Watches and Clocks Global Market Report 2023: Pre-owned Luxury Watches Market Witnesses Robust Demand Worldwide
Sunday, April 16, 2023
DUBLIN, March 1, 2023 /PRNewswire/ -- The "Watches and Clocks: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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In the changed post COVID-19 business landscape, the global market for Watches and Clocks estimated at US$60.5 Billion in the year 2022, is projected to reach a revised size of US$81.5 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030. Quartz, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$52.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mechanical segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 5.1% CAGR
The Watches and Clocks market in the U.S. is estimated at US$12.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.2 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
What`s New for 2023?
-- Special coverage on Russia-Ukraine war; global inflation; easing of
zero-Covid policy in China and its `bumpy` reopening; supply chain
disruptions, global trade tensions; and risk of recession.
-- Global competitiveness and key competitor percentage market shares
-- Market presence across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and Research Platform
-- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Time: An Important Requirement for Mankind Since Time Immemorial
-- Watches & Clocks Market in a Nutshell
-- Global Watches and Clocks Market: Prospects and Outlook
-- Luxury Watches and Smartwatches Support Growth of Watches Market
-- Global Swiss Watch Market: Percentage Breakdown of Value and Unit Sales
by Material for 2019
-- While Developed Regions Lead Revenue Generation, Developing Regions
Emerge as Hot Spots of Future Growth
-- Prevailing Economic Conditions Impact Watches and Clocks Market Dynamics
-- Global Economic Outlook: Real GDP Growth Rates in % by Country/Region
for the Years 2019-2021
-- Leading Exporters of Swiss Watches Worldwide Ranked by Export Volume in
Units for 2019
-- Leading Watch Importing Nations Worldwide: Ranked by Import Value in US$
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
-- Watches: A Highly Competitive Marketplace
-- Top Global Watch Brands
-- Key Competitors in the Luxury Watches Domain
-- Smartwatches: Apple Continues to Lead the Market
-- Global Smartwatch Market: Percentage Breakdown of Unit Shipments by
Company for 2019
-- Sports & Fitness Watches Market
-- Global Sports Watches Market: Percentage Breakdown of Sales by Leading
Companies for 2019
-- Global Swim Watches Market: Percentage Breakdown of Sales by Leading
Companies Brand for 2019
-- Social Media Evolves into Core Business Tool for Vendors
-- Watch Brands Expand Presence into Online Retail Channel
-- Mobile e-Commerce: A Game Changer
-- Collaborations on the Rise
-- Recent Market Activity
-- Watches and Clocks - Global Key Competitors Percentage Market Share in
2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Luxury Watches: A Strong Growth Driver for the Watch Market
-- Luxury Watch Market in the US: Percentage Breakdown of Value Sales by
Product for 2019 and 2025
-- Swiss Watches: The Primary Luxury Watch Category
-- Affluent Millennials Transform Luxury Watches Market
-- Global Millennial Population Facts & Figures: Important Opportunity
Indicators
-- 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
-- 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
-- Global Sports Watches Market: Shipments in Million Units for the Years
2017, 2019, 2021 and 2023
-- Popular GPS-based Sports Watches
-- Vintage Watches: A Lucrative Market with Huge Market Potential
-- Multiple Advantages Offered for Designers in Creating Prototypes
Promotes Demand for 3D Printing in Watchmaking
-- Notable Trends Influencing Watch Designs
-- Growing Appeal of Colors
-- Blue: Bridging Traditional with Modern
-- Green Draws Color Experimentation
-- Return of Two-Tone Watches and Bronze Shade
-- Versatility: An Important Feature
-- Timepieces Become Gender Neutral
-- Retro Style and Small Vintage Watches in Fashion
-- Small Watches Make a Comeback
-- Use of Sophisticated Composites on the Rise
-- Sustainability Gains Importance
-- Classic Three-Hand Watches
-- Watches with Dazzling Gems
-- Issues & Challenges
-- Counterfeiting: The Perpetual Problem for Watches and Clocks Industry
-- Traditional Watch Companies Face the Rising Threat of Design Copying
-- Innovation & Advancements Drives Watches & Clocks Market
-- Design Innovations in Watches: A Review of Latest Trends
-- Innovations in Mechanical Watchmaking
-- An Insight into Top Innovative Watches of Recent Times
-- Luxury Watch Innovations: A Never Ending Saga
-- Innovation Becomes Imperative Amid Growing Threat from Smartwatches
-- Luxury Watches Embrace Digital and Dual Display Designs
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report include:
-- 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
For more information about this report visit https://www.researchandmarkets.com/r/ohb1fa
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