Watch Market Regional Overview's Revenue, Share, Insights, Growth By Forecast 2030.
Watch Market Outlook 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 and the expanding use of high-end accessories as a status symbol. In addition, the expanding use of smart and connected gadgets, the spread of the internet, and the reliance on smartphones are the key market driver enhancing watch market growth. 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...