The smartwatch market is growing, wearable devices like the Apple Watch. According to Gartner analysts, world consumers in 2019 will spend $ 16.2 billion to buy this type of devices, which will grow 40% year-on-year to 74.1 million units compared to 53 million in 2018. the Gartner research
Lower prices attract Chinese consumers
Figures also driven by the digital saturation of the smartphone sector and lower prices, which should fall further within a few years. «The average total sales price of smartwatches is expected to slowly decrease from $ 221.99 in 2018 to 210 in 2022, due to competitors offering lower prices and higher volumes leading to lower production costs and components, while Strong brands such as Apple and traditional watch brands try to keep prices stable.
Smarwatches still remain in the lead
Among the wearables, the
The new target is children
Xiaomi has launched a new smartwatch created specifically for children called Xiaomi Mi Bunny Kids 3 in China for an initial price of 599 Yuan, about 75 euros. At least for the moment, the watch will only be available in China in the
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Being the technological country par excellence, even the hi-tech clothing market continues to be glorious in China. More and more consumers are attracted by this mix between fashion and technology, this is also demonstrated by the data developed by Emerging consumer Survey, the hi-tech clothing market grew by 5.8%.
The use of technology applied to
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1 comment
Cygnella
Smartwatches can be used for multi-purpose: work, personal life, sport, … And Chinese people love it indeed!
They like quality products, but they also like it when it is affordable.
The traditional watch market is doing really well in China, but the smartwatch market is also growing. Its potential is huge and many consumer segments are still unexplored by big brands such as apple.