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FEATURED COMPANIES
- Casio Computer Co. Ltd.
- Citizen Watch Co. Ltd.
- Fossil Group Inc.
- Movado Group Inc.
- Ralph Lauren Corp.
- Rolex SA
- MORE
The watch market analysis considers sales from both quartz and mechanical watches. Our study also finds the sales of the watch in APAC, Europe, MEA, North America, and South America. In 2019, the quartz watches segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as less maintenance, high durability, and low manufacturing cost will play a significant role in the quartz watches segment to maintain its market position. Also, our global watch market report looks at factors such as rising demand for premium watches, celebrity endorsement, and the growing number of fashion-conscious consumers. However, the presence of counterfeit products, long product life cycles, and limited product awareness in developing regions may hamper the growth of the watch industry over the forecast period.
Global Watch Market: Overview
Growing number of fashion-conscious consumers
Rising urbanization and the evolving fashion-consciousness among the people, particularly, men are supporting the growth of the apparel, accessories, and luxury goods industry. In addition to women, men have also started participating actively in personal styling and dressing as they are becoming increasingly beauty- and image-conscious. Moreover, watches are increasingly being perceived as a fashion accessory instead of just a timekeeping device. Thus, the growing number of fashion-conscious consumers coupled with the rising spending power of the people from the middle-income group will lead to the expansion of the global watch market at a CAGR of almost 7% during the forecast period.
Increase in the introduction of smart connected watches
The demand for smartwatches has been increasing in recent years. Factors including the increasing adoption of smart products and accessories among people, rising participation of people in sports, growing concerns about fitness from an early age, and the surging engagement of people in fitness and sports activities are expected to drive the smart connected watches market growth. Smartwatches allow users to track their day-to-day activities while controlling their smartphones by enabling access to camera and music player, read messages and emails, and attend or decline calls. Furthermore, vendors operating in the global watch market are introducing smartwatches equipped with an activity tracker, app alerts, multiple time zones, and calendar alerts. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global watch market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading watch manufacturers, that include Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Compagnie Financière Richemont SA, Fossil Group Inc., LVMH Moët Hennessy - Louis Vuitton, Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp., and The Swatch Group Ltd.
Also, the watch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
FEATURED COMPANIES
- Casio Computer Co. Ltd.
- Citizen Watch Co. Ltd.
- Fossil Group Inc.
- Movado Group Inc.
- Ralph Lauren Corp.
- Rolex SA
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Value chain analysis
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Quartz - Market size and forecast 2019-2024
- Mechanical - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Market segmentation by distribution channel
- Comparison by distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Enhanced vendor engagement through social media and other
- entertainment channels
- Increase in introduction of smart connected watches
- Increase in demand for customized watches
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Casio Computer Co. Ltd.
- Citizen Watch Co. Ltd.
- Compagnie Financière Richemont SA
- Fossil Group Inc.
- LVMH Moët Hennessy - Louis Vuitton
- Movado Group Inc.
- Ralph Lauren Corp.
- Rolex SA
- Seiko Holdings Corp.
- The Swatch Group Ltd.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global apparel, accessories, and luxury goods market
Exhibit 02: Segments of global apparel, accessories, and luxury goods market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Vendors: Key offerings
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Product - Market share 2019-2024 (%)
Exhibit 19: Comparison by product
Exhibit 20: Quartz - Market size and forecast 2019-2024 ($ billions)
Exhibit 21: Quartz - Year-over-year growth 2020-2024 (%)
Exhibit 22: Mechanical - Market size and forecast 2019-2024 ($ billions)
Exhibit 23: Mechanical - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by product
Exhibit 25: Customer landscape
Exhibit 26: Distribution channel - Market share 2019-2024 (%)
Exhibit 27: Comparison by distribution channel
Exhibit 28: Offline - Market size and forecast 2019-2024 ($ billions)
Exhibit 29: Offline - Year-over-year growth 2020-2024 (%)
Exhibit 30: Online - Market size and forecast 2019-2024 ($ billions)
Exhibit 31: Online - Year-over-year growth 2020-2024 (%)
Exhibit 32: Market opportunity by distribution channel
