Watch Market Demand and Worldwide Forecast 2020

Covering: This report covers the growth prospects of the global watches market with segmentations based on product types and distribution. Market shares for key regions include APAC, Europe, North America, and ROW. It also includes an insightful analysis of the leading vendors in this market, such as Fossil, LVMH, Richemont, Rolex, and Swatch Group.

Outlook of global watches market

High demand for Swiss luxury watches is boosting sales and the market is expected to reach a CAGR of more than 7.6% during the forecast period. Rise in disposable income and a burgeoning upper middle class in emerging countries such as India, China, and Brazil is contributing to market growth.

For More Details @ http://www.bigmarketresearch.com/global-watch-analysis-2015-2019-market

Manufacturers are also entering the e-commerce scenario by setting up their own e-boutiques. Online sales of watches has witnessed considerable growth and the trend is expected to continue during the forecast period.

Market segmentation of global watches market by product type:

Mechanical

Quartz

The quartz segment of the market was valued at $39.56 billion in 2014. According to a report based on global research, the maintenance cost of quartz watches is low and they are preferred for daily use. The quartz segment is further classified into analog and digital. Analog quartz watches are considered a fashion accessory, while digital watches are gaining popularity in emerging countries.

Feel Free To Enquire @ http://www.bigmarketresearch.com/report-enquiry/339927

Segmentation by distribution channel and analysis of the watch market

Specialist retailers

Departmental stores

Internet retailing

This research report estimates the specialist retailers segment to account for around 46% of the global market share.

Geographical segmentation of global watches market

Key regions:

APAC

Europe

North America

ROW

APAC accounted for the largest...