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The Global Watch Market stood at USD58.28 billion in 2020 and is expected to grow at a double-digit CAGR of over 12% during the forecast period. The Global Watch Market is driven by increasing disposable income especially in developing countries and rising consumer awareness towards a fit and healthy lifestyle, thus giving boost to the wearable industry post COVID-19. Many of the smartwatches include attributes that have been useful for sports enthusiasts as well as a shifting focus of people towards a healthy lifestyle, which will help the Global Watch Market to grow during the forecast period.Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The Global Watch Market is segmented into product type, distribution channel, end-user, company, and region. In product type, analog watch dominated the Global Watch Market and is expected to maintain its lead during the projected period, based on product availability with new styles and the presence of multiple companies in this segment. With shifting focus towards a fit and healthy lifestyle, the demand for fitness watches is expected to grow at a faster pace during the projected years. However, analog watches are still preferred by consumers in the wedding season and with formal attire in business meetings. It is also found that there would be a higher demand for unisex watches, with new watch launches that can be worn by both men and women.
Regionally, the watch market has been segmented in regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is the leading market followed by Europe and Asia-Pacific. Asia-Pacific is the fastest growing market on the account of rising disposable income, especially in developing nations with the growing number of working population.
The major players operating in the Global Watch Market are Apple Inc., The Swatch Group Ltd, Casio Computer Co. Ltd, Citizen Watch Co. Ltd, Fossil Group Inc., Titan company Limited, Seiko Holdings Corp., Samsung Electronics Co., Ltd., Timex Group USA, Inc., Movado Group Inc., and others. Major companies are focusing on product development and launching new products with advanced features to stay competitive in the market. For instance, Samsung has recently launched the Samsung Galaxy Watch 3 which can monitor blood pressure, blood oxygen saturation, and heart rate in addition to several other metrics. It could also take an ECG reading. Apple has also launched the Apple Watch Series 6 with almost similar features. Mergers and acquisitions and new service developments are some of the competitive strategies adopted by the companies in the Global Watch Market.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in the market size of the Global Watch Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Watch Market from 2021 to 2026 and growth rate until 2026.
- To define, classify and forecast the Global Watch Market based on product type, distribution channel, end-user, company, and region.
- To identify the dominant region or segment in the Global Watch Market.
- To identify drivers and challenges for the Global Watch Market.
- To examine competitive developments such as expansion, new product launches, mergers and acquisitions, etc. in the Global Watch Market.
- To identify and analyze the profile of leading players operating in the Global Watch Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher was able to include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of the Global Watch Market by using a bottom-up approach, wherein data for various end-user segments were recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these products and end-user for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied.
Key Target Audience:
- Watch manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
- Organizations, forums and alliances related to watch manufacturers
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Watch Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Watch Market, By Product Type:
- Digital Watch
- Analog watch
- Fitness watch
Global Watch Market, By Distribution Channel:
- Online
- Offline
Global Watch Market, By End-Users:
- Male
- Female
- Unisex
Global Watch Market, By Company:
- Apple Inc.
- The Swatch Group Ltd
- Casio Computer Co., Ltd
- Citizen Watch Co. Ltd.
- Fossil Group Inc.
- Others
Global Watch Market, By Region:
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
Competitive Landscape:
Company Profiles: Detailed analysis of the major companies present in the Global Watch Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Impact of COVID-19 on Global Watch Market
4. Executive Summary
5. Voice of Customer
5.1. Factors Affecting Purchasing Decision
5.2. Brand Awareness
5.3. Challenges Faced Post Purchasing
6. Global Watch Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Digital Watch, Analog Watch and Fitness Watch)
6.2.2. By Distribution Channel (Online and Offline)
6.2.3. By End User (Male, Female and Unisex)
6.2.4. By Company (2020)
6.2.5. By Region
6.3. Market Map
7. Asia-Pacific Watch Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Distribution Channel
7.2.3. By End-User
7.2.4. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. Japan Watch Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Distribution Channel
7.3.1.2.3. By End-User
7.3.2. China Watch Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Distribution Channel
7.3.2.2.3. By End-User
7.3.3. India Watch Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Distribution Channel
7.3.3.2.3. By End-User
7.3.4. South Korea Watch Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Distribution Channel
7.3.4.2.3. By End-User
7.3.5. Indonesia Watch Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Distribution Channel
7.3.5.2.3. By End-User
8. Europe Watch Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Distribution Channel
8.2.3. By End-User
