Watch Straps Market Scope
Watch Straps are also referred by different names such as watch bracelet or band which enables wrist watches onto the wrist. These come in different varieties of make namely plastic, leather or metal. It is denoted as a fashion item on one's wrist, which serves both useful as well as ornamental function. Watch Straps are closed by a folding clasp or a buckle, and can also be designed as per consumer preference. The attachment point of the watch strap is made in a way that it allows the worn watch straps to be replaced with new straps for fashion drives. The increasing trend of wearing fashionable watches with fashionable watch straps every day is driving the market for watch straps.
The market study is being classified by Type (Ceramic, Fabric, Leather, Metal, Plastic and Rubber), by Application (Women and Men) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Watch Straps market throughout the predicted period.
Swatch Group (Switzerland), Rolex (United Kingdom), Richemont (Switzerland), Fossil (United States), Apple (United States), Citizen (Japan), Timex (United States), Seiko (Japan), Patek Philippe and Casio (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are SONY (Japan), Chopard (Switzerland), Audemars Piguet (Switzerland), Movado Group (United States) and Kering (France).
AdvanceMarketAnalytics has segmented the market of Global Watch Straps market by Type, Application and Region.
On the basis of geography, the market of Watch Straps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Watch Straps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 29th March, Sony Launched a different take on the smartwatch, with all the technology embedded in a band that users can attach to their favorite analog face. The name of the product Wena watch strap is an upgradation of the traditional watch strap which includes many features such as fitness tracking, contactless payments, phone notifications, and OLED screen where notifications are displayed.
- Adoption of Different Types of Styles in Leather Watch Straps e.g. Curved End Link Leather, Hodinkee Camouflage Suede Among Others
- Increase Demand for Luxury Watches Coupled with Fashionable Watch Straps
- Rising Disposable Income and Interest towards Wearing Stylish Watches Everyday
- Surging Demand for Durable Sport Watch Straps in Developed Nations
- Growing Demand from the Asian Countries Due To the Increasing Disposal Income and Changing LifeStyle
- Fluctuation in the Prices of Raw Material for Watch Straps
- Lack of Brand Awareness in Developing Countries
- Issue Related To the Excessive Presence of Counterfeit Products
- Intense Competition among Established Key Players in the Operating Market
- Low Demand in Some Geographical Regions Including the Middle East and Africa
Key Target AudienceWatch Straps Manufactures, Watch Straps Distributors, Raw material suppliers, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations and Others
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