Press release
Global Wrist Watch Market Size, Future Trends, Outsourcing, Sales, Status, Manufactures, Key Players: Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Patek Philippe, Casio, Chopard, Seiko, LVMH, Fiyta, Festina, Breitling, Time Watch, and Movado Gro
Modern watches often show day, date, month and year, and electronic watches can have many other functions. Time-related functions, such as timers, chronographs, and alarm functions, are common. Some modern designs incorporate calculators, GPS and Bluetooth technology or have heart rate monitoring capabilities. Some watches use radio technology to correct the weather regularly. Developments during the 2010 decade include smart watches, which are elaborative electronic devices like computers designed to be worn on the wrist. It is predicted that the global wrist watch market will experience an average annual growth rate of about XX% by 2022.
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Drivers and Restraints:
Swiss-made luxury watches are gaining popularity because of their superior quality, improved design and craftsmanship, and technological sophistication. This increase in the demand for luxury watches made in Switzerland explains the impressive growth in the size of the world watch market. In addition, the rapid growth of economies and the increase in disposable income, especially in developing countries, have increased the purchasing power of consumers and largely explain the changing demand for Swiss luxury watches in the developing countries. For example, Piaget's sales increased slightly, even during the economic crisis, due to the growing demand for luxury watches in countries such as India, Russia and China. In addition, increased brand awareness, rising Western influences and the inherent need for exclusivity will fuel the growth of the global wrist watch market over the forecast period.
Geographical insights:
Geographically, Global Wrist Watch Market is segmented into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Asia Pacific region represented the maximum market share in 2016 and will continue to dominate the market in the coming years. The growing number of individuals with high purchasing power (HNWI), the expansion of the segment of the middle class of the population and the greater propensity of consumers to luxury items are the main reasons for this upward trend in the region. In addition, broader product portfolios and the launch of new and innovative products in the region will also boost market growth in the coming years.
Key players in Global Wrist Watch Market:
Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio and Chopard are the major players of the market.
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-wrist-watch-industry-research-report-market-analysis-industry-trends-and-forecast-2017/7112868
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
www.researchcosmos.com
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kevin@researchcosmos.com
+1 888 709 8757
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