Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product Type (Type, Ceramic, Fabric, Leather, Metal, Plastic, Rubber), By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027) (Online, Offline), By Application (Women, Men) And Competitive Landscape
Product Code: ETC435438 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Africa Watch Straps Market is predicted to evolve during the forecast period. Many factors are there owing to which the market is evolving at a faster pace. Rising security concerns and rise in demand for security products are the two key factors driving this industry.
According to 6Wresearch, the Africa Watch Straps Market size is expected to grow during 2022-2028. Many factors are there owing to which the market is evolving at a faster pace. Rising security concerns and rise in demand for security products are the two key factors driving this industry. The advancement in technology is aiding the key players in the market to offer better products with better safety features which is driving the growth of this market. Other major factors driving the market are increasing middle class population, are increasing demand for wristwatches and watches. The demand for these straps is also increasing from the automotive industry since it is one of the biggest users of these straps. The key players in this sector are continuously making progress to come up with the straps that can better meet the needs of their key consumers. The major companies in this sector are benefitting from the rise in infrastructure development of African nations. However, low production efficiency and high cost of raw material are the factors restraining the market growth.
The impact of the pandemic was massive on this sector. Since the people in African countries were confined to their homes owing to the lockdown, this led to disruption in the smooth progression of this sector. Pandemic was the most difficult time for numerous sectors worldwide except some. This sector was one of those sectors that negatively affected by the pandemic because of a major reduction of watch straps. The key consumers of these straps stopped purchasing them that led to reduction in their demand. This sector confronted many challenges, it has now overcome those challenges; thus, the Africa Watch Straps Market share is boosting now.
Based on nations, the Watch Straps Market in Africa can be segmented into South Africa, Nigeria, Kenya, and Rest Of Africa. The demand for watch straps is rising from almost every African nation which is stimulating the market development.
Based on product type, the Africa Watch Straps Industry is divided into Type, Ceramic, Fabric, Leather, Metal, Plastic, and Rubber. In the market, all these segments are making progression in the most efficient manner.
Based on distribution channel, the industry is segmented into Online and Offline. In the market both online as well offline segments are growing at a rapid pace and they will continue growing.
Based on application, the sector is divided into Women, and Men. Both women and men in the continent are the major users of watch straps and they will dominate the sector in the future.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Watch Straps Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Watch Straps Market Revenues & Volume, 2021 & 2028F |
3.3 Africa Watch Straps Market - Industry Life Cycle |
3.4 Africa Watch Straps Market - Porter's Five Forces |
3.5 Africa Watch Straps Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Africa Watch Straps Market Revenues & Volume Share, By Product Type, 2021 & 2028F |
3.7 Africa Watch Straps Market Revenues & Volume Share, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2021 & 2028F |
3.8 Africa Watch Straps Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Africa Watch Straps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Watch Straps Market Trends |
6 Africa Watch Straps Market, 2018 - 2028 |
6.1 Africa Watch Straps Market, Revenues & Volume, By Product Type, 2018 - 2028 |
6.2 Africa Watch Straps Market, Revenues & Volume, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2018 - 2028 |
6.3 Africa Watch Straps Market, Revenues & Volume, By Application, 2018 - 2028 |
7 South Africa Watch Straps Market, 2018 - 2028 |
7.1 South Africa Watch Straps Market, Revenues & Volume, By Product Type, 2018 - 2028 |
7.2 South Africa Watch Straps Market, Revenues & Volume, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2018 - 2028 |
7.3 South Africa Watch Straps Market, Revenues & Volume, By Application, 2018 - 2028 |
8 Nigeria Watch Straps Market, 2018 - 2028 |
8.1 Nigeria Watch Straps Market, Revenues & Volume, By Product Type, 2018 - 2028 |
8.2 Nigeria Watch Straps Market, Revenues & Volume, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2018 - 2028 |
8.3 Nigeria Watch Straps Market, Revenues & Volume, By Application, 2018 - 2028 |
9 Kenya Watch Straps Market, 2018 - 2028 |
9.1 Kenya Watch Straps Market, Revenues & Volume, By Product Type, 2018 - 2028 |
9.2 Kenya Watch Straps Market, Revenues & Volume, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2018 - 2028 |
9.3 Kenya Watch Straps Market, Revenues & Volume, By Application, 2018 - 2028 |
10 Rest of Africa Watch Straps Market, 2018 - 2028 |
10.1 Rest of Africa Watch Straps Market, Revenues & Volume, By Product Type, 2018 - 2028 |
10.2 Rest of Africa Watch Straps Market, Revenues & Volume, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2018 - 2028 |
10.3 Rest of Africa Watch Straps Market, Revenues & Volume, By Application, 2018 - 2028 |
11 Africa Watch Straps Market Key Performance Indicators |
12 Africa Watch Straps Market - Opportunity Assessment |
12.1 Africa Watch Straps Market Opportunity Assessment, By Countries, 2021 & 2028F |
12.2 Africa Watch Straps Market Opportunity Assessment, By Product Type, 2021 & 2028F |
12.3 Africa Watch Straps Market Opportunity Assessment, By Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028), 2021 & 2028F |
12.4 Africa Watch Straps Market Opportunity Assessment, By Application, 2021 & 2028F |
13 Africa Watch Straps Market - Competitive Landscape |
13.1 Africa Watch Straps Market Revenue Share, By Companies, 2021 |
13.2 Africa Watch Straps Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |