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.

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Watch - World's Largest Markets

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

Watch - Top Importers

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

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