GITNUX MARKETDATA REPORT 2024
Popular Watches Statistics
Popular watches statistics indicate strong consumer demand for luxury timepieces with a significant market share held by renowned brands such as Rolex, Omega, and Seiko.
In this post, we explore a comprehensive overview of the global watch market, shedding light on key statistics and trends that shape the industry. From the soaring growth projections to the top consumer markets and popular brands, these statistics offer valuable insights into the world of watches.
Statistic 1
"The global watch market is expected to grow at a CAGR of 9.92% during the forecast period (2021-2026)."
Statistic 2
"In 2020, the U.S. was the leading consumer market for watches globally, with a value of 9.5 billion U.S. dollars."
Statistic 3
"The watch and jewelry segment makes up 15.2% of the global luxury market."
Statistic 4
"The market value of the smartwatches segment is projected to reach 96.31 billion USD by 2027."
Statistic 5
"In 2020, 33.9 million units of Apple watches were sold."
Statistic 6
"Tissot, one of the most popular watch brands, sells approximately 4 million watches every year."
Statistic 7
"About 722 million wristwatches were produced globally in 2018."
Statistic 8
"Rolex, a popular high-end watch brand, was valued at 7.9 billion U.S. dollars in 2020."
Statistic 9
"Rolex was the most searched watch brand globally in 2020."
Statistic 10
"6 out of 10 luxury watches are given as gifts."
Statistic 11
"46% of consumers prefer to buy watches online."
Statistic 12
"In 2019, women represented 35% of the luxury watch market."
Statistic 13
"Around 30% of the luxury watches are bought by people under the age of 35."
Statistic 14
"The Swiss watch industry exports over 95% of its production."
Statistic 15
"14% of the U.S. population owned a smartwatch in 2019."
Statistic 16
"The largest age group of watch consumers in the U.S. is 35-54 years old."
Statistic 17
"Switzerland produced more than 17 million wristwatches in 2019."
Statistic 18
"By 2027, the global market for luxury watches is estimated to reach US$ 9.3 Billion."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
