The turnover for watches and clocks in Sweden is forecasted to experience a significant decline from 2024 to 2028. The forecasted values show a decrease from 6.9 million Euros in 2024 to 3.4 million Euros in 2028, indicating a continuous downward trend. Compared to the previous year of 6.9 million Euros in 2023, 2024 remains stable but then the decline starts.
Over the years:
- From 2024 to 2025, the turnover is expected to drop by approximately 13.0%.
- From 2025 to 2026, the decline continues at about 15.0%.
- From 2026 to 2027, the reduction is around 17.6%.
- From 2027 to 2028, the turnover is projected to decrease by approximately 19.0%.
- In the last two years (2026-2028), the average annual decline is evident.
- The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to show a significant negative trend.
Future trends to watch for in the watches and clocks market in Sweden include the impact of digital and smart devices on traditional watch sales, consumer preference shifts towards digital timekeeping solutions, and technological advancements making traditional timekeeping less relevant.
