Global Watches and Clocks Market Report to 2027 - Luxury Watches are Driving Industry Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Watches and Clocks - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Watches and Clocks estimated at US$60.5 Billion in the year 2020, is projected to reach a revised size of US$73.4 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027.

Quartz, one of the segments analyzed in the report, is projected to record 2.3% CAGR and reach US$48.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mechanical segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.3 Billion, While China is Forecast to Grow at 4% CAGR

The Watches and Clocks market in the U.S. is estimated at US$12.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 329 Featured) -

• Apple, Inc.
• Audemars Piguet Holding SA
• Breitling SA
• Casio Computer Co., Ltd.
• Chelsea Clock Company
• Chopard
• Citizen Watch Co., Ltd.
• Bulova Corporation
• Frederique Constant S.A.
• Citychamp Watch & Jewellery Group Limited
• Compagnie Financiere Richemont SA
• Cartier International SNC
• Montblanc-Simplo GmbH
• Fossil Group, Inc.
• Garmin Ltd.
• Google, Inc.
• Hermes International S.A.
• Howard Miller
• Kering
• Gucci Group
• LVMH Moet Hennessy Louis Vuitton SA
• Bulgari S.p.A.
• TAG Heuer International SA
• Movado Group, Inc.
• Patek Philippe SA
• Rhythm Watch Co., Ltd.
• Rolex SA
• Samsung Electronics Co., Ltd.
• Seiko Holdings Corporation
• The Swatch Group Ltd.
• Omega
• Tissot SA
• Timex Group USA, Inc.
• Timex Group India Ltd.
• Titan Industries Ltd.
• Uhrenfabrik Junghans GmbH & CO.KG

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• An Introduction to Clocks and Watches
• Clocks
• Watches
• Time: An Important Requirement for Mankind Since Time Immemorial
• Watches & Clocks Market in a Nutshell
• Global Watches and Clocks Market: Prospects and Outlook
• Global Watches Market by Price Category (in %) for 2019
• Luxury Watches and Smartwatches Support Growth of Watches Market
• Global Swiss Watch Market: Percentage Breakdown of Value and Unit Sales by Material for 2019
• While Developed Regions Lead Revenue Generation, Developing Regions Emerge as Hot Spots of Future Growth
• Prevailing Economic Conditions Impact Watches and Clocks Market Dynamics
• Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2019-2021
• Import Export Data
• Leading Exporters of Swiss Watches Worldwide Ranked by Export Volume in Units for 2019
• Leading Watch Importing Nations Worldwide: Ranked by Import Value in US$ Billion for the Year 2019
• Impact of COVID-19 and Looming Economic Recession
• Luxury Wristwatches Market Set to Decline amidst COVID-19 Crisis
• Online Channels: A Possible Way Out for Luxury Watchmakers
• Smartwatch Industry and COVID-19 Crisis
• Competitive Landscape
• Watches: A Highly Competitive Marketplace

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Luxury Watches: A Strong Growth Driver for the Watch Market
• High Millionaires' Population Steers Demand for Luxury Watches: Number of Millionaires in Thousands for Select Countries in 2019
• Luxury Watch Market in the US: Percentage Breakdown of Value Sales by Product for 2019 and 2025
• Global Luxury Watch Market: Percentage Breakdown of Sales by Distribution Channel for 2019
• Swiss Watches: The Primary Luxury Watch Category
• Global Swiss Watch Exports: Percentage Breakdown of Export Value by Region for 2019
• Global Swiss Watch Exports: Percentage Breakdown of Export Volume and Value by Type for 2019
• Affluent Millennials Transform Luxury Watches Market
• Global Millennial Population Facts & Figures: Important Opportunity Indicators
• Global Millennials Population Spread by Region (in %): 2018
• Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2018
• High Potential for High-End Classic Watches Market
• Pre-owned Luxury Watches Market Witnesses Robust Demand Worldwide
• Luxury Goods Market: An Opportunity Indicator for Luxury Watch Sales
• Luxury Goods Sales Worldwide in US$ Billion for the Years 2019, 2021, 2023 and 2025
• Global Personal Luxury Goods Market: Percentage Breakdown of Revenues by Region for the Years 2019 and 2025
• Global Luxury Goods Market: Percentage Breakdown of Revenues by Product Category for 2019
• Luxury Brands Differentiate Even in Digital Transition Efforts
• Popularity of Intelligent Wristwear for Digitally Connected and Mobile Individuals Augurs Well for Smartwatches Market
• Global Smartwatches Market: Shipments in Million Units for the Years 2019, 2021, 2023 and 2025
• Growth Drivers & Challenges in a Nutshell
• A Comparison of Select Popular Smartwatches
• While Quartz Watches Continue to Lead, Mechanical Watches Market Gradually Gains Momentum
• Sports Watches: A Niche Segment Thriving on the Rising Importance of Health & Fitness

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/e485fo