What is Sports Watches Market?
Sports watches are the watches which is made for providing accurate information to sports person while training as well as collecting, analyzing and displaying as much related information as possible about workout. Sports watch provide features of smart watch such as GPS, health tracker, fitness tracking and quick access to notifications. Sports watches have different application such as running, fishing, diving, skiing, cycling, climbing, gym, other sports.
The market study is being classified by Type (Digital, Analog and Analog-Digital), by Application (Running, Fishing, Diving, Skiing, Cycling, Climbing, Gym and Other Sports) and major geographies with country level break-up.
Casio (Japan), Garmin (United States), Timex (United States), Motorola (United States), Apple (United States), Suunto (Finland), Citizen (Japan), Ezon (India), Nike (United States) and Adidas (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Seiko (Japan), Fossil (United States), Fitbit (United States), Skmei (China), Polar (Finland) and Epson (Japan).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Sports Watches market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sports Watches market by Type, Application and Region.
On the basis of geography, the market of Sports Watches 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Inclination towards Sports as well as Health & Fitness
- Rising Dependency due to Provides Smart Watch Functionality
Market Trend
- Attraction towards GPS Oriented Watches
- Adoption of Water Proof and Shock Proof Features
Restraints
- Limited Battery Life
- Threat of Substitute
- Lack of IT Infrastructure
Opportunities
- Adoption of Advanced Technology
On 7th October 2018, Apple has launched sport watch named as "Watch Nike+ Series 4" across United States, Australia and Asia and in other countries. This watch provides features such as larger screen, thinner body and ECG reader (currently US-only), fall detection and more. Price of watch between 399 dollar and 499 dollar. and On 8th January 2018, Garmin International, Inc. has launched GPS running watch with integrated music named as the Forerunner® 645 Music. Additionally, it provide feature such as Garmin
Key Target Audience
Sport Watches Manufactures, Sport Watches Suppliers, Wholesalers, Retailers, Sport Industry, Potential Investors, Government and other Private Research Organizations and Others