The global Watch Market size was USD 62.11 billion in 2020 and is expected to register a CAGR of 4.0% during the forecast period. The report offers in-depth information about market share, market size, market revenue growth, drivers, restraints, growth opportunities and challenges. The report also provides insights on different segments such as product types, applications, regional bifurcation along with top companies. The report is curated using primary and secondary research which is thoroughly evaluated by experts in the industry and is well-presented using various pictorial presentations such as tables, diagrams, charts and figures.
The global Watch market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period. Robust revenue growth is attributed to factors such as changing lifestyle, improvements in standard of living and rising health conscious populace. Increasing demand for convenience, and going coronavirus pandemic, rising presence for online shopping, and increasing inclination towards veganism and organic and basic food products are fueling global market growth.
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Competitive Landscape:
The research report offers details about leading companies in the global Watch market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market. Some of the leading market players are listed below: Rolex SA, Casio Computer Co., Ltd., Fossil Group, Inc., Citizen Watch Co., Ltd., Titan Company Limited, Apple Inc., Seiko Holdings Corporation, The Swatch Group Ltd., Samsung Electronics Co., Ltd., and Movado.
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Luxury Watches
- Smart Watches
- Fitness Watches
- Others
Operation Outlook (Revenue, USD Billion; 2018-2028)
- Quartz Watches
- Mechanical Watches
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Online
- Multi Brand store
- Hypermarket / Supermarket
Watch Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
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Key Features of the global Watch market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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