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Watches and Clocks - Global Strategic Business Report

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    Report

  • 795 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 354892

Global Watches and Clocks Market to Reach $81.5 Billion by 2030

The global market for Watches and Clocks estimated at US$62.6 Billion in the year 2023, is projected to reach a revised size of US$81.5 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2023-2030.

Quartz Watches, one of the segments analyzed in the report, is projected to record 2.8% CAGR and reach US$52.5 Billion by the end of the analysis period. Growth in the Mechanical Watches segment is estimated at 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.5 Billion, While China is Forecast to Grow at 4.5% CAGR

The Watches and Clocks market in the U.S. is estimated at US$12.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$9.2 Billion by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 329 Featured)

  • Alpina Watch International SA
  • Audemars Piguet
  • Casio Computer Co., Ltd.
  • Timex Group USA
  • Tissot SA
  • Zodiac Watches
  • Tiffany & Company
  • Tag Heuer International SA
  • Rolex SA
  • Rhythm Watch Co.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Clocks and Watches
  • Clocks
  • Watches
  • Time: An Important Requirement for Mankind Since Time Immemorial
  • Watches & Clocks Market in a Nutshell
  • Global Watches and Clocks Market: Prospects and Outlook
  • Global Watches Market by Price Category (in %) for 2023
  • Luxury Watches and Smartwatches Support Growth of Watches Market
  • Global Swiss Watch Market: Percentage Breakdown of Value and Unit Sales by Material for 2023
  • While Developed Regions Lead Revenue Generation, Developing Regions Emerge as Hot Spots of Future Growth
  • Import Export Data
  • Leading Exporters of Swiss Watches Worldwide Ranked by Export Volume in Units for 2023
  • Leading Watch Importing Nations Worldwide: Ranked by Import Value in US$ Billion for the Year 2023
  • Competitive Landscape
  • Watches: A Highly Competitive Marketplace
  • Top Global Watch Brands
  • Key Competitors in the Luxury Watches Domain
  • Swiss Watches Global Competitor Share Positioning for 2023
  • Smartwatches: Apple Continues to Lead the Market
  • Global Smartwatch Market: Percentage Breakdown of Unit Shipments by Company for 2019
  • Sports & Fitness Watches Market
  • Global Sports Watches Market: Percentage Breakdown of Sales by Leading Companies for 2023
  • Global Swim Watches Market: Percentage Breakdown of Sales by Leading Companies Brand for 2023
  • Social Media Evolves into Core Business Tool for Vendors
  • Watch Brands Expand Presence into Online Retail Channel
  • Mobile e-Commerce: A Game Changer
  • Collaborations on the Rise
  • M&A Activity: Strategy to Expand Business Activities
  • Recent Market Activity
  • Watches and Clocks - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Luxury Watches: A Strong Growth Driver for the Watch Market
  • High Millionaires’ Population Steers Demand for Luxury Watches: Number of Millionaires in Thousands for Select Countries in 2023
  • Luxury Watch Market in the US: Percentage Breakdown of Value Sales by Product for 2019 and 2025
  • Global Luxury Watch Market: Percentage Breakdown of Sales by Distribution Channel for 2023
  • Swiss Watches: The Primary Luxury Watch Category
  • Global Swiss Watch Exports: Percentage Breakdown of Export Value by Region for 2023
  • Global Swiss Watch Exports: Percentage Breakdown of Export Volume and Value by Type for 2023
  • Affluent Millennials Transform Luxury Watches Market
  • Global Millennial Population Facts & Figures: Important Opportunity Indicators
  • Global Millennials Population Spread by Region (in %): 2023
  • Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2023
  • High Potential for High-End Classic Watches Market
  • Pre-owned Luxury Watches Market Witnesses Robust Demand Worldwide
  • Luxury Goods Market: An Opportunity Indicator for Luxury Watch Sales
  • Luxury Goods Sales Worldwide in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Global Personal Luxury Goods Market: Percentage Breakdown of Revenues by Region for the Years 2019 and 2025
  • Global Luxury Goods Market: Percentage Breakdown of Revenues by Product Category for 2023
  • Luxury Brands Differentiate Even in Digital Transition Efforts
  • Popularity of Intelligent Wristwear for Digitally Connected and Mobile Individuals Augurs Well for Smartwatches Market
  • Global Smartwatches Market: Shipments in Million Units for the Years 2019, 2021, 2023 and 2025
  • Growth Drivers & Challenges in a Nutshell
  • A Comparison of Select Popular Smartwatches
  • While Quartz Watches Continue to Lead, Mechanical Watches Market Gradually Gains Momentum
  • Sports Watches: A Niche Segment Thriving on the Rising Importance of Health & Fitness
  • Global Sports Watches Market: Shipments in Million Units for the Years 2017, 2019, 2021 and 2023
  • Popular Sports Watch Models: An Overview
  • Popular GPS-based Sports Watches
  • Vintage Watches: A Lucrative Market with Huge Market Potential
  • Multiple Advantages Offered for Designers in Creating Prototypes Promotes Demand for 3D Printing in Watchmaking
  • NoTable Trends Influencing Watch Designs
  • Growing Appeal of Colors
  • Blue: Bridging Traditional with Modern
  • Green Draws Color Experimentation
  • Return of Two-Tone Watches and Bronze Shade
  • Versatility: An Important Feature
  • Timepieces Become Gender Neutral
  • Retro Style and Small Vintage Watches in Fashion
  • Small Watches Make a Comeback
  • Use of Sophisticated Composites on the Rise
  • Sustainability Gains Importance
  • Classic Three-Hand Watches
  • Watches with Dazzling Gems
