Market Insights report
In 2024, the revenue in the Watches & Jewelry market worldwide is projected to reach a staggering amount of US$390.71bn.The market is expected to grow at an annual rate of 3.53%, as per the Compound Annual Growth Rate (CAGR) from 2024 to 2028.When compared globally, the highest revenue is generated in China, amounting to US$95bn in 2024.Considering the total population figures, the per person revenue generated in the Watches & Jewelry market is estimated to be US$50.42 in 2024.
What's included?
The Accessories market comprises wearable, fashionable accessories that complement a person's outfit such as watches, jewelry, suitcases, bags, wallets, handbags and other containers for private end consumers. The segment Watches & Jewelry accounted for 68,6% of the Accessories' revenue in 2022. In 2022, Watches & Jewelry sales decreased in comparison to 2021 and reached US$335.7 billion.This report from the series of Consumer Market Insights segment reports gives an overview of the Watches & Jewelry market from an international perspective.
Market Outlook
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