Wilmington, Delaware, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Global Automatic Mechanical Watches Market was valued at US$ 48 billion in 2022 and is expected to grow at a significant CAGR of over 5.5% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Automatic mechanical watches, often known as "automatic watches" or "automatics," are timepieces that employ mechanical movements to maintain time rather than batteries or electronic components, as do quartz clocks. These timepieces are renowned for their skill, precision, and the creativity of their mechanical movements.
The mechanical complexity of automatic watches excites certain people. Those interested in mechanical engineering may be drawn to the visible gears, springs, and escapement mechanisms. Effective marketing and branding efforts by watchmakers and premium brands contribute to the creation of desire and demand for automatic watches. Celebrities and influencers frequently recommend these products, increasing their appeal.
- According to a deep-dive market assessment by RationalStat, the global automatic mechanical watches market has been analyzed on the basis of market segments, including product, price range, distribution channel and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global automatic mechanical watches market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global automatic mechanical watches market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Automatic Mechanical Watches Market: Segmental and Market Share Analysis
- On the basis of product, quartz watch segment is expected to dominate the global automatic mechanical watches market. They have much more aesthetic features which help in driving the market.
- On the basis of price range, low-priced sector dominates the market because its features are incredibly versatile for the price point at which they are given.
- On the basis of distribution channel, the retail store segment holds the majority of the market share as retail stores allow consumers to physically inspect the watch before purchasing.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 48 billion |
| Market Size Forecast | US$ 73.7 billion |
| Growth Rate | 5.5% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global automatic mechanical watches market include,
- In September 2021, In India, Fossil has unveiled its new Gen 6 smartwatch. According to the fashion watch and accessories manufacturer, "fashion watches" drive a pricing bracket, which is where the Gen 6 smartwatch falls in.
Some of the prominent players and suppliers operating and contributing significantly to the global automatic mechanical watches market growth include Rolex, PatekPhilippe, OMEGA, Longines, Breguet, Cartier, Tissot, and Mido, among others.
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RationalStat has segmented the global automatic mechanical watches market based on product, price range, distribution channel and region
- Global Automatic Mechanical Watches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product
- Quartz
- Digital
- Global Automatic Mechanical Watches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Price Range
- Low Range
- Mid Range
- Luxury
- Global Automatic Mechanical Watches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Distribution Channel
- Online Stores
- Retail Stores
- Global Automatic Mechanical Watches Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Automatic Mechanical Watches Market
- US
- Canada
- Latin America Automatic Mechanical Watches Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Automatic Mechanical Watches Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Automatic Mechanical Watches Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Automatic Mechanical Watches Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Automatic Mechanical Watches Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Automatic Mechanical Watches Market
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Key Questions Answered in the Automatic Mechanical Watches Report:
- What will be the market value of the global automatic mechanical watches market by 2030?
- What is the market size of the global automatic mechanical watches market?
- What are the market drivers of the global automatic mechanical watches market?
- What are the key trends in the global automatic mechanical watches market?
- Which is the leading region in the global automatic mechanical watches market?
- What are the major companies operating in the global automatic mechanical watches market?
- What are the market shares by key segments in the global automatic mechanical watches market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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