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A waterproof watch is a type of artifact or movable timepiece whose movement is enclosed in a gasket that seals the winding and entryways to the core of the watch, preventing the entry of water into it. The water can cause huge damage to the complex mechanism and functioning of the watch therefore, the waterproof watches were launched whichcan withstand a certain level of water pressure and can be worn without bothering about the water contact. The waterproof watches have been launched and used since an era and much evolution has occurred in them until recent times. The first waterproof and dustproof wristwatch was invented by Rolex in 1926 and was known as Rolex Oyster. Also, a waterproof wristlet watch was introduced in Switzerland in 1945 and was issued to the British military forces. Since then the advancement in technology and automation has brought enhancement in the designing of waterproof watch and launch of watches with advanced water resistance, moisture, and dirt-repellent features. The waterproof watches are manufactured according to certain ISO standards and labeled as water-resistant based on different parameters like depth, bars, atmosphere, meters, and others.
COVID-19 Scenario Analysis
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Watchhas been used for a long time for navigation and keeping track of the time but the advanced technology has created a pathway to present additional features in a waterproof wristwatch. Several variants of waterproof wristbands are available, which are resistant to a splash of water and some of them even can be worn while performing water activities such as diving, swimming, and others. The increasing awareness about luxury products, investment in technology and automation, increasing tech-savvy generation, availability of a limited edition of the luxury waterproof watch, inclination of millennial towards the advanced products, evolution in designs and features of watches, organization of international watch trade fairs, incorporation of cutting edge technology, the feasibility of watch to be worn while water activities, protection from high water pressure, increased product life, social media marketing, celebrity endorsements, multi-functioning watches, and increased disposable income are the key drivers which lead the growth of global waterproof watchmarket. However,government regulations, expensive waterproof watches, increased competition,availability of alternative low priced watches, and more inclination towards mainstream target hinder the market growth.
The Global Waterproof Watch market Trends
Incorporation of Advanced Technology in the Waterproof Watch Market
The key manufacturers are inclined toward investing in automation and launching the waterproof wristwatches with detailed complex mechanisms, which can also be used as a fashion accessory. Rolex, a leading brand of wristwatches has launched waterproof watches since earlier times such as oyster and submariner which was the first divers watch and have improved the product with evolving technology.
Key Benefits of the Report
Questions Answered in the Waterproof Watch Market Research Report
Waterproof Watch Market Report Highlights
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Key Market Players | Richemont SA, AudemarsPiguet, Chopard watches, Omega, Longines, Casio, Patek Philippe, Devosa., Fossil Group, Rolex, Armitron, Burberry, The Swatch Group, Epos, Seiko Watch Corporation, Timex Group |
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