The Clocks and Watch Parts market in India exhibited significant fluctuations over the past decade, with market size values increasing from $58.987 million in 2012 to $117.77 million in 2022. Notable growth occurred until 2019, followed by a downturn in 2020 due to the pandemic. Recovery was strong in 2021, with a 24.38% growth rate. The compound annual growth rate (CAGR) reveals long-term trends, showing a 4.79% average increase over the last five years. As of 2023, the market value stood at $120.67 million.
Future trends to watch for include technological advancements in smartwatches, increased consumer focus on luxury watch brands, and expanding online sales channels, potentially driving further market evolution and growth in India's clocks and watch parts sector.
| # | 13 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 238,050,000 | 2023 | +0.94% | +1.18% | View data |
| 2 | 2 United Kingdom | 130,190,000 | 2023 | +0.84% | -0.89% | View data |
| 3 | 3 India | 121,210,000 | 2023 | +2.92% | +2.39% | |
| 4 | 4 Italy | 66,446,000 | 2023 | -3.55% | -3.68% | View data |
| 5 | 5 Spain | 28,948,000 | 2023 | -8.23% | -8.21% | View data |
