Market Forecast by Countries (United States, Canada), By Type (Glass watch glasses, Plastic watch glasses), By Application (Enterprise, School, Personal, Other) And Competitive Landscape
Product Code: ETC403814 | Publication Date: Aug 2022 | Updated Date: Jul 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Watch Glass Market |
Forecast Period | 2024-2030 |
CAGR | 5.2% |
Growing Sector | Manufacturing |
The North America Watch Glass Market Report thoroughly covers the market by Countries, Type and Application. The North America Watch Glass Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Watch Glass Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The North America Watch Glass market is experiencing significant growth due to the popularity of luxury goods and large consumers with disposable income. In addition, technological developments aimed at improving the quality and performance of watch glass also contribute to the growth of the market. Companies are prioritizing new designs and products to attract customers. Furthermore, the rise of personalized and custom-made watches also helps the market to grow. Overall, the North America Watch Glass market is growing well and has growth potential.
According to 6Wresearch, the North America Watch Glass Market is projected to grow at a CAGR of 5.2% during 2024-2030. One of the main drivers of the North America Watch Glass market is the increasing demand for luxury watches as consumers seek quality timepieces that combine function and status. Additionally, advances in manufacturing technology have improved the durability and beauty of watch glass, making it more popular among manufacturers and consumers. Furthermore, the increasing disposable income of the middle class, has led many people to invest in high-quality watches. Moreover, the growth of personalized and custom watches is increasing the demand for watch glass and allowing customers to personalize their watches to their own unique tastes.
However, the North America Watch Glass market faces many challenges that hinder its growth. One of the biggest challenges is the fierce competition from international brands that provide advanced technology and superior quality, making it difficult for local companies to enter the business. In addition, changes in raw materials prices due to disruptions in the global market affect the growth of the market by affecting production costs and companies' income. Furthermore, the lack of skilled workforce limits the growth potential of the business by restricting its ability to innovate and produce good products efficiently. Finally, strict regulations and import and export restrictions hinder the growth of the market.
Some of the prominent players in the North America Watch Glass market include Corning Inc., Seiko Holdings Corporation, Asahi Glass Co. Ltd., Schott AG, Fossil Group and Saint-Gobain. These companies have a strong presence in the North American market and provide high-quality glass for some of the top luxury watch brands.
North American governments have a significant impact on the growth of the Watch Glass market through a number of initiatives. One of the main initiatives is the U.S. government's Advanced Manufacturing Partnership (AMP), which aims to increase manufacturing by supporting innovation and increasing business competitiveness. Additionally, the Canadian government's Strategic Innovation Fund provides financial support for high-quality manufacturing projects, including those related to watch glasses. Furthermore, Canada's Clean Growth Program encourages the creation of eco-friendly watch glass materials by promoting sustainable industrial practices. Moreover, Mexico's National Development Plan focuses on product development and innovation, which provides a favourable environment for the watch glass market to thrive.
The North America Watch Glass market is expected to expand in the coming years. This growth is driven by demand for luxury watches and advances in product technology. In addition, increasing expenses and interest in quality products also contribute to the growth of the market. Major players in the industry focus on innovation and quality to remain competitive. Overall, the future of the North America Watch Glass market looks promising with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is driven by the high disposable income and strong demand for luxury watches.
Based on Type, the glass watch glasses segment is the leading segment in the industry and will continue to grow in the coming years. This reason for this growth is due to the superior quality and durability of glass compared to plastic watch glasses.
In terms of Application, the personal segment is the dominant segment in the industry and will continue to grow in the coming years. This can be attributed to the growth of customization and personalization in the watch industry, as consumers are willing to pay premiums for watches that reflect their personal style and preferences.
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 North America Watch Glass Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Watch Glass Market Revenues & Volume, 2020 & 2030F |
3.3 North America Watch Glass Market - Industry Life Cycle |
3.4 North America Watch Glass Market - Porter's Five Forces |
3.5 North America Watch Glass Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Watch Glass Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 North America Watch Glass Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 North America Watch Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Watch Glass Market Trends |
6 North America Watch Glass Market, 2020 - 2030 |
6.1 North America Watch Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 North America Watch Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
7 United States Watch Glass Market, 2020 - 2030 |
7.1 United States Watch Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 United States Watch Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Canada Watch Glass Market, 2020 - 2030 |
8.1 Canada Watch Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 Canada Watch Glass Market, Revenues & Volume, By Application, 2020 - 2030 |
9 North America Watch Glass Market Key Performance Indicators |
10 North America Watch Glass Market - Opportunity Assessment |
10.1 North America Watch Glass Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Watch Glass Market Opportunity Assessment, By Type, 2020 & 2030F |
10.3 North America Watch Glass Market Opportunity Assessment, By Application, 2020 & 2030F |
11 North America Watch Glass Market - Competitive Landscape |
11.1 North America Watch Glass Market Revenue Share, By Companies, 2020 |
11.2 North America Watch Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |