Watches - Guatemala
Guatemala- In Guatemala, the revenue generated in the Watches market in 2024 amounts to US$137.40m.
- It is projected that the market will experience an annual growth rate of 9.80% from 2024 to 2029, according to the compound annual growth rate (CAGR).
- When compared globally, United States leads the way in terms of revenue generation, with an estimated amount of US$21bn in 2024.
- This highlights the significant market presence and dominance of United States in the Watches market.
- In Guatemala, the per person revenue generated in the Watches market in 2024 is US$7.48.
- This figure represents the amount of revenue generated per individual within the population.
- Looking ahead to 2024, it is anticipated that 93% of sales in the Watches market will be attributed to Non-Luxury.
- This indicates the market's focus on non-luxury products within the Watches market in Guatemala.
- In Guatemala, the demand for luxury watches has been steadily increasing, with a growing preference for Swiss-made timepieces among affluent consumers.
- 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
