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Watch, Clock, Measuring Device Global Market Report 2020-30: Covid 19 Impact and Recovery

Region:Global

Product Code:7378

Download Sample Report
Published On

April 2020

Total pages

200

About the Report

Major players in the watch, clock, measuring device market are Apple Inc., Fitbit Inc., Samsung Electronics Co. Ltd., Garmin ltd., Huawei Investment & Holding Co., Ltd., Lvmh Moet Hennessy Louis Vuitton SE and Rolex SA.
 
The global watch, clock, measuring device market was worth USD 88.79 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11.85% and reach USD 138.95 billion by 2023.
 
The watch, clock, measuring device market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2018, Asia-Pacific was the largest region in the watch, clock, measuring device market. Africa is expected to be the fastest growing region in the watch, clock, measuring device market in the forecast period.
 
The watch, clock, measuring device market consists of sales of the watch, clock, measuring device and related services for measuring time and physical quantity. Watch is a portable timepiece worn by individuals around the wrist, attached by a strap. Clock is a device used for measuring and indicating time, using pointers moving over a dial. Measuring device is an instrument used to measure various parameters in the physical used to measure various parameters.
 
The watch, clock and measuring device market covered in this report is segmented by type into watches and clocks, measuring devices.
 
Rising trade protectionism acts as a major challenge in the watch, clock, measuring device market. Trade protectionism is characterized as a country, or a group of countries working related as an exchange alliance, making exchange boundaries with the particular objective of protecting its economy from the potential dangers of worldwide trading. The target of trade protectionism is to ensure a country's fundamental monetary interests, for example, its key ventures, wares, and work of laborers. A wide number of trade barriers have been introduced since mid-2018, the major one has been higher tariffs on bilateral trade between the US and China. This increase in protectionism has contributed to a slowdown in global growth through direct effects on trade flows, supply chains and import costs, and indirect effects on business sentiment, uncertainty, and investment around the world. Therefore, rising trade protectionism will negatively impact the watch, clock, measuring device market's growth.
 
The rise in disposable incomes was a major driver of the watch, clock, measuring device market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India and Brazil. According to the World Bank, the world's middle -class population-defined as that earning between USD 10 and USD 100 per day-increased from approximately 1.5 to 2 billion between 2010 and 2015. In 2017, China's economy grew at 6.9% and India's GDP grew at 7.1%. The per capita disposable income in India increased at a CAGR of 9.2% during 2005-2015 to reach USD 1,154 in 2015. Increased earnings greatly increased disposable incomes in the emerging markets, contributing to the watch, clock, measuring device market's growth.
 
In November 2019, Alphabet Inc., the parent company of Google, acquired smart watch maker, Fitbit, Inc. for a deal amount of USD 2.1 billion. Alphabet said that the acquisition helps them in the advancement of its smart watch software, Wear OS. Fitbit, Inc. is an American company that makes fitness bands, smart watches, and accessories which helps in tracking footsteps, exercises, heart rate, and weight.
 
Internet of things (IoT) driven smart watches is highly preferred choice of watches. Smart watches connected to the internet offer a wide range of features such as time, health monitoring, and fitness tracking, receives calls and messages, entertainment, cardless payments, and connectivity to other IoT devices to improve the quality of the user's life. With increasing consumer's interests towards health and fitness, convenience in day to day activities and smart homes, wearable IoT devices such as smart watches offer various features. The global smart watch shipments rise by 42% annually from 10 million units in 2018 to 14.2 million units in 2019.
 
 

Scope of the Report

Products

1) By Type: Watches and Clocks; Measuring Devices

Companies

Apple Inc.; Fitbit Inc.; Samsung Electronics Co. Ltd.; Garmin ltd.; Huawei Investment & Holding Co., Ltd.; Lvmh Moet Hennessy Louis Vuitton SE; Rolex SA

Table of Contents

1. Executive Summary

2. Watch, Clock, Measuring Device Market Characteristics

3. Watch, Clock, Measuring Device Market Size And Growth

3.1. Global Watch, Clock, Measuring Device Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Watch, Clock, Measuring Device Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Watch, Clock, Measuring Device Market Segmentation

4.1. Global Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Watches and Clocks

Measuring Devices

5. Watch, Clock, Measuring Device Market Regional And Country Analysis

5.1. Global Watch, Clock, Measuring Device Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Watch, Clock, Measuring Device Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Watch, Clock, Measuring Device Market

6.1. Asia-Pacific Watch, Clock, Measuring Device Market Overview

6.2. Asia-Pacific Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Watch, Clock, Measuring Device Market

7.1. China Watch, Clock, Measuring Device Market Overview

7.2. China Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Watch, Clock, Measuring Device Market

8.1. India Watch, Clock, Measuring Device Market Overview

8.2. India Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Watch, Clock, Measuring Device Market

9.1. Japan Watch, Clock, Measuring Device Market Overview

9.2. Japan Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Watch, Clock, Measuring Device Market

10.1. Australia Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Watch, Clock, Measuring Device Market

11.1. Indonesia Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Watch, Clock, Measuring Device Market

12.1. South Korea Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Watch, Clock, Measuring Device Market

13.1. Western Europe Watch, Clock, Measuring Device Market Overview

13.2. Western Europe Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Watch, Clock, Measuring Device Market

14.1. UK Watch, Clock, Measuring Device Market Overview

14.2. UK Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Watch, Clock, Measuring Device Market

15.1. Germany Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Watch, Clock, Measuring Device Market

16.3. France Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Watch, Clock, Measuring Device Market

17.1. Eastern Europe Watch, Clock, Measuring Device Market Overview

17.2. Eastern Europe Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Watch, Clock, Measuring Device Market

18.1. Russia Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Watch, Clock, Measuring Device Market

19.1. North America Watch, Clock, Measuring Device Market Overview

19.2. North America Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Watch, Clock, Measuring Device Market

20.1. USA Watch, Clock, Measuring Device Market Overview

20.2. USA Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Watch, Clock, Measuring Device Market

21.1. South America Watch, Clock, Measuring Device Market Overview

21.2. South America Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Watch, Clock, Measuring Device Market

22.1. Brazil Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Watch, Clock, Measuring Device Market

23.1. Middle East Watch, Clock, Measuring Device Market Overview

23.2. Middle East Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Watch, Clock, Measuring Device Market

24.1. Africa Watch, Clock, Measuring Device Market Overview

24.2. Africa Watch, Clock, Measuring Device Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Watch, Clock, Measuring Device Market Competitive Landscape And Company Profiles

25.1. Watch, Clock, Measuring Device Market Competitive Landscape

25.2. Watch, Clock, Measuring Device Market Company Profiles

25.2.1. Apple Inc.

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Fitbit Inc.

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Samsung Electronics Co. Ltd.

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Garmin ltd.

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Huawei Investment & Holding Co., Ltd.

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Watch, Clock, Measuring Device Market

27. Watch, Clock, Measuring Device Market Trends And Strategies

28. Watch, Clock, Measuring Device Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 

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