In France, household expenditure on jewellery, clocks, and watches was 7.34 billion Euros in 2023. The forecast indicates steady growth from 2024, with expenditures expected to reach 7.61 billion Euros by 2028. Over the five-year period, the Compounded Annual Growth Rate (CAGR) is projected to be approximately 0.73%. Year-on-year, expenditure increases are modest, reflecting a consistent upward trend amid consumer confidence and continuous market demand.
Future trends to watch for include:
- Emerging consumer preferences for sustainable and ethical jewellery brands.
- Technological advancements influencing watchmaking and timepiece innovations.
- Increased demand for personalized and luxury products as disposable incomes rise.
- Potential implications of economic fluctuations on discretionary spending.