Leading Watches Distribution Channel Markets Databank

Leading Watches Distribution Channel Markets 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. Hyper/Super market segment is expected to be the highest contributor to this market, with $24,811.7 Million in 2020, and is anticipated to reach $33,842.5 Million by 2029, registering a CAGR of 3.55%. Online segment is anticipated to reach $20,561.6 Million by 2029 with the highest CAGR of 3.93%. Hyper/Super market and Online segments collectively expected to account for about 77.9% share of the Watches market in 2020, with the former constituting around 49.1% share. Online and Convenience Stores segments are expected to witness significant growth rates at a CAGR of 3.93% and 3.71% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 50.9% in the overall Watches market in 2020, and is anticipated to reach 51.5% by 2029.