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Watches - India

India
  • In India, the Watches market generates a revenue of INR US$4.22bn in 2025.
  • It is projected to experience an annual growth rate of 7.20% (CAGR 2025-2029).
  • Comparatively, United States leads the global market with a revenue of INR US$22bn in 2025.
  • When considering the population, the per person revenue in India for 2025 amounts to INR US$2.90.
  • Additionally, by 2025, 64% of sales in the Watches market will be attributed to Luxury.
  • The Watches market in India showcases significant potential and growth prospects.
  • India's growing middle class is driving a surge in demand for luxury watches, with international brands gaining popularity.

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.

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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

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: May 2024

SOURCE: Statista Market Insights

Sales Channels

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Product Types

MOST_RECENT_UPDATE: Dec 2024

SOURCE: Statista Market Insights

Global Comparison

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. The figures are based on consumer spending on accessories that comprise of Watches & Jewelry and Luggage & Bags that are produced for private end customers for both offline retail and online retail.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from independent databases and third-party sources, historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Accessories market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

Key Market Indicators

NOTES: Based on IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

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