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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1225269
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1225269
Watch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global watch market size reached US$ 71.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 98.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
A watch is a portable timepiece that consists of a crown, case, dial, strap, crystal, lugs, and hands and is worn around the wrist or carried in a pocket. It can also be made using precious metals, such as gold, silver and platinum, and ornamented with jewels like rubies and diamonds. At present, improving living standards and inflating disposable incomes are driving the demand for exclusive watches that add a sophisticated and elegant look to the style and personality of an individual.
Watch Market Trends:
- The emerging fast fashion trend, along with the increasing adoption of premium accessories as a status symbol, represents one of the key factors contributing to the demand for handcrafted luxury watches worldwide. Apart from this, the rising adoption of smart and connected devices, coupled with the growing penetration of the internet and increasing reliance on smartphones, are positively influencing the sales of smartwatches. As these watches provide insightful information about the overall health and track nutritional intake of individuals, the increasing prevalence of chronic and lifestyle diseases is impelling the market growth. Moreover, due to the growing complexity of aircraft, luxury pilot watches are gaining traction among aviation professionals and airline pilots to assist them with mid-flight aeronautical calculations, such as wind correction angle and fuel consumption. Besides this, market players are introducing touch-sensitive tactile watches that visually impaired people can use to sense time accurately. In addition, they are offering custom-made variants in luxury boxes through online retail channels. This, in confluence with the thriving e-commerce industry, is anticipated to augment the sales of watches and strengthen the market growth in the coming years.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global watch market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, price range, distribution channel and end user.
Breakup by Type:
- Quartz
- Mechanical
Breakup by Price Range:
- Low-Range
- Mid-Range
- Luxury
Breakup by Distribution Channel:
- Online Retail Stores
- Offline Retail Stores
Breakup by End User:
- Men
- Women
- Unisex
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Apple Inc., Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., LG Electronics Inc., Movado Group Inc., Rolex SA, Samsung Electronics Co. Ltd., Seiko Holdings Corporation, The Swatch Group Ltd., Titan Company Limited and Xiaomi Corporation.
- Key Questions Answered in This Report
- 1. What was the size of the global watch market in 2022?
- 2. What is the expected growth rate of the global watch market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global watch market?
- 4. What are the key factors driving the global watch market?
- 5. What is the breakup of the global watch market based on the type?
- 6. What is the breakup of the global watch market based on the price range?
- 7. What is the breakup of the global watch market based on the distribution channel?
- 8. What are the key regions in the global watch market?
- 9. Who are the key players/companies in the global watch market?
Product Code: SR1423A110_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Watch Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Quartz
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Mechanical
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Price Range
- 7.1 Low-Range
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Mid-Range
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Luxury
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Online Retail Stores
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offline Retail Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End User
- 9.1 Men
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Women
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Unisex
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Apple Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Casio Computer Co. Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Citizen Watch Co. Ltd.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Fossil Group Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 LG Electronics Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Movado Group Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Rolex SA
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Samsung Electronics Co. Ltd.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Seiko Holdings Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 The Swatch Group Ltd.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Titan Company Limited
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Xiaomi Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.1 Apple Inc.
Product Code: SR1423A110_Report
List of Figures
- Figure 1: Global: Watch Market: Major Drivers and Challenges
- Figure 2: Global: Watch Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Watch Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Watch Market: Breakup by Type (in %), 2022
- Figure 5: Global: Watch Market: Breakup by Price Range (in %), 2022
- Figure 6: Global: Watch Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Watch Market: Breakup by End User (in %), 2022
- Figure 8: Global: Watch Market: Breakup by Region (in %), 2022
- Figure 9: Global: Watch (Quartz) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Watch (Quartz) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Watch (Mechanical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Watch (Mechanical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Watch (Low-Range) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Watch (Low-Range) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Watch (Mid-Range) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Watch (Mid-Range) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Watch (Luxury) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Watch (Luxury) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Watch (Offline Retail Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Watch (Offline Retail Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Watch (Online Retail Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Watch (Online Retail Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Watch (Men) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Watch (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Watch (Women) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Watch (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Watch (Unisex) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Watch (Unisex) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: North America: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: North America: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: United States: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: United States: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Canada: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Canada: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Asia-Pacific: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Asia-Pacific: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: China: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: China: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Japan: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Japan: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: India: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: India: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: South Korea: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: South Korea: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Australia: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Australia: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Indonesia: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Indonesia: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Others: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Others: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Europe: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Europe: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Germany: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Germany: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: France: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: France: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: United Kingdom: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: United Kingdom: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Italy: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Italy: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Spain: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Spain: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Russia: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Russia: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Latin America: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Latin America: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Brazil: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Brazil: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Mexico: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Mexico: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Middle East and Africa: Watch Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Middle East and Africa: Watch Market: Breakup by Country (in %), 2022
- Figure 77: Middle East and Africa: Watch Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Global: Watch Industry: SWOT Analysis
- Figure 79: Global: Watch Industry: Value Chain Analysis
- Figure 80: Global: Watch Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Watch Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Watch Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Watch Market Forecast: Breakup by Price Range (in Million US$), 2023-2028
- Table 4: Global: Watch Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Watch Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: Watch Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Watch Market: Competitive Structure
- Table 8: Global: Watch Market: Key Players
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