmin
14.3.3 Suunto
14.3.4 Citizen
14.3.5 Ezon
14.3.6 Nike
14.3.7 Adidas
14.3.8 Seiko
14.3.9 Fossil
14.3.10 Fitbit
14.3.11 Casio
14.3.12 Polar
14.3.13 Nike
14.3.14 Epson
14.3.15 Kahuna
14.3.16 Lotus
14.3.17 Timex
14.3.18 Hanowa
14.3.19 Motorola
14.3.20 Apple
14.3.21 Tomtom
14.3.22 Swiss Eagle
14.3.23 Nautica
