About Watch-
The watch market is dynamic and diverse with an influx of the most contrasting timepieces, from expensive to relatively cheap. The market has notably changed over the years, almost keeping in line with both technological advances and shifting consumer preferences and fashion. Traditional mechanical and quartz watches are sticking to their ground, particularly in the luxury market where strong brands such as Rolex, Patek Philippe, and Omega have tremendous demand. These watch brands are renowned for their craftsmanship, precision, and their status symbol value. On the other hand, smartwatches have emerged as a more significant market impactor, driven by brands like Apple, Samsung, and Fitbit. They are a mixture of traditional timekeeping and modern technology, encompassing features like fitness tracking, health monitoring, and notifications. This has significantly increased their demand among tech-savvy customers. The rising integration of wearables with other smart devices makes them even more functional.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fortis Watches AG (Switzerland), Fossil Group (USA), Casio America (USA), Apple Inc. (USA), Rolex (Switzerland), Omega (Switzerland), Patek Philippe (Switzerland), Swatch Group (Switzerland), TAG Heuer (Switzerland) and Seiko (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Watch- market by and Region.
On the basis of geography, the market of Watch- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Analog Watches will boost the Watch- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Quartz Watches will boost the Watch- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Store-Based will boost the Watch- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.