Watch Market Size & Growth Analysis Report, 2022-2028

 

The Watch Market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). The major factor expected to drive the market growth is the increase in health awareness among consumers across the globe to monitor health 24/7. In addition, watches are considered a part of fashion accessories and, thus, consumers are shifting from classical watches to luxury brands with innovation and unique design, and the increasing number of the working population is more likely to embrace sports and fitness as a part of recreational activity. These are some factors accelerating the growth of the market. Additionally, by product type, digital watch/smartwatch segment is expected to witness potential growth in the market during the forecast period owing to the increase in health awareness among the consumer coupled with the availability of facilities in these watches such as control music, notifications, walking tracks, heartbeat rates, Spo2, Calling, GPS, and other functions.

Watch Market Segmentation:

By Product Type

• Quartz Watch
• Analog Watch
• Chronograph Watch
• Digital Watch/Smart Watch

By Price Range

• Low Range
• Mid Range
• Luxury

By Distribution Channel

• Offline Retail Stores
• Online Retail Stores

By End-User

• Women
• Men
• Unisex

Competitive Landscape- Apple Inc., Titan Ltd., and Rolex S.A., among others. 

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the Watch market and what is its expected growth rate?
• What are the primary driving factors that push the Watch Market forward?
• What are the Watch Industry’s top companies?
• What are the different categories that the Watch Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Watch Market sample report and company profiles?