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Showing posts with the label Watches Market

Global Watches Market Outlook 2024 - 2030: Trends, Growth Drivers & Competitive Landscape

  Watches Market Growth & Trends According to a recent report by Grand View Research, Inc., the global  watches market  is projected to reach a value of USD 204.7 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030. This robust growth is largely driven by the increasing adoption of smartwatches, which are emerging as essential wearable devices offering multifunctional capabilities. With features such as Bluetooth pairing and Near Field Communication (NFC), smartwatches are rapidly becoming popular among tech-savvy consumers looking for seamless connectivity and enhanced lifestyle management. The surge in smartwatch demand is further amplified by growing health awareness, particularly among sports enthusiasts, fitness professionals, and individuals concerned with heart health and obesity. As fitness tracking becomes an integral part of daily routines, smartwatches are increasingly used for body acti...

Time for Growth: Investment Opportunities in the Global Watch Market

  The global  watches market  size is expected to reach USD 204.7 billion by 2030, expanding at a CAGR of 9.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. 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 supermar...