Watch Market in Thailand | Leading Segments, Trends, Drivers and Challenges

Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Longines Watch Co. and Rado Watch Co Ltd are some of the key market vendors 

Accelerating at a CAGR of 4.54%, the Watch market in Thailand is expected to grow by $ 199.32 million during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.

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Watch Market in Thailand: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented by End-user (men and women) and Distribution Channel (offline and online). Watches are some of the most purchased and popular accessories in the male customer segment. 
• This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Watch Market in Thailand size.

Watch Market in Thailand: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Rising demand for premium watches will be a significant factor in driving the growth of the Watch Market in Thailand. Vendors are introducing watches with premium finish by using different raw materials, such as magnesium, polyether ether ketone (PEEK), ceramic, ceramic matrix composite (CMC), ferrite, and carbon fiber. The use of such raw materials has led to product premiumization. 
• The rising purchasing power and the increasing disposable income of customers has led to the growth in number of fashion-conscious consumers. This will be instrumental in driving the market growth during the forecast period.
• Presence of counterfeit products is a hurdle that needs to be crossed on the path to success. Counterfeit products of different brands affect the business of genuine vendors in terms of revenue and the goodwill of their brands. 

Watch Market in Thailand: Vendor Analysis

• The market is fragmented.
• Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Epos Uhren AG, Longines Watch Co. Francillon Ltd., OMEGA SA., PVH Corp., Rado Watch Co Ltd, Time Zone Co. Ltd., and UNDONE are some of the major market participants.
• The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

• Watch Market in Thailand Split by End-user
  • Men
  • Women
• Watch Market in Thailand Split by Distribution Channel
  • Offline
  • Online

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Apple Inc.
• CASIO Computer Co. Ltd.
• Citizen Watch Co. Ltd.
• Epos Uhren AG
• Longines Watch Co. Francillon Ltd.
• OMEGA SA.
• PVH Corp.
• Rado Watch Co Ltd
• Time Zone Co. Ltd.
• UNDONE

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 4.54%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 199.32 mn through 2022-2026.
    
3. What is a key factor driving this market?
   Rising demand for premium watches will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Thailand is the key region featured in this research report.
    
5. Who are the leading market vendors?
   The leading vendors in this market are Apple Inc., CASIO Computer Co. Ltd., Citizen Watch Co. Ltd., Epos Uhren AG, Longines Watch Co. Francillon Ltd., OMEGA SA., PVH Corp., Rado Watch Co Ltd, Time Zone Co. Ltd., and UNDONE
    
6. What are the market segments covered in this report?
   The market is segmented by End-user (men and women) and Distribution Channel (offline and online)