Watches - G20
G20- In the year 2024, the Watches market in the G20 country generates a significant revenue of US$74.26bn.
- This market is projected to experience an annual growth rate of 3.86%, which is also known as the Compound Annual Growth Rate (CAGR) for the period from 2024 to 2029.
- When comparing revenue on a global scale, United States stands out as the leading market, generating a substantial amount of US$21bn in 2024.
- To put the revenue into perspective, the per person revenue in the G20 country for the Watches market is estimated to be US$20.97 in 2024.
- Furthermore, by 2024, approximately 55% of the total sales in the Watches market will be attributed to Non-Luxury.
- In India, the demand for luxury watches has been steadily increasing, with a growing number of affluent consumers seeking high-end and unique 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
