Asia-Pacific Watches Market Databank
The Watches market was valued at $50,550.0 Million in 2020, and is projected to reach $69,840.6 Million by 2029 growing at a CAGR of 3.70% from 2021 to 2029. Smart segment is expected to be the highest contributor to this market, with $24,676.2 Million in 2020, and is anticipated to reach $34,374.8 Million by 2029, registering a CAGR of 3.79%. Smart and Fitness segments collectively expected to account for about 81.3% share of the Watches market in 2020, with the former constituting around 48.8% share. Smart and Fitness segments are expected to witness significant growth rates at a CAGR of 3.79% and 3.75% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 81.3% in the overall Watches market in 2020, and is anticipated to reach 81.8% by 2029.
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