The global wristwatch industry is a multi-billion dollar market that has seen significant growth in recent years. According to Grand View Research, the global wristwatch market size was valued at USD 62.8 billion in 2020 and is projected to grow at a CAGR of approximately 6.2% during the forecast period (2021-2028). ReportsandData states that Apple, Rolex, and Swatch Group are the top three brands by sales for 2019 data. The mechanical watches segment accounted for 18.4% of the market value share in 2019 according to GlobeNewswire with an expected CAGR of 6.7%. Additionally, Asia Pacific region held 43.2% of total shares while luxury watches had 35.5%, as per Persistence Market Research and AlliedMarketResearch respectively; Switzerland being its leading exporter with exports worth $18 million dollars according to TradingEconomics whereas United States being its largest importer with consumer markets worth $3 billion dollars as reported by Statista . Furthermore smartwatches have been gaining traction over time where Apple holds 32 %of total shares followed by 63 % iOS operating system based devices ,according to Counterpointresearch & IDC respectively ; China’s export volume stood 195 million units from external sources such as Japan & Switzerland ,as stated on Tradingeconomics ; sports watch estimated revenue reaching 820$million globally till 2025 growing 592 percent annually says Marketintelligencedata; female watches having 53 4percentage share alongwith quartz analog 72 4 percentage share both recorded in year 2019 Globenewswire report ; kids smart watch estimated 3 2billion valuation until 2025 Hexaresearch reports& premium priced 5000+ 13 8percentage mark also noted down Globenewswire report lastly Smart Watch 22 69 Billion Valuation Allliedmarket research estimates 96 31Billion 2027 projection .
Wrist Watch Industry Statistics Overview
According to 2019 sales data, Apple, Rolex, and Swatch Group are the top three wristwatch brands by sales.
This statistic is a testament to the success of the wristwatch industry, highlighting the three brands that have achieved the highest sales in 2019. It serves as a benchmark for the industry, demonstrating the level of success that can be achieved in the wristwatch market. Furthermore, it provides insight into the preferences of consumers, indicating which brands are the most popular and sought after. This information can be used to inform marketing strategies and product development, helping to ensure that the industry remains competitive and successful.
The mechanical watches segment accounted for 18.4% of the wristwatch market in 2019, growing at a CAGR of 6.7%.
This statistic is a telling indication of the wristwatch market’s current state. It shows that the mechanical watches segment is growing at a steady rate, indicating that the industry is still thriving despite the emergence of digital watches. This statistic is a valuable insight into the industry, providing readers with an understanding of the current trends and potential opportunities for growth.
Luxury wristwatches accounted for approximately 35.5% of the market value share in 2019.
This statistic is a telling indication of the immense popularity of luxury wristwatches in the market. It speaks to the fact that luxury wristwatches are a highly sought-after item, and that they have a significant presence in the industry. This statistic is an important piece of information for anyone looking to gain insight into the wrist watch industry, as it provides a clear picture of the current market share of luxury wristwatches.
The United States is the largest wristwatch importer, with a consumer market worth $3.3 billion in 2019.
This statistic is a testament to the immense popularity of wristwatches in the United States. It speaks to the fact that the US consumer market is a major player in the wristwatch industry, with a value of $3.3 billion in 2019. This highlights the importance of the US market to the wristwatch industry, and the potential for growth in the sector.
The Swiss wristwatch industry produced 20.6 million units in 2018.
This statistic is a testament to the strength of the Swiss wristwatch industry, demonstrating that it is still a major player in the global market. It shows that the industry is thriving and that it is continuing to produce a large number of watches each year. This statistic is an important indicator of the health of the industry and provides valuable insight into the current state of the wristwatch industry.
In 2019, around 63.5% of smartwatches sold were based on the iOS operating system.
This statistic is a telling indication of the current state of the wrist watch industry. It shows that the majority of smartwatches sold in 2019 were based on the iOS operating system, indicating that Apple has a strong foothold in the market. This statistic is important for anyone interested in the wrist watch industry, as it provides insight into the current trends and preferences of consumers.
The global sports wristwatches market is estimated to reach a value of $820.7 million by the end of 2025, growing at a CAGR of 5.92% between 2021 and 2025.
