Watch Market Size, Share, Trends and Forecast 2015

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.

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.

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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 share of the market. Growing number of HNWIs, rapidly growing upper middle class, growing interest of consumers in luxury products, large portfolio of products, innovations, and new product launches are expected to fuel the growth of the market in APAC during the forecast period.

APAC is expected to experience considerable growth during the forecast period and continue its dominance in the global watches market, accounting for a 48.66% share in 2019. Europe and North America are expected to experience slow growth.

Vendor landscape of global watches market

The global watches market is witnessing intense competition. Pricing strategies and innovative services offered by leading companies are playing a significant role in...