DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Watch Market 2017-2021" report to their offering.
The global watch market to grow at a CAGR of 7.87% during the period 2017-2021.
The report, Global Watch Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is growing demand for sports watches. Increased adoption of a healthy lifestyle and participation in sporting activities have propelled the demand for sports watches. These watches are ideal for use during running, biking, hiking, and other outdoor activities. The built-in GPS allows the person to track distance, pace, calories burnt, and time. In addition to sports performance, these sports watches keep track of altitude, barometric pressure, and ambient temperature. The leading brands in sports watches are Casio, Garmin, Nike, Polar, Seiko, and Suunto.
Market Dynamics
Market drivers
- Internet retailing growth beneficial to watch market
- High demand for Swiss-made luxury watches
- Millennials the major shoppers for watches
- Rising fashion consciousness
Market challenges
- Counterfeit products
- Currency fluctuations and tax rates
- Rising demand for smartwatches
Market trends
- Growing demand for sports watches
- Marketing initiatives
- Innovations in digital watches
Key vendors
- Fossil Group
- LVMH
- Richemont
- Rolex
- The Swatch Group
Other prominent vendors
- Audemars Piguet
- Burberry
- Breitling
- Casio
- Chanel
- Chopard
- Citizen
- Dolce & Gabbana
- Giorgio Armani
- Kate Spade
- Kering
- Patek Philippe
- Timex
- Titan
- Seiko
- Tiffany
- Hermès
- Ralph Lauren
For more information about this report visit http://www.researchandmarkets.com/research/84d9np/global_watch
