Product Code: IRTNTR74621
Abstract
The wristwatch market is forecasted to grow by USD 22,880.9 mn during 2023-2028, accelerating at a CAGR of 5.94% during the forecast period. The report on the wristwatch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for premium watches, recent developments in the wrist watch industry, and rising number of partnerships and strategic alliances.
Market Scope |
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.4% |
CAGR | 5.94% |
Incremental Value | $22880.9mn |
Technavio's wristwatch market is segmented as below:
By Distribution Channel
By Type
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rising fashion trend of wearing stylish wrist watches among youth as one of the prime reasons driving the wristwatch market growth during the next few years. Also, rise in adoption of smart watches and integration of advanced technologies in wrist watches will lead to sizable demand in the market.
The report on the wristwatch market covers the following areas:
- Wristwatch market sizing
- Wristwatch market forecast
- Wristwatch market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wristwatch market vendors that include Apple Inc., CASIO Computer Co. Ltd., Le petit fils de L.U. Chopard and Cie SA, Citizen Watch Co. Ltd., Compagnie Financiere Richemont SA, DIFFUSIONE ITALIANA PREZIOSI S.P.A, Fossil Group Inc., LVMH Moet Hennessy Louis Vuitton SE, Magnus Brand, Patek Philippe SA, Rolex SA, Samsung Electronics Co. Ltd., Seiko Holdings Corp., SUED Watches, Talley and Twine Watches LLC, The Swatch Group Ltd., Titan Co. Ltd., Breitling SA, Jaeger LeCoultre, and ASOROCK Watches LLC. Also, the wristwatch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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 Distribution Channel
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
- 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 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global wristwatch market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global wristwatch market 2018 - 2022 ($ million)
- 4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 30: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 32: Chart on Comparison by Distribution Channel
- Exhibit 33: Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Exhibit 34: Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Exhibit 38: Chart on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 42: Market opportunity by Distribution Channel ($ million)
- Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type
- 7.3 Quartz - Market size and forecast 2023-2028
- Exhibit 48: Chart on Quartz - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Quartz - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Quartz - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Quartz - Year-over-year growth 2023-2028 (%)
- 7.4 Digital - Market size and forecast 2023-2028
- Exhibit 52: Chart on Digital - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Digital - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Digital - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Digital - Year-over-year growth 2023-2028 (%)
- 7.5 Others - Market size and forecast 2023-2028
- Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Exhibit 60: Market opportunity by Type ($ million)
- Exhibit 61: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: 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 109: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Breitling SA
- Exhibit 115: Breitling SA - Overview
- Exhibit 116: Breitling SA - Product / Service
- Exhibit 117: Breitling SA - Key offerings
- 12.4 CASIO Computer Co. Ltd.
- Exhibit 118: CASIO Computer Co. Ltd. - Overview
- Exhibit 119: CASIO Computer Co. Ltd. - Business segments
- Exhibit 120: CASIO Computer Co. Ltd. - Key offerings
- Exhibit 121: CASIO Computer Co. Ltd. - Segment focus
- 12.5 Citizen Watch Co. Ltd.
- Exhibit 122: Citizen Watch Co. Ltd. - Overview
- Exhibit 123: Citizen Watch Co. Ltd. - Business segments
- Exhibit 124: Citizen Watch Co. Ltd. - Key offerings
- Exhibit 125: Citizen Watch Co. Ltd. - Segment focus
- 12.6 Compagnie Financiere Richemont SA
- Exhibit 126: Compagnie Financiere Richemont SA - Overview
- Exhibit 127: Compagnie Financiere Richemont SA - Business segments
- Exhibit 128: Compagnie Financiere Richemont SA - Key offerings
- Exhibit 129: Compagnie Financiere Richemont SA - Segment focus
- 12.7 DIFFUSIONE ITALIANA PREZIOSI S.P.A
- Exhibit 130: DIFFUSIONE ITALIANA PREZIOSI S.P.A - Overview
- Exhibit 131: DIFFUSIONE ITALIANA PREZIOSI S.P.A - Key offerings
- 12.8 Fossil Group Inc.
- Exhibit 132: Fossil Group Inc. - Overview
- Exhibit 133: Fossil Group Inc. - Business segments
- Exhibit 134: Fossil Group Inc. - Key offerings
- Exhibit 135: Fossil Group Inc. - Segment focus
- 12.9 Jaeger LeCoultre
- Exhibit 136: Jaeger LeCoultre - Overview
- Exhibit 137: Jaeger LeCoultre - Product / Service
- Exhibit 138: Jaeger LeCoultre - Key offerings
- 12.10 Le petit fils de L.U. Chopard and Cie SA
- Exhibit 139: Le petit fils de L.U. Chopard and Cie SA - Overview
- Exhibit 140: Le petit fils de L.U. Chopard and Cie SA - Product / Service
- Exhibit 141: Le petit fils de L.U. Chopard and Cie SA - Key offerings
- 12.11 Patek Philippe SA
- Exhibit 142: Patek Philippe SA - Overview
- Exhibit 143: Patek Philippe SA - Product / Service
- Exhibit 144: Patek Philippe SA - Key offerings
- 12.12 Rolex SA
- Exhibit 145: Rolex SA - Overview
- Exhibit 146: Rolex SA - Product / Service
- Exhibit 147: Rolex SA - Key offerings
- 12.13 Seiko Holdings Corp.
- Exhibit 148: Seiko Holdings Corp. - Overview
- Exhibit 149: Seiko Holdings Corp. - Business segments
- Exhibit 150: Seiko Holdings Corp. - Key offerings
- Exhibit 151: Seiko Holdings Corp. - Segment focus
- 12.14 SUED Watches
- Exhibit 152: SUED Watches - Overview
- Exhibit 153: SUED Watches - Product / Service
- Exhibit 154: SUED Watches - Key offerings
- 12.15 Talley and Twine Watches LLC
- Exhibit 155: Talley and Twine Watches LLC - Overview
- Exhibit 156: Talley and Twine Watches LLC - Key offerings
- 12.16 The Swatch Group Ltd.
- Exhibit 157: The Swatch Group Ltd. - Overview
- Exhibit 158: The Swatch Group Ltd. - Business segments
- Exhibit 159: The Swatch Group Ltd. - Key offerings
- Exhibit 160: The Swatch Group Ltd. - Segment focus
- 12.17 Titan Co. Ltd.
- Exhibit 161: Titan Co. Ltd. - Overview
- Exhibit 162: Titan Co. Ltd. - Business segments
- Exhibit 163: Titan Co. Ltd. - Key offerings
- Exhibit 164: Titan Co. Ltd. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 165: Inclusions checklist
- Exhibit 166: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 167: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 168: Research methodology
- Exhibit 169: Validation techniques employed for market sizing
- Exhibit 170: Information sources
- 13.5 List of abbreviations
- Exhibit 171: List of abbreviations