Market Overview:
The global watch market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The quartz watch segment is expected to dominate the global watch market in terms of value and volume during the forecast period. The mechanical watch segment is projected to register a higher CAGR as compared to other segments during the forecast period. In terms of application, shopping malls are estimated to account for maximum share in terms of revenue generated by 2030 end, followed by supermarkets and on line sales channels respectively. to rising disposable income and changing lifestyle preferences among consumers across countries such as China.
Product Definition:
watch is a timepiece that tells time. It is usually worn on the wrist.
Quartz Watch:
Quartz watch is a battery-powered mechanical device that was first developed in the early 20th century. It's an electronic timepiece that uses a crystal quartz movement to keep accurate time. The modern-day quartz watches were largely influenced by two major factors, namely, radio and electricity. The radio influence can be clearly seen from the display of the watch which is usually a seconds hand with an audible ticks every second while the other hand shows minutes and hours remaining until expiration.
Mechanical Watch:
Mechanical watch is a wristwatch, which is driven by mechanical means as opposed to quartz watches, which are battery-powered. The main difference between the two is that a mechanical watch must be wound up whereas a quartz watch needs only to be charged once in a while. A mechanical movement also provides more accurate time than most digital displays can show owing to better precision and stability.
Application Insights:
The others application segment dominated the global watch market, accounting for 33.3% share of the total revenue in 2017. The other applications include corporate, hospitality and healthcare sectors among others. The growing corporate sector across various countries is expected to boost product demand in the coming years.
The shopping malls are one of the prominent consumers of watches as they serve as a point of interest for both tourists and locals alike.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few fluctuations due to various factors such as SARS outbreak and economic down turn. Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to rising disposable income, changing consumer preferences and increasing foreign direct investments by companies.
The Middle East & Africa region is projected to grow at a significant rate during the forecast period owing to increasing oil prices and growing population in countries like Saudi Arabia, UAE & Egypt. Countries such as China are investing huge amounts in this sector which will boost demand for mechanical watches over next eight years (2018-2027).
Growth Factors:
- Increasing demand for smart watches from the youth segment
- Proliferation of health and fitness tracking features in watches
- Entry of new players with innovative products and features
- Growing popularity of wearable technology among women consumers
- Increasing demand for luxury watches
Scope Of The Report
Report Attributes
Report Details
Report Title
Watch Market Research Report
By Type
Quartz Watch, Mechanical Watch, Others
By Application
Shopping Mall, Supermarket, Watch Shop, On Line, Others
By Companies
Fossil, LVMH, Richemont, Rolex, The Swatch, Audemars Piguet, Burberry, Breitling, Casio, Chanel, Fossil, Citizen, Dolce & Gabbana, Giorgio Armani, Kate Spade, Kering, Patek Philippe, Timex, Titan, Seiko, Tiffany, Hermes, Ralph Lauren
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Watch Market Report Segments:
The global Watch market is segmented on the basis of:
Types
Quartz Watch, Mechanical Watch, 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
Shopping Mall, Supermarket, Watch Shop, On Line, Others
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:
- Fossil
- LVMH
- Richemont
- Rolex
- The Swatch
- Audemars Piguet
- Burberry
- Breitling
- Casio
- Chanel
- Fossil
- Citizen
- Dolce & Gabbana
- Giorgio Armani
- Kate Spade
- Kering
- Patek Philippe
- Timex
- Titan
- Seiko
- Tiffany
- Hermes
- Ralph Lauren
Highlights of The 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:
- Quartz Watch
- Mechanical Watch
- Others
- By Application:
- Shopping Mall
- Supermarket
- Watch Shop
- On Line
- Others
- 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 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?
Watch is a timepiece that can be worn on the wrist or as an ankle bracelet. It typically has a face with Arabic numerals and indicators for the date, day of the week, and time.
Some of the major players in the watch market are Fossil, LVMH, Richemont, Rolex, The Swatch, Audemars Piguet, Burberry, Breitling, Casio, Chanel, Fossil, Citizen, Dolce & Gabbana, Giorgio Armani, Kate Spade, Kering, Patek Philippe, Timex, Titan, Seiko, Tiffany, Hermes, Ralph Lauren.
The watch market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Watch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Watch Market Size & Forecast, 2020-2028
4.5.1 Watch Market Size and Y-o-Y Growth
4.5.2 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 Quartz Watch
5.2.2 Mechanical Watch
5.2.3 Others
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 Shopping Mall
6.2.2 Supermarket
6.2.3 Watch Shop
6.2.4 On Line
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Quartz Watch
9.6.2 Mechanical Watch
9.6.3 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 Market Size Forecast by Applications
9.10.1 Shopping Mall
9.10.2 Supermarket
9.10.3 Watch Shop
9.10.4 On Line
9.10.5 Others
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 Quartz Watch
10.6.2 Mechanical Watch
10.6.3 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 Market Size Forecast by Applications
10.10.1 Shopping Mall
10.10.2 Supermarket
10.10.3 Watch Shop
10.10.4 On Line
10.10.5 Others
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 Quartz Watch
11.6.2 Mechanical Watch
11.6.3 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 Market Size Forecast by Applications
11.10.1 Shopping Mall
11.10.2 Supermarket
11.10.3 Watch Shop
11.10.4 On Line
11.10.5 Others
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 Quartz Watch
12.6.2 Mechanical Watch
12.6.3 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 Market Size Forecast by Applications
12.10.1 Shopping Mall
12.10.2 Supermarket
12.10.3 Watch Shop
12.10.4 On Line
12.10.5 Others
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 Quartz Watch
13.6.2 Mechanical Watch
13.6.3 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) Market Size Forecast by Applications
13.10.1 Shopping Mall
13.10.2 Supermarket
13.10.3 Watch Shop
13.10.4 On Line
13.10.5 Others
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 Watch Market: Competitive Dashboard
14.2 Global Watch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fossil
14.3.2 LVMH
14.3.3 Richemont
14.3.4 Rolex
14.3.5 The Swatch
14.3.6 Audemars Piguet
14.3.7 Burberry
14.3.8 Breitling
14.3.9 Casio
14.3.10 Chanel
14.3.11 Fossil
14.3.12 Citizen
14.3.13 Dolce & Gabbana
14.3.14 Giorgio Armani
14.3.15 Kate Spade
14.3.16 Kering
14.3.17 Patek Philippe
14.3.18 Timex
14.3.19 Titan
14.3.20 Seiko
14.3.21 Tiffany
14.3.22 Hermes
14.3.23 Ralph Lauren
