Global Watch Market Analysis, Technologies & Forecasts to 2024

Watches are used as an important accessory, both in terms of utility as well as fashion. A new report on the global watch market, published by Market Research Future (MRFR), concludes that this market can advance at 6.7% CAGR between 2019 and 2024. In terms of money value, the market can be worth USD 75.8 Bn by the end of the forecast period.

The vital market driving factors for the global watch market growth include changing lifestyles, changing market trends, and growing customization of personal accessories. Other factors contributing to the global watch market growth include rising craze for fashionable watches, availability of multipurpose watches, increasing disposable income, investment from many big accessory brands on watch manufacturing, and the growing number of watch retailers. The trend of smartwatches that can be synced with smartphones is also surging the demand for smartwatches. However, factors that can hamper the market growth include easy availability of counterfeit products and increase in the presence of unorganized players.

Market Segmentation

The global watch market segmentation encompasses category, distribution channel, end-user, and type. MRFR’s take on the market surveys various facets of the market in-depth.

The category-based segmentation of this market covers mechanical watches, quartz watches, and others. During the forecast period, the quartz watches segment can dominate the market due to the low price and easy maintenance of quartz watches. Quartz watches segment can also be the fastest-growing market due to the popularity of quartz watches among consumers. The qualities that make the quartz watches popular include accuracy, durability, and precision.

Regarding the distribution channel, the market has been segmented into store-based distribution channel and non-store-based distribution channel. The store-based distribution channel segment can be sub-segmented into specialty stores, supermarkets & hypermarkets, and others. Non-store-based distribution channels include e-commerce portals and online retailers. The store-based distribution channel segment can dominate the market by generating the highest revenue due to high product appeal and strong vendor networks. However, non-store-based distribution channels can experience faster growth due to growing consumer preference for online purchase and technological advancements in the e-commerce industry.

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Based on end-user, the market has been segmented into men watches, women watches, and unisex watches. During the forecast period, the men watches segment can dominate the global market due to increasing demand for watches as a wearable accessory and the availability of a wide collection of men’s watches. Unisex watches segment can become the fastest growing market segment as it has the potential of generating the larger consumer base due to its gender-neutral nature that includes carefully chosen appearance, colors, and features.

Motorcycle Apparel Market Growth by top Companies and Product Scope

Motorcycle apparel is personal protective clothing or equipment for safe riding. It includes helmets, jackets, gloves, shoes, pants, and base layers. The apparel protects riders in crashes and from inclement weather. Global Motorcycle Apparel Market Research is estimated to be valued at USD 12,303.4 Million by 2024 and is expected to register a CAGR of 7.11% during the forecast period.    

North America was the largest market for motorcycle apparel in 2018 and the regional market is expected to maintain its dominance during the review period. Europe held a significant market share and was the second-largest market for motorcycle apparel in 2018. In Europe, the market in Germany is projected to exhibit the highest growth rate of 7.64% during the forecast period. However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Increasing per capita disposable incomes in the region have led to the rising sales of motorcycles and motorcycle apparel.    

Motorcycle Apparel Market Segmental Analysis

The global motorcycle apparel market has been segmented based on product type, end use, distribution channel, and region.

By product type, the market has been divided into helmets, jackets, gloves, shoes, pants, base layers, and others. The helmets segment accounted for the largest market share in 2018. Stringent regulations mandating the use of helmets in most countries have boosted the growth of the segment. Moreover, regulations for helmet manufacturers to offer lighter and safer products will drive the growth of the segment. However, the gloves segment is projected to register the highest CAGR during the forecast period. Growing awareness of the need to protect hands while riding is driving the growth of the segment.

Based on end use, the global motorcycle apparel market has been classified as on-road motorcycle apparel and off-road motorcycle apparel. The on-road motorcycle apparel segment accounted for the larger market share in 2018. There are more on-road than off-road motorcyclists, which is driving the growth of the segment. Moreover, the on-road motorcycle apparel segment is projected to exhibit the higher CAGR during the forecast period.

Based on distribution channel, the global motorcycle apparel market has been segmented into store-based and non-store-based segment. The store-based segment accounted for the larger share of the market in 2018 owing to consumer preference for a one-stop shopping experience. However, the non-store-based segment is projected to register the higher CAGR during the forecast period. Companies find it convenient to reach consumers in different regions through e-commerce, thereby driving the growth of the segment.

