Stratview Research has published a new report on the Waterproof Watch Market, segmented by Type (Ordinary Waterproof, Professional Waterproof), Application (Women, Men), and Region – COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Waterproof Watch market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.
The growth of the waterproof watch market is primarily driven by the growing demand for waterproof watches by consumers across geographies. Increasing spending on advanced watches in developing countries coupled with rising per capita disposable income is likely to drive the growth of the global waterproof watch market at a significant rate during the review period. In addition to this, rising demand for watches with innovative features is likely to create lucrative opportunities for the players operating in the global market in the coming years.
COVID-19 Impact on Waterproof Watch Market
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the waterproof watch market negatively as the imposition of complete lockdown and restrictions on trade affected the supply of the product for a short period.
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This report studies the Waterproof Watch Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
By application, the waterproof watch market has been bifurcated into women and men. Under these, the men segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The women segment is projected to register healthy CAGR in the coming years on account of increasing spending on watches by women.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the increasing demand for waterproof watches particularly in developing countries such as India and China. The market growth in the North American region is expected to be driven by the presence of key market players such as Armitron (US) and Fossil Group, Inc. (US).
Following are the key players in the Waterproof Watch Market:
- Armitron (US)
- Casio (Japan)
- Chopard & Cie S.A. (Switzerland)
- Citizen Watch Co., Ltd. (Japan)
- Fossil Group, Inc. (US)
- Michael Kors (US)
- MICHELE (US)
- Movado (Switzerland)
- Nixon (US)
- Seiko Holdings Corporation (Japan).
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