Market Overview:
The global sport watches market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to various factors such as an increase in disposable income, technological advancements, and rising awareness about health and fitness. The global sport watches market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into digital sport watches, analog sport watches, and analog-digital sport watches. Digital sports watches are further sub-segmented into smartwatches and traditional digital sports watches. Analog sports watch are further sub-segmented into quartz movement watch and mechanical movement watch while analog-digital sports watch are further sub-segmented into hybrid smartwatch/analog watch with digital display & features). On the basis of application, running dominates the global demand for Sport Watches followed by fishing which holds second place worldwide owing to its popularity as a recreational activity across different geographies; diving comes third due to increasing popularity among adventure enthusiasts; skiing ranks fourth due lack of winter seasons in some regions; cycling/biking ranks fifth owing growing concerns for fitness globally; climbing takes sixth spot because it offers great physical challenges along with stunning landscapes around world which attract climbers from all walks life whereas gym activities come seventh due growing trend among people for staying fit round year .
Product Definition:
A Sport Watch is a watch that is typically worn when participating in physical activity. They are designed to be lightweight and often have features that make them more durable than other types of watches. Sport watches can include features such as timers, stopwatches, compasses, and altimeters.
Digital:
The digital segment is growing at a rapid rate and it's expected to grow more in the coming years. The main factor that is driving this growth is the increasing demand for smartwatches. Smartwatches are electronic devices that are used as a wristwatch with advanced features like an altimeter, stopwatch, and timer among others. These features help in keeping track of heart rate, distance covered, calories burned among other activities which helps athletes monitor their performance closely thereby improving their game play.
Analog:
Analog is a term used for measuring the performance of an equipment or system. It is also used to represent the first-generation technology in mobile phones, computers, and wrist-worn devices. In this technology, there are no digital signals; instead it uses continuous variable resistors and capacitors to approximate values of one or more variables as per need.
Application Insights:
The other sports segment dominated the global sport watches market in 2017, accounting for a share of over 30.0% in terms of revenue. Other sports include tennis, golf, basketball, skiing and snowboarding, skateboarding and surfing as well as fitness activities such as aerobics and yoga. The rising popularity of these fitness activities is expected to drive the demand for sport watches over the forecast period.
The running application segment accounted for a significant share in 2017 owing to increasing participation levels across all age groups globally. Moreover, technological advancements have made it easier for athletes to perform various tasks while training or competing including tracking heart rate zones during workouts or races with the use of advanced features provided by smartwatches equipped with GPS technology.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, high product demand, and rising health consciousness among consumers. Moreover, technological advancements such as GPS systems integrated into watches are anticipated to drive regional growth further.
Asia Pacific is expected to witness significant growth during the forecast period owing to rising disposable income and growing popularity of outdoor sports activities in countries such as China and India. Furthermore, increasing penetration of smart devices coupled with internet connectivity enables users with sporting occasions or interests outside their native countries thus creating a greater potential for market expansion across this region over the next eight years (2030).
Middle East & Africa (MEA) has also witnessed an increase in participation rates across various sports events including Rio 2016 Summer Olympics since 2012 Olympic cycle which was around 89%.
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of 33.4% from 2016 to 2020, reaching 3.8 billion by 2020. This growth is driven by the increasing demand for fitness and health tracking devices, smart watches, and fashion accessories.
- Rising awareness about the health benefits of physical activity: There has been a growing awareness among people about the importance of leading a healthy lifestyle and staying physically active. This has led to an increase in the demand for fitness-tracking devices and sport watches that can help people track their physical activity levels and performance.
- Growing popularity of outdoor activities: There has been a growing trend among people towards participating in outdoor activities such as running, hiking, cycling, etc., which requires specialized equipment such as sport watches that can provide accurate information about time, distance traveled, heart rate monitoring etc., while being used outdoors under harsh weather conditions or terrain conditions .
Scope Of The Report
Report Attributes
Report Details
Report Title
Sport Watches Market Research Report
By Type
Digital, Analog, Analog-Digital
By Application
Running, Fishing, Diving, Skiing, Cycling/biking, Climbing, Gym, Other sports
By Companies
Casio, Timex, Citizen, Victorinox, G-Shock, Seiko, Fossil, Luminox, Movado, Nixon, TAG Heuer, Tissot, Tommy Hilfiger, Invicta, Armitron, Bulova, Nautica, Readeel, U.S. Polo Assn., Fanmis, Parnis, Suunto, Freestyle, SKMEI, SOLEUS RUNNING
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 Sport Watches Market Report Segments:
The global Sport Watches market is segmented on the basis of:
Types
Digital, Analog, Analog-Digital
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
Running, Fishing, Diving, Skiing, Cycling/biking, Climbing, Gym, Other sports
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
- Timex
- Citizen
- Victorinox
- G-Shock
- Seiko
- Fossil
- Luminox
- Movado
- Nixon
- TAG Heuer
- Tissot
- Tommy Hilfiger
- Invicta
- Armitron
- Bulova
- Nautica
- Readeel
- U.S. Polo Assn.
