Market Overview

The Global Watch Market was valued at USD 80,766.9 million in 2023 and is expected to reach USD 120,608.2 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global watch market growth. A watch is a portable timepiece worn on the wrist or carried in a pocket. It displays the current time and may include features like date and day of the week. Watches can be powered by mechanical movements, quartz crystals, or digital technology.

Current fashion trends, styles, and innovation in watch technologies are driving the growth of the watch market. Nevertheless, obstacles such as competition from smart devices and changing lifestyles may impede further market expansion.

Furthermore, the global watch industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Watch Market is segmented among Quartz Watch, and Digital, based on product type. In 2023, Quartz Watch accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Price Range Analysis

The Global Watch Market is segmented among Low Range, Mid-range, and Luxury, based on Price Range. In 2023, Low Range accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Watch Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share and is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Fossil Group Inc., Citizen Watch Co. Ltd, Titan Company Limited, Apple Inc., Seiko Holdings Corporation, The Swatch Group Ltd, Casio Computer Co. Ltd, Daniel Wellington AB, Timex Group, and Rolex SA.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Watch Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Watch Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Watch Market Segmentation, By Product Type

• Global Watch Market Share Analysis, By Product Type

• Global Watch Market Growth Analysis, By Product Type

• Global Watch Market Trends, By Product Type

o Quartz Watch

o Digital

Ø Smart

Ø Other Digital Types

6. Global Watch Market Segmentation, By Price Range  

• Global Watch Market Share Analysis, By Price Range  

• Global Watch Market Growth Analysis, By Price Range  

• Global Watch Market Trends, By Price Range  

o Low Range

o Mid-range

o Luxury

7. Global Watch Market Segmentation, By Distribution Channel

• Global Watch Market Share Analysis, By Distribution Channel

• Global Watch Market Growth Analysis, By Distribution Channel

• Global Watch Market Trends, By Distribution Channel

o Offline Retail Stores

o Online Retail Stores

8. Global Watch Market Segmentation, By End-Use   

• Global Watch Market Share Analysis, By End-Use   

• Global Watch Market Growth Analysis, By End-Use   

• Global Watch Market Trends, By End-Use   

o Women

o Men

o Unisex

9. Global Watch Market Segmentation, By Region

• Global Watch Market Share Analysis, By Region

• Global Watch Market Growth Analysis, By Region

• Global Watch Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

10. Competitive Landscape

• Fossil Group Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Citizen Watch Co. Ltd

• Titan Company Limited

• Apple Inc.

• Seiko Holdings Corporation

• The Swatch Group Ltd

• Casio Computer Co. Ltd

• Daniel Wellington AB

• Timex Group

• Rolex SA  

 *Similar analysis will be provided for each company listed above.