Market Overview:
The global third party replacement strap for luxury watch market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury watches, rising disposable income, and growing awareness about different types of straps available in the market. The global third party replacement strap for luxury watch market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into leatherwear, metal, rubber, textile and others segments. The leatherwear segment is expected to hold a major share in terms of revenue in 2018 owing to its high durability and aesthetic appeal. However; rubber straps are anticipated to witness highest growth rate during forecast period due their low cost as compared with other types of straps available in the market. On basis if application; maintenance applications are estimated dominate over individualized needs applications by 2030 end due higher adoption rates across developed economies such as North America & Europe where people generally prefer maintaining originality/authenticityof products rather than opting for customized replacements or repairs .
Product Definition:
A Third Party Replacement Strap for Luxury Watch is a strap that is not made by the watch manufacturer, but is made to replace the original strap on a luxury watch. This type of replacement strap can be important because it can help keep the value of the watch if it needs to be serviced or repaired.
Leatherwear:
Leatherwear is a type of apparel made from the skin of animals. It can be used as an alternative to rubber, plastic and metal. Leather is durable, flexible and soft which makes it more preferable for use in straps for luxury watches. The leather straps are available in various types including vegetable leather, artificial leather and real or tanned leather among others.
The demand for luxury watches has increased over the past few years owing to factors such as status symbol, investment nature.
Metal:
Metal and its usage in Third Party Replacement Strap for Luxury Watch market is a new term that came into existence only after the great recession of 2008. The main reason behind this economic downfall was the over reliance on financial services, which were affected by the global crisis. The strap or band was ancillary to those financial services and hence it too suffered during this period.
Application Insights:
In terms of revenue, the maintenance application dominated the market with a share of over 60.0% in 2017. This is attributed to increasing demand for luxury watches from individuals and businesses across all industry verticals. The individualized needs application segment is expected to witness significant growth over the forecast period owing to rising consumer preference for personalized products and accessories. Replacement straps are designed according to specific requirements or demands made by consumers through online or personal interactions with brands, resellers or retailers regarding desired product features such as color, texture etcetera.
The customized needs application segment accounted for a relatively smaller share in 2017 as compared with other two segments but it is anticipated that this trend will change soon enough and third party replacement strap providers will be able tousefully meet growing customer requirements within reasonable time frames which they have promised so far during their marketing campaigns on social media platforms like Facebook & YouTube among others where customers can directly interact with brands regarding their concerns related to product quality.
Regional Analysis:
Asia Pacific is anticipated to be the fastest growing regional market for third party replacement straps over the forecast period. This growth can be attributed to increasing disposable income, rising population of working professionals and changing lifestyle of individuals. In addition, an increase in demand for luxury watches has led to a rise in the number of repair services across this region.
The Asia Pacific was followed by Europe which accounted for more than 25% revenue share in 2017 owing to high demand from Germany and Switzerland on account of their large number of manufacturing industries involved with mechanical watch repairs & maintenance services providers such as SPC Services Ltd., Ulysse Nardin Repair Centre Suisse, Rolex Geneva Orologiai e Montaggio (RGO) sas di Breitling SASUNA Watches BVBAORIQUES SA.
Growth Factors:
- Increased demand for luxury watches from the growing affluent population in developing countries.
- Rising popularity of smartwatches and wearable devices, which is expected to drive the demand for replacement straps for luxury watches.
- Growing trend of customization among watch enthusiasts, which is likely to boost the market growth for replacement straps for luxury watches.
- Increasing number of fashion-conscious consumers who are looking to add new style elements to their wardrobe by changing watch straps regularly.
- Proliferation of online platforms that offer a wide range of replacement straps for different types of luxury watches at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Third Party Replacement Strap for Luxury Watch Market Research Report
By Type
Leatherwear, Metal, Rubber, Textile, Others
By Application
Maintenance, Individualized Needs
By Companies
ABP Paris, Camille Fournet, Hirsch, Rios1931, Staib Germany, Horus Strap, WOTANCRAFT, Rubber B, Vagenari, Vulcan
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Third Party Replacement Strap for Luxury Watch Market Report Segments:
The global Third Party Replacement Strap for Luxury Watch market is segmented on the basis of:
Types
Leatherwear, Metal, Rubber, Textile, Others
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
Maintenance, Individualized Needs
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:
- ABP Paris
- Camille Fournet
- Hirsch
- Rios1931
- Staib Germany
- Horus Strap
- WOTANCRAFT
- Rubber B
- Vagenari
- Vulcan
Highlights of The Third Party Replacement Strap for Luxury 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:
- Leatherwear
- Metal
- Rubber
- Textile
- Others
- By Application:
- Maintenance
- Individualized Needs
- 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 Third Party Replacement Strap for Luxury 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?
