In 2023, the watches and clocks turnover in Italy was estimated at approximately 131 million Euros. From 2024 onwards, the forecast shows a consistent year-on-year decline, with a decrease of 4.5% in 2025, 4.7% in 2026, 4.9% in 2027, and 5.1% in 2028. This indicates a negative compound annual growth rate (CAGR) of about 4.6% from 2024 to 2028, highlighting a downward trend.

Future trends to watch for include:

Increasing competition from digital and smartwatches impacting traditional watch sales.
Potential innovation in watch technology, influencing demand.
The economic environment and its effect on consumer spending.
Sustainability and consumer preferences for eco-friendly products.