Children Digital Watches Market:
Executive Summary
Children Digital Watches are becoming an essential item for the children fashion segment. Global wristwatch manufacturers are putting effort into designing new watches to attract young children and their parents to become a part of the changing fashion trend. Digital watch makers are upgrading the technological side as well. Attractive colors, shape of cartoon figures or colorful dials are in place to lure the customers into buying the products. The global children digital watches market is growing, and it is attracting new as well as existing customers to invest in the technological and designing parts of the watchmaking.
Watchmaking itself is a critical job, it requires lots of hard work, precision, passion and enthusiasm. When it comes to deal with children’s digital watch, the task becomes even more difficult. Understanding a children’s mind is difficult than understanding adults. Hence, one must be careful, when it comes to choosing the correct design, shape or material to be used. Children Digital Watches are gaining popularity very fast and it has started contributing to a company’s revenue earning. Separate kids’ sections are now dedicated in every shopping mall or watch shop.
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The global children digital watch market is growing, due to the inclination towards the changing fashion trends. However, growth of the market is hindered by illegal and poor-quality products. These products often find its way into the market and capitalize on the situation due to its cheaper price. Strict laws are in place to block the movement of the illegal products, which are helping in the growth of the global children digital watch market.
Market key player
Patek Philippe, Cartier, Lange & Sohne, Audemars Piguet, Breguet, Glashutte Original, Vacheron & Constantin, IWC, Girard Perregaux, Ulysse Nardin
Segments:
Children digital watch market is growing worldwide, however, an insightful analysis is required to study the areas with potential. Segmentation of the market based on different parameters helps to look into smaller details, that might prove to be important. The global children digital watch market is segmented based on its type and application. Digital quartz, pointer quartz and others are covered under type segment. Boys and Girls are the segments studied under application analysis. Manufacturers are carefully studying the market to explore the development areas.
Regional Analysis:
The global children digital watch market requires careful regional analysis. It helps to understand the child psychology, which is essential in designing the products. North American and European markets are driven by the inclination of the parents towards following fashion trends. These watches are used to educate the children, as well. Asia Pacific (APAC) region is contributing to the growth due to the increasing younger population and rise in disposable income. Rise in disposable income have made it possible for many to consider buying children digital watches only for fashion purpose.
Industry News:
In August 2019, Sky Mobile launched a new smart watch for children that comes with a GPS tracker. This watch is called Spacetalk Kids Watch. It also has a step counter and it can alert the patient if the kid goes out of the ‘safe zone’.
Continuous…
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