About Watch Straps
Watch Straps are also referred by different names such as watch bracelet or band which enables wrist watches onto the wrist. These come in different varieties of make namely plastic, leather or metal. It is denoted as a fashion item on one's wrist, which serves both useful as well as ornamental function. Watch Straps are closed by a folding clasp or a buckle, and can also be designed as per consumer preference. The attachment point of the watch strap is made in a way that it allows the worn watch straps to be replaced with new straps for fashion drives. The increasing trend of wearing fashionable watches with fashionable watch straps every day is driving the market for watch straps.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Watch Straps market throughout the forecasted period. 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.
Swatch Group (Switzerland), Rolex (United Kingdom), Richemont (Switzerland), Fossil (United States), Apple (United States), Citizen (Japan), Timex (United States), Seiko (Japan), Patek Philippe and Casio (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SONY (Japan), Chopard (Switzerland), Audemars Piguet (Switzerland), Movado Group (United States) and Kering (France).
Segmentation Overview
AMA Research has segmented the market of Global Watch Straps market by Type (Ceramic, Fabric, Leather, Metal, Plastic and Rubber), Application (Women and Men) and Region.
On the basis of geography, the market of Watch Straps 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 Sales Channel, the sub-segment i.e. Online will boost the Watch Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Different Types of Styles in Leather Watch Straps e.g. Curved End Link Leather, Hodinkee Camouflage Suede Among Others
Market Growth Drivers:
Increase Demand for Luxury Watches Coupled with Fashionable Watch Straps and Rising Disposable Income and Interest towards Wearing Stylish Watches Everyday
Challenges:
Issue Related To the Excessive Presence of Counterfeit Products, Intense Competition among Established Key Players in the Operating Market and Low Demand in Some Geographical Regions Including the Middle East and Africa
Restraints:
Fluctuation in the Prices of Raw Material for Watch Straps and Lack of Brand Awareness in Developing Countries
Opportunities:
Surging Demand for Durable Sport Watch Straps in Developed Nations and Growing Demand from the Asian Countries Due To the Increasing Disposal Income and Changing LifeStyle
On 29th March, Sony Launched a different take on the smartwatch, with all the technology embedded in a band that users can attach to their favorite analog face. The name of the product Wena watch strap is an upgradation of the traditional watch strap which includes many features such as fitness tracking, contactless payments, phone notifications, and OLED screen where notifications are displayed.
Key Target Audience
Watch Straps Manufactures, Watch Straps Distributors, Raw material suppliers, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations and Others
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.