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Mechanical Watch Market Share
Key players involve in the mechanical watch industry are Rolex, Seiko Holdings Corporation, Casio, The Swatch Group Ltd, Fossil Group accounting market share of 15-20% in 2023. Innovative designs, materials, and features are helping manufacturers to set themselves apart. Manufacturers invest in research and development to create innovative movements and materials, enhancing accuracy, durability, and design, which attracts discerning consumers. Companies adopt various pricing strategies, from luxury pricing to more affordable options, to target different market segments and consumer demographics.
Mechanical Watch Market Companies
Major companies operating in the mechanical watch industry include:
- Casio
- Fossil Group
- GIRARD-PERREGAUX
- Hermes
- IWC Schaffhausen
- Patek Philippe SA
- Rado Watch Co Ltd
- RGM Watch Co.
- Richemont SA
- Rolex
- Seiko Group Corporation
- Tag Heuer
- The Swatch Group Ltd
- Timex Group B.V.
- Titan Company Limited
What is the size of mechanical watch market?
The market was valued at around USD 59.2 Billion in 2023 and is anticipated to register a CAGR of 5.2% between 2024 to 2032, driven by rise of disposable income in developed and developing nations, leading to increased consumer spending on luxury items.
Why is the demand for mechanical watch with stainless steel strap increasing?
The mechanical watch with stainless steel strap segment held 56% of the total market share in 2023 and is anticipated to record a CAGR of 5.4% through 2032, owing to its strength and durability while having a sleek and classy appearance.
How big is Europe mechanical watch industry?
Europe mechanical watch market held a revenue share of around 37% in 2023 and anticipated to record a CAGR of 5.5% through 2032, backed by the increased disposable income allowing customers to invest mechanical watches, alongside a growing interest in collecting antique and limited-edition watches
Who are the notable mechanical watch manufacturers?
Casio, Fossil Group, GIRARD-PERREGAUX, Hermes, IWC Schaffhausen, Patek Philippe SA, Rado Watch Co Ltd, RGM Watch Co., Richemont SA, and Rolex among others.