In 2024, imports of automatic wound wrist-watches with a base metal case in India are projected to start at 122.28 thousand. This is expected to gradually increase to 139.0 thousand by 2028, with year-on-year growth rates of approximately 3.52% in 2025, 3.34% in 2026, 3.17% in 2027, and 3.00% in 2028. These figures suggest a consistent upward trend, with a compound annual growth rate (CAGR) of around 3.26% over the five-year forecast period.
Future trends to watch for include:
- Technological advancements enhancing watch functionalities.
- Increasing consumer preference for premium and smart timepieces.
- Macroeconomic factors impacting import costs and duties.
- Shifts in consumer fashion trends and demand for luxury items.