- Fanmis
- Parnis
- Suunto
- Freestyle
- SKMEI
- SOLEUS RUNNING
Highlights of The Sport 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
- Analog
- Analog-Digital
- By Application:
- Running
- Fishing
- Diving
- Skiing
- Cycling/biking
- Climbing
- Gym
- Other sports
- 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 Sport 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?
Sport Watches are watches that are designed to be worn while participating in physical activity. They typically have a variety of features, including altimeters, barometers, heart rate monitors and GPS systems.
Some of the key players operating in the sport watches market are Casio, Timex, Citizen, Victorinox, G-Shock, Seiko, Fossil, Luminox, Movado, Nixon, TAG Heuer, Tissot, Tommy Hilfiger, Invicta, Armitron, Bulova, Nautica, Readeel, U.S. Polo Assn., Fanmis, Parnis, Suunto, Freestyle, SKMEI, SOLEUS RUNNING.
The sport watches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sport 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. Sport Watches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sport Watches Market - Supply Chain
4.5. Global Sport Watches Market Forecast
4.5.1. Sport Watches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sport Watches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sport Watches Market Absolute $ Opportunity
5. Global Sport 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. Sport Watches Market Size and Volume Forecast by Type
5.3.1. Digital
5.3.2. Analog
5.3.3. Analog-Digital
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sport 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. Sport Watches Market Size and Volume Forecast by Application
6.3.1. Running
6.3.2. Fishing
6.3.3. Diving
6.3.4. Skiing
6.3.5. Cycling/biking
6.3.6. Climbing
6.3.7. Gym
6.3.8. Other sports
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sport 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. Sport 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 Sport 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. Sport 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 Sport Watches Demand Share Forecast, 2019-2026
9. North America Sport 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 Sport 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 Sport Watches Market Size and Volume Forecast by Application
9.4.1. Running
9.4.2. Fishing
9.4.3. Diving
9.4.4. Skiing
9.4.5. Cycling/biking
9.4.6. Climbing
9.4.7. Gym
9.4.8. Other sports
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sport Watches Market Size and Volume Forecast by Type
9.7.1. Digital
9.7.2. Analog
9.7.3. Analog-Digital
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 Sport Watches Demand Share Forecast, 2019-2026
10. Latin America Sport 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 Sport 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 Sport Watches Market Size and Volume Forecast by Application
10.4.1. Running
10.4.2. Fishing
10.4.3. Diving
10.4.4. Skiing
10.4.5. Cycling/biking
10.4.6. Climbing
10.4.7. Gym
10.4.8. Other sports
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sport Watches Market Size and Volume Forecast by Type
10.7.1. Digital
10.7.2. Analog
10.7.3. Analog-Digital
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 Sport Watches Demand Share Forecast, 2019-2026
11. Europe Sport 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 Sport 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 Sport Watches Market Size and Volume Forecast by Application
11.4.1. Running
11.4.2. Fishing
11.4.3. Diving
11.4.4. Skiing
11.4.5. Cycling/biking
11.4.6. Climbing
11.4.7. Gym
11.4.8. Other sports
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sport Watches Market Size and Volume Forecast by Type
11.7.1. Digital
11.7.2. Analog
11.7.3. Analog-Digital
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 Sport Watches Demand Share, 2019-2026
12. Asia Pacific Sport 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 Sport 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 Sport Watches Market Size and Volume Forecast by Application
12.4.1. Running
12.4.2. Fishing
12.4.3. Diving
12.4.4. Skiing
12.4.5. Cycling/biking
12.4.6. Climbing
12.4.7. Gym
12.4.8. Other sports
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sport Watches Market Size and Volume Forecast by Type
12.7.1. Digital
12.7.2. Analog
12.7.3. Analog-Digital
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 Sport Watches Demand Share, 2019-2026
13. Middle East & Africa Sport 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 Sport 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 Sport Watches Market Size and Volume Forecast by Application
13.4.1. Running
13.4.2. Fishing
13.4.3. Diving
13.4.4. Skiing
13.4.5. Cycling/biking
13.4.6. Climbing
13.4.7. Gym
13.4.8. Other sports
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sport Watches Market Size and Volume Forecast by Type
13.7.1. Digital
13.7.2. Analog
13.7.3. Analog-Digital
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 Sport Watches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sport Watches Market: Market Share Analysis
14.2. Sport Watches Distributors and Customers
14.3. Sport Watches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Casio
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Timex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Citizen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Victorinox
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. G-Shock
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Seiko
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fossil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Luminox
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Movado
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nixon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TAG Heuer
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tissot
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tommy Hilfiger
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Invicta
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Armitron
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Bulova
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nautica
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Readeel
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. U.S. Polo Assn.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Fanmis
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook