A pocket watch is a small watch attached with a chain that is intended to carry in the pocket of a jacket, waistcoat, lapels or belt loop so to prevent them from being dropped. Such watches are also attached with short leather strap or fob when a long chain proves to be cumbersome. It is a popular fashion accessory was invented in the 17th century. Pocket watch is a collectable item and people store it for long periods. The design of pocket watches have seen various advancement and changes over the years. Pocket watches have different mechanism of operation such as key set, stem-set, lever-set, and pin-set.

Increase in millennial population creates income opportunities which is projected to drive the growth of the global pocket watch market. Growth in disposable income of consumers increases the demand for pocket watches. Compared to previous years, lifestyles and spending behavior of people have changed significantly. People these days spend and indulge on luxury products. Manufacturers are focusing on distribution channels to make their products available even in remote areas. Major manufacturers are now focusing on the online channel for distribution of products. Growth in penetration of internet users and availability of internet in remote areas is increasing the demand for pocket watches. Pocket watch is a premium product and some manufacturers are designing these watches with gold and other premium metals apart from adding diamonds and other precious metals to it. Manufacturers are also launching exclusive products for a limited time to make them more popular. In March 2018, Citizen Watch Co. launched Citizen Caliber 0100 Eco-Drive pocket watch which is equipped with solar power and gives accurate time to within ± one second. This watch uses self-correcting technology in order to provide precise timing.

However, slow growing economies are a restraint to the demand for pocket watches. Pocket watch is a mechanical device which needs regular maintenance and repair which may increase the expenditure of consumers. Pocket watch is not easy to use when compared to wrist watch and its considerable weight may be a concern for some consumers. High cost of pocket watches is also restraining the growth of the market. These factors are expected to decrease the demand for pocket watches during the forecast period.

The global pocket watch market can be segmented based on product, type, distribution channel, and region. Based on product, the pocket watch market can be classified into open face/ dial pocket watch, full hunter pocket watch, half hunter pocket watch, double hunter pocket watch, and double half hunter pocket watch. In the product segment, open face pocket watch and full hunter pocket watch hold a major share of the market. Open face pocket watch does not have any cover and consumers can easily read the time on the watch. Full hunter pocket watch has an outer casing which protects the glass of the watch. This watch became very popular in the 18th century. Based on type, the global pocket watch market can be bifurcated into key set, stem-set, lever-set, and pin-set. In terms of distribution channel, the pocket watch market can be categorized into online and offline channel. Offline channel is further segmented into hypermarkets and supermarkets, exclusive stores, multi-brand stores, and departmental store. Based on region, the pocket watch market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Some of the key players active in the global pocket watch market are Thor Instruments Co., Tissot S.A., Patek Philippe S.A., Seiko Epson Corporation, Officine Panerai, Cartier International SNC, Stephen Bogoff, Fossil, Inc., Omega SA, and Citizen Watch Co.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Pocket Watch Market

Pre Book