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Wristwatch Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2022
  • Pages: 123
  • SKU: IRTNTR74621
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The wristwatch market share is expected to increase by USD 19.28 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.5%.

This wristwatch market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the wristwatch market segmentation by type (quartz, digital, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The wristwatch market report also offers information on several market vendors, including ASOROCK Watches LLC, CASIO Computer Co. Ltd., Chopard Group, Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, DIFFUSIONE ITALIANA PREZIOSI S.P.A, Fossil Group Inc., Magnus Brand, OMEGA Ltd., Patek Philippe SA, Rado Watch Co. Ltd., Rolex SA, Seiko Holdings Corp., SUED Watches, Talley & Twine Watches LLC, The Swatch Group Ltd., and Titan Co. Ltd. among others.

What will the wristwatch Market Size be During the Forecast Period?

Wrist Watch Market Size

Download Report Sample to Unlock the wristwatch Market Size for the Forecast Period and Other Important Statistics

 

wristwatch Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global wristwatch market. During the COVID-19 pandemic, the demand in the wristwatch market has been impacted significantly, but a holistic analysis of drivers will help in estimating exact demands and refining marketing strategies to gain a competitive advantage.

Key wristwatch Market Driver

The rising demand for premium watches is a key factor driving the global wristwatch market growth. Vendors operating in the apparel, accessories, and luxury goods industry are constantly focusing on R&D activities and innovations to survive in the competitive market environment. Major product innovations are leading to premiumization in terms of technologies, performance, features, and designs. Customers prefer watches with premium designs. To meet such evolving customer needs, vendors continuously innovate their product ranges and expand their product lines. Vendors are continuously introducing watches with premium finishes by using different raw materials, such as magnesium, polyether ether ketone (PEEK), ceramic, ceramic matrix composite (CMC), ferrite, and carbon fiber. The use of such raw materials leads to product premiumization. The rising purchasing power and the increasing disposable income of customers are resulting in a rise in spending on fashion accessories. This is propelling the demand for premium fashion accessories and supporting the growth of the wristwatch market. Therefore, increasing product premiumization, coupled with the growing customer spending on fashion accessories, including watches, will drive value sales in the wristwatch market during the forecast period.

Key wristwatch Market Trend

The growth in online retail activities will fuel the global wristwatch market growth. The increased penetration of the Internet and access to it using personal computers, smartphones, and tablets have led to the popularity of online platforms for buying products across all categories, including watches. Time-strapped consumers seek the convenience of all-day access to the Internet and website, low prices, and the ability to compare features that online shopping offers. Also, the online nature of the business means that the overhead costs are lower, which translates to more lucrative and competitive online pricing. The Internet has become an important channel for the sales and marketing of wristwatches. Consumers can buy wristwatches that have high value for money through online platforms such as Amazon and the official websites of vendors, such as fossil.com. The growing popularity of online platforms is also gaining traction in developing countries such as China. Vendors of products, such as wristwatches had strong sales through Internet retailing, and this trend is expected to drive market growth during the forecast period.

Key wristwatch Market Challenge

The increased availability of counterfeit products is the major challenge to the global wristwatch market growth. The increased availability of counterfeit products is hindering the growth of the global wristwatch market. With the growing demand for wristwatches, manufacturers are finding it difficult to deal with the proliferation of counterfeit wristwatch products. Such products not only affect the actual brands in terms of revenue but also negatively affect the goodwill of the original brands. Most counterfeit products are imitations of products from luxury brands that have a high brand value. The price of counterfeit wristwatches is less than that of the original brands. Many retailers are also selling wristwatches online at low prices. However, the products lack quality and are preferred by consumers in the low-income segment. Therefore, market vendors fail to achieve optimal market penetration. Over the years, counterfeiting has been one of the major problems for the wristwatch industry. Organizations such as the Federation of the Swiss Watch Industry are fighting against this issue. The continuous change in vendors' profit margins acts as a major challenge for the growth of the global wristwatch market during the forecast period.

This wristwatch market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global wristwatch market as a part of the global apparel, accessories, and luxury goods market within the textiles, apparel, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wristwatch market during the forecast period.

Who are the Major wristwatch Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ASOROCK Watches LLC
  • CASIO Computer Co. Ltd.
  • Chopard Group
  • Citizen Watch Co. Ltd.
  • Compagnie Financiere Richemont SA
  • DIFFUSIONE ITALIANA PREZIOSI S.P.A
  • Fossil Group Inc.
  • Magnus Brand
  • OMEGA Ltd.
  • Patek Philippe SA
  • Rado Watch Co. Ltd.
  • Rolex SA
  • Seiko Holdings Corp.
  • SUED Watches
  • Talley & Twine Watches LLC
  • The Swatch Group Ltd.
  • Titan Co. Ltd.

 

This statistical study of the wristwatch market encompasses successful business strategies deployed by the key vendors. The wristwatch market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market

Product Insights and News

  • chopard.com - The company offers wristwatches such as Happy Sport, Alpine Eagle, and Happy Diamonds Icons.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The wristwatch market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

wristwatch Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wristwatch market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global apparel, accessories, and luxury goods market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the wristwatch Market?

Wrist Watch Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the wristwatch market in APAC. Market growth in this region will be slower than the growth of the market in other regions.

The rising demand for premium watches will facilitate the wristwatch market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively impacted the growth of major industries, such as manufacturing and production, and that of major players operating in the regional market. Several countries in the region were affected by the COVID-19 pandemic. In 2020, several countries in North America were forced to impose lockdowns to contain the spread of the disease. Manufacturing operations and supply chains for consumer electronics, such as wristwatches, were halted. However, in the first half of 2021, manufacturing and supply chain activities resumed, owing to the ramping up of vaccination drives across the region. Thus, the demand for wristwatches in the region is expected to increase during the forecast period.

