The Europe watch market was valued at USD 26.19 billion for the current year and is projected to register a CAGR of 5.31% over the next five years.
The European watch market is moderately fragmented, with various players trying to grab the major market share. Major players in the market are focused on social media platforms and online distribution channels for their product's online marketing and branding to attract more customers. Also, players operating in the region focus on leveraging the opportunities posed by innovation in the market to expand their product portfolio so that they can cater to the requirements of various product segments, especially within the integrated analog and smartwatch segments. Players like Citizen Watch, Seiko Holdings Corporation, Rolex SA, Compagnie Financire Richemont SA, The Swatch Group Ltd, and Fossil Group Inc. dominate the market.
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