World - Watches - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

World - Watches - Market Analysis, Forecast, Size, Trends and Insights

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Watch Market

Watch market: find recently published information enhanced by an Ai-driven market intelligence platform. Information provide imports, trade, production, consumption, exports, market size, market prices, and companies. Here is a split by region, including Latin America, the U.K., Russia, the U.S., the Middle East, EU, Africa, and China. Market trends and forecast to 2030 are also featured in the dashboards.


Get FREE access to the latest REPORT on the Watch Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Watch - World's Largest Markets

RatingCountry
1China
2United States
3France
4Germany
5Japan

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by France.

In China, the watch market expanded at an average annual rate of +61.4% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-10.9% per year) and France (-20.5% per year).

Watch Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
China2022238.2%
United Arab Emirates2123234.8%
Philippines2427254.0%
Thailand2627283.8%
Hong Kong SAR2728327.2%
Netherlands29446145.6%
France1038990-6.2%
Germany1008599-0.5%
United States1141311265.2%
Switzerland3403843866.6%
Average8488988.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Switzerland ($386 per unit), while China ($23 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+45.6%), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
United Kingdom879611414.9%
Japan839311115.2%
France10510672-16.9%
Hong Kong SAR39395619.9%
United Arab Emirates824652-20.0%
Germany535339-14.8%
China383038-0.5%
United States15182528.2%
Netherlands554520-39.3%
Average4141487.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the UK ($114 per unit), while the Netherlands ($20 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+28.2%), while the other global leaders experienced more modest paces of growth.

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Watch - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Hong Kong SAR76.25.2-13.6%
United States4.14.53.7-5.2%
China2.32.63.522.3%
Japan2.52.82-9.8%
Germany2.12.11.9-3.6%

In value terms, Hong Kong SAR ($5.2B), the United States ($3.7B) and China ($3.5B) constituted the countries with the highest levels of imports in 2020, together accounting for 37% of global imports.

In terms of the main importing countries, China, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Watch - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Switzerland252521-8.2%
Hong Kong SAR5.75.74.4-12.2%
China2.32.41.7-14.7%
France1.82.41.5-7.8%
Germany1.21.61.49.6%

In value terms, Switzerland ($20.7B) remains the largest watch supplier worldwide, comprising 55% of global exports. The second position in the ranking was occupied by Hong Kong SAR ($4.4B), with a 12% share of global exports. It was followed by China, with a 4.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Switzerland totaled -8.2%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-12.2% per year) and China (-14.7% per year).

Watch - Market Forecast

Driven by increasing demand for watch worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Watch - Top Companies

Beijing Zhongxing Shitong Electronic Technology Co., Ltd., Shenzhen Speedpower Leather Co. Ltd., Piaget SA, IWC International Watch Co. AG, Montblanc Montre SA, Queloz SA, Maurice Lacroix SA, The Swatch Group Far East Distribution Ltd, ETA SA Manufacture Horlogère Suisse, Novi S.A., Rubattel et Weyermann S.A., Diantus Watch SA, The Swatch Group Assembly SA, Micro Crystal AG, Assemti SA, Distico SA, Universo S.A., Meco SA, Record Watch Co. SA, Compagnie des Montres Longines, Francillon S.A.

Watch - Product Coverage

  • HS 9101 - Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal
  • HS 9102 - Wrist-watches, pocket-watches, stop-watches and other watches, other than those of heading no. 9101

