Global Watch Market Report to 2027 – Growing Adoption of High-End Accessories as Status Symbol Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Watch Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global watch market reached a value of US$66.76 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$93.85 billion. by 2027, posting a CAGR of 5.84% in 2021-2027.

Companies cited

  • Apple Inc.

  • Casio Computer Co.Ltd.

  • Citizen Watch Co.Ltd.

  • Fossil Group Inc.

  • LG Electronics Inc.

  • Movado Group Inc.

  • Rolex S.A.

  • Samsung Electronics Co.Ltd.

  • Seiko Holdings Corporation

  • The Swatch Group Ltd.

  • Titan Company Limited

  • Xiaomi Corporation

Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

A watch is a wearable timepiece that consists of a crown, case, dial, bracelet, crystal, lugs and hands and is worn around the wrist or in a pocket. It can also be made from precious metals, such as gold, silver, and platinum, and adorned with jewels like rubies and diamonds. Currently, improving living standards and increasing disposable incomes are driving the demand for exclusive timepieces that add a sophisticated and elegant touch to an individual’s style and personality.

The emerging trend of fast fashion, along with the growing adoption of high-end accessories as a status symbol, represents one of the major factors contributing to the demand for handcrafted luxury watches around the world. Apart from this, the increasing adoption of smart and connected devices coupled with growing internet penetration and increasing reliance on smartphones is positively influencing the sales of smartwatches.

As these watches provide relevant information on overall health and track the nutritional intake of individuals, the rising prevalence of chronic and lifestyle-related diseases is driving the growth of the market.

Additionally, due to the increasing complexity of aircraft, luxury pilot watches are gaining popularity with aviation professionals and airline pilots to aid in in-flight aeronautical calculations, such as angle wind correction and fuel consumption.

Additionally, market players are introducing touch sensitive watches that visually impaired people can use to perceive the time accurately. Additionally, they offer bespoke variants in luxury boxes through online retail channels. This, in conjunction with the booming e-commerce industry, is expected to increase watch sales and bolster market growth in the coming years.

Answers to key questions in this report:

  • How has the global watch market behaved so far and how will it behave in the years to come?

  • What has been the impact of COVID-19 on the global watch market?

  • What are the main regional markets?

  • What is the market breakdown by type?

  • What is the market breakdown by price range?

  • What is the market breakdown by distribution channel?

  • What is the market breakdown by end user?

  • What are the different stages of the industry value chain?

  • What are the key drivers and challenges in the industry?

  • What is the structure of the global watch market and who are the main players?

  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global watch market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Type

6.1 Quartz

6.1.1 Market trends

6.1.2 Market Forecast

6.2 Mechanical

6.2.1 Market trends

6.2.2 Market Forecast

7 Market Breakdown by Price Range

7.1 Low Range

7.1.1 Market trends

7.1.2 Market Forecast

7.2 Mid-range

7.2.1 Market trends

7.2.2 Market Forecast

7.3 Luxury

7.3.1 Market trends

7.3.2 Market Forecast

8 Market Breakdown by Distribution Channel

8.1 Online retail stores

8.1.1 Market trends

8.1.2 Market Forecast

8.2 Offline Retail Stores

8.2.1 Market trends

8.2.2 Market Forecast

9 Market Breakdown by End User

9.1 Men

9.1.1 Market trends

9.1.2 Market Forecast

9.2 Women

9.2.1 Market trends

9.2.2 Market Forecast

9.3 Unisex

9.3.1 Market trends

9.3.2 Market Forecast

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive Landscape

15.1 Market structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report, visit https://www.researchandmarkets.com/r/w3eq8s

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About Cecil D. Ramirez

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