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

Myanmar Watch Glass Market Synopsis

The Myanmar watch glass market is highly fragmented. There are a large number of small and medium-sized manufacturers operating in the market. The top five manufacturers account for only a small share of the total market. This fragmentation is expected to continue in the forecast period. Additionally, the overall market is being driven by the growing demand for smartwatches. Smartwatches are becoming increasingly popular, especially among young people. This is driving demand for watch glass, as manufacturers strive to create thinner and more scratch-resistant watch faces. One of the key trends in the Myanmar watch glass market is the growing preference for smartwatches. Smartwatches are becoming increasingly popular among consumers, due to their features such as fitness tracking, notifications, and others. This trend is expected to continue over the forecast period, as more and more. The Myanmar watch glass is a part of the Asia Pacific watch glass market and global watch glass market. 

According to 6Wresearch, the Myanmar watch glass market size is likely to witness growth during 2022-28. The growth is spurred by technological advancements and increased usage of mobile phones are two key factors that have propelled the growth of this market in recent years. Additionally, the declining popularity of watches is one of the major factors driving down the demand for watch glass. In recent years, there has been a shift in fashion trends away from traditional watches and towards smartwatches. This is especially true among younger consumers who are more likely to adopt new technology. As a result, many watch manufacturers are struggling to keep up with this trend and are experiencing declining sales. Further, the other major factor impacting the Myanmar watch glass market is the ongoing trade dispute between the United States and China. This dispute has led to tariffs being placed on a variety of Chinese products, including watch glass. These tariffs have made imported watch glass more expensive, which has put upward pressure on prices. This has made it more difficult for consumers to purchase watch glass, further depressing demand.

Market Analysis By Distribution Channel

The distribution channel for watch glass in Myanmar is quite fragmented. There are a large number of small, local suppliers that sell directly to consumers through small retail outlets. There is also a growing number of online retailers that are starting to gain market share. Further, the largest watch glass supplier in Myanmar is Watch Glass World. They have a significant market share and sell their products through a network of authorized dealers and distributors. Additionally, the second largest supplier is Myanmar Watch Glass Company. They have a smaller market share but sell their products through a larger network of authorized dealers and distributors. Moreover, other notable suppliers include Ace Watch Glass, Diamond Watch Glass, and Emerald Watch Glass.

Market analysis by Competitive Landscape

The Myanmar watch glass market is highly competitive. There are a large number of manufacturers operating in the market, all of which are vying for a share of the pie. The top three companies hold majority of the market share. Additionally, the competition among manufacturers is also intense when it comes to pricing. With so many players in the market, each manufacturer is under pressure to keep prices low in order to remain competitive. This puts downward pressure on margins and makes it difficult for manufacturers to achieve profitability.

COVID-19 Influence on the Myanmar Watch Glass Market 

The economy has suffered largely due to the Covid-19 outbreak. Myanmar's watch glass market is expected to experience negative growth in the coming years. A variety of factors are contributing to this negative outlook, including a decline in the number of people wearing watches and a shift in consumer preference towards smartwatches.

Major Companies in the Market 

Major key players operating in the Myanmar Watch Glass Market are:

• Asahi Glass Co., Ltd.
• Citizen Watch Co., Ltd.
• Essilor International S.A.
• Samsung Display Co., Ltd.
• Schott AG
• SWATCH Group SA.

Key Attractiveness of the Report

• COVID-19 Influence on the Market Dynamics.
• 10 Years of Market Data.
• Historical Numbers from 2018 to 2021.
• Base Year: 2021
• Market Forecast Data Until 2028
• Key Performance Indicators Influencing the Market.
• Key Developments and Projects.

Key Highlights of the Report

• Myanmar Watch Glass Market Outlook
• Market Size of Myanmar Watch Glass Market, 2021
• Forecast of Myanmar Watch Glass Market, 2028
• Historical Data and Forecast of Myanmar Watch Glass Revenues & Volume for the Period 2018 - 2028
• Myanmar Watch Glass Market Trend Evolution
• Myanmar Watch Glass Market Drivers and Challenges
• Myanmar Watch Glass Price Trends
• Myanmar Watch Glass Porter's Five Forces
• Myanmar Watch Glass Industry Life Cycle
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Glass watch glasses for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Plastic watch glasses for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Enterprise for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By School for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Personal for the Period 2018 - 2028
• Historical Data and Forecast of Myanmar Watch Glass Market Revenues & Volume By Other for the Period 2018 - 2028
• Myanmar Watch Glass Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Myanmar Watch Glass Top Companies Market Share
• Myanmar Watch Glass Competitive Benchmarking By Technical and Operational Parameters
• Myanmar Watch Glass Company Profiles
• Myanmar Watch Glass Key Strategic Recommendations

Markets Covered

The report delivers an extensive study of the subsequent market segments:

By Type

• Glass Watch Glasses
• Plastic Watch Glasses

By Application

• Enterprise
• School
• Personal
• Other