PRN: Global Watch Market to Grow at a CAGR of 7.87%, 2017-2021 - Internet Retailing Growth is Beneficial to Watch Market - Research and Markets
Global Watch Market to Grow at a CAGR of 7.87%, 2017-2021 - Internet Retailing Growth is Beneficial to Watch Market - Research and Markets
DUBLIN, Mar 16, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Watch Market 2017-2021" report to their offering.
The global watch market to grow at a CAGR of 7.87% during the period 2017-2021.
The global watch market is categorized into quartz and mechanical. Mechanical watches can be further classified into automatic and hand wound, while quartz watches are classified into analog and digital. It has huge market potential due to increasing technological design innovations. Moreover, the current positioning of this product enables users to make a style statement.
The latest trend gaining momentum in the market is growing demand for sports watches. Increased adoption of a healthy lifestyle and participation in sporting activities have propelled the demand for sports watches. These watches are ideal for use during running, biking, hiking, and other outdoor activities. The built-in GPS allows the person to track distance, pace, calories burnt, and time. In addition to sports performance, these sports watches keep track of altitude, barometric pressure, and ambient temperature. The leading brands in sports watches are Casio, Garmin, Nike, Polar, Seiko, and Suunto.
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