Motorcycle Apparel Market Players

Market Research Future  recognizes KLIM Industries Inc. (US), KIDO Sports Co. LTD (KIDO Sports) (South Korea), HJC Inc. (South Korea), Foshan Nanhai Xinyuan Helmets Co., Ltd. (China), Lanxi Yema Motorcycle Fittings Co., LTD. (China), Dunham’s Athleisure Corporation (US), Chih Tong Helmet Co., Ltd. (Zhitong Enterprise) (China), Hanil Co., Ltd. (South Korea), Soaring Helmet Corporation (Vega Helmets) (US), and Zhuhai Safety Helmets MFG Co., Ltd. (China) as the key players in the global motorcycle apparel market.

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Motorcycle Apparel Market Regional Analysis

Geographically, the global motorcycle apparel market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the market, accounting for the largest share, in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 7.51% during the assessment period. The European market accounted for the second-largest market share in 2018. The market in Europe is estimated to reach USD 3,847.3 million by the end of 2024, with Germany being the leading country-level market.

Luxury Handbags Market Future Emerging Trends, Growth Opportunities 2024

A luxury handbag is known for its premium quality and its size covers both medium and large-sized handbags. The Global Luxury Handbags Industry Segmentation has the potential to surpass the estimated valuation of USD 33.94 billion at a CAGR of 6.8% during the forecast period of 2019 to 2024. The category is mostly known for being a status symbol, which according to Market Research Future (MRFR), is expected to play a big role in the global market. The growing participation from several companies in building a more integrated market would assist the market in its growth in the coming years.

Luxury handbags are costlier than the conventional handbags mainly due to the material used in their making, finishing, and design. Luxury handbags make a style statement in the fashion world and are even custom-made to suit the needs of the buyer.

The market for global luxury handbags has its foundation in an in-depth study. The study relies on a segmentation based on material type, type, consumer group, and distribution channel.

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By type, the market for luxury handbags can be segmented into crossbody bags, clutches, satchels, shoulder bags, tote bags, hobo bags, briefcases, and others. These types have significant market traction as their clientele is quite huge.

By material, the market for luxury handbags includes several types like cotton, leather, synthetic, and others. The leather type has a substantial market coverage. The cotton type can also make notable market penetration.

By consumer group, the luxury handbags market can include men, women, and unisex.

By distribution channel,the market for luxury handbags can be segmented into store-based and non-store-based. Due to hike in e-commerce section the global non-stored based channel can witness significant growth. However, the store-based segment would also enjoy the presence of a number of clients who prefers to experience before buying.

Region-wise analysis in the report of the market for luxury handbags cover the inclusion of North America and Europe as strong revenue-generators. The Asia-Pacific (APAC) region has been named as a potential game-changer and the Rest of the World (RoW) would show a moderate growth.

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Europe is at the top of the global market and it shows immense potential to retain that position in the coming years as well. A number of companies are operating from the region, which gives the region an advantage owing to which the market would rise significantly in the coming years as well. This would be triggered by high per capita income and better inclusion of trendy products. The APAC region would gain much from growing disposable income and a massive population. The region would also make substantial profit from the e-commerce segment. At the same time, improvement in logistics to make sure that the online market grows at a rapid pace. China, Japan, India, and others are expected to become important markets.

Hair Color Market by Manufacturers, Regions, Type and Application, Forecast To 2024

Hair color has become one of the most popular products in the personal grooming and styling category. Hair color is used to enhance appearance with a variety of products available for different looks. Manufacturers have introduced products with various characteristics and forms to meet consumer demand for different hair styling looks. This is expected to drive the demand for hair color across the world.

The global hair color market has been segmented by type, function, distribution channel, and region.

Based on product type, the global hair color market has been segmented into permanent and temporary. The permanent segment is projected to be the largest and fastest growing during the forecast period. Permanent hair color is a one-time investment with sales driven by the need to cover gray hair. This type of hair color saves time and energy without the need for frequent reapplication. There is a variety of permanent hair colors available in the market with manufacturers launching new products for long-lasting color while causing minimal damage to the elasticity of hair.

The global hair color market has been segregated, by form, into powder, cream, and others. The cream segment is projected to gain the major share, in terms of revenue, of the global hair color market during the forecast period. Hectic lifestyles have led to a preference for easy-to-use and convenient products. Cream hair colors are easier to apply and are also more consistent than other forms of hair color.

