Watches - Malawi
Malawi- In Malawi, the revenue in the Watches market for the year 2024 is recorded at US$82.64m.
- Looking ahead, it is predicted that this market will experience an annual growth rate of 5.59% (CAGR 2024-2029).
- Comparing this to the global market, it is noteworthy that the majority of revenue is generated United States, where it is projected to reach US$21bn in 2024.
- When considering the population figures, it is interesting to note that in 2024, the per person revenue in the Watches market amounts to US$3.85.
- This provides insight into the level of economic activity within the country and the potential purchasing power of individuals.
- Furthermore, it is estimated that by 2024, 100% of sales in the Watches market will be attributed to Non-Luxury.
- This indicates that the majority of purchases made in this market segment will be in the non-luxury category.
- Overall, these figures shed light on the current and projected state of the Watches market in Malawi.
- Despite being a developing country, Malawi has seen a growing interest in luxury watches among its affluent population.
- 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
