Swim and multisport watch market size to grow by USD 63.83 million from 2022 to 2027, Partnerships and strategic alliances to be a key trend - Technavio

NEW YORK, April 17, 2023 /PRNewswire/ -- Technavio has been monitoring the swim and multisport watch market, and it is expected to grow by USD 63.83 million during the five-year forecast period. As per the latest report, the market will progress at a CAGR of 6.39% during 2022-2027. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. Partnerships and strategic alliances are key trends in the market. Vendors are focusing on expanding their businesses through strategic alliances. Major vendors are acquiring regional businesses to expand product offerings. For instance, in July 2022, Polar Electro partnered with LiveWell, Zurich Insurance Group (Zurich). Such alliances will support the growth of the market during the forecast period. Download the latest sample report!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., ANTA Sports Products Ltd., Apple Inc., Bryton Inc., Casio Computer Co. Ltd., COROS Wearables Inc., Garmin Ltd., Guangzhou Pasnew Industrial Co. Ltd., Guangzhou SKMEI Watch Co., Ltd., Moov Inc., Nexxbase Marketing Pvt. Ltd., Polar Electro Oy, SENBONO STORE, Soleus,  Swimmo Inc., Swimovate Ltd., Timex Group, TomTom NV, Wahoo Fitness LLC, and  Zepp Health Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

Rapid advances in the semiconductor industry are boosting the growth of the global swim and multisport watch market. Consumers are looking for products with additional features using advanced technologies. Technological advances in electronic components are creating new opportunities for manufacturers to develop small, compact, and low-power-consuming watches. Manufacturers are introducing smartwatches with advanced health features such as blood oxygen sensors, SpO₂ sensors, stress monitors, electrocardiograms, and calorie counters. Therefore, the development of wearable electronic devices, including swim and multisport watches, is driving the growth of the market.

Swim and Multisport Watch Market 2023-2027: Segmentation

• Distribution channel 
• Offline
• Online
• Geography 
• North America
• Europe
• APAC
• Middle East And Africa
• South America

The multisport watches segment will account for a significant share of the market growth during the forecast period. Multisport watches are characterized by high functionality, durability, and water resistance. Sports watches are easy to read and are shock and scratch resistant. The increasing population of health-conscious consumers is expected to fuel the demand for swim and multisport watches. Advances in technology, such as Internet of Things (IoT), have led to the development of GPS-enabled smartwatches. Major smartwatch manufacturers are forming strategic partnerships and expanding their reach to different geographies to remain competitive in the market. These factors will drive the growth of the segment during the forecast period.

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Swim and Multisport Watch Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our swim and multisport watch market report covers the following areas:

• Swim and multisport watch market size
• Swim and multisport watch market trends
• Swim and multisport watch market industry analysis
• Swim and multisport watch market five forces analysis
• Swim and multisport watch market competitive landscape

Market fragmentation and price-sensitive consumers are challenging the growth of the global swim and multisport watch market. The market is very fragmented due to the existence of numerous well-established and regional competitors. The mass market and mid-range swim and multisport watches market is highly price-sensitive. Multisport and swim watches are available at reasonable prices due to low-cost manufacturing in countries such as China. As a result, competitors face a pricing-related challenge. These factors will impede market growth during the forecast period.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/active/niche/trivial - Buy the report!

Swim and Multisport Watch Market 2023-2027: Vendor Analysis

Backed with competitive intelligence and benchmarking, our research reports on the swim and multisport watch market are designed to provide entry support, customer profile, and M&As, as well as go-to-market strategy support. The key offerings of some vendors are listed below:

• Alphabet Inc. - The company offers swim and multisport watches such as Fitbit Versa 3.
• Apple Inc. - The company offers swim and multisport watches such as Apple Watch Ultra.
• Casio Computer Co. Ltd. - The company offers swim and multisport watches such as G Shock full metal GMW B5000TCC-1.e

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Swim and Multisport Watch Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist swim and multisport watch market growth during the next five years
• Estimation of the swim and multisport watch market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the swim and multisport watch market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of swim and multisport watch market vendors

Related Reports

• The watch market is estimated to grow at a CAGR of 2.62% between 2022 and 2027. The size of the market is forecasted to increase by USD 9,626.37 million. This report extensively covers market segmentation by product (quartz and mechanical), distribution channel (offline and online), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
• The luxury watch market size is estimated to grow at a CAGR of 1.61% between 2022 and 2027. The market size is forecasted to increase by USD 2,910.23 million. This luxury watch market report extensively covers market segmentation by end-user (men and women), distribution channel (offline and online), and geography (Europe, North America, APAC, Middle East and Africa, and South America).