By distribution channel, the global hair color market has been segmented into store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, specialty stores, and others. The store-based segment is projected to account for the larger market share during the review period due to the widespread availability of hair color in supermarkets and hypermarkets. Moreover, there is a higher preference for store-based channels among consumers as they provide a one-stop shopping experience. However, the non-store-based segment is projected to register the higher CAGR during the assessment period with the increasing sales of personal care products on e-commerce platforms.

Key Players

Some of the key players in the global hair color market are L'Oréal S.A. (France), Avon LLC (UK), Revlon Consumer Products Corporation (US), Conair Corporation (US), The Estée Lauder Companies Inc. (US), Godrej Consumer Products Limited (India), Hoyu Co., Ltd (Japan), Coty, Inc. (US), The Procter & Gamble Company (US), and World Hair Cosmetics Co Ltd (Hong Kong).

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Regional Analysis

The global hair color market has been segmented, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the global hair color market owing to high disposable incomes of consumers who are willing to spend on high-quality hair products to enhance their appearance and keep up with changing fashion trends.

The market in Asia-Pacific is expected to be the fastest-growing as there are affordable products available in different varieties in the region. The growing popularity of salons is also boosting the demand for hair colors in Asia-Pacific.

Global Mattress Market Challenges, Key Players, Industry Segments, Growth, Opportunities, Forecast Report 2024

Global mattress market is estimated to be valued at USD 49,498.8 million by 2024 and is expected to register a CAGR of 7.21% during the forecast period.

The innerspring segment dominated the Global Mattress Market, by type, and is projected to reach usd 18,308.3 million by 2024. This can be attributed to the high sales of innerspring mattresses due to their affordability and comfort. However, the hybrid segment is projected to be the fastest growing during the forecast period.

North America dominated the market, accounting for the largest share of the market in 2017, and the regional market is expected to register a CAGR of 6.50% during the review period. The market in Asia-Pacific was the second largest in 2017. It is projected to reach USD 15,557.5 million by the end of 2024, with China being the leading market.

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Segment Analysis

The global mattress market has been segmented based on type, end user, and region. Based on type, the market has been divided into memory foam, hybrid, innerspring, latex, gel-filled, and others. The innerspring segment held the majority market share in 2017. However, the hybrid segment is projected to be the fastest-growing, followed by the gel-filled mattress segment. Optimal pressure relief, healthy weight distribution, temperature regulation, high durability, and suitability to all sleep positions are some of the features boosting the popularity of gel-filled mattresses around the world.

Based on end user, the market has been divided into residential and commercial. The residential segment accounted for the larger market share in 2017. The demand for mattresses in residential applications is increasing significantly due to the growing population and increasing number of households in emerging economies. However, the growing number of hotels, motels, five-star resorts, hospitals, schools, and commercial facilities is directly influencing the demand for mattresses for commercial use across the globe. Commercial-use mattresses are offered in custom sizes and sold in bulk.

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Regional Analysis

Geographically, the global mattress market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America was the largest market for mattresses in 2017 and is expected to remain dominant during the review period. Asia-Pacific accounted for a significant market share in 2017 and is projected to be the second-largest market during the forecast period. The rising demand for hybrid and gel-filled mattresses is a key trend gaining traction in the US mattress market. The US accounted for the largest share of 69.97% of the North American market in 2017 and the country-level market is projected to register a CAGR of 6.32% during the forecast period.

Furniture Market Growth, Insights competitor Strategy and Forecast to 2024

The global furniture market is estimated to be valued at USD 654.60 billion by 2025 and expected to grow at a CAGR of 2.64% during the forecast period. The wood segment of the furniture accounted for the largest market share in the material type segment. However, melamine segment has been projected to grow at the highest CAGR on account of increasing demand in Asia-Pacific and its low cost.

However, the only bottleneck in a growth trajectory of the global Furniture Industry is the high prevalence of the unorganized sector in the furniture industry.

Among the furniture type, sofas accounted for the largest market share of 23.3% in 2018, closely followed by beds in the second place. However, the cabinets segment is expected to grow with the highest growth rate of 3.00% during the forecast period.

