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Global Watches and Clocks Market to Reach US$47.4 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) February 02, 2012

Follow us on LinkedIn Watches and clocks are considered as fashion articles in modern times, and precision and reliability are no longer sufficient to satisfy buyers. Styling, design, and affordable pricing are important criteria influencing the sale of these articles. Wristwatches comprise a major portion of the watches and clocks industry, and though the worldwide market for wristwatches is experiencing volume growth, there has been no appreciable increase in value sales due to declining unit prices. Wristwatches are also experiencing fierce competition from electronic gadgets such as cell phones, MP3 players, iPods, digital radios and other electronic devices, which also display time.

Popular types of watches include watches for office goers, sports watches, watches for teenagers, as well as watches as fashion pieces. Apart from conventional materials such as leather and metal, manufacturers are experimenting with various materials including wood and high-tech ceramics. In the mature markets, such as US and Europe, growth is expected to be derived from expensive advertising campaigns, as well as from the sale and manufacture of more luxurious and fashionable pieces. Growth in the watches and clocks industry is forecast to be highest in Asia-Pacific and Latin America due to increasing income levels, consumer awareness, and socio-cultural changes.

The research report titled Watches and Clocks: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Japan, Russia, Switzerland, China, India, Hong Kong, Singapore, Thailand and others. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit
http://www.strategyr.com/Watches_and_Clocks_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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