Latest Industry Research Report On “Global Wrist Watch Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” in-depth analysis of the market state and also the competitive landscape globally.
Watch is a small timepiece intended to be carried or worn by a person. It is designed to keep working despite the motions caused by the person’s activities. A wristwatch is designed to be worn on a wrist, attached by a watch strap or other type of bracelet.
At present, in the foreign industrial developed countries the wrist watch industry is generally at a more advanced level, the world’s large enterprises are mainly concentrated in Switzerland, Japan, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But foreign companiesÕ manufacturing cost is relatively high, compared with Chinese companies, so the manufacturing cost has competitive disadvantage, as the Chinese wrist watch production enterprise technology continues to improve, their share in the international market will increase competitiveness..
Chinese wrist watch industry has developed into a national industry with certain research and production capacity, industry product mix has gradually improved, currently China has become international wrist watch largest manufacture country, in addition to middle and low wrist watch products, some leading companies have been able to provide some high-end wrist watch products, so they have already had a competitive edge in the international arena.
With the rapid growth of the national economy as well as the rapid development of downstream industries, Chinese wrist watch market demand is exuberant so it can provide a good opportunity for the development of wrist watch market and technology.
The worldwide market for Wrist Watch is expected to grow at a CAGR of roughly 6.3% over the next five years, will reach 64300 million US$ in 2024, from 47400 million US$ in 2019, according to a new Research study.
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Below is the Short Brief of the Global Wrist Watch Market Report:
Wrist Watch Market Top Manufacturers profiled in the report are:
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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Wrist Watch Market Segmented by Types:
Water Resistant Watches
Wrist Watch Market segmented by Applications:
Global Wrist Watch Market segmented by Regions:
North America (United States, Canada and Mexico)
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Central & South America (Brazil, Rest of South America)
Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
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In this study, the years considered for market sizing of Wrist Watch are as follows:
Historical Year: 2014-2018
Base Year: 2018
Forecast Year: 2019 to 2024
Objectives of the Research Study
-Analyzing mergers and acquisitions, alliances, joint ventures, partnerships, and other types of Wrist Watch business deals as well as product innovations and recent developments
-Analyzing core competencies and market shares of key players in the Wrist Watch market and comprehensively profiling them
-Unveiling important prospects and opportunities available in the Wrist Watch market
-Researching the market on the basis of future prospects, growth trends, and Wrist Watch market dynamics
-Forecasting the market size of key regions and countries such as North America, the U.S., China, and the MEA
-Forecasting the market size of leading segments and sub-segments of the Wrist Watch market
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