Outlook of global watches market
High demand for Swiss luxury watches is boosting sales and the market is expected to reach a CAGR of more than 7.6% during the forecast period. Rise in disposable income and a burgeoning upper middle class in emerging countries such as India, China, and Brazil is contributing to market growth.
Manufacturers are also entering the e-commerce scenario by setting up their own e-boutiques. Online sales of watches has witnessed considerable growth and the trend is expected to continue during the forecast period.
This research report estimates the specialist retailers segment to account for around 46% of the global market share.
Geographical segmentation of global watches market
APAC accounted for the largest share of the market. Growing number of HNWIs, rapidly growing upper middle class, growing interest of consumers in luxury products, large portfolio of products, innovations, and new product launches are expected to fuel the growth of the market in APAC during the forecast period.
APAC is expected to experience considerable growth during the forecast period and continue its dominance in the global watches market, accounting for a 48.66% share in 2019. Europe and North America are expected to experience slow growth.
Vendor landscape of global watches market
The global watches market is witnessing intense competition. Pricing strategies and innovative services offered by leading companies are playing a significant role in driving the growth of the market. The market is dominated by a few leading players and there is a high level competition based on product differentiation, portfolio, and pricing. The competition is expected to further intensify during the forecast period with increase in product extensions.
The top five leading vendors in the market include:
The Other prominent vendors in the market include Audemars Piguet, Burberry, Casio, Chanel, Chopard, Citizen, Dolce & Gabbana, Giorgio Armani, Patek Philippe, Timex, Titan, and Seiko.
Key questions answered in the report
What are the key factors driving the global watches market?
What are the key market trends impacting the growth of the global watches market?
What are the various opportunities and threats faced by the vendors in the global watches market?
Growth forecast for the key segments of the global watches market?
Trending factors influencing the market shares for APAC, Europe, North America, and ROW?
Key outcome of the market analysis of the leading countries in the global watches market?
Key outcome of the five forces analysis on the global watches market?
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Table Of Content
PART 01: Executive summary
PART 02: Scope of the report
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PART 03: Market research methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Segmentation of global watches market by watch movement
PART 07: Market segmentation by distribution channel
Market segmentation by retail format
PART 08: Market segmentation by geography
Segmentation of global watches market by geography
Watches market in APAC
Watches market in Europe
Watches market in North America
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
Other prominent vendors
PART 16: Key vendor analysis
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