The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Wrist Watch Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
GCC Wrist Watch Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, GCC Wrist Watch Market is projected to grow at a CAGR of around 5.14% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in GCC Wrist Watch Market Segmentation?
The report has segmented the market into the following categories:
By Type
– Luxury (Above USD1,500)
– Mid-Luxury (USD301-USD1,500)
– Economy (USD101-USD300)
– Low (Up to USD100)
Of them all, the economy type of watches grabbed a sizeable share in the GCC Wrist Watch Market over the past period. The major factor attributed to the demand for the economy type of watches in the region is the presence of a significant number of expatriates in the countries such as the UAE, Saudi Arabia, Kuwait, etc. Additionally, as per the purchase ability of the immigrants in the region, the economy type of watches is witnessing notable sales. The growing demand for blue-collar & white-collar manpower has been leading to the expatriate population in the region. Thus, the rising expatriates in the UAE, Saudi Arabia, Bahrain, etc., are estimated to maintain the demand consistency for the economy type of wrist watches in the upcoming years.
By Country of Origin
– Japanese
– Swiss
– Others
By Category
– Analog
– Digital
– Analog & Digital
– Smart
By Country
– Saudi Arabia
– The UAE
– Qatar
– Kuwait
– Bahrain
– Oman
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Who are the Key Players Operating in the GCC Wrist Watch Industry?
The top companies of the GCC Wrist Watch market ruling the industry are:
- Audemars Piguet
- Patek Philippe
- Rolex
- Seiko Watch Corporation
- Piaget
- TAG Heuer
- Breguet
- CASIO COMPUTER CO., LTD.
- Invicta Watch Group.
- Gucci
- CARTIER
- Others (Armani, etc.)
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Wrist Watch Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Wrist Watch industry?
- Which is the Leading segment in the market?
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