Global automatic watch market is segmented on the basis of product type, distribution channel and geography. An automatic or self-winding watch is a mechanical watch in which the mainspring is wound automatically as a result of the natural motion of the wearer to provide energy to run the watch, making manual winding unnecessary. A mechanical watch which is neither self-winding nor electrically driven is called a manual watch. Most mechanical watches manufactured today are self-winding.
The automatic watch market has been undergoing rapid technological changes with vendors coming up with several new features. The high demand for Swiss made luxury watches known for its quality and design is driving the growth of the automatic watch industry. The rise in online retailing has also contributed to the growth in the market of automatic watch. The increased access to smartphones and consumer banking systems has led to the rise in demand for watches through the e-commerce medium.
Moreover, the prices offered to a customer are often lower online because of a reduction in overhead costs such as the price for inventory and rental space. For instance, high sales were witnessed by Swatch and Fossil, leading watch manufacturers, through internet retailing and this trend is expected to drive the market growth during the forecast period.
Rising demand for sport watches is the latest trend gaining potential in the automatic watch industry. Inclination towards a healthy lifestyle and participation in sporting activities propels the demand for sports watches. Such watches are worth to use while running, biking, hiking and other outdoor activities. The built-in GPS enables the person to track distance, pace, time and amount of calories consumed. In addition to sports performance, these sports watches keep a track of altitude, barometric pressure and ambient temperature. The leading brands in sports watches are Casio, Garmin, Nike, Polar, Seiko and Suunto.
On the basis of product type, the automatic watch market is segmented into mechanical, quartz and so on. “Quartz” watches are the largest segment of the automatic watch market. These watches have low maintenance cost are preferred for daily usage. The “quartz” segment is further classified into analog and digital. Analog quartz watches are considered as a better fashion accessory while digital watches are gaining popularity in emerging countries.While the segment “mechanical watches” can be further classified into automatic and hand wound. It has huge market potential due to increasing technological design innovations. Moreover, the current positioning of this product enables users to make a style statement.
On the basis of distribution channel, the automatic watch market is segmented into specialist retailers, departmental stores, internet retailing and so on. On the basis of geography, the automatic watch market is segmented into Europe, Asia Pacific, Latin America, Middle East & Africa and North America. Asia Pacific to dominate the automatic watch market with a market share of around 49% during the forecast period. The growing number of high net worth individuals (HNWI) and the extensive portfolio of products being offered are expected to fuel the growth of the market in this region.
The global key players in automatic watch market are Invicta Watch, Seiko Watches, Fossil, Kairos Watches, Gevril Group, Stuhrling Original, American Coin Treasures, Charles Hubert, Akribos XXIV, Adee Kaye Beverly Hills, Bulova Oris, Hamilton, Rougois, Tissot, Zeon America, IWC, Luch, Pobeda, Poljot, Raketa, Vostok, Rolex, Tag Heuer, Movado, Audemars Piguet, Baume & Mercier, Blancpain and Breguet.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Automatic Watch in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Automatic Watch market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Invicta Watch
• Seiko Watches
• Kairos Watches
• Gevril Group
• Stuhrling Original
• American Coin Treasures
• Charles Hubert
• Akribos XXIV
• Adee Kaye Beverly Hills
• Zeon America
• Tag Heuer
• Audemars Piguet
• Baume & Mercier
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• High Grade
• Middle Grade
• Low Grade
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Research Support Specialist, USA