The import of battery-operated wristwatches with cases of precious metal to India is on a steady upward trajectory. From 2023's actual figures leading up to 2028, the forecast demonstrates a consistent year-on-year increase: 5.3% in 2024, 5.3% in 2025, 4.9% in 2026, 4.6% in 2027, and 4.3% in 2028. The five-year compound annual growth rate (CAGR) stands at approximately 4.88%, indicating a stable and slight acceleration in market growth.
Future trends to monitor include:
- Increasing consumer preference for luxury and premium watch brands.
- Evolving fashion trends influencing metal-clad watch designs.
- Exchange rates and import regulations impacting pricing and demand.
