Wrist Watch Market Increasing Demand by key players Casio, Citizen Watches, Fossil

The latest 98+ page survey report on Wrist Watch Market is released by HTF MI covering various players of the industry selected from global geographies like North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy) & Other Country (Middle East, Africa, GCC). A perfect mix of quantitative & qualitative Market information highlighting developments, industry challenges that competitors are facing along with gaps and opportunity available and would trend in Wrist Watch market. The study bridges the historical data from 2015 to 2019 and estimated till 2026*. Some are the key & emerging players that are part of coverage and were profiled in current version are Timex Group India Limited, Titan Company Limited, Casio India Co. Private Limited, Citizen Watches (India) Private Limited, Fossil India Private Limited, PA Time Industries (Maxima Watches), Rolex Watch Company Private Limited, Swatch Group (India) Private Limited.

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Over the last decade, wrist watches have gained much popularity as a fashion accessory than a device for telling time. This recognition can be attributed to the high brand consciousness among millennial consumers, celebrity endorsement and aggressive marketing strategies adopted by fashion brands. Delhi, Mumbai and Bengaluru are the leading markets for wrist watches in India, in terms of sales volume.

Market insights

The wrist watch segment accounts for around 80% of the Indian timepiece market. The wrist watch market in India was valued at INR 94.55 Bn in 2018, and is expected to reach INR 192.74 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~13.21%, during the forecast period (2019-2024). In the past few years, smartwatches and premium watches have witnessed a significant growth in demand and popularity. These two are the main components which have attributed to the rapid growth of the wrist watch market. Slashed goods and services tax (GST) rates on luxury watches and increasing fashion consciousness among consumers have further accelerated the market growth. Moreover, with the progressing retail landscape and increase in Internet retailing, the sale of wrist watches is anticipated to experience a swift increase in the Indian market. However, the presence of counterfeit products is a major challenge for the market. The developing market for fitness bands and activity trackers as substitutes for smartwatches, also impedes the growth of the wrist watch market.

Market segment analysis

Based on the price range of products, the wrist watch market in India is segmented into mass price, economy price and premium price segments. In India, the mass price segment is operated mostly by the unorganized sector. The customer-base of the economy price segment is the highest and comprises mainly the millennial and working demography of the country. The revenue generated from the sale of products in the economy price segment accounted for ~37.95% of the overall market revenue in 2018. The demand for premium branded watches is predicted to expand at a rapid growth rate of ~13.75% during this period, owing to the increase in average disposable income, steady expansion of retail network by international fashion brands in tier II and tier III cities and increase in fashion consciousness among people.

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Analyst at HTF MI have classified and compiled the research data from both perspective (Qualitative and Quantitative)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution

• % Market Share, Segment Revenue, Swot Analysis for each profiled company [North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy) & Other Country (Middle East, Africa, GCC)]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

Important Features that are under offering & key highlights of the Wrist Watch market report:

1) What are the companies profiled in basic version of report? Is it possible to customize list
Players that are currently profiled in the the study are " Timex Group India Limited, Titan Company Limited, Casio India Co. Private Limited, Citizen Watches (India) Private Limited, Fossil India Private Limited, PA Time Industries (Maxima Watches), Rolex Watch Company Private Limited, Swatch Group (India) Private Limited ". Yes list can also be customized, a maximum of 5-6 players can be swapped with the list of your target competition.

** List of players mentioned may vary in the final report subject to Name Change / M&A activity in recent year. Final confirmation about the players would be provided by research team depending upon the difficulty of survey.

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2) What all regions or countries covered? Can we have list of country of my choice?
Currently, basic version research report is focusing on regions such as North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy) & Other Country (Middle East, Africa, GCC). List of countries can be customized as per your interest and final confirmation would be dependent upon feasibility test and data availability in research repository.

3) How can we include Segmentation / Market breakdown of Business Interest? Is it possible to get information on Market Makers
Yes, inclusion of additional segments is very much possible subject to data availability and difficulty of survey. At times our client request for market makers information that can be covered on special request after considering requirement with Analyst group of HTF MI.

** Depending upon the requirement the deliverable time and quote will vary.

To comprehend Wrist Watch market sizing in the world, the Wrist Watch market is analyzed across major global regions. HTF MI also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Israel, Saudi Arabia, United Arab Emirates, Turkey, North African Countries and South Africa.
• Europe: UK, France, Italy, Germany, NORDIC Countries, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Malaysia, Singapore, Indonesia, Singapore, and Australia.

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Actual Numbers & In-Depth Risk & Return Analysis of Wrist Watch Market with opportunities Available in final Report.

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