Market Insights Consumer Accessories Watches & Jewelry

Watches - Qatar

Qatar

In Qatar, the revenue generated in the Watches market in 2024 amounts to US$0.47bn.
Looking ahead, the market is projected to experience an annual growth rate of 8.29% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads the way in terms of revenue generation in the Watches market, with a staggering US$21,150m expected in 2024.
This highlights the significant presence of the Watches market in the United States.
In Qatar, the per capita revenue in the Watches market is estimated to be US$173.10 in 2024.
This figure provides insight into the amount of revenue generated per person in relation to the total population.
Looking specifically at the composition of sales in the Watches market, it is projected that 91% of the sales in 2024 will be attributed to Luxury.
This indicates the dominance of Luxury watches in the market.
Qatar's affluent population has fueled a surge in demand for luxury watches, making it a thriving market for high-end timepieces.

Key regions: Germany, United Kingdom, Worldwide, India, Europe

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Currency

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).