The import of assembled battery watch movements with mechanical displays into the US is projected to decrease steadily from 2024 to 2028, indicating a downward trend. In 2023, the imports stood higher than the forecasted figures for 2024 onwards. From 2024 to 2028, the year-on-year percentage variation shows a continuous decline. In particular, the compound annual growth rate (CAGR) over the five-year forecast period is negative, reflecting an average annual decrease in imports.
Future trends to watch for include:
- Potential shifts in consumer preferences towards smartwatches impacting mechanical watch movement demand.
- Technological advancements in alternative time-keeping devices affecting market dynamics.
- Economic factors and trade policies that could alter import levels and future projections.