Global Watch Market Report 2021: Product Type (Digital Watches, Analog Watches, Fitness Watches), Distribution Channel Type (Offline, Online), and End User (Male, Female, Unisex) – ResearchAndMarkets. com

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DUBLIN – (COMMERCIAL THREAD)–The “Global watch market, by product type (digital watches, analog watches, fitness watches), by type of distribution channel (offline, online), by end user (male, female, unisex), by region , competition, forecast and opportunities, 2027 “ report was added to ResearchAndMarkets.com offer.

The global watch market was worth $ 58.28 billion in 2020 and is expected to grow at a double-digit CAGR of over 12% during the forecast period.

The global watch market is driven by increasing disposable income, especially in developing countries, and increasing consumer awareness of healthy and fit lifestyles, thus giving the industry a boost. clothes after COVID-19.

Many smartwatches include attributes which have been useful for sports fans as well as a healthy lifestyle orientation of people which will help the global watch market to grow during the forecast period.

The global watch market is segmented into product type, distribution channel, end user, company, and region. Regarding the product type, the analog watch has dominated the global watch market and is expected to maintain its lead during the projected period, depending on the availability of products with new styles and the presence of several companies. in this segment.

With the emphasis on a healthy and fit lifestyle, the demand for fitness watches is expected to grow at a faster rate over the predicted years. However, analog watches are still preferred by consumers during wedding season and with formal attire at business meetings. It is also seen that there would be a higher demand for unisex watches, with new launches of watches that can be worn by both men and women.

Regionally, the watch market has been segmented into regions such as Asia Pacific, North America, South America, Europe, Middle East and Africa. Among these regions, North America is the first market followed by Europe and Asia-Pacific. Asia-Pacific is the fastest growing market due to increasing disposable income, especially in developing countries with increasing numbers of labor force.

The major players operating in the global watch market are Apple Inc., The Swatch Group Ltd, Casio Computer Co. Ltd, Citizen Watch Co. Ltd, Fossil Group Inc., Titan company Limited, Seiko Holdings Corp., Samsung Electronics Co ., Ltd., Timex Group USA, Inc., Movado Group Inc. and others. Large companies focus on product development and launching new products with advanced features to stay competitive in the market.

For example, Samsung recently released the Samsung Galaxy Watch 3, which can monitor blood pressure, blood oxygen saturation, and heart rate in addition to several other measurements. He could also take an ECG reading. Apple also launched the Apple Watch Series 6 with almost similar functionality. Mergers and acquisitions and the development of new services are among the competitive strategies adopted by companies in the global watch market.

The study is useful in providing answers to several critical questions that are important to industry players such as manufacturers, suppliers and partners, end users, etc., in addition to enabling them to develop investment strategies and capitalize on market opportunities.

Years considered for this report:

  • Historical years: 2016-2019

  • Baseline year: 2020

  • Estimated year: 2021

  • Forecast period: 2022-2026

Key target audience:

  • Watch manufacturers, suppliers, distributors and other stakeholders

  • Government agencies such as regulators and policy makers

  • Market studies and consulting firms

  • Organizations, forums and alliances related to watch manufacturers

Scope of the report:

Global Watch Market, By Product Type:

  • Digital watch

  • Analogue watch

  • Fitness watch

Global watch market, by distribution channel:

Global Watch Market, By End Users:

Global Watch Market, By Company:

  • Apple Inc.

  • The Swatch Group SA

  • Casio Computer Co., Ltd

  • Citizen Watch Co. Ltd.

  • Fossil Group Inc.

  • Titan Company Limited

  • Seiko Holdings Corp.

  • Samsung Electronics Co., Ltd

  • Timex Group USA, Inc

  • Movado Group Inc

Global Watch Market, By Region:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Asia Pacific

  • India

  • China

  • Japan

  • South Korea

  • Indonesia

  • South America

  • Brazil

  • Argentina

  • Colombia

  • Middle East and Africa

  • South Africa

  • Saudi Arabia

  • United Arab Emirates

  • Iran

For more information on this report, visit https://www.researchandmarkets.com/r/vbze4o


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