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. France Watch Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Distribution Channel
8.3.1.2.3. By End-User
8.3.2. Germany Watch Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Distribution Channel
8.3.2.2.3. By End-User
8.3.3. United Kingdom Watch Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Distribution Channel
8.3.3.2.3. By End-User
8.3.4. Italy Watch Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product Type
8.3.4.2.2. By Distribution Channel
8.3.4.2.3. By End-User
8.3.5. Spain Watch Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product Type
8.3.5.2.2. By Distribution Channel
8.3.5.2.3. By End-User
9. North America Watch Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Distribution Channel
9.2.3. By End-User
9.2.4. By Country
9.3. North America: Country Analysis
9.3.1. United States Watch Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Distribution Channel
9.3.1.2.3. By End-User
9.3.2. Canada Watch Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Distribution Channel
9.3.2.2.3. By End-User
9.3.3. Mexico Watch Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Distribution Channel
9.3.3.2.3. By End-User
10. South America Watch Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Distribution Channel
10.2.3. By End-User
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Watch Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product Type
10.3.1.2.2. By Distribution Channel
10.3.1.2.3. By End-User
10.3.2. Argentina Watch Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product Type
10.3.2.2.2. By Distribution Channel
10.3.2.2.3. By End-User
10.3.3. Colombia Watch Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By Distribution Channel
10.3.3.2.3. By End-User
11. Middle East and Africa Watch Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Distribution Channel
11.2.3. By End-User
11.2.4. By Country
11.3. MEA: Country Analysis
11.3.1. South Africa Watch Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product Type
11.3.1.2.2. By Distribution Channel
11.3.1.2.3. By End-User
11.3.2. Saudi Arabia Watch Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Product Type
11.3.2.2.2. By Distribution Channel
11.3.2.2.3. By End-User
11.3.3. UAE Watch Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product Type
11.3.3.2.2. By Distribution Channel
11.3.3.2.3. By End-User
11.3.4. Iran Watch Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Product Type
11.3.4.2.2. By Distribution Channel
11.3.4.2.3. By End-User
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Apple Inc.
14.2.2. The Swatch Group Ltd
14.2.3. Casio Computer Co., Ltd
14.2.4. Citizen Watch Co. Ltd.
14.2.5. Fossil Group Inc.
14.2.6. Titan company Limited
14.2.7. Seiko Holdings Corp.
14.2.8. Samsung Electronics Co., Ltd
14.2.9. Timex Group USA, Inc
14.2.10. Movado Group Inc
15. Strategic Recommendations
16. About the Publisher & DisclaimerList of Figures
Figure 1: Global Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 2: Global Population (Billion), 2016-2020
Figure 3: Global Watch Market Share, By Product type, By Value, 2016-2026F
Figure 4: Global Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 5: Global Watch Market Share, By End User, By Value, 2016-2026F
Figure 6: Global Watch Market Share, By Company, By Value, 2020
Figure 7: Global Watch Market Share, By Region, By Value, 2020 & 2026F
Figure 8: Market Map, By Product type Market Size (USD Billion) & Growth Rate (%), 2020
Figure 9: Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2020
Figure 10: North America Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 11: North America Population (Billion), By Country, 2016-2020
Figure 12: North America Watch Market Share, By Product type, By Value, 2016-2026F
Figure 13: North America Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 14: North America Watch Market Share, By End User, By Value, 2016-2026F
Figure 15: North America Watch Market Share, By Country, By Value, 2020 & 2026F
Figure 16: United States Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 17: United States Population, 2016-2020 (Billion)
Figure 18: United States Watch Market Share, By Product type, By Value, 2016-2026F
Figure 19: United States Watch Market Share, By Distribution channel, By Value, 2016-2026F
Figure 20: United States Watch Market Share, By End User, By Value, 2016-2026F
Figure 21: Canada Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 22: Canada Population, 2016-2020 (Billion)
Figure 23: Canada Watch Market Share, By Product type, By Value, 2016-2026F
Figure 24: Canada Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 25: Canada Watch Market Share, By End User, By Value, 2016-2026F
Figure 26: Mexico Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 27: Mexico Population, 2016-2020 (Billion)
Figure 28: Mexico Watch Market Share, By Product type, By Value, 2016-2026F
Figure 29: Mexico Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 30: Mexico Watch Market Share, By End User, By Value, 2016-2026F
Figure 31: Europe Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 32: Europe Population (Billion), 2016-2020
Figure 33: Europe Watch Market Share, By Product type, By Value, 2016-2026F
Figure 34: Europe Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 35: Europe Watch Market Share, By End User, By Value, 2016-2026F
Figure 36: Europe Watch Market Share, By Country, By Value, 2020 & 2026F
Figure 37: Germany Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 38: Germany Population, 2016-2020 (Billion)
Figure 39: Germany Watch Market Share, By Product type, By Value, 2016-2026F
Figure 40: Germany Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 41: Germany Watch Market Share, By End User, By Value, 2016-2026F
Figure 42: United Kingdom Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 43: United Kingdom Population, 2016-2020 (Billion)
