Watches and Clocks - Global Market Trajectory & Analytics

Global Watches and Clocks Market to Reach $73.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Watches and Clocks estimated at US$60.5 Billion in the year 2020, is projected to reach a revised size of US$73.4 Billion by 2027, growing at aCAGR of 2.8% over the period 2020-2027. Quartz, one of the segments analyzed in the report, is projected to record 2.3% CAGR and reach US$48.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mechanical segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.3 Billion, While China is Forecast to Grow at 4% CAGR

The Watches and Clocks market in the U.S. is estimated at US$12.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 329 Featured) -

• 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 Financière Richemont SA
• Cartier International SNC
• Montblanc-Simplo GmbH
• Fossil Group, Inc.
• Garmin Ltd.
• Google, Inc.
• Hermes International S.A.
• Howard Miller
• Kering
• Gucci Group
• LVMH Moet Hennessy Louis Vuitton SA
• Bulgari S.p.A.
• TAG Heuer International SA
• Movado Group, Inc.
• Patek Philippe SA
• Rhythm Watch Co., Ltd.
• Rolex SA
• Samsung Electronics Co., Ltd.
• Seiko Holdings Corporation
• The Swatch Group Ltd.
• Omega
• Tissot SA
• Timex Group USA, Inc.
• Timex Group India Ltd.
• Titan Industries Ltd.
• Uhrenfabrik Junghans GmbH & CO.KG