Bangladesh Watch Straps Market (2022-2028) | Trends, Value, Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Segmentation & COVID-19 IMPACT

Market Forecast By Product Type (Type, Ceramic, Fabric, Leather, Metal, Plastic, Rubber), By Distribution Channel (Online, Offline), By Application (Women, Men) And Competitive Landscape

Product Code: ETC432988 Publication Date: Nov 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Bangladesh Watch Straps Market Synopsis

Bangladesh Watch Straps Market is anticipated to grow at tremendous rate in the forthcoming years by the growing demand for watches from the country's rapidly growing middle-class population, rising disposable incomes, and changing lifestyles, and increased demand for premium and branded watches. Additionally, the growing popularity of online shopping is providing a boost to the sales of watch straps through e-commerce mediums.

However, the growth of the Bangladesh Watch Straps Market is being hindered by the presence of counterfeit products in the market and high cost of luxury brands. Therefore, the easy availability of bogus watch straps at lower prices is restraining buyers from opting for premium products. Additionally, buyers are also becoming more price-sensitive due to the economic slowdown which is likely to hamper the Bangladesh Watch Straps Market size during the forecast period.

According to 6Wresearch, Bangladesh Watch Straps Market is expected to grow during 2022-2028. The Asia Pacific Watch Straps Market is anticipated to grow at a CAGR of XX% in the upcoming years owing to the growing demand for wristwatches and the rise in discretionary expenses. Additionally, the growing popularity of wristwatches among the youth population and the changing fashion trends are expected to drive the Bangladesh Watch Straps Market Growth in the coming years. However, the high cost of some luxury branded watch straps and the presence of counterfeits products are restraining the growth of this market. 

The technological advancements are also fuelling the demand for watches with straps that offer enhanced comfort levels and durability. Furthermore, growing consumer awareness about health benefits associated with wearing a watch also contributes to growth prospects of the Bangladesh Watch Strap Market.

Impact of COVID-19 on Bangladesh Watch Straps Market

The COVID-19 pandemic influenced the Bangladesh Watch Straps Market in various negative ways as the epidemic bolstered the need of essential merchandises and declined the demand for luxury or non-essential products mainly due to financial cause. Moreover, many individuals lose their jobs during the pandemic and various industries or businesses have to face slowdown in production which leads to severe losses. Consequently, the demand for Bangladesh Watch Straps Industry has fallen and suffered during the outbreak.

Competitive Landscape of Bangladesh Watch Straps Market

The competitive edge of Bangladesh Watch Straps Market is highly competitive with several major players competing in the market for significant market share. The leading companies are determined to provide quality products to their customers.

Market analysis by Product Type

Based on Product Type, the market is diverged into Ceramic, Fabric, Leather, Metal, Plastic, and Rubber. The Leather watch strap segment is expected to dominate the Bangladesh Watch Straps Market Share of XX% in the coming years. The dominance of leather can be attributed to the traditional preference for this material in watch straps as well as its availability in a wide range of designs and colors. On the other hand, the Metal watch strap segment is projected to grow during the forecast period.

Market analysis by Distribution Channel

By Distribution Channel, the offline channel is expected to account for the significant share of the Bangladesh Watch Straps Market.

Market analysis by Application

By Application, the men's watch segment is expected to account for the largest share of the Bangladesh Watch Straps Market whereas the women's watch segment is anticipated to grow during the forecast period.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Bangladesh Watch Straps Market Outlook
  • Market Size of Bangladesh Watch Straps Market, 2021
  • Forecast of Bangladesh Watch Straps Market, 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Revenues & Volume for the Period 2018 - 2028
  • Bangladesh Watch Straps Market Trend Evolution
  • Bangladesh Watch Straps Market Drivers and Challenges
  • Bangladesh Watch Straps Price Trends
  • Bangladesh Watch Straps Porter's Five Forces
  • Bangladesh Watch Straps Industry Life Cycle
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Product Type for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Type for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Ceramic for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Fabric for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Leather for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Metal for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Plastic for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Rubber for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Online for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Offline for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Application for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Women for the Period 2018 - 2028
  • Historical Data and Forecast of Bangladesh Watch Straps Market Revenues & Volume By Men for the Period 2018 - 2028
  • Bangladesh Watch Straps Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Distribution Channel
  • Market Opportunity Assessment By Application
  • Bangladesh Watch Straps Top Companies Market Share
  • Bangladesh Watch Straps Competitive Benchmarking By Technical and Operational Parameters
  • Bangladesh Watch Straps Company Profiles
  • Bangladesh Watch Straps Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

  • Ceramic
  • Fabric
  • Leather
  • Metal
  • Plastic
  • Rubber

By Distribution Channel

  • Online
  • Offline

By Application

  • Women
  • Men
Bangladesh Watch Straps Market: FAQs
The high of luxury watches and presence of counterfeit products are the major challenges faced by the Bangladesh Watch Straps Industry.
Yes, this report covers the COVID-19 pandemic influence.
The Asia-Pacific region is expected to be the largest market for watch straps during the forecast period.
The forecast period of this report is 2022-2028.
The increasing demand for wristwatches among youth individuals, changing fashion trends, and increasing discretionary expenses are expected to drive the market growth.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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