Mechanical Watch Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Mechanical Watch Market size is anticipated to grow at a 5.2% CAGR between 2024 and 2032 propelled by a renewed consumer appreciation for luxury and traditional craftsmanship. As daily life becomes increasingly dominated by modern technology, consumers are gravitating towards high-quality, artisanal products that exude a sense of heritage and exclusivity. Enthusiasts and collectors view these timepieces as status symbols and artistic masterpieces, fueling the market momentum.

With a shift in trends towards valuing classic designs and their historical significance, mechanical watches showcasing intricate traditional mechanisms are gaining traction among both casual buyers and collectors. The accessibility has also been amplified by the rise of watch fairs, auctions, and dedicated online platforms for vintage timepieces. For example, in June 2024, Caviar unveiled its Space Tornado collection, drawing inspiration from cosmic whirlwinds and showcasing models like Twin Spin, Stargazer X-Edition, and SkyWard.

The industry is divided into movement type, strap material, case size, shape, consumer group, price, distribution channel, and region.

Based on movement type, the mechanical watch market size from the manual segment is poised to grow between 2024 and 2032. This is favored by its strong appeal to enthusiasts and collectors who value the traditional craftsmanship and intricate mechanisms of manually wound timepieces. Manual watches, which require regular winding to function, are appreciated for their artisanal quality and the hands-on experience they provide.

In terms of distribution channel, the mechanical watch market from the online segment is set to witness a significant CAGR from 2024 to 2032 owing to the accessibility and convenience for consumers seeking high-quality timepieces. E-commerce platforms offer a wide range of mechanical watches, allowing buyers to explore diverse brands, models, and price ranges from the comfort of their homes.

Asia Pacific mechanical watch industry share is expected to accrue notable growth from 2024 to 2032 driven by a rising demand for luxury and high-end timepieces, coupled with a growing appreciation for traditional craftsmanship and heritage. As economic development in countries like China, Japan, and India continues to accelerate, an expanding affluent consumer base seeks distinctive and prestigious watches as status symbols and collectibles.

Product Code: 10399

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rise of disposable income
  - 3.2.1.2 Consumer spending on luxury segment
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Rising competition from smartwatches
  - 3.2.2.2 Availability of counterfeit product
3.3 Growth potential analysis
3.4 Future trend analysis
3.5 Price analysis
3.6 Raw material analysis
3.7 Technological landscape
3.8 Consumer buying behaviour
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Movement Type (USD Billion) (Million Units)

5.1 Key trends
5.2 Automatic
5.3 Manual

Chapter 6 Market Estimates and Forecast, By Strap Material (USD Billion) (Million Units)

6.1 Key trends
6.2 Leather
6.3 Stainless steel
6.4 Nylon
6.5 Others (Rubber etc.)

Chapter 7 Market Estimates and Forecast, By Case Size (USD Billion) (Million Units)

7.1 Key trends
7.2 Up to 35 mm
7.3 35 mm - 40 mm
7.4 40 mm - 45 mm
7.5 Above 45 mm

Chapter 8 Market Estimates and Forecast, By Shape (USD Billion) (Million Units)

8.1 Key trends
8.2 Rectangular
8.3 Round
8.4 Square

Chapter 9 Market Estimates and Forecast, By Consumer Group (USD Billion) (Million Units)

9.1 Key trends
9.2 Men
9.3 Women
9.4 Unisex

Chapter 10 Market Estimates and Forecast, By Application (USD Billion) (Million Units)

10.1 Key trends
10.2 Low
10.3 Medium
10.4 High/Premium

Chapter 11 Market Estimates and Forecast, By Distribution Channel (USD Billion) (Million Units)

11.1 Key trends
11.2 Online
- 11.2.1 E-commerce websites
- 11.2.2 Company-owned websites
11.3 Offline
- 11.3.1 Mega retail stores
- 11.3.2 Specialty stores
- 11.3.3 Others (Independent Stores, etc.)

Chapter 12 Market Estimates and Forecast, By Region (USD Billion) (Million Units)

12.1 Key trends, by region
12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
12.3 Europe
- 12.3.1 Germany
- 12.3.2 UK
- 12.3.3 France
- 12.3.4 Italy
- 12.3.5 Spain
- 12.3.6 Rest of Europe
12.4 Asia Pacific
- 12.4.1 China
- 12.4.2 India
- 12.4.3 Japan
- 12.4.4 South Korea
- 12.4.5 Australia
- 12.4.6 Rest of Asia Pacific
12.5 Latin America
- 12.5.1 Brazil
- 12.5.2 Mexico
- 12.5.3 Rest of Latin America
12.6 MEA
- 12.6.1 Saudi Arabia
- 12.6.2 UAE
- 12.6.3 South Africa
- 12.6.4 Rest of MEA

Chapter 13 Company Profiles

13.1 Casio
13.2 Fossil Group
13.3 GIRARD-PERREGAUX
13.4 Hermes
13.5 IWC Schaffhausen
13.6 Patek Philippe SA
13.7 Rado Watch Co Ltd
13.8 RGM Watch Co.
13.9 Richemont SA
13.10 Rolex
13.11 Seiko Group Corporation
13.12 Tag Heuer
13.13 The Swatch Group Ltd
13.14 Timex Group B.V.
13.15 Titan Company Limited