Global Pocket Watch Market Overview:
Pocket watch is referred to as a watch that is made to be carried in a pocket. Pocket watches generally have an attached chain to allow them to be secured to a waistcoat, lapel, or belt loop, and to prevent them from being dropped. The market of pocket watch is increasing due to growing choice towards vintage collection by youngster and as it is portable. while some of the factors like availability of substitutes such as smart watch, wrist watch, etc in the market is hampering the market growth. Pocket watch is now available in Many designs and in many material.
- Growing Adoption of Vintage Product Among many People
- Rising Popularity of Vintage Pocket Watches Especially Among Watch Connoisseurs
- Various Top Players are Launching Innovative Pocket Watch Design Every Year
- High Prices of Luxury Pocket Watches
- Lack of Product Awareness in Many Regions
- Growing Demand from End-users
- Growth in the E-commerce Industry
- Excessive Presence of Counterfeit Products
- The Dominance of New Player in Market as they are Bringing Product with New Technologies
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Movado (Switzerland), LVMH (France), Citizen (Japan), Dakota (United States), Seiko (Japan), OMEGA (Switzerland), Vacheron Constantin (Switzerland), Patek Philippe (Switzerland), Tissot (Switzerland), Hamilton (United States) and Swatch Group (Switzerland). Analyst at AMA Research see Swiss Vendors to retain maximum share of Global Pocket Watch market by 2026. Considering Market by Watch Movements, the sub-segment i.e. Key-wind, key-set movements will boost the Pocket Watch market. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Pocket Watch market. Considering Market by Material, the sub-segment i.e. Bi-Metal will boost the Pocket Watch market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pocket Watch market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pocket Watch market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufactures of Pocket Watch, Suppliers and Distributors of Pocket Watch, End-Users of Pocket Watch, Potential Investors, Market Research Firms, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.