Figure 44: United Kingdom Watch Market Share, By Product type, By Value, 2016-2026F
Figure 45: United Kingdom Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 46: United Kingdom Watch Market Share, By End User, By Value, 2016-2026F
Figure 47: France Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 48: France Population, 2016-2020 (Billion)
Figure 49: France Watch Market Share, By Product type, By Value, 2016-2026F
Figure 50: France Watch Market Share, By Distribution channel, By Value, 2016-2026F
Figure 51: France Watch Market Share, By End User, By Value, 2016-2026F
Figure 52: Italy Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 53: Italy Population, 2016-2020 (Billion)
Figure 54: Italy Watch Market Share, By Product type, By Value, 2016-2026F
Figure 55: Italy Watch Market Share, By Distribution channel, By Value, 2016-2026F
Figure 56: Italy Watch Market Share, By End User, By Value, 2016-2026F
Figure 57: Spain Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 58: Spain Population, 2016-2020 (Billion)
Figure 59: Spain Watch Market Share, By Product type, By Value, 2016-2026F
Figure 60: Spain Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 61: Spain Watch Market Share, By End User, By Value, 2016-2026F
Figure 62: Asia-Pacific Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 63: Asia-Pacific Population, By Country (Billion), 2020
Figure 64: Asia-Pacific Watch Market Share, By Product type, By Value, 2016-2026F
Figure 65: Asia-Pacific Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 66: Asia-Pacific Watch Market Share, By End User, By Value, 2016-2026F
Figure 67: Asia-Pacific Watch Market Share, By Country, By Value, 2020 & 2026F
Figure 68: China Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 69: China Population, 2016-2020 (Billion)
Figure 70: China Watch Market Share, By Product type, By Value, 2016-2026F
Figure 71: China Watch Market Share, By End User, By Value, 2016-2026F
Figure 72: China Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 73: Japan Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 74: Japan Population, 2016-2020 (Billion)
Figure 75: Japan Watch Market Share, By Product type, By Value, 2016-2026F
Figure 76: Japan Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 77: Japan Watch Market Share, By End User, By Value, 2016-2026F
Figure 78: South Korea Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 79: South Korea Population, 2016-2020 (Billion)
Figure 80: South Korea Watch Market Share, By Product type, By Value, 2016-2026F
Figure 81: South Korea Watch Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 82: South Korea Watch Market Share, By End User, By Value, 2016-2026F
Figure 83: India Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 84: India Population, 2016-2020 (Billion)
Figure 85: India Watch Market Share, By Product type, By Value, 2016-2026F
Figure 86: India Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 87: India Watch Market Share, By End User, By Value, 2016-2026F
Figure 88: South America Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 89: South America Population (Billion), By Country, 2016-2020
Figure 90: South America Watch Market Share, By Product type, By Value, 2016-2026F
Figure 91: South America Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 92: South America Watch Market Share, By End User, By Value, 2016-2026F
Figure 93: South America Watch Market Share, By Country, By Value, 2020 & 2026F
Figure 94: Brazil Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 95: Brazil Population, 2016-2020 (Billion)
Figure 96: Brazil Watch Market Share, By Product type, By Value, 2016-2026F
Figure 97: Brazil Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 98: Brazil Watch Market Share, By End User, By Value, 2016-2026F
Figure 99: Argentina Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 100: Argentina Population, 2016-2020 (Billion)
Figure 101: Argentina Watch Market Share, By Product type, By Value, 2016-2026F
Figure 102: Argentina Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 103: Argentina Watch Market Share, By End User, By Value, 2016-2026F
Figure 104: Middle East & Africa Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 105: Middle East & Africa Population, By Country 2016-2020 (Billion)
Figure 106: Middle East & Africa Watch Market Share, By Product type, By Value, 2016-2026F
Figure 107: Middle East & Africa Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 108: Middle East & Africa Watch Market Share, By End User, By Value, 2016-2026F
Figure 109: Middle East & Africa Watch Market Share, By Country, By Value, 2020 & 2026F
Figure 110: South Africa Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 111: South Africa Population, 2016-2020 (Billion)
Figure 112: South Africa Watch Market Share, By Product type, By Value, 2016-2026F
Figure 113: South Africa Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 114: South Africa Watch Market Share, By End User, By Value, 2016-2026F
Figure 115: UAE Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 116: UAE Population, 2016-2020 (Billion)
Figure 117: UAE Watch Market Share, By Product type, By Value, 2016-2026F
Figure 118: UAE Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 119: UAE Watch Market Share, By End User, By Value, 2016-2026F
Figure 120: Saudi Arabia Watch Market Size, By Value (USD Billion), 2016-2026F
Figure 121: Saudi Arabia Population, 2016-2020 (Billion)
Figure 122: Saudi Arabia Watch Market Share, By Product type, By Value, 2016-2026F
Figure 123: Saudi Arabia Watch Market Share, By Distribution Channel Type, By Value, 2016-2026F
Figure 124: Saudi Arabia Watch Market Share, By End User, By Value, 2016-2026F
Companies Mentioned
- Apple Inc.
- The Swatch Group Ltd
- Casio Computer Co., Ltd
- Citizen Watch Co. Ltd.
- Fossil Group Inc.
- Titan company Limited
- Seiko Holdings Corp.
- Samsung Electronics Co., Ltd
- Timex Group USA, Inc
- Movado Group Inc
