The global Watches market size was valued at USD 97.42 Bn in 2023 and Watches market revenue is expected to reach USD 137.35 Bn by 2030, at a CAGR of 5.03% over the forecast period.
Market Overview:
This study aims to provide a comprehensive analysis of the Watches market, examining its components, applications, industries, and geographical aspects. It delves into the primary drivers influencing market growth and offers an in-depth analysis of the market’s value chain.
Market Scope:
The research methodology employed for assessing and predicting the Watches market involves secondary research utilizing revenue data from key suppliers. Market segmentation takes into account vendor offerings, and the overall market size is determined using a bottom-up approach based on the revenue of major enterprises.
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Drivers:
The major factors which drive the growth of the Watches market are improving efficiency and safety in component cleaning operations, as well as developing an eco-friendly cleaning process with biodegradable waste disposal. Moreover, the rising demand for customized Watches systems are also the major benefits that create opportunities for the growth of Watches market in the forecast period.
Segmentation:
by Gender
Men’s Watches
Women’s Watches
Unisex Watches
by Product Type
Analog Watches
Digital Watches
Smartwatches
by Application Fashion Watches
Sports Watches
Dress Watches
Casual Watches
Others
by Price
Range Low-Price Watches (Under $100)
Mid-Range Watches ($100 – $500)
Upper Mid-Range Watches ($500 – $1,000)
High-End Watches ($1,000 – $10,000)
Luxury Watches ($10,000 and above)
by Distribution Channel
Brick-and-Mortar Retail
Online Retail
Direct-to-Consumer
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Key Players:
The major players identified in the Watches market report include:
North America:
1. Rolex (Geneva, Switzerland)
2. Timex Group (Middlebury, Connecticut, USA)
3. Fossil Group (Richardson, Texas, USA)
4. Movado Group (Paramus, New Jersey, USA)
5. Shinola (Detroit, Michigan, USA)
6. Vortic
7. Weiss Watch Company
Europe:
1. Swatch Group (Switzerland)
2. Patek Philippe (Geneva, Switzerland)
3. Aviator pilot watches
4. Tudor (Geneva, Switzerland)
5. Vostok Europe
6. Mondia watches
7. Chanel SA (UK)
8. Jaeger-LeCoultre (Switzerland)
Asia Pacific:
1. Citizen Watch Co. (Tokyo, Japan)
2. Orient Watch (a subsidiary of Seiko) (Tokyo, Japan)
3. Casio (Tokyo, Japan)
4. Titan Company Limited (Bangalore, India)
5. Fossil Group (Richardson, Texas, USA)
6. Sonata
7. Fast Track
8. Piaget
Globally:
1. Apple Inc. (Cupertino, California, USA)
2. Manufacture Royale (Vallorbe, Vaud)
3. Louis Moinet (Switzerland)
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Regional Analysis:
Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are provided individually. Analysts evaluate competitive strengths and conduct a thorough competitive analysis for each player.
COVID-19 Impact Analysis on Watches Market:
Various industries such as aerospace, defense, agriculture, automobiles, retail, e-commerce, energy, healthcare, packaging, mining, electronics, banking, financial services, and insurance have been impacted by the COVID-19 pandemic. The report assesses the general impact of COVID-19 on the Watches market, including its growth rate during 2019-2020. Insights and analysis on risk management and digital transformation strategies are provided to assist businesses navigating through the crisis.
Key Questions Answered in the Report:
Which segment dominated the Watches market?
What was the competitive landscape of the Watches market in 2020?
What are the key drivers fueling the growth of the Watches market?
Which region held the largest share in the Watches market in 2020?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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