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Global Men s Watch Market by Type (Mechanical, Quartz, Smart), By Application (Online, Offline) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CG-146
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 89
  • No. Of Pages: 240
  • Format:
  • Pub. Date: 2021-03-01
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Men's watches have been a fashion accessory for centuries, but it is only in recent years that this item has become an important part of the modern man's wardrobe. The global watch market is expected to be worth $79 billion by 2028, with men accounting for more than 70% of all sales.

A watch is a small, portable timepiece that can be carried on the person. It typically has an analog display and a band made from metal (sometimes leather). The first men's wristwatches were created in Switzerland by Patek Philippe for Countess Koscowicz of Hungary in 1868. Men quickly embraced this new waypoint which then releases it to power mechanical movements within the mechanism, including the escapement that controls both accuracy and movement of the hands-on their dial face; while this system does not require electricity or winding like a quartz model, it requires regular maintenance such as occasional lubrication. A men's watch is any wristwatch designed for a man to wear. Men's watches typically have an analog display and are larger than women's watches, with cases size ranging from about 34 mm to 44 mm.

On the basis of type, men's watch is segmented into mechanical, quartz, and smart.

Mechanical

Mechanical is the oldest type of watch that developed during the 18th century when clocks were electrified; it releases a power to drive mechanical movement within mechanism from winding or manual intervention. Mechanical watches are one of the most popular kinds of timepieces. They use an internal mechanism to measure elapsed time and typically have a small knob on their face, called the crown, which can be used to set or wind them in order for them to keep accurate time. A mechanical watch is not powered by electricity so it must be wound periodically manually with a winding key (usually 30 minutes), otherwise, it will stop running within 36 hours due to lack of power supply.

Quartz

Quartz movement is an electronic device with a crystal oscillator that provides reliable timekeeping by coordinating system components like the battery and digital circuit systems. Quartz watches are powered by a battery that is regulated by quartz crystals and they’re typically more accurate than a mechanical day. They use an electric current to power the hands of the watch, so it doesn’t have any gears or springs as in a mechanical movement. A Quartz Movement is where pulses from a quartz crystal regulate timing mechanisms inside of a watch which tells how much time has passed. These movements can either be analog with hands-on them (e.g., Rolex), digital (e.g., Casio) or both (e.g., Skagen). The best part about these types of movements is their accuracy and low maintenance cost.

Smart

Smartwatches are smarter versions of traditional men's wristwatches since these devices have features such as touch screen display, Wi-Fi connection, GPS tracker for fitness purposes, etc. A smartwatch is a timepiece with sophisticated computer and software capabilities, typically designed to provide information about the wearer's health. These devices are usually an extension of smartphones (i.e., they have some or all of the same features as a smartphone). Some newer models may function independently from smartphones altogether.

Smartwatches use sensors such as accelerometers which measure data as distance traveled, stairs climbed, heart rate, quality of sleep; this data can be used for guidance on how to improve lifestyle choices such as exercise(s), diet(s), or rest (or lack thereof).

On the basis of application, the global men's watch market is segmented into Online and Offline.

Online

The application in the online segment of the global men's watch market is primarily used for retailing purposes. Online application means that customers can buy the watch online. The watches are usually delivered to their doorstep or home address, and some companies offer customer service through chat on websites or via phone call. Online application does not require any physical store presence so it is an excellent way for small businesses to start a new business with no overhead costs such as rent, inventory management, etc.

Offline

Men's watch has offline application is the most widely used, you can go to a jewelry store or department stores in person and choose your favorite watches. In addition, many men still prefer to wear high-end wristwatches on formal occasions such as wedding ceremonies. They are also popular for their utility, including the telling of time and other functions such as alarms and altimeters.

On the basis of region, the global men's watch market is segmented into North America, Europe, Asia-Pacific, and Latin American region. In 2017, the North American region was the largest market with a significant share of around 38% in terms of value followed by Europe's 27%.

The developing markets such as India and China are expected to show significant growth in this region owing to an increase in the disposable income of people. Men's watches capture a substantial amount of revenue from other product segments like jewelry items that include earrings, bracelets, or necklaces for women. The increasing trend towards fashion consciousness among both sexes has been driving the demand for these types of products across all regions which will have an impact on sales volume worldwide. Increasing awareness about health issues due to strenuous lifestyles also fuels the demand for sports-related wristwatches with advanced features including GPS systems providing accurate readings and advanced heart rate monitors.

Growth Factors

-The major factors that drive the demand for this product are increasing disposable income in developing nations and preference for a wristwatch as jewelry accessory among both sexes which will have an impact on sales volume worldwide leading to healthy prospects for these products across all regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Rising awareness about health issues due to strenuous lifestyles also fuels up the demand for sports-related watches incorporating features like GPS systems providing accurate readings and advanced heart rate monitor respectively.

- Increasing demand for men's watches in the global market. The watch is a traditionally male accessory and as such it has been adopted by many people, especially young professionals, across different regions of the world over the past few decades. In recent years there has been an increase in acceptance of this trend among women too which further fuels growth.

- Technological advancements have helped to create new types of timepieces with enhanced features. For example, luxury smartwatches are now available to offer customers more choice when deciding on their preferred style.

- Increased number of fashion brands entering into partnerships with technology companies in order to develop products with innovative styles and functionalities.

- Strong growth in the number of people adopting smartwatches.


