NEW YORK, March 23, 2021 /PRNewswire/ -- The global watch market is set to grow by USD 3.31 bn, progressing at a CAGR of almost 1% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., LVMH Moet Hennessy - Louis Vuitton, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd. are some of the major market participants. The rising demand for premium watches will offer immense growth opportunities. Market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Watch Market 2020-2024: Segmentation
Watch Market is segmented as below:
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Watch Market 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the watch market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., LVMH Moet Hennessy - Louis Vuitton, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd.
The report also covers the following areas:
Market trends such as the increasing use of smartwatches are likely to emerge as one of the primary drivers of the market. However, factors such as the presence of counterfeit products is may threaten the growth of the market.
Backed with competitive intelligence and benchmarking, our research reports on the watch market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Related Reports on Consumer Discretionary Include:
Global Luxury Watch Market - Global luxury watch market is segmented by end-user (men and women), distribution channel (offline and online), and geography (North America, APAC, Europe, MEA, and South America).
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Global Luxury Handbags Market - Global luxury handbags market is segmented by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).
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Watch Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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