The market for watch straps and parts of leather or plastic in Japan exhibited fluctuating growth patterns from 2013 to 2023. Standing at approximately 198.55 million USD in 2023, the market has seen significant annual variations. Notably, the impact of the COVID-19 pandemic led to a sharp decline in 2020. However, recovery efforts saw a substantial rebound by 2021. Over the last five years, the market experienced an average annual growth of 0.42%, indicating a stabilization trend toward 2023.
Future trends to watch for include:
- Increased demand for smartwatches impacting traditional strap manufacturing.
- A shift towards sustainable and eco-friendly materials in production.
- Growing customization options as consumer preferences diversify.
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 198,550,000 | 2023 | +0.23% | +0.42% | |
| 2 | 2 Germany | 121,790,000 | 2023 | +4.84% | +1.66% | View data |
| 3 | 3 Italy | 99,069,000 | 2023 | -0.34% | +0.18% | View data |
| 4 | 4 Australia | 46,643,000 | 2023 | +3.78% | +3.96% | View data |
| 5 | 5 Mexico | 7,930,500 | 2023 | +0.36% | +1.33% | View data |