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global watch market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad with precious metal
  • Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Ralph Lauren, Fossil Group, Citizen, Casio, Patek Philippe, Audemars Piguet, Rolex, Chopard, Breitling, Franck Muller, American Watch Company, Montrichard Group, Weiss Watch Company, Keaton Myrick, Vortic, DuFrane, RGM, Pelton, Kobold, Shinola, Throne, Detroit Watch Company, Talley & Twine, Charriol, Breitling SA, 88 Rue du Rhone, A. Favre & Fils, Abraham-Louis Perrelet, Allgemeine Gesellschaft der Schweizerischen Uhrenindustrie, Alpina Watches, Andreas Strehler, Arcadia Watches, Armand Nicolet, Audemars Piguet, Baume et Mercier, Bedat & Co, Blanchet, Blancpain, Brand, Carl F. Bucherer, Catorex Cecil Purnell, Century Time Gems, Certina Kurth Frères, Charriol, Chopard Christian, Jacques, Chronoswiss, Corum, Cyma Watches, Czapek & Cie, Daniel Roth, De Grisogono, Ebel, Eberhard & Co., Endura Watch Factory, Era Watch Company, Ernest Borel, ETA SA, Eterna F. P. Journe, Favre-Leuba, Franck Muller, Frédérique Constant, Gallet & Co., General Watch Co, Girard-Perregaux, Glycine watch, Greubel Forsey, Grovana Watch, Hanowa, Hublot HYT, International Watch Company, Jaeger-LeCoultre, Jean Perret, Jovial, Juvenia, Movements, Longines, Luminox Maitres du Temps, Manufacture Modules Technologies (MMT), Manufacture royale, Mathey-Tissot, Maurice Lacroix, MB&F, Mb-microtec, Mido, Mouawad Ollech & Wajs, Omega SA, Oris, Parmigiani Fleurier, Patek Philippe & Co., Piaget SA, Rado, Raymond Weil, Ribordy Watches Richard Mille, Richemont, Roamer, Roger Dubuis, Rolex, Romain Gauthier Ronda, Rotary Watches, Sandoz watches, Schwarz Etienne Sowind Group, Speake-Marin, TAG Heuer, The Swatch Group, Tissot Titoni, Tudor Watches, Ulysse Nardin, Universal Genève, Urwerk, Vacheron Constantin, Valbray Waltham International, West End Watch Co., Zenith, Zeno-Watch Basel, Zodiac Watches

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
Store
Blog
Event
The Largest Import Markets for Watches
Jan 24, 2024
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Explore the top import markets for watches worldwide, including Hong Kong SAR, the United States, China, France, Germany, Japan, Singapore, Switzerland, the United Kingdom, and the United Arab Emirates. Discover key statistics and market insights.

Watch Market Report 2022: Trends and Brands
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The continued rise in popularity of smartwatches is having a major impact on the watch market. 

Which Country Imports the Most Complete, Unassembled Watch and Clock Movements in the World?
Jul 26, 2018
Eye 689

In value terms, complete, unassembled watch and clock movements imports stood at $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total imports value increased at an a...

Which Country Imports the Most Watch Straps, Watch Bands, Watch Bracelets and Parts Thereof in the World?
Jul 26, 2018
Eye 552

In value terms, watch straps, watch bands, watch bracelets and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable expansion from 2007 to 2016: the total imports value decrea...

Which Country Imports the Most Watch Cases and Parts Thereof in the World?
Jul 26, 2018
Eye 594

In value terms, watch cases and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate ...

Which Country Imports the Most Watch Movements in the World?
Jul 26, 2018
Eye 756

In value terms, watch movements imports totaled $X in 2016. Overall, watch movements imports continue to indicate a relatively flat trend pattern. Global watch movements import peaked of $X in X>

Which Country Imports the Most Wrist-Watches, Pocket-Watches, Stop-Watches and Other Watches in the World?
Jul 26, 2018
Eye 2810

In value terms, wrist-watches, pocket-watches, stop-watches and other watches imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value decre...

Which Country Exports the Most Wrist-Watches, Pocket-Watches, Stop-Watches and Other Watches in the World?
Jul 26, 2018
Eye 567

In value terms, wrist-watches, pocket-watches, stop-watches and other watches exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value decreased a...

Which Country Exports the Most Watch Movements in the World?
Jul 26, 2018
Eye 652

In value terms, watch movements exports stood at $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total exports value decreased at an average annual rate of -X% over ...

Which Country Exports the Most Complete, Unassembled Watch and Clock Movements in the World?
Jul 26, 2018
Eye 594

In value terms, complete, unassembled watch and clock movements exports totaled $X in 2016. Overall, complete, unassembled watch and clock movements exports continue to indicate a abrupt slump. Ove...

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