Huawei ranks first in China and third in global wearable market for Q3 2024

After the smartphone analysis, it’s time to see how Huawei has performed in the wearable market for Q3 2024. Canalys has now shared a new report for both Chinese and global smartwatch sector performance in the third quarter of this year.

The report reveals that Huawei ranked first in China and third in the global wearable market for Q3 2024. The Chinese OEM obtained a high score in both markets.

Starting from China, Huawei captured a 36% market share with the highest annual growth rate. The company grew by 28% year-on-year – thanks to the newly launched smartwatches. The firm is constantly offering innovative products to its consumers.

Xiaomi obtained the second spot with 26% of the market share and 26% progress. XTC and Apple secured third and fourth places respectively. The fifth position belongs to the 360 Group with 2% of the market share and 22% of annual growth.

Q3 2024 Chinese wearable market report (Image Credits: CNMO)

Global Market

On the flip side, Huawei has scored a wearable shipment share of 14% in the Q3 2024 global market race. The tech giant has grown by 2% compared to the last year. For reference, Huawei made a shipment value of 12% in the third quarter of 2023.

The slight sales increase helped the company reach third position in the Q3 2024 global wearable market. This time, it has shipped 7.1% of smartwatches worldwide and accounts for 13.5% of the global market share with an annual growth of 38.5%.

Huawei has launched many new smartwatches in 2024. The list counts new color variants for the Watch GT 4, Watch D2, Watch GT 5 series, Golf and Gold + Sapphire Edition of the Watch Ultimate Series, and more. All these wrist gadgets come on the ground with advanced features and a new TruSense health system.

As of now, the Chinese phone maker is preparing for the Watch 5 series. The new wearable is expected to debut alongside the Pura 80 series in Q2 2025. It will surely boost Huawei’s wearable sales in both Chinese and overseas markets.

Other rankers in the Q3 2024 global wearable market ranking include Apple at the top with 16.1% market share, Xiaomi at the second with 16.1% market share, Samsung at fourth with 9.1% of the market share, and Noise at the fifth position. You can check the details from the chart given below.

Q3 2024 global wearable market report (Image Credits: CNMO)

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