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Manual Mechanical Watch Market Report
Manual Mechanical Watch Market, By Type (Stainless Steel, Leather, Metal, Titanium, Rubber, Plastic, Others), Application (Men, Women), and Region - COVID-19 Impact Analysis and Forecast to 2026.
Impact of COVID-19 on Manual Mechanical Watch Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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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 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).
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.
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.
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).
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.
Here is the list of the group of customers that the manual mechanical watch market hopes to have the greatest opportunity to convert-
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Increasing popularity of vintage watches, growing demand for luxurious watches particularly in the developing economies are the factors driving the growth of manual mechanical watch market.
The men segment accounted for the largest share in the manual mechanical watch market in 2020.
Asia-pacific is expected to grow at a significant CAGR in the manual mechanical watch market in the next five years.
Manual mechanical watch distributors, Manual mechanical watch suppliers, Manual mechanical watch manufacturers, Logistics organizations, Government bodies are the target audience in the manual mechanical watch market.
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