Watches and Clocks Global Market Report 2023: Pre-owned Luxury Watches Market Witnesses Robust Demand Worldwide

DUBLIN, March 1, 2023 /PRNewswire/ -- The "Watches and Clocks: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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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