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The global watches market size is expected to reach USD 117.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.0% over the forecast period.
Rising importance of smart watches as a key wearable device that provides exceptional functionality to paired up with Bluetooth and near field characteristics (NFC) is expected to prompt the product’s consumption among the buyers.
Furthermore, growing popularity of weight management among sports enthusiasts and gym professionals as a result of increasing concerns over heart diseases and obesity is expected to fuel the demand for smart watches for body activity monitoring.Asia Pacific is expected to expand at a CAGR of 13.9% from 2019 to 2025.
Improvement in economic indicators including increasing disposable income and urbanization in the countries including China, India, and Malaysia is projected to upscale the requirement of watches.
Furthermore, increasing number of supermarkets in these countries in light of favorable government policies for promoting investments in the manufacturing and retail sectors on a domestic level is expected to ensure the product’s access in the near future.The industry is growing rapidly as the vast features offered by these products is attracting more customers.
Features including GPS, distance tracker, health tracker, speakers, and Bluetooth connectivity are giving smart watches an upper hand in terms of preference among the customers.
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Portable clocksThe creations of the talented craftsmen of large clocks were soon taken up in a smaller format.
The invention of the pocket watch cannot therefore be really credited to Henlein.At that time, Switzerland already had many very experienced watchmakers.
Germany was not left out either.
In 1767, Margrave Charles Frederick of Baden set out to launch the jewelry and watchmaking industry in Pforzheim, Germany.
He therefore founded a watch factory in the orphanage in Pforzheim.
These early wristwatches served as jewelry and had only an ornamental role like bracelets, or they were simply hung from a chain on the wrist.
In traditional wear, Jaipur Kurti ranks the top of the apparel in the ethnic wear category and is highly preferred by women as it adds to their style and fashion.
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