Watches - Nordics
Nordics- In the Nordics, the revenue in the Watches market reaches a substantial amount of US$2.05bn in 2024.
- It is projected that this market will experience a steady annual growth rate of 2.60% (CAGR 2024-2029).
- When compared globally, United States stands out as the leader, generating a remarkable revenue of US$21bn in 2024.
- Looking at the per capita figures, we see that in 2024, each person in the Nordics contributes US$72.95 in revenues to the Watches market.
- This demonstrates the strong market potential and consumer interest in this region.
- Furthermore, by 2024, it is estimated that 56% of the sales in the Watches market will be attributed to Non-Luxury.
- This indicates a significant demand for affordable and accessible watches in the market.
- Nordics' affinity for minimalist design is reflected in their preference for sleek and understated watches.
- 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
