The mechanical watch global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mechanical Watch Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The mechanical watch market size has grown steadily in recent years. It will
grow from $42.85 billion in 2023 to $43.98 billion in 2024 at a compound annual
growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed
to growing awareness regarding mechanical watches, a growing market for
mechanical timepieces, economic growth, and the growth of crowdfunding and
internet platforms.
The mechanical watch market size is expected to see steady growth in the next
few years. It will grow to $49.64 billion in 2028 at a compound annual growth
rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to
rising sales of watches in store-based outlets, rising fast fashion trends,
rising due to a combination of appreciation for classical horology, rising
interest in vintage styles, and a growing number of manufacturing units. Major
trends in the forecast period include technological advancements, innovation in
materials, development of smart features, product innovations, and
technology-enhanced movements.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/mechanical-watch-global-market-report
Scope Of Mechanical Watch Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Mechanical Watch Market Overview
Market Drivers -
The rising demand for luxury goods is expected to propel the growth of the
mechanical watch market going forward. Luxury goods refer to high-quality
products not considered essential for daily living but associated with superior
craftsmanship, exclusivity, and prestige. The increasing demand for luxury
goods is fueled by rising wealth and disposable income and the aspirational
desire for social status and prestige associated with these items. The demand
for luxury goods drives the popularity and success of mechanical watches by
emphasizing their craftsmanship, exclusivity, status, and investment potential.
For instance, in 2022, according to Klarna Bank AB, a Sweden-based fintech
company, over half of consumers (45%) in Sweden bought a luxury item in 2021.
Therefore, rising demand for luxury goods is driving the growth of the
mechanical watch market.
Market Trends -
Major companies operating in the mechanical watch market are focusing on
developing innovative products, such as three-dimensional openwork dial
designs, to enhance their timepieces' visual appeal and exclusivity. A
three-dimensional openwork dial design refers to a particular watch dial style
that incorporates depth and transparency, creating a visually striking and
intricate aesthetic. For instance, in July 2022, CIGA Design, a China-based
luxury watch company, introduced the 3-in-1 designer mechanical watch. This
groundbreaking watch features a unique construction, seamlessly transitioning
between mechanical, smart, and hybrid modes. Its transparent dial showcases
intricate inner workings, crafted from premium materials for durability and
style. The campaign provides early backers exclusive access to this fusion of
traditional elegance and modern functionality, setting a new standard in watch
design.
The mechanical watch market covered in this report is segmented –
1) By Type: Stainless Steel Mechanical Watches, Leather Mechanical Watches,
Metal Mechanical Watches, Titanium Mechanical Watches, Rubber Mechanical
Watches, Plastic Mechanical Watches, Other Types
2) By Application: Men, Women
3) By Distribution Channel : Store-Based, Non-Store-Based
Get an inside scoop of the mechanical watch market, Request now for Sample
Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16114&type=smp
Regional Insights -
North America was the largest region in the mechanical watches market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the mechanical watch market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the mechanical watch market are Pobeda LCC, Rolex
Watch U.S.A. Inc., Citizen Watch Co. Ltd., Seiko Watch Corporation, FOSSIL
GROUP Inc., Cartier International SNC, TAG Heuer, Piaget SA, OMEGA SA, Le
Petit-Fils de L.-U. Chopard & Cie S.A., Jaeger-LeCoultre SA, Vacheron
Constantin SA, Blancpain SA, Bulova, Tissot SA, Hublot, Montres Tudor SA,
Invicta Watch Group, Oris SA, Hamilton International Ltd., Bell and Ross, PATEK
PHILIPPE SA, Kairos Watches Inc., IWC International Watch Co. AG,
Charles-Hubert Paris
Table of Contents
1. Executive Summary
2. Mechanical Watch Market Report Structure
3. Mechanical Watch Market Trends And Strategies
4. Mechanical Watch Market – Macro Economic Scenario
5. Mechanical Watch Market Size And Growth
…..
27. Mechanical Watch Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment