DUBLIN--(BUSINESS WIRE)--The "Global Watch Market, By Product Type (Digital Watches, Analog Watches, Fitness Watches), By Distribution Channel Type (Offline, Online), By End User (Male, Female, Unisex), By Region, Competition, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's providing. The International Watch Market stood at USD58.28 billion in 2020 and is anticipated to develop at a double-digit CAGR of over 12% in the course of the forecast interval. The International Watch Market is pushed by growing disposable earnings particularly in growing nations and rising client consciousness in direction of a match and wholesome life-style, thus giving increase to the wearable business submit COVID-19. Lots of the smartwatches embrace attributes which have been helpful for sports activities lovers in addition to a shifting focus of individuals in direction of a wholesome life-style, which can assist the International Watch Market to develop in the course of the forecast interval. The International Watch Market is segmented into product sort, distribution channel, end-user, firm, and area. In product sort, analog watch dominated the International Watch Market and is anticipated to take care of its lead in the course of the projected interval, primarily based on product availability with new types and the presence of a number of firms on this section.
With shifting focus in direction of a match and wholesome life-style, the demand for health watches is anticipated to develop at a sooner tempo in the course of the projected years. Nonetheless, analog watches are nonetheless most popular by customers within the wedding ceremony season and with formal apparel in enterprise conferences.» Read more from www.businesswire.com