About Pocket Watch
Pocket watch is referred to as a watch that is made to be carried in a pocket. Pocket watches generally have an attached chain to allow them to be secured to a waistcoat, lapel, or belt loop, and to prevent them from being dropped. The market of pocket watch is increasing due to growing choice towards vintage collection by youngster and as it is portable. while some of the factors like availability of substitutes such as smart watch, wrist watch, etc in the market is hampering the market growth. Pocket watch is now available in Many designs and in many material.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Swiss Vendors will contribute the maximum growth to Global Pocket Watch 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.
Movado (Switzerland), LVMH (France), Citizen (Japan), Dakota (United States), Seiko (Japan), OMEGA (Switzerland), Vacheron Constantin (Switzerland), Patek Philippe (Switzerland), Tissot (Switzerland), Hamilton (United States) and Swatch Group (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Disney (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Pocket Watch market by Type (Open-face watches, Hunter-case watches and Other), Application (Display Time, Adornment, Collection and Other) and Region.
On the basis of geography, the market of Pocket 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 Watch Movements, the sub-segment i.e. Key-wind, key-set movements will boost the Pocket 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. Offline will boost the Pocket Watch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Bi-Metal will boost the Pocket Watch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Various Top Players are Launching Innovative Pocket Watch Design Every Year
Market Growth Drivers:
Growing Adoption of Vintage Product Among many People and Rising Popularity of Vintage Pocket Watches Especially Among Watch Connoisseurs
Challenges:
Excessive Presence of Counterfeit Products and The Dominance of New Player in Market as they are Bringing Product with New Technologies
Restraints:
High Prices of Luxury Pocket Watches and Lack of Product Awareness in Many Regions
Opportunities:
Growing Demand from End-users and Growth in the E-commerce Industry
Market Leaders and their expansionary development strategies
In January 2023, Omega forums acquired old packet watch, as a repayment of a debt, poor bugger never has any money and offered this in lieu of payment.
In March 2023, Pocket Watch, the leading kids and family creator content and IP company, has partnered with Jellysmack, the global creator company, to expedite growth opportunities for the pocket.watch portfolio of creator partners. Jellysmack has committed up to USD 25 million to finance pocket.watch creators' video catalogs in customized ways that serve the specialized needs of kids and family creators.
Key Target Audience
Manufactures of Pocket Watch, Suppliers and Distributors of Pocket Watch, End-Users of Pocket Watch, Potential Investors, Market Research Firms, Regulatory Bodies 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.