Albany, NY -- (SBWIRE) -- 06/22/2018 -- A fresh study, covering global demand for wrist watches has been publicized to the online repository of Market Research Hub (MRH), with the title of "Global Wrist Watch Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023". This 153-page comprehensive research report is a systematic projection of wrist watches market globally and various factors impacting its growth. There are estimated figures for market's growth expected in the upcoming years and also the opportunities that are coming up for businesses. For a better understanding, the study analyses market scope especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
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Key Highlights from the Report
According to the analysts key projections, the worldwide market for Wrist Watch is expected to grow at a CAGR of 6.3% over the next five years, and will reach 64300 million US$ in 2023, from 47400 million US$ in 2017.
The above findings has been presented using detailed insights by analysts into current market scenario of wrist watches. Therefore, the report initiates with the executive summary that presents a precise insight into the global wrist watches market. It has been well-identified that wrist watch is a great accessory that can be both aesthetically pleasing as well as functional. A major fact identified in the study is that, in the foreign industrial developed countries the wrist watch industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in Switzerland, Japan, etc.
Geographically, the research has identified that with the rapid growth of the national economy as well as the rapid development of downstream industries, Chinese wrist watch market demand is energetic so it can provide a good opportunity for the development of wrist watch market and technology. Apart from that, the market has been analyzed on the basis of type and application. By types, the study covers sport watches, mechanical watches, smartwatch, luxury watches, water resistant watches, diamond watches and quartz watches. Based on application, it is used for daily use, collection and others.
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The final section of the report encloses details about global wrist watches market's competition landscape. This portion incorporates knowledge associated to prominent industries offering their contribution to market growth in a significant manner. This report traces the occupancy of key players from the target market profiled through an intensity map. At present, key players functioning across the globe include Rolex, Franck Muller, Richemont, Audemars Piguet, Folli Follie, Morellato & Sector, Swatch Group, Breitling, Chopard, Kering, LVMH, Festina, Seiko, Casio, Movado Group, Fossil, Citizen, Patek Philippe and other.
Why invest in this Report?
The report is a complete set to information that guides you about the market scenario with every detail about the possible aspects of the market. The data it provides goes through a data crunching process and is based on details gathered from different reliable sources. Once the data is curated it also goes through different levels of validation to ensure its accuracy and provide an error free set of market examination
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