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 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 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.
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.
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.
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.
-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 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|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|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.
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:
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.
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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.
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.
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