Watches - Western Asia
Western Asia- In Western Asia, the revenue generated in the Watches market reached a substantial amount of US$6.52bn in 2024.
- Looking ahead, this market is projected to experience a steady annual growth rate of 5.18% from 2024 to 2029, according to the compound annual growth rate (CAGR).
- When compared globally, it is worth noting that United States leads the pack in terms of revenue generation, with an impressive figure of US$21bn in 2024.
- This indicates United States's dominant position in the global Watches market.
- In terms of per capita revenue, Western Asia's Watches market generated approximately US$29.28 per person in 2024.
- This metric provides an insight into the individual contribution to the overall revenue within the region.
- Looking specifically at the composition of sales in the Watches market, it is expected that 76% of sales in 2024 will be attributed to Non-Luxury.
- This highlights the importance of this particular segment within the overall Watches market.
- The Western Asian market for luxury watches is experiencing a surge in demand, driven by the region's affluent consumer base.
- 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
