LAMEA 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 Latin America, Middle East and Africa Sports Watches Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
In watches sold as jewelers or collectibles, the time is almost always displayed in analogy, and there is a very wide variety of hands, numbers, and other elements of the analog dial in these watches. However, in timekeeping watches, the main focus is on clarity and accurate reading of the time under all circumstances clearly marked digits, easily visible hands, large watch faces, etc.).
Analog displays are still very popular in watches sold for timekeeping because many people find them easier to read than digital displays. With the stem the knob used to change the time on the right side of the watch, they are specifically made for the left wrist, making it simple to do so without taking the watch off the wrist. If someone is right-handed and wearing their watch on their left wrist, this is the case.
If a left-handed person wears their watch on their right wrist and wants to wind it or adjust the time, they must take the watch off their wrist. Clocks and analog timepieces are frequently advertised with display times of about 1:50 or 10:10. In addition to encircling the name of the watch's maker, this gives the upper half of the timepiece an appealing smiley face. Digital displays frequently display the time as 12:08, which conveys a pleasant sensation due to the rise in the number of available segments or pixels.
Locals are becoming more and more interested in football. There are three major soccer leagues on the continent, but the South African Premier Soccer League is the richest and has the most fans. They earn large sponsorship payments from financial institutions, telecom companies, and automakers. In addition, football is a popular extracurricular activity for schoolchildren in the area. Additionally, the region's population's disposable income is increasing, which gives them more money to spend on upscale items for entertainment.
The Brazil market dominated the LAMEA Sports Watches Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $683.6 million by 2028.The Argentina market is experiencing a CAGR of 10.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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