United States E-Commerce Watch Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 8.4% from 2023 to 2033.
• The United States E-Commerce Watch Market Size Is Expected to Hold a Significant Share by 2033.

The United States E-Commerce Watch Market Size is Expected to Hold a Significant Share by 2033, at a CAGR of 8.4% during the forecast period 2023 to 2033.

Market Overview

The purchasing and selling of watches online through websites and mobile apps are known as e-commerce watches. The demand for smartwatches in the country, across all age groups, is increasing due to new watches with a local touchscreen interface for daily use, a corresponding smartphone app for features, and innovative health monitoring features. Moreover, due to the increasing expansion of the E-commerce sector in the area, buying watches has become easier and more accessible. Additionally, smartwatches have gained increasing popularity with various groups of consumers, including working professionals, athletes, sports enthusiasts, and those interested in fitness. Therefore, producers are creating watches that are practical and cater to all the needs of those in the workforce. They are eager to release a watch that is versatile in any environment on different online platforms, drawing in more customers and ultimately boosting the market.

Report Coverage

This research report categorizes the market for United States e-commerce watch based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States e-commerce watch market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the United States e-commerce watch market.

Driving Factors

Consumers are spending more on health monitoring devices due to their increased awareness of health concerns. Because of the increased need for different monitoring functions in watches, manufacturers are driven to launch products with advanced features, resulting in a boost in smartwatch sales. Furthermore, shoppers are drawn to buying watches on e-commerce platforms due to the availability of numerous pre-approved discounts and their access to detailed information about the product's specifications.

Restraining Factors

An increasing number of brands and online platforms can lead to intense competition, making it challenging for new entrants to establish themselves.

Market Segment

The U.S. e-commerce watch market share is classified into product type and platform type.

• The smart segment is expected to hold the largest market share through the forecast period.

The US e-commerce watch market is segmented by product type into quartz/mechanical and smart. Among these, the smart segment is expected to hold the largest market share through the forecast period. Growing consumer demand for smartwatches is being fueled by the rising appeal of wearable technology, health-tracking capabilities, and connection features.

• The third-party retailer segment is expected to hold the largest market share through the forecast period.

The US e-commerce watch market is segmented by platform type into third-party retailers and company's own website. Among these, the third-party retailer segment is expected to hold the largest market share through the forecast period. This is attributed to the increasing use of well-known platforms such as Amazon, eBay, and other major online marketplaces that offer extensive exposure and a large customer base.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States e-commerce watch market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Apple Inc.
• Fossil Group Inc.
• Timex Group B.V.
• Google LLC (FitBit)
• Rolex SA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2022, Apple revealed the introduction of Series 8 watches on its online store as well as on other third-party online sellers. This new product comes with updated health features, such as a cutting-edge temperature sensor that offers advanced capabilities for women's health as well as Crash Detection for serious car accidents.

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States e-commerce watch market based on the below-mentioned segments:

United States E-Commerce Watch Market, By Product Type

• Quartz/Mechanical
• Smart

United States E-Commerce Watch Market, By Platform Type

• Third Party Retailer
• Company's Own Website