Market Overview:
The global mechanical watches 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, rising disposable income of consumers, and technological advancements in the watch industry. Based on type, the global mechanical watches market is segmented into stainless steel mechanical watches, leather mechanical watches, metal mechanical watches, titanium mechanical watches, rubber mechanical Watches and plastic Mechanical Watches. Stainless steel Mechanical Watches are expected to dominate the market throughout the forecast period owing to their durability and low maintenance cost as compared to other types of Mechanical Watches. Based on application, Men segment is anticipated to hold a larger share in terms of value in 2018 followed by Women segment over the forecast period. North America accounted for majority share in terms of revenue in 2017 and is projected grow at a significant rate during 2018-2030 owing to high disposable income coupled with presence major players such as Rolex SA (Switzerland), Citizen Watch Co., Ltd.(Japan) and Seiko Holdings Corporation (Japan).
Product Definition:
A mechanical watch is a watch that uses a mechanism to measure time, as opposed to an electronic clock. Mechanical watches usually use a balance wheel and hairspring (or some other form of oscillator) to control the rate at which the watch runs, and are powered by a mainspring. They are often considered more accurate than quartz watches, though they can be more expensive and require more maintenance.
Stainless Steel Mechanical Watches:
Stainless steel mechanical watches are made of high quality materials and have precise quartz movements. The main factor that differentiates stainless steel mechanical from regular watches is the material used for the caseback. Most companies use titanium or aluminum for the back casing as it is lighter than stainless steel, but I believe that a good quality watch should not be dependent on its weight and thus I prefer using stainless steel as it is more substantial.
Leather Mechanical Watches:
Leather mechanical watches are made of real leather and have a steel or alloy casing. The internal mechanism is also made of metal, but it's covered by leather. Mechanical watches were the first type to be produced in large quantities, especially after the invention of the quartz crystal that reduced battery consumption for wristwatches considerably.
The main driver for this market is increasing disposable income among middle-class families globally due to growing industrialization.
Application Insights:
Men application segment dominated the global mechanical watches market, accounting for more than 55% of the total revenue in 2017. The rising preference for leather and metal wristbands among men is boosting their demand in this segment. In addition, increasing number of male millennials having a job is driving their demand further.
The women application segment was valued over USD 200 million in 2017 and is expected to witness significant growth over the forecast period owing to growing trend of wearing mechanical watches by female millennials especially those working at offices or places where timekeeping matters matter most such as aviation industry or medical field. These are considered as an essential tool for these industries due to precision required while handling hazardous situations or emergencies that may arise at any given moment. This has led several companies including Fossil Group Inc., Casio America Corporation, Tissot SA, Timex Group plc., Bulova LLC., Seiko Epson Corporation., Citizen Corp.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, most notably China, who export their products to countries across the globe. Asia Pacific is also home to several luxury brands that cater primarily to an upscale consumer base in developed economies such as Japan and Australia. These luxury brands invest heavily in research & development activities for creating innovative timepieces that are both aesthetically pleasing as well as functional.
The Middle East & Africa (MEA) region is anticipated to grow at a significant rate over the forecast period owing to increasing disposable income levels coupled with growing popularity of mechanical watches among high-class consumers from developed economies such as Germany, France and U.K.
Growth Factors:
- Increasing demand from the luxury segment: The global mechanical watches market is witnessing a shift in demand from the entry-level to the luxury segment. This is mainly due to the increasing disposable income of consumers in developing countries and their growing preference for high-end products.
- Rising popularity of vintage watches: Vintage watches are becoming increasingly popular among watch collectors and enthusiasts owing to their unique design, history, and craftsmanship. This is driving growth in the global mechanical watches market.
- Growing demand for customized watches: Consumers are increasingly demanding customized mechanical watches that reflect their personal style and preferences. This is providing opportunities for players in the global mechanical watches market to expand their product offerings and cater to a wider customer base.
- . Technological advancements: Rapid advancements in technology are enabling manufacturers to develop innovative new models of mechanical watches that offer enhanced features and functionality. This is fuelling growth in the global mechanical watch market .5) Emerging markets offer potential growth opportunities: The global Mechanical Watches market offers significant potential for growth across emerging markets such as China, India, Brazil, Mexico, etc., owing to rising disposable incomes and burgeoning consumer segments with a penchant for luxury goods
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Watches Market Research Report
By Type
Stainless Steel Mechanical Watches, Leather Mechanical Watches, Metal Mechanical Watches, Titanium Mechanical Watches, Rubber Mechanical Watches, Plastic Mechanical Watches, Others
By Application
Men, Women
By Companies
Invicta Watch, Seiko Watches, Fossil, Kairos Watches, Gevril Group, Stuhrling Original, American Coin Treasures, Charles Hubert, Akribos XXIV, Adee Kaye Beverly Hills, Bulova, Oris, Hamilton, Rougois, Tissot, Zeon America, IWC, Luch, Pobeda, Poljot, Raketa, Vostok, Rolex, Tag Heuer, Movado, Audemars Piguet, Baume & Mercier, Blancpain, Breguet
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Watches Market Report Segments:
The global Mechanical Watches market is segmented on the basis of:
Types
Stainless Steel Mechanical Watches, Leather Mechanical Watches, Metal Mechanical Watches, Titanium Mechanical Watches, Rubber Mechanical Watches, Plastic Mechanical Watches, 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
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:
- Invicta Watch
- Seiko Watches
- Fossil
- Kairos Watches
- Gevril Group
- Stuhrling Original
- American Coin Treasures
- Charles Hubert
- Akribos XXIV
- Adee Kaye Beverly Hills
- Bulova
- Oris
- Hamilton
- Rougois
- Tissot
- Zeon America
- IWC
- Luch
- Pobeda
- Poljot
- Raketa
- Vostok
- Rolex
- Tag Heuer
- Movado
- Audemars Piguet
- Baume & Mercier
- Blancpain
- Breguet
Highlights of The Mechanical 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:
- Stainless Steel Mechanical Watches
- Leather Mechanical Watches
- Metal Mechanical Watches
- Titanium Mechanical Watches
- Rubber Mechanical Watches
- Plastic Mechanical Watches
- Others
- 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 Mechanical 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?
