The Watch Market

  • The primary watch market was valued at roughly $50 billion in 2023 and is projected to grow to over $30 billion by 2032, with a CAGR of 12.17%. Reference

  • Similarly, the secondary watch market was valued at roughly $25 billion in 2023 and is expected to grow to $44.5 billion by 2030.

  • North America has a 17.02% share of the overall revenue in the watch market. Following this, China, Japan, Singapore, and the United Arab Emirates together account for approximately 53.52% of the market. Reference

  • According to the Bloomberg x Subdial Watch Index, prices within the watch market typically move by 0-2% a month and are driven by factors such as brand perception, limited supply, demand for specific models, and broader economic conditions. Reference

  • The watch market is experiencing significant growth. This is supported by an increase in millennial interest in watch collecting, rising net incomes and an overall growth in sentiment of luxury watches as investment assets.

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