This statistic is a powerful indicator of the potential of the wrist watch industry. It shows that the market is expected to grow significantly over the next few years, with a compound annual growth rate of 5.92%. This indicates that the wrist watch industry is a lucrative and promising sector, and provides a great opportunity for businesses to capitalize on. As such, this statistic is an important piece of information for anyone interested in the wrist watch industry, and should be included in any blog post about wrist watch industry statistics.
The market share of female wristwatches accounted for 53.4% in 2019.
This statistic is a telling indication of the growing demand for female wristwatches in the market. It shows that the industry is responding to the needs of female consumers, who are increasingly looking for stylish and fashionable watches to accessorize their outfits. This statistic is a clear sign that the wrist watch industry is adapting to the changing tastes of its customers.
The market share of quartz analog wristwatches was 72.4% in 2019.
This statistic is a telling indication of the dominance of quartz analog wristwatches in the wrist watch industry. It demonstrates that quartz analog wristwatches are the most popular type of wrist watch, and that the industry is heavily reliant on them for success. This statistic is an important piece of information for anyone looking to gain insight into the wrist watch industry and its trends.
By 2025, the global kids’ smartwatch market is estimated to reach a value of $3.2 billion.
This statistic is a testament to the immense potential of the kids’ smartwatch market. It shows that the industry is expected to experience tremendous growth in the coming years, with a projected value of $3.2 billion by 2025. This is a clear indication that the wrist watch industry is a lucrative and profitable sector, and one that is worth investing in.
The market share of premium-priced wristwatches ($5000+) was 13.8% in 2019.
This statistic is a telling indication of the strength of the premium-priced wristwatch market. It shows that despite the high cost of these watches, they still make up a significant portion of the overall wristwatch industry. This statistic is important for understanding the overall health of the wristwatch industry, as well as the potential for growth in the premium-priced segment.
The U.S. watch market accounted for sales of approximately $8.8 billion in 2019.
This statistic is a testament to the immense size and success of the U.S. watch market. It shows that the industry is thriving and that there is a large demand for wrist watches in the United States. This statistic is an important indicator of the health of the wrist watch industry and provides valuable insight into the current state of the market.
In 2019, India imported wristwatches worth $306.94 million, mainly from Switzerland, China, and Japan.
This statistic is a telling indication of the immense popularity of wristwatches in India. It shows that the demand for wristwatches is high, and that India is relying on imports from Switzerland, China, and Japan to meet this demand. This is an important insight for anyone interested in the wrist watch industry, as it provides a glimpse into the current market trends and consumer preferences.
Conclusion
The global wristwatch market size was valued at USD 62.8 billion in 2020 and is projected to grow at a CAGR of approximately 6.2% during the forecast period (2021-2028). According to 2019 sales data, Apple, Rolex, and Swatch Group are the top three wristwatch brands by sales. The mechanical watches segment accounted for 18.4% of the market value share in 2019 while luxury wristwatches accounted for 35.5%. Switzerland is the leading exporter of wristwatches with exports worth $18.8 billion whereas United States is its largest importer with consumer market worth $3.3 billion in 2019 alone; India imported watches worth $306 million from countries like China, Japan and Switzerland that same year as well . In terms of regional marketshare Asia Pacific region held 43%, Europe had 28%, North America 19%, Latin America 5% , Middle East & Africa 4 % respectively Smart watch industry has seen tremendous growth over past few years due to technological advancements which have made them more user friendly ;Apple being leader among smart watch manufacturers holds 32 % shares followed by Samsung(14%) Huawei(13%), Garmin (9%). Kids’ smartwatch sector also saw significant growth estimated to reach 3$billion mark by 2025 . Quartz analogs still remain most popular type accounting 72 %of total units sold globally but female models hold majority 53%. Sports Wrist Watches Market will be reaching 820 Million Dollars By end Of 2025 growing At A CAGR OF 592 percent between 2021 And 2027 While Premium Priced ($5000+) Segment Hold 13 8 Percent Share Globally As Per Allied Market Research Report..
References
0. – https://www.www.hexaresearch.com
1. – https://www.www.exportgenius.in
2. – https://www.www.persistencemarketresearch.com
3. – https://www.www.statista.com
4. – https://www.www.idc.com
5. – https://www.www.businessofbusiness.com
6. – https://www.www.fhs.swiss
7. – https://www.www.globenewswire.com
8. – https://www.www.grandviewresearch.com
9. – https://www.www.marketintelligencedata.com
10. – https://www.www.reportsanddata.com
