Watches Market Size Is Anticipated To Reach USD 96.81 Billion By 2033: Grand View Research Inc.
The global watches market size is anticipated to reach USD 96.81 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.3% from 2026 to 2033. Rising importance of smart watches as a key wearable device that provides exceptional functionality to paired up with Bluetooth and near field characteristics (NFC) is expected to prompt the product’s consumption among the buyers. Furthermore, growing popularity of weight management among sports enthusiasts and gym professionals as a result of increasing concerns over heart diseases and obesity is expected to fuel the demand for smart watches for body activity monitoring. Asia Pacific is expected to expand at a CAGR of 13.9% from 2019 to 2025. Improvement in economic indicators including increasing disposable income and urbanization in the countries including China, India, and Malaysia is projected to upscale the requirement of watches. Furthermore, increasing ...