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PUBLISHER: The Business Research Company | PRODUCT CODE: 1337708

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1337708

Watches and Clocks Global Market Report 2023

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PAGES: 175 Pages
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“Watches and Clocks Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on watches and clocks market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for watches and clocks? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The watches and clocks market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Type: Sport Watches; Luxury Watches; Diamond Watches; Alarm Clock; Wall Clock
  • 2) By Distribution Channel: Offline; Online
  • 3) By Application: Display Time; Adornment; Collection; Other Applications
  • Companies Mentioned: Apple Inc.; Audemars Piguet Holding SA; Breitling SA; Casio Computer Co. Ltd.; Chelsea Clock Company
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the watches and clocks market are: Apple Inc., Audemars Piguet Holding SA, Breitling SA, Casio Computer Co. Ltd., Chelsea Clock Company, Chopard, Citizen Watch Co.Ltd., Bulova Corporation, Frederique Constant S.A., Citychamp Watch & Jewellery Group Limited, Compagnie Financiere Richemont SA, Cartier International SNC, Montblanc-Simplo GmbH, Fossil Group Inc., and Garmin Ltd.

The global watches and clocks market is expected to grow from $52.47 billion in 2022 to $56.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The watches and clocks market is expected to reach $66.09 billion in 2027 at a CAGR of 4.2%.

The watches and clocks market consists of sales of automatic watches, quartz watches, solar watches, analogue watches, digital watches, chronograph watches, and hybrid watches. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Watches and clocks refer to timepieces that can be hung on a chain, carried in a pocket, or worn on the wrist using a band that shows time Watches and clocks are used to keep a measure of time and for other applications such as alarm clocks.

Asia-pacific was the largest region in the watches and clocks market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in watches and clocks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of watches and clocks are sports watches, luxury watches, diamond watches, alarm clocks, and wall clocks. Sport watches refer to water-resistant wristwatches with alarm, stopwatch, compass, heart rate monitor, tachymeter (spinning bezel for speed calculation), thermometer, and tide indication (for divers). Sport watches are used for monitoring body performance by athletes. The watches and clocks are distributed through offline and online channels that are used for displaying time, adornment, collection, and others.

Propelling infrastructure development is significantly contributing to the growth of the watches and clocks market going forward. Infrastructure refers to the underlying physical structures of an organization, area, or country which frequently involves the creation of public goods or manufacturing methods. Clocks are used in commercial spaces and offices to keep time and manage work. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the propelling infrastructure development will drive the watches and clocks market.

Product innovation is the key trend gaining popularity in the watches and clocks market. Major companies operating in the watches and clocks market are focusing on developing innovative products to sustain their position in the market. For instance, in July 2022, ADVA, a Germany-based telecommunications company, launched Oscilloquartz high-performance optical cesium atomic clock. The coreSync OSA 3300-HP is the newest innovation in PNT from ADVA in terms of assured positioning, navigation, and timing (PNT). The OSA 3300-HP sets new standards for accuracy and availability as a high-performance optical cesium clock. It offers the resilience needed for PNT assurance in critical infrastructure and empowers service providers to offer unique service-level-agreement timing offerings with integrated GNSS backup. Atomic clocks combine great precision with exceptional availability to provide synchronization backup for networks that rely on GNSS-based timing.

In November 2022, LVMH, a France-based luxury goods manufacturer acquired Pedemonte Group for an undisclosed amount. The acquisition boosts LVMH's capabilities in the watches and jewelry division. Pedemonte Group is an Italy-based watch and jewelry manufacturer.

The countries covered in the watches and clocks market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The watches and clocks market research report is one of a series of new reports from The Business Research Company that provides watches and clocks market statistics, including watches and clocks industry global market size, regional shares, competitors with a watches and clocks market share, detailed watches and clocks market segments, market trends, and opportunities, and any further data you may need to thrive in the watches and clocks industry. This watches and clocks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r7915

Table of Contents

1. Executive Summary

2. Watches and Clocks Market Characteristics

3. Watches and Clocks Market Trends And Strategies

4. Watches and Clocks Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Watches and Clocks Market
  • 4.2. Ukraine-Russia War Impact On Watches and Clocks Market
  • 4.3. Impact Of High Inflation On Watches and Clocks Market

5. Watches and Clocks Market Size And Growth

  • 5.1. Global Watches and Clocks Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Watches and Clocks Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Watches and Clocks Market Segmentation

  • 6.1. Global Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Sport Watches
  • Luxury Watches
  • Diamond Watches
  • Alarm Clock
  • Wall Clock
  • 6.2. Global Watches and Clocks Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Offline
  • Online
  • 6.3. Global Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Display Time
  • Adornment
  • Collection
  • Other Applications

7. Watches and Clocks Market Regional And Country Analysis

  • 7.1. Global Watches and Clocks Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Watches and Clocks Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Watches and Clocks Market

  • 8.1. Asia-Pacific Watches and Clocks Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Watches and Clocks Market

  • 9.1. China Watches and Clocks Market Overview
  • 9.2. China Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Watches and Clocks Market

  • 10.1. India Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Watches and Clocks Market

  • 11.1. Japan Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Watches and Clocks Market

  • 12.1. Australia Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Watches and Clocks Market

  • 13.1. Indonesia Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Watches and Clocks Market

  • 14.1. South Korea Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Watches and Clocks Market

  • 15.1. Western Europe Watches and Clocks Market Overview
  • 15.2. Western Europe Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Watches and Clocks Market

  • 16.1. UK Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Watches and Clocks Market

  • 17.1. Germany Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Watches and Clocks Market

  • 18.1. France Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Watches and Clocks Market

  • 19.1. Eastern Europe Watches and Clocks Market Overview
  • 19.2. Eastern Europe Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Watches and Clocks Market

  • 20.1. Russia Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Watches and Clocks Market

  • 21.1. North America Watches and Clocks Market Overview
  • 21.2. North America Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Watches and Clocks Market

  • 22.1. USA Watches and Clocks Market Overview
  • 22.2. USA Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Watches and Clocks Market

  • 23.1. South America Watches and Clocks Market Overview
  • 23.2. South America Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Watches and Clocks Market

  • 24.1. Brazil Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Watches and Clocks Market

  • 25.1. Middle East Watches and Clocks Market Overview
  • 25.2. Middle East Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Watches and Clocks Market

  • 26.1. Africa Watches and Clocks Market Overview
  • 26.2. Africa Watches and Clocks Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Watches and Clocks Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Watches and Clocks Market Competitive Landscape And Company Profiles

  • 27.1. Watches and Clocks Market Competitive Landscape
  • 27.2. Watches and Clocks Market Company Profiles
    • 27.2.1. Apple Inc.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Audemars Piguet Holding SA
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Breitling SA
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Casio Computer Co. Ltd.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Chelsea Clock Company
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Watches and Clocks Market

29. Watches and Clocks Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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