Third party replacement straps are designed to replace the original strap on a luxury watch. They are made from high-quality materials and can be customized to fit your watch perfectly. Third party straps offer an extra layer of protection and style for your watch, making it look new again.
Some of the major players in the third party replacement strap for luxury watch market are ABP Paris, Camille Fournet, Hirsch, Rios1931, Staib Germany, Horus Strap, WOTANCRAFT, Rubber B, Vagenari, Vulcan.
The third party replacement strap for luxury watch market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Third Party Replacement Strap for Luxury 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 Third Party Replacement Strap for Luxury Watch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Third Party Replacement Strap for Luxury 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 Third Party Replacement Strap for Luxury 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 Third Party Replacement Strap for Luxury Watch Market Size & Forecast, 2018-2028
4.5.1 Third Party Replacement Strap for Luxury Watch Market Size and Y-o-Y Growth
4.5.2 Third Party Replacement Strap for Luxury Watch Market Absolute $ Opportunity
Chapter 5 Global Third Party Replacement Strap for Luxury Watch 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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Type
5.2.1 Leatherwear
5.2.2 Metal
5.2.3 Rubber
5.2.4 Textile
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Third Party Replacement Strap for Luxury Watch 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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Applications
6.2.1 Maintenance
6.2.2 Individualized Needs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Third Party Replacement Strap for Luxury 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 Third Party Replacement Strap for Luxury 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 Third Party Replacement Strap for Luxury Watch Analysis and Forecast
9.1 Introduction
9.2 North America Third Party Replacement Strap for Luxury Watch 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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Type
9.6.1 Leatherwear
9.6.2 Metal
9.6.3 Rubber
9.6.4 Textile
9.6.5 Others
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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Applications
9.10.1 Maintenance
9.10.2 Individualized Needs
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 Third Party Replacement Strap for Luxury Watch Analysis and Forecast
10.1 Introduction
10.2 Europe Third Party Replacement Strap for Luxury Watch 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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Type
10.6.1 Leatherwear
10.6.2 Metal
10.6.3 Rubber
10.6.4 Textile
10.6.5 Others
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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Applications
10.10.1 Maintenance
10.10.2 Individualized Needs
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 Third Party Replacement Strap for Luxury Watch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Third Party Replacement Strap for Luxury Watch 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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Type
11.6.1 Leatherwear
11.6.2 Metal
11.6.3 Rubber
11.6.4 Textile
11.6.5 Others
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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Applications
11.10.1 Maintenance
11.10.2 Individualized Needs
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 Third Party Replacement Strap for Luxury Watch Analysis and Forecast
12.1 Introduction
12.2 Latin America Third Party Replacement Strap for Luxury Watch 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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Type
12.6.1 Leatherwear
12.6.2 Metal
12.6.3 Rubber
12.6.4 Textile
12.6.5 Others
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 Third Party Replacement Strap for Luxury Watch Market Size Forecast by Applications
12.10.1 Maintenance
12.10.2 Individualized Needs
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) Third Party Replacement Strap for Luxury Watch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Third Party Replacement Strap for Luxury Watch 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) Third Party Replacement Strap for Luxury Watch Market Size Forecast by Type
13.6.1 Leatherwear
13.6.2 Metal
13.6.3 Rubber
13.6.4 Textile
13.6.5 Others
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) Third Party Replacement Strap for Luxury Watch Market Size Forecast by Applications
13.10.1 Maintenance
13.10.2 Individualized Needs
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 Third Party Replacement Strap for Luxury Watch Market: Competitive Dashboard
14.2 Global Third Party Replacement Strap for Luxury Watch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABP Paris
14.3.2 Camille Fournet
14.3.3 Hirsch
14.3.4 Rios1931
14.3.5 Staib Germany
14.3.6 Horus Strap
14.3.7 WOTANCRAFT
14.3.8 Rubber B
14.3.9 Vagenari
14.3.10 Vulcan
