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GCC Wristwatch Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of GCC Wristwatch market, which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “GCC Wristwatch Market Analysis, 2020”, the GCC Wristwatch market is anticipated to grow at a considerable CAGR during 2020-25. The growth of the market is attributed to rising demand of smartwatches due to growing health awareness among the consumers, launch of various innovative products by the market players, and surging presence of top giant countries in the region. Moreover, the rising inclination of people toward luxury watches as it is a status symbol among adults and also due to the growing disposable income coupled with increase in working population are strongly contributing toward the growth of the market in the forecast period.
Market Segmentation
Swiss Segment Grabbed the Highest Market Share
Based on Country of Origin, Swiss watches acquired the highest market share in the GCC wristwatch market 2019 on account of rising imports of Swiss watches in countries such as the UAE and Saudi Arabia. According to the Federation of Swiss Watch industry, globally, UAE was at the 10th and Saudi Arabia at the 13th positions respectively in 2019. The import of Swiss watches in these countries has surged from USD 900.37mn in 2017 to USD 938.6mn in 2019 in UAE. Thus, this is expected to lead to a positive impact toward the growth of Wristwatch market in the coming years as stated in the MarkNtel Advisors’ research report “GCC Wristwatch Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Wristwatch market are Titan, Casio, Apple, Huawei, Rolex, LVMH, Seiko, Amazfit, Samsung Electronics Co. Ltd, Garmin Ltd., Fitbit Inc. etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on GCC Wristwatch Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, unit sold.
Q. What would be the growth rate or CAGR of GCC Wristwatch Market during 2020-25?
A. The growth rate of GCC Wristwatch Market during 2020-25 is forecast to grow at a considerable CAGR.
Q. Who are the key competitors or players operating in GCC Wristwatch Market?
A. Titan, Casio, Apple, Huawei, Rolex, LVMH, Seiko, Amazfit, Samsung Electronics Co. Ltd, Garmin Ltd., Fitbit Inc. etc., are few of the leading players in the GCC Wristwatch Market.
Q. Which style segment would emerge as an opportunity area for players in GCC Wristwatch Market?
A. Smart segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in GCC Wristwatch Market?
A. UAE grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Wristwatch Market.