What are the Revenue-generating Type Segments in the wristwatch Market?

Wrist Watch Market Share

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The wristwatch market share growth by the quartz segment will be significant during the forecast period. A wide range of quartz watches is offered in the market in both digital and analog modes. Some vendors that offer quartz watches include Casio, Citizen, and Fossil. The majority share of the quartz watch segment is held by analog quartz watches that are available in the market in different styles, price ranges, and designs. Growing fashion trends and an increase in the disposable household income of people across the world will propel the growth of the market during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the wristwatch market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Wristwatch Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.5%

Market growth 2022-2026

$19.28 billion

Market structure

Fragmented

YoY growth (%)

4.35

Regional analysis

North America, APAC, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ASOROCK Watches LLC, CASIO Computer Co. Ltd., Chopard Group, Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, DIFFUSIONE ITALIANA PREZIOSI S.P.A, Fossil Group Inc., Magnus Brand, OMEGA Ltd., Patek Philippe SA, Rado Watch Co. Ltd., Rolex SA, Seiko Holdings Corp., SUED Watches, Talley & Twine Watches LLC, The Swatch Group Ltd., and Titan Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this wristwatch Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wristwatch market growth during the next five years
  • Precise estimation of the wristwatch market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wristwatch industry across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wristwatch market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Quartz - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Quartz - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Quartz - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Quartz - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Quartz - Year-over-year growth 2021-2026 (%)
    • 5.4 Digital - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Digital - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Digital - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Digital - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Digital - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Chopard Group
              • Exhibit 93: Chopard Group - Overview
              • Exhibit 94: Chopard Group - Product / Service
              • Exhibit 95: Chopard Group - Key offerings
            • 10.4 Citizen Watch Co. Ltd.
              • Exhibit 96: Citizen Watch Co. Ltd. - Overview
              • Exhibit 97: Citizen Watch Co. Ltd. - Business segments
              • Exhibit 98: Citizen Watch Co. Ltd. - Key offerings
              • Exhibit 99: Citizen Watch Co. Ltd. - Segment focus
            • 10.5 Compagnie Financiere Richemont SA
              • Exhibit 100: Compagnie Financiere Richemont SA - Overview
              • Exhibit 101: Compagnie Financiere Richemont SA - Business segments
              • Exhibit 102: Compagnie Financiere Richemont SA - Key offerings
              • Exhibit 103: Compagnie Financiere Richemont SA - Segment focus
            • 10.6 Fossil Group Inc.
              • Exhibit 104: Fossil Group Inc. - Overview
              • Exhibit 105: Fossil Group Inc. - Business segments
              • Exhibit 106: Fossil Group Inc. - Key offerings
              • Exhibit 107: Fossil Group Inc. - Segment focus
            • 10.7 Patek Philippe SA
              • Exhibit 108: Patek Philippe SA - Overview
              • Exhibit 109: Patek Philippe SA - Product / Service
              • Exhibit 110: Patek Philippe SA - Key offerings
            • 10.8 Rado Watch Co. Ltd.
              • Exhibit 111: Rado Watch Co. Ltd. - Overview
              • Exhibit 112: Rado Watch Co. Ltd. - Product / Service
              • Exhibit 113: Rado Watch Co. Ltd. - Key offerings
            • 10.9 Rolex SA
              • Exhibit 114: Rolex SA - Overview
              • Exhibit 115: Rolex SA - Product / Service
              • Exhibit 116: Rolex SA - Key offerings
            • 10.10 Seiko Holdings Corp.
              • Exhibit 117: Seiko Holdings Corp. - Overview
              • Exhibit 118: Seiko Holdings Corp. - Business segments
              • Exhibit 119: Seiko Holdings Corp. - Key offerings
              • Exhibit 120: Seiko Holdings Corp. - Segment focus
            • 10.11 The Swatch Group Ltd.
              • Exhibit 121: The Swatch Group Ltd. - Overview
              • Exhibit 122: The Swatch Group Ltd. - Business segments
              • Exhibit 123: The Swatch Group Ltd. - Key offerings
              • Exhibit 124: The Swatch Group Ltd. - Segment focus
            • 10.12 Titan Co. Ltd.
              • Exhibit 125: Titan Co. Ltd. - Overview
              • Exhibit 126: Titan Co. Ltd. - Business segments
              • Exhibit 127: Titan Co. Ltd. - Key offerings
              • Exhibit 128: Titan Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Wrist Watch market growth will increase by $19.28 billion during 2022-2026.
              The wrist watch market is expected to grow at a CAGR of 5.5% during 2022-2026.
              Technavio has segmented the wrist watch market by type (quartz, digital, and others) and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
              ASOROCK Watches LLC, CASIO Computer Co. Ltd., Chopard Group, Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, DIFFUSIONE ITALIANA PREZIOSI S.P.A, Fossil Group Inc., Magnus Brand, OMEGA Ltd., Patek Philippe SA, Rado Watch Co. Ltd., Rolex SA, Seiko Holdings Corp., SUED Watches, Talley and Twine Watches LLC, The Swatch Group Ltd., Titan Co. Ltd. are a few of the key vendors in the wrist watch market.
              APAC will register the highest growth rate of 32.52% among the other regions. Therefore, the wrist watch market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the wrist watch market growth are:
              • Rising demand for premium watches
              • Growth in online retail
              The wrist watch market vendors should focus on grabbing business opportunities from the quartz segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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