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Ladys Watch Market Report
Lady’s Watch Market Trends, Dynamics & Market Insights
The Lady’s Watch market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x% during the forecast period.
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A watch is defined as a portable timepiece intended to be carried or worn by a person. It is designed to keep a consistent movement despite the motions caused by the person's activities. Based on type, a lady’s watch can be categorized as mechanical, quartz, and smart.
Key players operating in the Lady’s Watch market are-
The growth of lady’s watch market is driven by the increasing popularity of watches among women across geographies. Rising spending on smartwatches in developing countries coupled with rising per capita disposable income is likely to drive the growth of the global lady’s watch market at a significant rate during the review period. Additionally, surging demand for watches with innovative features is likely to create lucrative opportunities for the market players during the review period.
By distribution channel, the lady’s watch market has been bifurcated into watch stores, specialist retailers, and online. Under these, the watch store segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing number of women visiting offline stores to buy the watch. The online segment is expected to register healthy CAGR in the coming years due to convenience and easy product availability.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high demand for smartwatches with innovative features coupled with the presence of key market players such as Fossil Group, Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the increasing popularity of watches among women in developing countries particularly China and India coupled with the rising per capita disposable income of the consumers.
The outbreak of the COVID-19 virus has affected the growth of the lady’s watch market significantly. Stringent lockdown measures and restricted movement of people affected the production and product supply for a short period and thus, affected the market growth.
Here is the list of the group of customers that the lady's watch market hopes to have the greatest opportunity to convert-
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The Swatch Group Ltd (Switzerland), Rolex SA (Switzerland), Compagnie Financière Richemont SA (Switzerland), Fossil Group, Inc. (US), Citizen Watch Co., Ltd. (Japan), Seiko Holdings Corpo-ration (Japan), Patek Philippe SA (Switzerland), Audemars Piguet Holding SA (Switzerland), Movado (Switzerland), Kering (France), Breitling SA (Switzerland), Franck Muller (Switzerland), Festina (Switzerland) and Tianba (China) are among the key players in the lady’s watch market.
Increasing popularity of watches among women across geographies, rising spending on smartwatches in developing countries coupled with rising per capita disposable income are the factors driving the growth of lady’s watch market.
The watch store segment accounted for the largest share in the lady’s watch market in 2020.
North America is expected to register significant CAGR in the lady’s watch market in the coming years.
Lady’s watch distributors, Lady’s watch suppliers, Lady’s watch manufacturers, Logistics organizations, Government bodies are the target audience in the lady’s watch market.
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