Global Watches and Clocks Market Report 2024

Spread the love

The Watches and Clocks Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Watches and Clocks Market:

https://www.thebusinessresearchcompany.com/report/watches-and-clocks-global-market-report

According to The Business Research Company’s Watches and Clocks Global Market Report 2024, The watches and clocks market size has grown strongly in recent years. It will grow from $53.11 billion in 2023 to $56.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The  growth in the historic period can be attributed to luxury brand recognition, status symbol and gift culture, craftsmanship and artistry, globalization and market access..

The watches and clocks market size is expected to see steady growth in the next few years. It will grow to $67.87 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to customization and personalization trends, sustainability and ethical practices, e-commerce and digital retail expansion, smartwatch integration, cultural and regional influences.. Major trends in the forecast period include fashion-technology collaborations, global economic factors, changing demographics, innovative marketing strategies, supply chain challenges..

Propelling infrastructure development is significantly contributing to the growth of the watches and clocks market going forward. Infrastructure refers to the underlying physical structures of an organization, area, or country which frequently involves the creation of public goods or manufacturing methods. Clocks are used in commercial spaces and offices to keep time and manage work. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the propelling infrastructure development will drive the watches and clocks market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=10825&type=smp

The watches and clocks market covered in this report is segmented –

1) By Type: Sport Watches, Luxury Watches, Diamond Watches, Alarm Clock, Wall Clock

2) By Distribution Channel: Offline, Online

3) By Application: Display Time, Adornment, Collection, Other Applications

Product innovation is the key trend gaining popularity in the watches and clocks market. Major companies operating in the watches and clocks market are focusing on developing innovative products to sustain their position in the market. For instance, in July 2022, ADVA, a Germany-based telecommunications company, launched Oscilloquartz high-performance optical cesium atomic clock. The coreSync OSA 3300-HP is the newest innovation in PNT from ADVA in terms of assured positioning, navigation, and timing (PNT). The OSA 3300-HP sets new standards for accuracy and availability as a high-performance optical cesium clock. It offers the resilience needed for PNT assurance in critical infrastructure and empowers service providers to offer unique service-level-agreement timing offerings with integrated GNSS backup. Atomic clocks combine great precision with exceptional availability to provide synchronization backup for networks that rely on GNSS-based timing.

The watches and clocks market report table of contents includes:

 

  1. Executive Summary
  2. Watches and Clocks Market Characteristics
  3. Watches and Clocks Market Trends And Strategies
  4. Watches and Clocks Market – Macro Economic Scenario
  5. Global Watches and Clocks Market Size and Growth

.

.

.

  1. Global Watches and Clocks Market Competitive Benchmarking
  2. Global Watches and Clocks Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Watches and Clocks Market
  4. Watches and Clocks Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • Apple Inc
  • Audemars Piguet Holding SA
  • Breitling SA
  • Casio Computer Co. Ltd
  • Chelsea Clock Company

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model  


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →