GCC Wrist Watch Market Overview
As per recent research by MarkNtel Advisors, the GCC Wrist Watch Market is projected to grow at a CAGR of around 5.14% during the forecast period, i.e., 2023-28.
GCC Wrist Watch Market Dynamics
Market Drivers : Rising inclination of the Female Customers Towards Watches with Diamonds and Blin
The GCC region has always been known for its affluent lifestyle, where the customers mostly prefer to wear luxurious accessories like royal wrist watches, etc. Due to this, the market of wrist watch has been constantly growing in the countries such as the UAE, Saudi Arabia, Oman, etc. The female customers have been looking for a luxurious timepiece, which has led to improved sales of luxury watches subsequently improving the demand for wrist watches in the region in the historical years. Furthermore, the sales of female wrist watches made with gold, diamond, etc., are expected to increase in the forecast years, due to the growing inclination of female customers to enhance their wardrobe with these premium accessories.
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GCC Wrist Watch Market Segmentation Overview 2023-2028: Key Factors
By Type
-Luxury (Above USD1,500)
-Mid-Luxury (USD301-USD1,500)
-Economy (USD101-USD300)
-Low (Up to USD100)
By Country of Origin
-Japanese
-Swiss
-Others
By Category
-Analog
-Digital
-Analog & Digital
-Smart
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GCC Wrist Watch Market Geographical Insights:
By Country
-Saudi Arabia
-The UAE
-Qatar
-Kuwait
-Bahrain
-Oman
Key Players and Competitive Strategies in the GCC Wrist Watch Market
Several prominent players dominate the GCC Wrist Watch Market, including:
- Audemars Piguet
- Patek Philippe
- Rolex
- Seiko Watch Corporation
- Piaget
- TAG Heuer
- Breguet
- CASIO COMPUTER CO., LTD.
- Invicta Watch Group.
- Gucci
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Questions Addressed in this Study
1.How big is the GCC Wrist Watch Market Size?
2.What is the GCC Wrist Watch Market Growth?
3.Who are the key players of the GCC Wrist Watch Market?
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