Watches - Worldwide
Worldwide- In Worldwide, the Watches market generated a revenue of US$121.30bn in 2024.
- According to projections, the market is expected to experience an annual growth rate of 5.13% (CAGR 2024-2029).
- When compared to other countries, United States stands out as the top revenue generator, with a total of US$21bn in 2024.
- In terms of per capita income, the Watches market generated US$15.65 per person in 2024.
- Looking ahead to 2024, Non-Luxury are expected to account for 61% of sales in the Watches market.
- Despite the rise of smartwatches, Switzerland continues to dominate the luxury watch market worldwide.
- Key regions:
- Germany,
- United Kingdom,
- India,
- Europe,
- Canada
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
