The turnover in the watches and clocks market in Belgium is forecasted to rise from €13.4 million in 2024 to €14.0 million in 2028. As of 2023, actual turnover was at €13.2 million. Year-on-year variation shows a steady increase, with 1.49% growth from 2023 to 2024, and subsequent annual increments of approximately 1.49%, 1.47%, 0.72%, and 0.72% leading up to 2028. The CAGR over the five-year period from 2023 to 2028 is estimated to be around 1.36%.
Future trends to watch for include potential impacts from advancements in smartwatches, changes in consumer preferences towards luxury watches, and the influence of economic conditions on discretionary spending in Belgium. Additionally, sustainability trends and brand innovations in the horology sector could influence market dynamics.
