Watch Market Size, Share, Trends, Analysis and Forecasts To 2021

Market Research analysts forecast the global watch market to grow at a CAGR of 7.87% during the period 2017-2021.

The the following companies as the key players in the global watch market: Fossil Group, LVMH, Richemont, Rolex, and The Swatch Group.
Other Prominent Vendors in the market are: Audemars Piguet, Burberry, Breitling, Casio, Chanel, Chopard, Citizen, Dolce & Gabbana, Giorgio Armani, Kate Spade, Kering, Patek Philippe, Timex, Titan, Seiko, Tiffany, Hermès, and Ralph Lauren.

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Commenting on the report, an analyst from Report’s team said: “The latest trend gaining momentum in the market is growing demand for sports watches. Increased adoption of a healthy lifestyle and participation in sporting activities have propelled the demand for sports watches. These watches are ideal for use during running, biking, hiking, and other outdoor activities. The built-in GPS allows the person to track distance, pace, calories burnt, and time. In addition to sports performance, these sports watches keep track of altitude, barometric pressure, and ambient temperature. The leading brands in sports watches are Casio, Garmin, Nike, Polar, Seiko, and Suunto.

According to the report, one of the major drivers for this market is internet retailing growth beneficial to watch market. The increased penetration of the internet and its access through personal computers, smartphones, and tablets have led to the growth in the popularity of online platforms as a potent option for buying products across categories, including watches. Time-strapped consumers today seek the convenience of all-day access and easy price and feature comparison that online shopping offers.

Further, the report states that one of the major factors hindering the growth of this market is counterfeit products. The global watch market continues to be affected by counterfeit products. With the growth of online retailing, replica watches have become easily available. These counterfeit watches have a significant impact on the genuine watch manufacturers as counterfeit watches make it difficult for original brands to build trust among consumers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Watch

The global watch market is categorized into quartz and mechanical. Mechanical watches can be further classified into automatic and hand wound, while quartz watches are classified into analog and digital. It has huge market potential due to increasing technological design innovations. Moreover, the current positioning of this product enables users to make a style statement.

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Covered in this report

The report covers the present scenario and the growth prospects of the global watch market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of watches to individual consumers.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Watch Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Fossil Group
LVMH
Richemont
Rolex
The Swatch Group
Other prominent vendors
Audemars Piguet
Burberry
Breitling
Casio
Chanel
Chopard
Citizen
Dolce & Gabbana
Giorgio Armani
Kate Spade
Kering
Patek Philippe
Timex
Titan
Seiko
Tiffany
Hermès
Ralph Lauren
Market driver
Internet retailing growth beneficial to watch market
For a full, detailed list, view our report

Market challenge
Counterfeit products
For a full, detailed list, view our report

Market trend
Growing demand for sports watches
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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