Mechanical watches are watches that use a mechanical movement. Mechanical movements are powered by the motion of the watch's wearer's arm or hand.
Some of the major companies in the mechanical watches market are Invicta Watch, Seiko Watches, Fossil, Kairos Watches, Gevril Group, Stuhrling Original, American Coin Treasures, Charles Hubert, Akribos XXIV, Adee Kaye Beverly Hills, Bulova, Oris, Hamilton, Rougois, Tissot, Zeon America, IWC, Luch, Pobeda, Poljot, Raketa, Vostok, Rolex, Tag Heuer, Movado, Audemars Piguet, Baume & Mercier, Blancpain, Breguet.
The mechanical watches market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical Watches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mechanical Watches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Watches Market - Supply Chain
4.5. Global Mechanical Watches Market Forecast
4.5.1. Mechanical Watches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Watches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Watches Market Absolute $ Opportunity
5. Global Mechanical Watches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mechanical Watches Market Size and Volume Forecast by Type
5.3.1. Stainless Steel Mechanical Watches
5.3.2. Leather Mechanical Watches
5.3.3. Metal Mechanical Watches
5.3.4. Titanium Mechanical Watches
5.3.5. Rubber Mechanical Watches
5.3.6. Plastic Mechanical Watches
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical Watches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mechanical Watches Market Size and Volume Forecast by Application
6.3.1. Men
6.3.2. Women
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical Watches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mechanical Watches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mechanical Watches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mechanical Watches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mechanical Watches Demand Share Forecast, 2019-2026
9. North America Mechanical Watches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mechanical Watches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mechanical Watches Market Size and Volume Forecast by Application
9.4.1. Men
9.4.2. Women
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mechanical Watches Market Size and Volume Forecast by Type
9.7.1. Stainless Steel Mechanical Watches
9.7.2. Leather Mechanical Watches
9.7.3. Metal Mechanical Watches
9.7.4. Titanium Mechanical Watches
9.7.5. Rubber Mechanical Watches
9.7.6. Plastic Mechanical Watches
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mechanical Watches Demand Share Forecast, 2019-2026
10. Latin America Mechanical Watches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mechanical Watches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mechanical Watches Market Size and Volume Forecast by Application
10.4.1. Men
10.4.2. Women
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mechanical Watches Market Size and Volume Forecast by Type
10.7.1. Stainless Steel Mechanical Watches
10.7.2. Leather Mechanical Watches
10.7.3. Metal Mechanical Watches
10.7.4. Titanium Mechanical Watches
10.7.5. Rubber Mechanical Watches
10.7.6. Plastic Mechanical Watches
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mechanical Watches Demand Share Forecast, 2019-2026
11. Europe Mechanical Watches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mechanical Watches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mechanical Watches Market Size and Volume Forecast by Application
11.4.1. Men
11.4.2. Women
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mechanical Watches Market Size and Volume Forecast by Type
11.7.1. Stainless Steel Mechanical Watches
11.7.2. Leather Mechanical Watches
11.7.3. Metal Mechanical Watches
11.7.4. Titanium Mechanical Watches
11.7.5. Rubber Mechanical Watches
11.7.6. Plastic Mechanical Watches
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mechanical Watches Demand Share, 2019-2026
12. Asia Pacific Mechanical Watches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mechanical Watches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mechanical Watches Market Size and Volume Forecast by Application
12.4.1. Men
12.4.2. Women
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mechanical Watches Market Size and Volume Forecast by Type
12.7.1. Stainless Steel Mechanical Watches
12.7.2. Leather Mechanical Watches
12.7.3. Metal Mechanical Watches
12.7.4. Titanium Mechanical Watches
12.7.5. Rubber Mechanical Watches
12.7.6. Plastic Mechanical Watches
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mechanical Watches Demand Share, 2019-2026
13. Middle East & Africa Mechanical Watches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mechanical Watches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mechanical Watches Market Size and Volume Forecast by Application
13.4.1. Men
13.4.2. Women
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mechanical Watches Market Size and Volume Forecast by Type
13.7.1. Stainless Steel Mechanical Watches
13.7.2. Leather Mechanical Watches
13.7.3. Metal Mechanical Watches
13.7.4. Titanium Mechanical Watches
13.7.5. Rubber Mechanical Watches
13.7.6. Plastic Mechanical Watches
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mechanical Watches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Watches Market: Market Share Analysis
14.2. Mechanical Watches Distributors and Customers
14.3. Mechanical Watches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Invicta Watch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Seiko Watches
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fossil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kairos Watches
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gevril Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stuhrling Original
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. American Coin Treasures
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Charles Hubert
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Akribos XXIV
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Adee Kaye Beverly Hills
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bulova
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Oris
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hamilton
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rougois
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tissot
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zeon America
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. IWC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Luch
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Pobeda
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Poljot
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
