Asia Pacific Sports Watches Market Size, Share & Industry Trends Analysis Report By Price Point (Luxury and Economic), By Distribution Channel, By End User (Men and Women), By Product Type (Mechanical and Digital), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Sports Watches Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
Most modern watches are made to run for 40 hours on a winding, so they must be wound every day. However, some run for several days, and a few have 192-hour mainsprings, so they only need to be wound once a week. Historically, watches have used a numbered dial with at least a rotating hour hand and a longer, spinning minute hand to display the time.
A third hand that displays the current second or minute is also a common feature of timepieces. This second hand normally moves to the subsequent marker once every second in quartz timepieces. The second hand of mechanical watches may appear to glide continually, but in reality, it only travels in short steps, typically ranging from one-fifth to one-tenth of a second, which corresponds to the beat of the balance wheel.
A duplex escapement advances the hand every two beats (full period) of the balance wheel, or commonly every half-second; a double duplex escapement advances the hand every four beats. Spring Drive watches' tri-synchro regulator produces a second hand that genuinely glides. Although some watches have been made with "hands" mimicked by a liquid-crystal display, most watches have all three hands that are mechanically spinning on the dial.
Some of the important factors driving the regional sports watch market over the projected period are the rising popularity of connected devices and sports watches, the rise in consumer disposable income, and the high manufacturing of sports watch. To boost the dependability and durability of sports watches, some companies are also substantially investing in the production of upgraded sports watches. Some companies are also using other techniques to grow their market share.
The China market dominated the Asia Pacific Sports Watches Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,304.8 million by 2028.The Japan market is estimated to grow a CAGR of 7.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.9% during (2022 - 2028).
Based on Price Point, the market is segmented into Luxury and Economic. Based on Distribution Channel, the market is segmented into Specialty Stores, Brand Outlets, E-commerce and Others. Based on End User, the market is segmented into Men and Women. Based on Product Type, the market is segmented into Mechanical and Digital. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC (Fitbit, Inc.), Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Garmin Ltd., Fossil Group, Inc., COROS Wearables, Inc., Polar Electro Oy, Suunto Oy (Amer Sports Corporation), and Rolex SA.
Scope of the Study
Market Segments Covered in the Report:
By Price Point
By Distribution Channel
- Specialty Stores
- Brand Outlets
By End User
By Product Type
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Google LLC (Fitbit, Inc.)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Garmin Ltd.
- Fossil Group, Inc.
- COROS Wearables, Inc.
- Polar Electro Oy
- Suunto Oy (Amer Sports Corporation)
- Rolex SA
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