  • Favorable Demographic and Economy Trends Strengthen Market Prospects
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urbanization Trend Boosts Market Prospects
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Improving Standards of Living: A Key Growth Driver
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Issues & Challenges
  • Counterfeiting: The Perpetual Problem for Watches and Clocks Industry
  • Traditional Watch Companies Face the Rising Threat of Design Copying
  • Innovation & Advancements Drives Watches & Clocks Market
  • Design Innovations in Watches: A Review of Latest Trends
  • Innovations in Mechanical Watchmaking
  • An Insight into Top Innovative Watches of Recent Times
  • Luxury Watch Innovations: A Never Ending Saga
  • Innovation Becomes Imperative Amid Growing Threat from Smartwatches
  • Luxury Watches Embrace Digital and Dual Display Designs
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Watches and Clocks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Watches and Clocks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Watches and Clocks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Quartz by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Quartz by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Quartz by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Mechanical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Mechanical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Mechanical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Watches and Clocks Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • United States: A Major Market for Watches and Clocks
  • United States Watches Market: Percentage Breakdown of Value Sales by Price Category: 2023
  • Key Watch Purchasing Trends in the US
  • Quartz Analog and Mechanical Watches Sustain Market Growth
  • Bigger-Sized Watches Enjoy Rising Popularity in the US
  • Growing Prominence of E-Commerce and Company-owned Retail Benefit Luxury Watch Sales
  • Distribution Channels
  • US Sports Watch Market: Percentage Breakdown of Value Sales by Distribution Channel for 2023
  • US Clocks Market: Percentage Breakdown of Value Sales by Distribution Channel for 2023
  • Table 11: USA Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 12: USA Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: USA 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
CANADA
  • Market Overview
  • Competitive Scenario
  • Canadian Watch Market Share in % by Company for 2023
  • Table 14: Canada Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 15: Canada Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: Canada 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
JAPAN
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Japan: A Prime Producer, Consumer and Exporter of Watches and Clocks
  • Japanese Watch Market by Price Category (in %) for 2023
  • Japanese Watch Market: Percentage Breakdown of Unit Production Volume by Type for the Years 2015 and 2023
  • Japanese Watch Market: Percentage Breakdown of Production Value by Type for the Years 2015 and 2023
  • Japanese Clocks Market: Percentage Breakdown of Production Volume by Type for the Years 2015 and 2023
  • Japanese Clocks Market: Percentage Breakdown of Production Value by Type for the Years 2015 and 2023
  • Innovations Play an Important Role in the Japanese Watch Market
  • Japanese Watchmakers Make a Push to Capture Share of Luxury Watches Market
  • Casio, Citizen and Seiko: The Japanese Watch Trio
  • Japanese Watch Market: Percentage Breakdown of Value Sales by Leading Players for 2023
  • Competition from Foreign Brands Heats Up
  • Table 17: Japan Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 18: Japan Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: Japan 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
CHINA
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China: A Market Laden with Opportunities
  • Watch Market in China: Snapshots
  • Chinese Watches Market by Price Category (in %): 2023
  • China’s Young and Affluent Consumers Lead Growth of Luxury Watch Market
  • Increasing Affluence of Chinese Individuals: Wealth per Adult in US$ for the Years 2002, 2006, 2010, 2014, 2018 and 2022
  • Luxury Goods Market in China: Percentage Breakdown of Value Sales by Product Category for 2023
  • Consumer Behavior and Purchasing Patterns in China
  • Major Factors and Trends Influencing the Luxury Goods Market in China
  • Disposable Incomes
  • Demand Rises in Smaller Cities
  • Post-90s Generation: A Major Driver of Luxury Products
  • Popularity of Affordable Luxury Goods
  • Increasing Sophistication of Luxury Consumers
  • Popularity of Haitao and Establishment of Free Trade Zones
  • Tourist Spending
  • Factors Considered by Consumers When Purchasing Luxury Watches
  • Primary Strategies Adopted by Luxury Retailers
  • Building Up Online Presence and Leveraging Social Platforms
  • Incorporation of Traditional Elements to Attract Consumers
  • Creating Engaging In-Store Experiences
  • Increasing Demand for Swiss Luxury Watches in China
  • Growth of Pre-Owned Watch Market in China Disrupts Global Watch Industry
  • Competitive Scenario
  • Entry Barriers Low for the Chinese Watch Industry
  • Distribution Channels
  • Online & e-Commerce Platforms Emerge as High-Potential Distribution Channels
  • Table 20: China Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: China Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: China 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
EUROPE
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • A Mature Market
  • European Watches Market by Price Category for 2023
  • Pre-Owned Luxury Watches Market Gains Traction
