Global Swim and Multisport Watch Market 2017-2021

This industry research report identifies CASIO COMPUTER, Garmin, SUUNTO, Swimovate, and Timex Group as the key vendors in the global swim and multisport watch market. This industry research report also presents a competitive analysis of the market by product type (multisport watches and swim watches), by retail format (online and offline channel), and by geography (the Americas, APAC, and EMEA).

Overview of the global swim and multisport watch market

Technavio's market study identifies the increased availability of multisport GPS-enabled smart watches with swimming, running dynamics, and connected features as one of the primary growth factors for the swim and multisport watch market.  The vendors in the market are launching multifunctional smart sports watches equipped with connected features that support swimming and running dynamics. Garmin Vivoactive offers built-in sports apps such as GPS-enabled running, biking, and golfing along with swimming and workout activity tracking and enables pairing to the smartphones of the users and displays alerts for several mobile apps. Additionally, the decreasing price of technology makes the products more affordable to the consumers. As a result, the market analysts estimate that the market will grow steadily at a CAGR of more than 6% by 2021.

The vendors are increasingly offering smart watches equipped with a wide range of advanced functionalities such as heart rate monitor, multisport tracking, and GPS capabilities at affordable rates to cater to the mass segment. The consumers that don?t prefer the advanced features can choose from several popular swim watches such as Garmin Swim and Swimovate PoolMate Live. The vendors are offering 2nd and 3rd generation watches making the older models affordable. The consumer preference is high for affordable smart multisport watches. The increased popularity of low-priced swim watches in mass segment is identified as one of the key trends that drives the growth of the swim and multisport watch market.

Competitive landscape and key vendors

The swim and multisport watch market is intensely fragmented due to the presence of several international and regional vendors competing based on factors such as price, quality, brand, and variety. The vendors focus on implementing different strategies such as launching innovative products line and product portfolio expansion to increase their market share. Also, the vendors are investing heavily in further R&D activities to launch innovative and sustainable swim and multisport watches.

The leading vendors in the market are -

• CASIO COMPUTER
• Garmin
• SUUNTO             
• Swimovate                        
• Timex Group

The other prominent vendors in the market are TomTom International, SOLEUS RUNNING, Bryton, Apple, Moov, Swimmo, Fitbit, Guangzhou Pasnew Industrial, and GUANGZHOU SKMEI WATCH.

Segmentation by product type and analysis of the swim and multisport watch market

• Multisport Watches
• Swim Watches

The consumer preference is significantly high for the multisport watches due to their additional functionalities such as GPS and ability to track the movement for various sports such as running, swimming, and cycling functions. The multisport watches can switch between sports that enhances the user interface and aids the user to stay motivated and monitor the workouts.

Geographical segmentation and analysis of the swim and multisport watch market

• Americas
• APAC
• EMEA

The Americas consist of established swimming and water sports infrastructure and active consumer groups with competitive swimming rapidly gaining consumer preference over other water sports. In addition, the rising health-consciousness of the consumers and the inclusion of new innovative functions, such as swim, run, and bike functions and GPS, will contribute to the growing preference for the swim and multisport watch market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global swim and multisport watch market?
• What are the key market trends impacting the growth of the global swim and multisport watch market?
• What are the challenges to market growth?
• Who are the key vendors in the global swim and multisport watch market?
• What are the market opportunities and threats faced by the vendors in the global swim and multisport watch market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global swim and multisport watch market?

Technavio also offers customization on reports based on specific client requirement.

This new report on the global swim watch market is an essential part of the consumer and retail portfolio under the fast-growing subdivision like general retail goods and services. This report aims at estimating the major trends and market drivers that induce the growth of the general retail goods and services industry.

The growing popularity of swimming as a fitness regime may influence the demand for swim watch in the coming years as predicted by our market specialists. Vendors like Garmin, Bryton, Fitbit, Soleus, Timex, WeGo, Casio, Guide, Swimovate, iRapid, Sportech, and PASNEW are covered under this upcoming industry research report on the global swim watch market. This industry research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape.

This upcoming market research report on the global swim watch market also offers insights into the challenges faced by this industry like price sensitive consumer in the mass segment. Technavio also provides insights into the sectors such as toys and baby products and apparel and textile. Furthermore, this report also presents visions into the competitive landscape and gives clients a realistic picture of the future direction of the industry.

Our market research methodology for the swim watch market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.