Global Wristwatch Market 2024-2028
The wristwatch market is forecasted to grow by USD 22,880.9 mn during 2023-2028, accelerating at a CAGR of 5.94% during the forecast period. The report on the wristwatch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for premium watches, recent developments in the wrist watch industry, and rising number of partnerships and strategic alliances.
Technavio's wristwatch market is segmented as below:
By Distribution Channel
By Type
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rising fashion trend of wearing stylish wrist watches among youth as one of the prime reasons driving the wristwatch market growth during the next few years. Also, rise in adoption of smart watches and integration of advanced technologies in wrist watches will lead to sizable demand in the market.
The report on the wristwatch market covers the following areas:
- Wristwatch market sizing
- Wristwatch market forecast
- Wristwatch market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wristwatch market vendors that include Apple Inc., CASIO Computer Co. Ltd., Le petit fils de L.U. Chopard and Cie SA, Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, DIFFUSIONE ITALIANA PREZIOSI S.P.A, Fossil Group Inc., LVMH Moet Hennessy Louis Vuitton SE, Magnus Brand, Patek Philippe SA, Rolex SA, Samsung Electronics Co. Ltd., Seiko Holdings Corp., SUED Watches, Talley and Twine Watches LLC, The Swatch Group Ltd., Titan Co. Ltd., Breitling SA, Jaeger LeCoultre, and ASOROCK Watches LLC. Also, the wristwatch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.