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Table of Contents:

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 Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global swim and multisport watch market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global swim and multisport watch market 2017 - 2021 ($ million)

• 4.2 Product type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Multisport watches - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Multisport watches - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Multisport watches - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Multisport watches - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Multisport watches - Year-over-year growth 2022-2027 (%)

• 6.4 Swim watches - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Swim watches - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Swim watches - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Swim watches - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Swim watches - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product Type 
• Exhibit 42: Market opportunity by Product Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Product Type ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 56: Market opportunity by Distribution Channel ($ million)
• Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Italy - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Italy - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Italy - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Alphabet Inc.
• Exhibit 111: Alphabet Inc. - Overview
• Exhibit 112: Alphabet Inc. - Business segments
• Exhibit 113: Alphabet Inc. - Key news
• Exhibit 114: Alphabet Inc. - Key offerings
• Exhibit 115: Alphabet Inc. - Segment focus

• 12.4 ANTA Sports Products Ltd. 
• Exhibit 116: ANTA Sports Products Ltd. - Overview
• Exhibit 117: ANTA Sports Products Ltd. - Business segments
• Exhibit 118: ANTA Sports Products Ltd. - Key news
• Exhibit 119: ANTA Sports Products Ltd. - Key offerings
• Exhibit 120: ANTA Sports Products Ltd. - Segment focus

• 12.5 Apple Inc.
• Exhibit 121: Apple Inc. - Overview
• Exhibit 122: Apple Inc. - Business segments
• Exhibit 123: Apple Inc. - Key news
• Exhibit 124: Apple Inc. - Key offerings
• Exhibit 125: Apple Inc. - Segment focus

• 12.6 Bryton Inc.
• Exhibit 126: Bryton Inc. - Overview
• Exhibit 127: Bryton Inc. - Product / Service
• Exhibit 128: Bryton Inc. - Key offerings

• 12.7 Casio Computer Co. Ltd. 
• Exhibit 129: Casio Computer Co. Ltd. - Overview
• Exhibit 130: Casio Computer Co. Ltd. - Business segments
• Exhibit 131: Casio Computer Co. Ltd. - Key news
• Exhibit 132: Casio Computer Co. Ltd. - Key offerings
• Exhibit 133: Casio Computer Co. Ltd. - Segment focus

• 12.8 Garmin Ltd.
• Exhibit 134: Garmin Ltd. - Overview
• Exhibit 135: Garmin Ltd. - Business segments
• Exhibit 136: Garmin Ltd. - Key offerings
• Exhibit 137: Garmin Ltd. - Segment focus

• 12.9 Guangzhou Pasnew Industrial Co. Ltd. 
• Exhibit 138: Guangzhou Pasnew Industrial Co. Ltd. - Overview
• Exhibit 139: Guangzhou Pasnew Industrial Co. Ltd. - Product / Service
• Exhibit 140: Guangzhou Pasnew Industrial Co. Ltd. - Key offerings

• 12.10 Guangzhou SKMEI Watch Co., Ltd. 
• Exhibit 141: Guangzhou SKMEI Watch Co., Ltd. - Overview
• Exhibit 142: Guangzhou SKMEI Watch Co., Ltd. - Product / Service
• Exhibit 143: Guangzhou SKMEI Watch Co., Ltd. - Key offerings

• 12.11 Moov Inc.
• Exhibit 144: Moov Inc. - Overview
• Exhibit 145: Moov Inc. - Product / Service
• Exhibit 146: Moov Inc. - Key offerings

• 12.12 SENBONO STORE
• Exhibit 147: SENBONO STORE - Overview
• Exhibit 148: SENBONO STORE - Product / Service
• Exhibit 149: SENBONO STORE - Key offerings

• 12.13 Soleus
• Exhibit 150: Soleus - Overview
• Exhibit 151: Soleus - Product / Service
• Exhibit 152: Soleus - Key offerings

• 12.14 Swimmo Inc.
• Exhibit 153: Swimmo Inc. - Overview
• Exhibit 154: Swimmo Inc. - Product / Service
• Exhibit 155: Swimmo Inc. - Key offerings

• 12.15 Swimovate Ltd.
• Exhibit 156: Swimovate Ltd. - Overview
• Exhibit 157: Swimovate Ltd. - Product / Service
• Exhibit 158: Swimovate Ltd. - Key offerings

• 12.16 Timex Group
• Exhibit 159: Timex Group - Overview
• Exhibit 160: Timex Group - Product / Service
• Exhibit 161: Timex Group - Key offerings

• 12.17 TomTom NV
• Exhibit 162: TomTom NV - Overview
• Exhibit 163: TomTom NV - Business segments
• Exhibit 164: TomTom NV - Key offerings
• Exhibit 165: TomTom NV - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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