Watches Market Size Worth $117.8 Billion By 2025

1. Watches Market Size Worth $117.8 Billion By 2025 “The global watches market is predicted to reach USD 117.8 billion, by 2025. The market is estimated to grow with a CAGR of 13.0% over the forecast period. The introduction of smartwatches with features such as Bluetooth connectivity and near field characteristics (NFC) is anticipated to drive the demand of the product.” The global watches market is predicted to reach USD 117.8 billion, by 2025. The market is estimated to grow with a CAGR of 13.0% over the forecast period. The introduction of smartwatches with features such as Bluetooth connectivity and near field characteristics (NFC) is anticipated to drive the demand of the product. Moreover, consumers’ awareness regarding obesity and related diseases has increased in the recent past. A large number of consumers are focused on the prevention of potential heart diseases and weight management. This factor, in turn, is projected to fuel the market growth over the forecast years. Asia Pacific is predicted to account for a CAGR of 13.9% for the period 2019 to 2025. Countries like India, China, and Malaysia might experience requirements for smartwatches due to urbanization and increased consumers’ spending. Moreover, the increased count of supermarkets and appreciative government strategies to promote investments in retails and manufacturing stores on a ground level are likely to boost the product demand. Features such as distance tracker, GPS, health tracker, Bluetooth connectivity, and speakers are attracting a huge customer base. Most of the watches come in quartz product types. There has been a rise in the demand for custom- made watches in the recent past. Owing to this, companies are focusing on the introduction of tailor-made watches. The partnership between Tag Heuer and Enjoy was announced in October 2017. Enjoy is a startup company founded by Ron Johnson which excels in-home delivery and custom-tailored watches named Personal Atelier. Further key findings from the report suggest: • North America occupied over 30% of the share in the global watches market, in 2018. • Revenue generated by fitness product category was over USD 10.0 billion, in 2018. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-watches-market/request-sample

2. • Online channel is projected to grow with a CAGR of 14.0% for the period, 2019 to 2025. • Oakley, Inc.;Rolex SA; Omega SA; Patek Philippe SA;Titan Company Limited and Apple Inc. are the major manufacturers. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-watches-market Million Insights has segmented the global watches market on the basis of product, operation, distribution channel, and region: Watches Product Outlook (Revenue, USD Billion, 2015 - 2025) • Smart • Fitness • Luxury Watches Operation Outlook (Revenue, USD Billion, 2015 - 2025) • Quartz • Mechanical Watches Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025) • Hypermarket/Supermarket • Convenience Stores • Online Watches Regional Outlook (Revenue, USD Billion, 2015 - 2025) • North America • U.S. • Europe

3. • U.K. • Germany • Asia Pacific • China • India • Central & South Africa • Brazil • Middle East & Africa • South Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184