Global Watches and Clocks Market Report to 2027 – Luxury Watches Driving Industry Growth – ResearchAndMarkets.com

The “Watches and Clocks – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global watch and clock market estimated at US$60.5 billion in 2020 is expected to reach a revised size of US$73.4 billion by 2027, with growth at a CAGR of 2.8% over the period 2020-2027.

Quartz, one of the segments analyzed in the report, is expected to register a CAGR of 2.3% and reach US$48.1 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Mechanical segment is readjusted to a revised CAGR of 3.9% for the next 7-year period.

The US market is estimated at $12.3 billion, while China is expected to grow at a CAGR of 4%

The United States watches and clocks market is estimated to be worth US$12.3 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$7.9 billion by 2027 , growing at a CAGR of 4% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each predicting growth of 1.9% and 2.5% respectively over the period 2020- 2027. In Europe, Germany is expected to grow at a CAGR of around 2.4%.

Select competitors (329 total featured) –

  • Apple Inc.

  • Audemars Piguet Holding S.A.

  • Breitling S.A.

  • Casio Computer Co., Ltd.

  • Chelsea Clock Society

  • Chopard

  • Citizen Watch Co., Ltd.

  • Bulova Corporation

  • Frederique Constant SA

  • Citychamp Watch & Jewelery Group Limited

  • Financial Company Richemont SA

  • Cartier International SNC

  • Montblanc-Simplo GmbH

  • Fossil Group, Inc.

  • Garmin Ltd.

  • Google Inc.

  • Hermes International SA

  • Howard Miller

  • Kering

  • Gucci Group

  • LVMH Moet Hennessy Louis Vuitton SA

  • Bulgari Spa

  • TAG Heuer International SA

  • Movado Group, Inc.

  • Patek Philippe S.A.

  • Rhythm Watch Co., Ltd.

  • Rolex S.A.

  • Samsung Electronics Co., Ltd.

  • Seiko Holdings Corporation

  • The Swatch Group Ltd.

  • Omega

  • Tissot S.A.

  • Timex Group USA, Inc.

  • Timex Group India Ltd.

  • Titan Industries Ltd.

  • Uhrenfabrik Junghans GmbH & CO.KG

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global Market Trajectories

  • An introduction to clocks and watches

  • Clocks

  • Watches

  • Time: an important requirement for mankind since time immemorial

  • The watch and clock market in brief

  • Global Watches and Clocks Market: Outlook and Prospects

  • Global watch market by price category (in %) for 2019

  • Luxury watches and smartwatches support watch market growth

  • Global Swiss Watch Market: Percentage Breakdown of Value and Unit Sales by Material for 2019

  • As developed regions lead revenue generation, developing regions emerge as hotspots for future growth

  • Current economic conditions are impacting the dynamics of the watches and clocks market

  • Global economic outlook: real GDP growth rate in % by country/region for the years 2019-2021

  • Import export data

  • Top Swiss Watch Exporters Worldwide Ranked by Export Volume in Units for 2019

  • Top watch importing countries in the world: ranked by import value in billion US dollars for the year 2019

  • Impact of COVID-19 and the impending economic recession

  • Luxury Wristwatch Market Set to Decline Amid COVID-19 Crisis

  • Online channels: a possible way out for luxury watchmakers

  • The smartwatch industry and the COVID-19 crisis

  • Competitive landscape

  • Watches: a highly competitive market

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Luxury watches: a strong growth driver for the watch market

  • High population of millionaires drives demand for luxury watches: number of millionaires in thousands for selected countries in 2019

  • U.S. Luxury Watch Market: Percentage Breakdown of Sales Value by Product for 2019 and 2025

  • Global luxury watch market: percentage breakdown of sales by distribution channel for 2019

  • Swiss watches: the main category of luxury watches

  • World exports of Swiss watches: percentage breakdown of export value by region for 2019

  • Global Swiss Watch Exports: Percentage Breakdown of Export Volume and Value by Type for 2019

  • Affluent millennials are transforming the luxury watch market

  • Facts and Figures on the Global Millennial Population: Important Indicators of Opportunity

  • World distribution of the generation Y population by region (in %): 2018

  • Millennial population as a percentage (%) of total population in developing countries: 2018

  • High potential for the high-end classic watch market

  • The second-hand luxury watch market shows strong demand worldwide

  • Luxury market: an indicator of opportunity for sales of luxury watches

  • Sales of luxury goods worldwide in billion US dollars for the years 2019, 2021, 2023 and 2025

  • Global Personal Luxury Goods Market: Revenue Percentage Breakdown by Region for Years 2019 and 2025

  • Global Luxury Goods Market: Percentage Breakdown of Revenue by Product Category for 2019

  • Luxury brands even differentiate themselves in digital transition efforts

  • The popularity of smart wristbands for digitally connected and mobile people bodes well for the smartwatch market

  • Global smartwatch market: shipments in millions of units for the years 2019, 2021, 2023 and 2025

  • Growth factors and challenges in brief

  • A comparison of some popular smartwatches

  • As quartz watches continue to dominate, the mechanical watch market is gradually gaining momentum

  • Sports watches: a thriving niche segment thanks to the growing importance of health and fitness

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/e485fo

About Robert L. Thomas

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