Global Mechanical Wrist Watches Market Research Report 2022

A Mechanical Wrist Watch is a watch that uses a clockwork mechanism to measure the passage of time, as opposed to quartz watches which function electronically via a small battery. A mechanical watch is driven by a mainspring which must be hand-wound periodically. Its force is transmitted through a series of gears to power the balance wheel, a weighted wheel which oscillates back and forth at a constant rate. A device called an escapement releases the watch's wheels to move forward a small amount with each swing of the balance wheel, moving the watch's hands forward at a constant rate. This makes the 'ticking' sound characteristic of all mechanical watches. Mechanical watches evolved in Europe in the 17th century from spring powered clocks, which appeared in the 15th century.
Due to the COVID-19 pandemic, the global Mechanical Wrist Watches market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Mechanical Wrist Watches market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Mechanical Wrist Watches landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Luxury Watches accounting for % of the Mechanical Wrist Watches global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Daliy Use segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Mechanical Wrist Watches include Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe and Casio, etc. In terms of revenue, the global 3 largest players have a % market share of Mechanical Wrist Watches in 2021.
This report focuses on Mechanical Wrist Watches volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Mechanical Wrist Watches market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Mechanical Wrist Watches Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Luxury Watches
Common Watches
Segment by Application
Daliy Use
Collection
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Swatch Group
Rolex
Richemont
LVMH
Fossil
Citizen
Seiko
Patek Philippe
Casio
Chopard
Audemars Piguet
Movado Group
Kering
Breitling