Published on : May 18, 2018
Albany, New York, May 18, 2018: Advancements in technology has led leading manufacturers across various industries to develop effective and accurate time measurement devices to meet important objectives. Increased production of accurate time measuring devices is expected to contribute towards growth of the global watch, clock, and measuring device market. In a newly published report titled, ‘Watch, Clock and Measuring Device Manufacturing: Global Markets Through 2022’, Market Research Hub (MRH) provides crucial insights on the impact of recent market trends that are aimed to ensure sustainable growth in the market.
Snapshot of Watch, Clock and Measuring Device Manufacturing Market
Growing need to multi task has led to a surge in demand for smart wearable devices that enables the end users to monitor and manage deliverable on deadlines. Leading manufacturers are developing novel devices such as smart watch, which offers features that are a functional amalgamation of watch and mobile phones. Adoption of these devices enhances the end user experience by limiting the constantly updating the individuals about the deadlines and also helps in managing multiple devices. These technological features in the watches and clocks have crafted growth prospects for the watch, clock manufacturing industry.
Increased production of luxury watches have also contributed towards the steady growth of the watch, clock and measuring device manufacturing market significantly. In contrast to the traditional luxury watches, which were made of solid gold, leading manufacturers are focusing on utilizing the novel materials such as platinum, steel, and ceramics for the production of contemporary luxury watches. In addition, major electronic manufacturers are concentrating on incorporating novel and innovative technological features such as 3D technology in various watches, clocks, and measuring devices to offer technically-immersive experience to the customers. Some of the leading companies who have gained prominence by incorporating 3D technology in their watches include Franc Falco, Rolex, Holthinrichs Watches, and Swiss Watches.
Wearable devices have gained popularity among fitness and health conscious individuals today. Banking on the growing requirements of the fitness conscious individuals, leading manufacturers are focusing on diverting their investments towards incorporating optimized digital solutions that match with their expectations. Also, manufacturers are concentrating on broadening their product line by accommodating novel products such as hybrid watches, which offer specific features that offer similar functionality of smart watches to the end users, however retaining the look of the traditional analog watch. Through product differentiation and innovation, leading companies are focusing on improving their position in the competitive market.
Segmentation of Watch, Clock and Measuring Device Manufacturing Market
Valuable information compiled in the report offers a comprehensive summary pertaining to the market and critically enlists important elements that are impacting growth prospects of the market. The report also offers an in-depth understanding about the market definition and dynamics that informs the readers about the different factors that shape up the market growth. Further, the report also outlines critical insights on the current developments and trends that are driving growth of the market and impacting customer’s purchase journey. Readers can use this information and implement right business decisions.
Key Players Identified in Watch, Clock and Measuring Device Manufacturing Market
Valuable insights encapsulated in the report outlines vital inferences on various strategies adopted by major companies and its impact on the customer’s purchase decisions. Based on the insights offered in the report, key players and new market entrants can articulate precise deductions and important strategies for making improved investment decisions. Some of the successful companies operating in the market include Apple Inc., Samsung Electronics Co., Ltd., Fitbit, Inc., Huawei Investment & Holding Co., Ltd., and Garmin Ltd. among others.
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