Watches - CIS
CIS- In 2024, the revenue generated in the Watches market reaches a substantial amount of US$1.19bn.
- Looking ahead, the market is projected to experience a steady annual growth rate of 7.06%, as measured by the compound annual growth rate (CAGR) between 2024 and 2029.
- When compared to other countries globally, United States emerges as the frontrunner, generating a significant revenue of US$21bn in 2024.
- Considering the population figures, the per person revenue in 2024 amounts to US$4.88.
- Furthermore, it is anticipated that by 2024, 67% of the sales in the Watches market will be attributed to Non-Luxury.
- The CIS region, where the country is located, also plays a significant role in this market segment.
- "The demand for luxury watches in Russia has seen a significant increase, with affluent consumers showing a preference for high-end Swiss brands."
- 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
