GCC Wrist Watch Market Overview and Insights:

According to MarkNtel Advisors Report, 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 research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2018-21
• Base Year: 2022
• Forecast Period: 2023-2028

Key Driver: 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.

Who are the Key Players Operating in the GCC Wrist Watch Industry?

The top companies of the GCC Wrist Watch market ruling the industry are: 

• Audemars Piguet
• Patek Philippe
• Rolex
• Seiko Watch Corporation
• Piaget
• TAG Heuer
• Breguet
• CASIO COMPUTER CO., LTD.
• Invicta Watch Group.
• Gucci
• CARTIER
• Others (Armani, etc.)

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What is Included in GCC Wrist Watch Market Segmentation?

The report has segmented the market into the following categories:

By Type

 - Luxury (Above USD1,500)

 - Mid-Luxury (USD301-USD1,500)

 - Economy (USD101-USD300)

 - Low (Up to USD100)

Of them all, the economy type of watches grabbed a sizeable share in the GCC Wrist Watch Market over the past period. The major factor attributed to the demand for the economy type of watches in the region is the presence of a significant number of expatriates in the countries such as the UAE, Saudi Arabia, Kuwait, etc.

By Country of Origin

 - Japanese

 - Swiss

 - Others

By Category

 - Analog

 - Digital

 - Analog & Digital

 - Smart

By Country

 - Saudi Arabia

 - The UAE

 - Qatar

 - Kuwait

 - Bahrain

 - Oman

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Frequently Asked Questions (FAQs)-

• What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• How has the GCC Wrist Watch industry been evolving in terms of geography & adoption?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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