MarketResearchNest.com adds “Global Swim And Multisport Watch Market 2017-2021” new report to its research database. The report spread across 70 pages with table and figures in it.
Research analysts forecast the global swim and multisport watch market to grow at a CAGR of 6.58% during the period 2017-2021.
About Swim and Multisport Watch
Swim watch is a wrist watch designed for swimming. These watches feature a minimum water resistance of 0.5 Mpa (5 ATM). To a large extent, swim watches have been superseded by the personal dive computer, which provides an automatically initiated dive timer function along with real-time decompression computation and optionally other functions. Multisport watches support running, cycling, and swimming metrics. The scope does not include diving watches.
Covered in this report
The report covers the present scenario and the growth prospects of the global swim and multisport watch market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types of swim and multisport watches to individual consumers.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-swim-and-multisport-watch-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Swim and Multisport Watch Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Swim and Multisport Watch Market 2017-2021
Technavio recognizes the following companies as the key players in the global swim and multisport watch market: Garmin, SUUNTO, Timex Group, CASIO COMPUTER and Swimovate.
Other Prominent Vendors in the market are: TomTom International, SOLEUS RUNNING, Bryton, Apple, Moov, Swimmo, Fitbit, Guangzhou Pasnew Industrial, and GUANGZHOU SKMEI WATCH.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Growing online and omnichannel retail. Globally e-commerce is growing each year with more consumers opting for the convenience of online shopping. Online retail is the fastest growing sector of the global retail market. E-retailing of several products including swim and multisport watches is also gaining popularity because it is a time-saving and cost-effective process of purchasing products. Online shopping through smart devices has gained popularity over recent years due to high penetration of Internet services, improved economic conditions, and upgradation of purchase, and delivery options with the emergence of m-commerce”
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According to the report, one of the major drivers for this market is Product innovation, promotion, and branding. Over the recent years, many vendors have come up with innovative products and technologically advanced products to enhance the sales of swim watches. Rapid advances in technology like the Internet of Things (IoT) has led to the development of GPS-enabled smart watches, which provide connectivity to multiple devices through swim watches.
Further, the report states that one of the major factors hindering the growth of this market is Presence of price-sensitive consumers in the mass segment. Over the recent years, advances in electronics, material sciences, and sensor technologies have allowed innovative start-ups to create relatively inexpensive devices. The availability of cheap alternatives forces companies to accept lower profit margins and offer budget-friendly, quality alternatives to price-sensitive consumers. Many brands also focus on sponsoring national and international swimming games and events to promote their brands.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain