In western countries (at least) nobody needs a watch to keep track of time. We have ultra precise time on out smartphones and devices. So wearing a watch today is more of a statement of appreciation for an item that sits in the middle of craftsmanship and art. Often those people would prefer a mechanical watch (manual winding or automatic of sort).
For someone else is a status symbol useful to signal wealth.
Then there are specific fields/occupations which require a precise watch on the wrist (military? aviation?) and they would probably use some sort of quartz chronograph.
Personally I wear a watch which my father gave me as a present for my wedding, but recently its value grow too much and I'm worried to wear it. So I bought an automatic vintage Seiko. Now I am in the position to have to pay a bank to safely store my watch without being able to wear it. I believe the most rational thing to do is just to sell it, but I don't have the heart to do it.