Up Market Research published a new report titled “Men s Watch Market research report which is segmented by Types (Mechanical, Quartz, Smart), By Applications (Online, Offline), By Players/Companies Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio, Chopard, Audemars Piguet, Movado Group, Kering, Breitling, Franck Muller, Folli Follie, Festina, Morellato & Sector, Time Watch, Fiyta, Rossini, Ebohr, Sea-Gull, Rarone, Geya, Poscer, Golgen, Movebest, Polaris, Tianba”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Men s Watch Market Research Report
By Type Mechanical, Quartz, Smart
By Application Online, Offline
By Companies Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio, Chopard, Audemars Piguet, Movado Group, Kering, Breitling, Franck Muller, Folli Follie, Festina, Morellato & Sector, Time Watch, Fiyta, Rossini, Ebohr, Sea-Gull, Rarone, Geya, Poscer, Golgen, Movebest, Polaris, Tianba
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 240
Number of Tables & Figures 168
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Men s Watch Industry Outlook
 

Global Men s Watch Market Report Segments:

The market is segmented by Type Mechanical, Quartz, Smart and By Application Online, Offline.

 

Some of the companies that are profiled in this report are:

  1. Swatch Group
  2. Rolex
  3. Richemont
  4. LVMH
  5. Fossil
  6. Citizen
  7. Seiko
  8. Patek Philippe
  9. Casio
  10. Chopard
  11. Audemars Piguet
  12. Movado Group
  13. Kering
  14. Breitling
  15. Franck Muller
  16. Folli Follie
  17. Festina
  18. Morellato & Sector
  19. Time Watch
  20. Fiyta
  21. Rossini
  22. Ebohr
  23. Sea-Gull
  24. Rarone
  25. Geya
  26. Poscer
  27. Golgen
  28. Movebest
  29. Polaris
  30. Tianba
 

Men s Watch Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Men s Watch Market
 

Overview of the regional outlook of the Men s Watch Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Men s Watch Market Overview
 

Highlights of The Men s Watch Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Men s Watch Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Mechanical

                2. Quartz

                3. Smart

       7. By Application:

                1. Online

                2. Offline

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Men s Watch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Men s Watch Market Statistics
 

Reasons to Purchase the Men s Watch Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Men s Watch Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Men s Watch Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Men s Watch Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Men s Watch Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Men s Watch Market Size & Forecast, 2018-2028 
      4.5.1 Men s Watch Market Size and Y-o-Y Growth 
      4.5.2 Men s Watch Market Absolute $ Opportunity 


Chapter 5 Global Men s Watch Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Men s Watch Market Size Forecast by Type
      5.2.1 Mechanical
      5.2.2 Quartz
      5.2.3 Smart
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Men s Watch Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Men s Watch Market Size Forecast by Applications
      6.2.1 Online
      6.2.2 Offline
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Men s Watch Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Men s Watch Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Men s Watch Analysis and Forecast
   9.1 Introduction
   9.2 North America Men s Watch Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Men s Watch Market Size Forecast by Type
      9.6.1 Mechanical
      9.6.2 Quartz
      9.6.3 Smart
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Men s Watch Market Size Forecast by Applications
      9.10.1 Online
      9.10.2 Offline
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Men s Watch Analysis and Forecast
   10.1 Introduction
   10.2 Europe Men s Watch Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Men s Watch Market Size Forecast by Type
      10.6.1 Mechanical
      10.6.2 Quartz
      10.6.3 Smart
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Men s Watch Market Size Forecast by Applications
      10.10.1 Online
      10.10.2 Offline
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Men s Watch Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Men s Watch Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Men s Watch Market Size Forecast by Type
      11.6.1 Mechanical
      11.6.2 Quartz
      11.6.3 Smart
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Men s Watch Market Size Forecast by Applications
      11.10.1 Online
      11.10.2 Offline
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Men s Watch Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Men s Watch Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Men s Watch Market Size Forecast by Type
      12.6.1 Mechanical
      12.6.2 Quartz
      12.6.3 Smart
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Men s Watch Market Size Forecast by Applications
      12.10.1 Online
      12.10.2 Offline
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Men s Watch Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Men s Watch Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Men s Watch Market Size Forecast by Type
      13.6.1 Mechanical
      13.6.2 Quartz
      13.6.3 Smart
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Men s Watch Market Size Forecast by Applications
      13.10.1 Online
      13.10.2 Offline
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Men s Watch Market: Competitive Dashboard
   14.2 Global Men s Watch Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Swatch Group
      14.3.2 Rolex
      14.3.3 Richemont
      14.3.4 LVMH
      14.3.5 Fossil
      14.3.6 Citizen
      14.3.7 Seiko
      14.3.8 Patek Philippe
      14.3.9 Casio
      14.3.10 Chopard
      14.3.11 Audemars Piguet
      14.3.12 Movado Group
      14.3.13 Kering
      14.3.14 Breitling
      14.3.15 Franck Muller
      14.3.16 Folli Follie
      14.3.17 Festina
      14.3.18 Morellato & Sector
      14.3.19 Time Watch
      14.3.20 Fiyta
      14.3.21 Rossini
      14.3.22 Ebohr
      14.3.23 Sea-Gull
      14.3.24 Rarone
      14.3.25 Geya
      14.3.26 Poscer
      14.3.27 Golgen
      14.3.28 Movebest
      14.3.29 Polaris
      14.3.30 Tianba
Segments Covered in the Report
The global Men s Watch market has been segmented based on

By Types
  • Mechanical
  • Quartz
  • Smart
By Applications
  • Online
  • Offline
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Swatch Group
  • Rolex
  • Richemont
  • LVMH
  • Fossil
  • Citizen
  • Seiko
  • Patek Philippe
  • Casio
  • Chopard
  • Audemars Piguet
  • Movado Group
  • Kering
  • Breitling
  • Franck Muller
  • Folli Follie
  • Festina
  • Morellato & Sector
  • Time Watch
  • Fiyta
  • Rossini
  • Ebohr
  • Sea-Gull
  • Rarone
  • Geya
  • Poscer
  • Golgen
  • Movebest
  • Polaris
  • Tianba

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