The Watches And Clocks Global Market Report 2023, provides comprehensive information on the watches and clocks market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global watches and clocks market size is expected to grow from $52.47 billion in 2022 to $56.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global watches and clocks market size is expected to reach $66.09 billion in 2027 at a CAGR of 4.2%.
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Product innovation is the key trend gaining popularity in the watches and clocks market. Major companies operating in the watches and clocks market are focusing on developing innovative products to sustain their position in the market. For instance, in July 2022, ADVA, a Germany-based telecommunications company, launched Oscilloquartz high-performance optical cesium atomic clock. The coreSync OSA 3300-HP is the newest innovation in PNT from ADVA in terms of assured positioning, navigation, and timing (PNT). The OSA 3300-HP sets new standards for accuracy and availability as a high-performance optical cesium clock. It offers the resilience needed for PNT assurance in critical infrastructure and empowers service providers to offer unique service-level-agreement timing offerings with integrated GNSS backup. Atomic clocks combine great precision with exceptional availability to provide synchronization backup for networks that rely on GNSS-based timing.
The watches and clocks market is segmented:
1) By Type: Sport Watches, Luxury Watches, Diamond Watches, Alarm Clock, Wall Clock
2) By Distribution Channel: Offline, Online
3) By Application: Display Time, Adornment, Collection, Other Applications
Asia-pacific was the largest region in the watches and clocks market in 2022.
The table of contents in TBRC’s watches and clocks market report includes:
1. Executive Summary
2. Watches and Clocks Market Characteristics
3. Watches and Clocks Market Trends And Strategies
4. Watches and Clocks Market – Macro Economic Scenario
5. Watches and Clocks Market Size And Growth
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26. Africa Watches and Clocks Market
27. Watches and Clocks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Watches and Clocks Market
29. Watches and Clocks Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Apple Inc
- Audemars Piguet Holding SA
- Breitling SA
- Casio Computer Co. Ltd
- Chelsea Clock Company
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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