Exhibit 33: Market share by geography 2019-2024 (%)
Exhibit 34: Geographic comparison
Exhibit 35: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 36: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 37: Europe - Market size and forecast 2019-2024 ($ billions)
Exhibit 38: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 39: North America - Market size and forecast 2019-2024 ($ billions)
Exhibit 40: North America - Year-over-year growth 2020-2024 (%)
Exhibit 41: MEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 42: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 43: South America - Market size and forecast 2019-2024 ($ billions)
Exhibit 44: South America - Year-over-year growth 2020-2024 (%)
Exhibit 45: Key leading countries
Exhibit 46: Market opportunity
Exhibit 47: Impact of drivers and challenges
Exhibit 48: Vendor landscape
Exhibit 49: Landscape disruption
Exhibit 50: Vendors covered
Exhibit 51: Vendor classification
Exhibit 52: Market positioning of vendors
Exhibit 53: Casio Computer Co. Ltd. - Vendor overview
Exhibit 54: Casio Computer Co. Ltd. - Business segments
Exhibit 55: Casio Computer Co. Ltd. - Organizational developments
Exhibit 56: Casio Computer Co. Ltd. - Geographic focus
Exhibit 57: Casio Computer Co. Ltd. - Segment focus
Exhibit 58: Casio Computer Co. Ltd. - Key offerings
Exhibit 59: Citizen Watch Co. Ltd. - Vendor overview
Exhibit 60: Citizen Watch Co. Ltd. - Business segments
Exhibit 61: Citizen Watch Co. Ltd. - Organizational developments
Exhibit 62: Citizen Watch Co. Ltd. - Geographic focus
Exhibit 63: Citizen Watch Co. Ltd. - Segment focus
Exhibit 64: Citizen Watch Co. Ltd. - Key offerings
Exhibit 65: Compagnie Financière Richemont SA - Vendor overview
Exhibit 66: Compagnie Financière Richemont SA - Business segments
Exhibit 67: Compagnie Financière Richemont SA - Organizational developments
Exhibit 68: Compagnie Financière Richemont SA - Geographic focus
Exhibit 69: Compagnie Financière Richemont SA - Segment focus
Exhibit 70: Compagnie Financière Richemont SA - Key offerings
Exhibit 71: Fossil Group Inc. - Vendor overview
Exhibit 72: Fossil Group Inc. - Product segments
Exhibit 73: Fossil Group Inc. - Organizational developments
Exhibit 74: Fossil Group Inc. - Geographic focus
Exhibit 75: Fossil Group Inc. - Segment focus
Exhibit 76: Fossil Group Inc. - Key offerings
Exhibit 77: LVMH Moët Hennessy - Louis Vuitton - Vendor overview
Exhibit 78: LVMH Moët Hennessy - Louis Vuitton - Business segments
Exhibit 79: LVMH Moët Hennessy - Louis Vuitton - Organizational developments
Exhibit 80: LVMH Moët Hennessy - Louis Vuitton - Geographic focus
Exhibit 81: LVMH Moët Hennessy - Louis Vuitton - Segment focus
Exhibit 82: LVMH Moët Hennessy - Louis Vuitton - Key offerings
Exhibit 83: Movado Group Inc. - Vendor overview
Exhibit 84: Movado Group Inc. - Business segments
Exhibit 85: Movado Group Inc. - Organizational developments
Exhibit 86: Movado Group Inc. - Geographic focus
Exhibit 87: Movado Group Inc. - Segment focus
Exhibit 88: Movado Group Inc. - Key offerings
Exhibit 89: Ralph Lauren Corp. - Vendor overview
Exhibit 90: Ralph Lauren Corp. - Business segments
Exhibit 91: Ralph Lauren Corp. - Organizational developments
Exhibit 92: Ralph Lauren Corp. - Geographic focus
Exhibit 93: Ralph Lauren Corp. - Segment focus
Exhibit 94: Ralph Lauren Corp. - Key offerings
Exhibit 95: Rolex SA - Vendor overview
Exhibit 96: Rolex SA - Product segments
Exhibit 97: Rolex SA - Key offerings
Exhibit 98: Seiko Holdings Corp. - Vendor overview
Exhibit 99: Seiko Holdings Corp. - Business segments
Exhibit 100: Seiko Holdings Corp. - Organizational developments
Exhibit 101: Seiko Holdings Corp. - Geographic focus
Exhibit 102: Seiko Holdings Corp. - Segment focus
Exhibit 103: Seiko Holdings Corp. - Key offerings
Exhibit 104: The Swatch Group Ltd. - Vendor overview
Exhibit 105: The Swatch Group Ltd. - Business segments
Exhibit 106: The Swatch Group Ltd. - Organizational developments
Exhibit 107: The Swatch Group Ltd. - Geographic focus
Exhibit 108: The Swatch Group Ltd. - Segment focus
Exhibit 109: The Swatch Group Ltd. - Key offerings
Exhibit 110: Validation techniques employed for market sizing
Exhibit 111: Definition of market positioning of vendors
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FEATURED COMPANIES
- Casio Computer Co. Ltd.
- Citizen Watch Co. Ltd.
- Fossil Group Inc.
- Movado Group Inc.
- Ralph Lauren Corp.
- Rolex SA
- MORE
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in the introduction of smart connected watches.”
According to the report, one of the major drivers for this market is the growing number of fashion-conscious consumers.
Further, the report states that one of the major factors hindering the growth of this market is the presence of counterfeit products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Casio Computer Co. Ltd.
- Citizen Watch Co. Ltd.
- Compagnie Financière Richemont SA
- Fossil Group Inc.
- LVMH Moët Hennessy - Louis Vuitton
- Movado Group Inc.
- Ralph Lauren Corp.
- Rolex SA
- Seiko Holdings Corp.
- The Swatch Group Ltd.
