Watches - Malta
Malta- In Malta, the revenue in the Watches market reaches a substantial amount of US$18.60m in 2024.
- Looking ahead, it is anticipated that this market will experience an annual growth rate of 7.25%, known as the Compound Annual Growth Rate (CAGR), between 2024 and 2029.
- When comparing in Malta to the global market, it is important to note that United States generates the highest revenue in this segment, reaching an impressive US$21bn in 2024.
- To put this into perspective, in 2024, each person in Malta contributes approximately US$34.66 in revenue to the Watches market.
- This figure is calculated by dividing the total revenue by the population.
- Furthermore, by 2024, it is expected that 60% of the sales in the Watches market will be attributed to Non-Luxury.
- This emphasizes the significance of this particular market segment in the overall industry.
- Malta's affluent population has a growing interest in luxury watches, driving the demand for high-end timepieces in the country.
- 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
