Watch Market 2020-2024 | Growing Number of Fashion-conscious Consumers to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Watch Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the watch market and it is poised to grow by USD 35.06 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp. and The Swatch Group Ltd. are some of the major market participants. Although the growing number of fashion-conscious consumers will offer immense growth opportunities, presence of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Growing number of fashion-conscious consumers has been instrumental in driving the growth of the market. However, presence of counterfeit products might hamper market growth. Request a free sample report

Watch Market 2020-2024: Segmentation

Watch Market is segmented as below:

Product

  • Quartz
  • Mechanical

Distribution Channel

  • Offline
  • Online

Geographic Segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40717

Watch Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our watch market report covers the following areas:

  • Watch Market Size
  • Watch Market Trends
  • Watch Market Industry Analysis

This study identifies increase in introduction of smart connected watches as one of the prime reasons driving the watch market growth during the next few years.

Watch Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the watch market , including some of the vendors such as Movado Group Inc., Ralph Lauren Corp., Rolex SA, Seiko Holdings Corp. and The Swatch Group Ltd. Backed with competitive intelligence and benchmarking, our research reports on the watch market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Watch Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist watch market growth during the next five years
  • Estimation of the watch market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behaviour
  • The growth of the watch market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of watch market vendors

Table of Content

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 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

PART 16: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The global watch market size has the potential to grow by USD 35.06 billion during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/