Watch Market Statistics Research Size, Share, & Growth Potential Report.
Watch Market Outlook Watch Market Size timepieces are high-end, high-priced items handcrafted by aexpert artisans. They're composed of precious metals like gold, silver, and platinum, studded with rubies and diamonds. They are worn on the wrist to give people's style and personalities a refined and exquisite look. They may easily be distinguished from their less expensive equivalents due to their longevity and originality, as they are exclusive, pricey, and not mass-produced. The demand for luxury timepieces is currently being driven by rising living standards and rising disposable incomes worldwide. Watch Market Size was estimated at USD 51.9 million in 2021. The watch industry is projected to grow from USD 54.2 million in 2022 to USD 73.5 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.45% during the forecast period (2022 - 2030). One of the main causes influencing the demand for handcrafted luxury watches worldwide is the rising fast fashion trend ...