Watch shaker is a tool that is used by watchmakers and jewelers to test the resilience and endurance of watches. It shakes watches to test their ability to withstand vibrations and impacts from daily wear and tear. With growing demand for luxury watches across the globe, there has been huge need for rigorous quality checks using watch shakers. Moreover, increasing disposable incomes have enabled more consumers to spend on expensive timepieces, thus, boosting the sales of watch shakers.
Market Dynamics:
Global watch shaker market growth is primarily driven by rising demand for luxury watches from the high-net-worth individuals. According to industry estimates, the luxury watch market registered a value of over US$ 20 Billion in 2021 and is expected to exhibit a CAGR of around 5% during 2022-2028. This steady demand for premium timepieces can propel watch manufacturers to extensively utilize watch shakers to test durability and ensure flawless quality. However, high cost associated with advanced watch shakers equipped with facilities like programmable vibration frequencies and amplitudes can hamper the market growth. Technological advancements in shaker designs offering improved accuracy, consistency and customization options can present lucrative opportunities for market growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook