Market Insights

The Manual Mechanical 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.

Figure: Manual Mechanical Watch Market Size, 2020-2026 (USD Million)

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What are manual mechanical watches?

Manual mechanical are defined as watches that operate solely on mechanical energy. There are no electronic components there unlike called quartz watches which run on batteries. Manual wind watches are not self-winding and thus, require the person to wind them by hand or sometimes with a special tool for the watch to operate.

Key Players

Key players operating in the Manual Mechanical Watch market are Invicta (Switzerland), Seiko Holdings Corporation (Japan), Fossil Group, Inc. (US), Kairos Watches Inc (US), Gevril Group (Switzerland), Stuhrling (US), American Coin Treasures (US), Charles Hubert (US), Akribos XXIV (US), Adee Kaye Beverly Hills (US), Oris SA (Switzerland), Tissot SA (Switzerland), Zeon America (US), IWC International Watch Co. AG (Switzerland), Poljot (Germany), Raketa (Russia), Vostok Watch Makers, Inc. (Russia), Rolex SA (UK), TAG Heuer S.A. (Switzerland), Movado (Switzerland), Audemars Piguet Holding SA (Switzerland), Baume & Mercier (Switzerland), Blancpain SA (Switzerland) and Breguet (Switzerland).

Market Dynamics

The growth of the manual mechanical watch market is driven by the increasing popularity of vintage watches. Growing demand for luxurious watches particularly in the developing economies coupled with rising per capita disposable income of the consumers is likely to drive the growth of the global manual mechanical watch market at a significant rate during the review period. In addition to this, rising demand for advanced manual mechanical watches with innovative features is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments' Analysis

Application Trends

By application, the manual mechanical watch market has been bifurcated into men and women. 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 segment growth can be attributed to the widespread use of watches among men.

Regional Trends

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 is primarily attributed to the rising demand for luxurious watches in developing countries particularly India and China. The market growth in the North American region is expected to be driven by a high product adoption rate and the presence of key market players including Stuhrling (US) and American Coin Treasures (US).

COVID-19 Impact on Manual Mechanical Watch Market

The outbreak of the COVID-19 virus has affected the growth of the manual mechanical 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.

Critical Questions Answered in the Report

• What are the key trends in the Manual Mechanical Watch market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Manual Mechanical Watch market?
• What are the key strategies adopted by the major vendors to lead in the Manual Mechanical Watch market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the manual mechanical watch market hopes to have the greatest opportunity to convert-

• Manual mechanical watch distributors
• Manual mechanical watch suppliers
• Manual mechanical watch manufacturers
• Logistics organizations
• Government bodies

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