The watch market size is poised to grow by USD 3.31 billion during 2020-2024, progressing at a CAGR of almost 1% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Watch Market 2020-2024 (Graphic: Business Wire)
The growing number of fashion-conscious consumers will be a significant factor in driving the growth of the watch market size. The apparel, accessories, and luxury goods industry is witnessing significant growth owing to factors such as evolving consumer tastes, preferences, and lifestyles, rising