Report Code: A06605 | Pages: NA | Jul 2023 | 5724 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wrist Watch Market
Request Now !A wrist watch is a portable device attached by a watch strap of leather band or any other kind of bracelet, designed to be worn by individual around their wrist. There are two types of wrist watches available in the market. These include digital and analog. A digital watch shows the time in numbers and an analog watch has a dial with needles which displays the time in analog form. Wrist watches cater all the age groups from kid, youth to an adult and old age also for all the genders. Now smart watches have taken over the wrist watch market to the next level and have become the most demanded product in this segment.
Wrist watch manufacturing and selling companies are facing issues in production. Because of the corona virus factories are shut down, supply chain is fully disrupted and companies are also facing difficulty regarding the availability of the raw material and shortage of staff and resources in the middle of corona virus outbreak, which has slowed down the market at a global level. Â Â
The wrist watch market is consistently growing with the increase in population and disposable income of consumers. Wrist watch is a wearable device and also a fashion accessory for youth as companies are continuously investing in research and development and launching new technologies and varieties in wrist watches. Celebrity endorsement is also a major factor for the growth of the market as it is the major reason for public attraction toward wrist watches. People follow their favorite celebrities and get influenced by them to buy the product. Smart watches have taken the market to the next level as it has increased the value of the product in individual’s life. These watches are known to perform many functions, and thus have gained huge popularity with long lasting battery life, attractive design, and affordable prices. This drives the growth of the market.
The high demand for wearable technologies and devices contributes toward the growth of the smart watch segment. Smart watches are in trend because of the latest technological updates and attractive features that are adored by the youth and the children. Smart watches are not purchased only because of its utility but it has become more than that.
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Questions Answered in the Wrist Watch Market Research Report:
Wrist Watch Market Report Highlights
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Key Market Players | Titan,, Maxima,, Citizen,, Tommy Hilfiger., Omega,, Rolex,, Casio,, Timex, |
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