In 2023, the import of assembled battery watch movements with mechanical displays to India amounted to approximately $13.2 million USD. Forecasts indicate a steady increase over the next five years, with figures rising from $14.001 million in 2024 to $17.055 million by 2028. Year-on-year, the market is expected to expand by 5.6% (2024 to 2025), 5.2% (2025 to 2026), 4.9% (2026 to 2027), and 4.5% (2027 to 2028). The compound annual growth rate (CAGR) over this five-year period is projected to be around 5.0%, indicating a consistent upward trend.

Future trends to watch for include:

Technological advancements in watch movement design, potentially affecting demand.
Shifts in consumer preferences towards digital and smart watches.
Economic factors such as taxation policies and currency fluctuations impacting import costs.
Competitive actions from domestic manufacturers possibly reducing import dependency.