Watches - Asia
Asia- In Asia, specifically in the country of United States, the revenue in the Watches market is projected to reach a substantial amount of US$21bn in 2024.
- This signifies the dominant position of United States in the global market, as it generates the highest revenue compared to other countries.
- Furthermore, the Watches market in Asia is expected to grow at an annual rate of 6.27%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
- This growth indicates a positive trend in the demand for watches in the region.
- In terms of per capita revenue, each individual in Asia is predicted to contribute approximately US$11.89 to the Watches market in 2024.
- This figure takes into account the total population of the region.
- Looking ahead to 2024, it is estimated that 54% of sales in the Watches market will be attributed to Non-Luxury.
- This suggests that the majority of watches sold in the market will fall within the non-luxury category.
- In Japan, the demand for luxury watches is on the rise, as consumers appreciate the craftsmanship and heritage associated with Swiss timepieces.
- Key regions:
- Germany,
- United Kingdom,
- Worldwide,
- India,
- Europe
Definition:
The Watches market covers different types of devices used to indicate or measure time that are either worn around the wrist or in a pocket. Both analog and digital watches are included.
<Additional information:
The market comprises revenues and average revenue per capita. The key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Watches
- Pocket watches
- Analog and digital watches
Out-Of-Scope
- Watch parts
- Watchbands
- Handmade watches