Segment analysis

Global furniture market has been segmented on the basis of type, material type, furniture type, end-use, and region. On the basis of type, the market has been divided into RTA and non-RTA. Ready-to-assemble furniture (RTA), also referred to as knock-down furniture (KD), flat pack furniture, or kit furniture, is a form of furniture that requires customer assembly. The popularity of RTA furniture is rising since it has become consumer-friendly owing to improved materials, hardware, and design innovation. Non-RTA furniture is fully assembled furniture that does not require the need for assembling and are sold by suppliers after completing the required fitting and assembling. The non-RTA furniture is finished with the highest quality and high appeal since it comes assembled from the supplier. The non-RTA accounts for a higher market share compared to the RTA furniture type. However, non-RTA is expected to propel with the highest growth rate of 3.83% during the forecast period.

Based on material type, the global furniture market is segmented into wood, melamine, glass, steel, wrapped panels, finished foils, laminates, and lacquered panels. Wood is one of the most popular and demanded materials for furniture across the globe, owing to its long lifespan. Wood is expected to account for the largest market share of 27.5%, in 2018, among all other material types. Furniture made with melamine have properties such as smooth surface, uniform structure, durable, resistant towards wear and tear, and corrosion resistant caused by general acid, alkali, grease, and alcohol. Melamine furniture also possesses a decorative function since the surface of melamine has a layer of melamine paper, which is artificially controlled by furniture manufactures. Melamine segment is expected to grow with the highest CAGR of 3.10% over the forecast period.

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On the basis of furniture type, the global furniture market is segmented into chairs, sofas, tables, beds, cabinets, and others. Sofas are covered with a wide choice of synthetic, natural, or blended fabric. The design, comfort, and elegance of sofas are the critical factors affecting the buying decision of consumers, across the globe. Sofas segment are expected to account for the highest market share of 27.3%, in 2018, followed by beds. However, the cabinets are expected to have the highest growth rate of 3.00%, during the forecast period.

By end-use, the global furniture market has been segmented into commercial and household segments. The household segment accounted for the larger market share of 76.4% in 2018 in comparison to commercial segment. The household segment has been further segmented into kitchen, bedroom, living room, storage, home office, and others. However, the commercial segment is projected to exhibit a higher CAGR of 3.56% during the forecast period.

Athleisure Market SWOT Analysis and Competitive Landscape by 2024

According to distribution channel, the market for athleisure has been divided into store-based and non-store-based. The store-based segment which is expected to dominate the athleisure market mainly because of the advantage of touch and feel, which is not the case with online retail. However, online retail for the industry is expected to outplay brick and mortar retail in the coming years due to competitive pricing and buying convenience.

The Athleisure Market is on the rise due increasing involvement of developing nations into sports and fitness activities. Also, the increasing disposable income and active brand promotions has led to the popularity and increased market sales. Athleisure includes apparels such as sneaker, joggers, leggings, hoodies, and many more. Many companies used high-end performance enhancing materials for their making while the many apparels are not defined in their athletic performance enhancing abilities.

Under Armour, Inc. (US), Lululemon Athletica (Canada), Adidas AG (Germany), Nike, Inc. (US), H&M (Switzerland), Eysom (US), Outdoorvoices (US), Ten Thousand, Inc. (US), Isaora (US), Human Performance Engineering (UK).

The Global Athleisure Market has been segmented based on apparel type, end-use, distribution channel, and region.

By apparel type the market is segmented into sneakers, yoga pants, shorts, sports bras, leggings, tights & joggers, sports jackets, and others.

By end-use the market is segmented into men and women.

The global athleisure market has been classified based on distribution channel into store-based and non-store-based.

The global athleisure market has been regionally segmented into North America, Europe, Asia-Pacific, and Rest of the World.

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North America is expected to dominate due to higher product awareness and high demand of smart sports apparels and activewear in the region. Europe also has a very high market potential with many millennials and baby boomers opting for trendy sportswear. However, market for Asia-Pacific is expected to propel with the fastest growth rate during the forecast period. Large population size and increasing disposable income in the region are expected to fuel the market of athleisure during the forecast period. Other factors helping the market in the region includes growing awareness related to smart fabrics and increasing participation into sports and gym activities.

Asia Pacific is expected to grow the fastest during the forecast period. Increasing brand awareness mainly due to the celebrity brand endorsements of products and increasing population involvement into health and fitness related activities are some of the reasons for the market growth. China is expected to dominate the Asia Pacific market due to large population size with medium to high disposable income. Asia Pacific is expected to be the fastest growing market for athleisure due to growing disposable income and growing awareness of products due to social media in the region. Also, increasing indulgence into sports and sports related activities in the region is expected to propel the market with the highest growth rate.