Global Watch Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Watch Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Quartz Watch, and Digital (Smart, and Other Digital Types), Price Range (Low Range, Mid-range, and Luxury), Distribution Channel (Offline Retail Stores, and Online Retail Stores), End-Use (Women, Men, and Unisex), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.