19 December 2018
– The Global
Watches and Clocks Market is expected to grow at a steady rate
in upcoming years. Switzerland leads watch segments with a comfortable margin
but India and Japan are countries to look out for as market leaders. Dispatch
of watches and clocks in U.S dropped to drastically in 2009 and correspondingly
the year before due to a worldwide recession and with cost of materials tending
to increase over previous year the market has been observing a free fall.
Employment also successively dropped with numbers dwindling
rapidly. The smart watches industry has albeit risen catching up with latest
trends and innovations such as health wizards that help people cope up with
fitness that keeps health under control. Segmentation of watches and clocks
market by product type includes sport watches, luxury watches, diamond watches,
alarm clock and wall clocks.
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By application, segmentation includes display time,
adornment, collection and other. By regions, segmentation includes North
America, Europe, China, Japan, SE Asia and India. Growth in watches will over
the next years be attributed to luxury watches making a strong comeback driving
sales, desire to own exquisite and elegant models and thriving demand from
markets in developing market economies such as Asia- pacific.
IoT has penetrated watches industry and wearables are the
terms given to them. They have a record of your body metabolism to the last
detail such as pulse rate, heartbeat, number of steps taken/second and many
companies have joined the bandwagon to manufacture these digital marvels.
Companies involved in the manufacture include fitbit— activity trackers, the
company is based out of California and is wireless enabled. The variants
include fitbit-Blaze.
Apple, Reliance, Fossil, Samsung Gear and DZ09 found only on
e-bay are activity trackers cum smart watches.. Well-smart watches are here and
traditional watches are not to be written off still and companies have their
hands full but eventually their luck may run out. Theyare priced evenly and may
even better analogue dials where Rolex, Longinnes, Chophards, rule and cost
somewhere between 30000 and 50000. Smart watches are attractive, ornamented
dials powered by lithium battery are some of the attractive features.
Online sites are the best places to latch on to one and
deals and coupons add to money savings. Online sites give an amazing selection
of brands and smart watches are a value addition to existing line. The key
players in clocks and watches industry include Acurite, SDI Technologies,
SanGean, Westclox Clocks, Sonic Alert, Lacrosse Technology, Sony, Emerson Radio
Corporation, Bulgari, Casio Computer Company Ltd., Chophard and Citizen
Holdings,O. Ltd., Swatch and Rolex.
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Market Segment:
Geographically, this
report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Watches and Clocks in
these regions, from 2013 to 2025 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
On the basis of product,
this report displays the production, revenue, price, market share and growth
rate of each type, primarily split into
• Sport Watches
• Luxury Watches
• Other
On the basis of the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate for
each application, including
• Display Time
• Adornment
• Other
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