  • Table 23: Europe Recent Past, Current & Future Analysis for Watches and Clocks by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: Europe Historic Review for Watches and Clocks by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: Europe 16-Year Perspective for Watches and Clocks by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • Table 26: Europe Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Europe Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 28: Europe 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
FRANCE
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Market Overview
  • Leading Watch Brands in France: Ranked by Number of Users in Thousands
  • Table 29: France Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 30: France Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 31: France 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
GERMANY
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 32: Germany Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Germany Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 34: Germany 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
ITALY
  • Table 35: Italy Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 36: Italy Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 37: Italy 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Market Overview
  • Competitive Scenario
  • Table 38: UK Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: UK Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 40: UK 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
SPAIN
  • Table 41: Spain Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 42: Spain Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 43: Spain 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
RUSSIA
  • Table 44: Russia Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Russia Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 46: Russia 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
REST OF EUROPE
  • An Overview of Select Regional Markets
  • Sweden
  • The Netherlands
  • Poland
  • Romania
  • Switzerland
  • A Leading Watch Market
  • The Global Hub for Luxury Watches
  • Classification of Swiss Luxury Watches
  • An Exports Driven Market
  • Brief Description of Globally Popular Swiss Watch Brands
  • Asian Countries Emerge as Leading Export Destinations for Swiss Watches
  • Competitive Scenario
  • Switzerland Faces Severe Shortage of Skilled Craftsmen
  • Swiss Watch Industry Comes Up with Initiatives to Counter Fake Products
  • Turkey
  • Table 47: Rest of Europe Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 48: Rest of Europe Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 49: Rest of Europe 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Asia-Pacific Watches and Clocks Market: An Overview
  • Asia-Pacific Watches Market by Price Category (in %) for 2023
  • Table 50: Asia-Pacific Recent Past, Current & Future Analysis for Watches and Clocks by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 51: Asia-Pacific Historic Review for Watches and Clocks by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 52: Asia-Pacific 16-Year Perspective for Watches and Clocks by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • Table 53: Asia-Pacific Recent Past, Current & Future Analysis for Watches and Clocks by Type - Quartz and Mechanical - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 54: Asia-Pacific Historic Review for Watches and Clocks by Type - Quartz and Mechanical Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 55: Asia-Pacific 16-Year Perspective for Watches and Clocks by Type - Percentage Breakdown of Value Sales for Quartz and Mechanical for the Years 2014, 2024 & 2030
AUSTRALIA
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
  • Market Overview
  • Smartwatch Market Continues to Make Strong Gains
  • Competitive Scenario
INDIA
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • India: A High Growth Market
  • Popularity of Luxury Watches Rises among Affluent Indians
  • Smartwatches Gain Popularity among Indian Consumers
  • Rising Popularity of Bespoke Watches
  • Clock Manufacturers Offer Customized Wall Clocks to Counter Competition from Electronic Gadgets
  • Noteworthy Watch Brands in India
  • Titan: The Leading Watch Brand
  • Other Major Brands
SOUTH KOREA
REST OF ASIA-PACIFIC
  • Overview of Select Regional Markets
  • Hong Kong
  • Hong Kong: Among the Leading Exporters of Watches and Clocks
  • Market Snippets
  • Hong Kong Protests Slows Down Swiss Watch Industry
  • Pre-owned Luxury Watch Market in Hong Kong
  • Popularity of Wearable Technology Drives Demand for Smartwatches
  • Active Efforts by Manufacturers to Ensure Quality and Boost Sales
  • Impact of CEPA Provisions
  • Key Directives for Watch Makers
  • Alloys, Titanium, Ceramic, and Other Materials Witness Increasing Popularity
  • Distribution Landscape
  • Indonesia
  • Singapore
  • Philippines
  • Thailand
LATIN AMERICA
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZIL
MEXICO
  • Market Overview
  • New Players Boost Watches Sales
  • Luxury Watch Market in Mexico: Market Share (in %) by Company for 2023
REST OF LATIN AMERICA
MIDDLE EAST
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Market Overview
IRANISRAELSAUDI ARABIA
UNITED ARAB EMIRATES
  • Market Overview
  • Luxury Watches: A High Potential Market
REST OF MIDDLE EAST
AFRICA
  • Watches and Clocks Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • Consumer Spending Levels Dictate Demand Trends in South Africa
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alpina Watch International SA
  • Audemars Piguet
  • Casio Computer Co., Ltd.
  • Timex Group USA
  • Tissot SA
  • Zodiac Watches
  • Tiffany & Company
  • Tag Heuer International SA
  • Rolex SA
  • Rhythm Watch Co.

Table Information