Cherish Your Every Second with the Feel of Style & Luxury
India’s economy is one of the fastest-growing in the world, and impressively the country is witnessing hype in the graph of innovative businesses today. Many existing and emerging brands are creating a significant impact on the Indian market and are expected to continue growing in the current decade. Watches are no different. Recognized as a highlighted accessory watches are a style quotient since ever. It drives many crazy, owing to the value it adds to a person’s look and personality.
The Indian watch market is projected to register a CAGR of 20.32 percent during the forecast period 2023-28. Currently, the disposability and affordability of watch brands are making them a popular fashion option among the target consumers across the country. More so the lower priced and mid-priced watches are prolifically gaining market traction due to increasing demand for ‘value-for-product’ watches and accessories amongst Indians. On the brighter side, watches are profusely being reckoned as a health awareness accessory too among consumers across the country. Many health conscious consumers are buying it as a choice to their health investment. Watches are being ought as a health gadget today and the rising consumer spending on health monitoring gadgets are contributing to the watch market. Apparently, the watch market sales are observing a boost with the increased sales of smartwatches as it has a wide range of monitoring functionalities that enable users to control music, notifications, walk tracks, heartbeat rates, and other functions.
Furthermore, there is more to it on the luxury side. Revenue in the Luxury Watches & Jewelry segment amounts to $2.24 Bn in 2023, and the market is expected to grow annually by 0.18 percent CAGR during 2023-2028. The plus are the luxury watch segments that are holding on to the customer bracket, presenting some uniquely, detailed & designed models. Especially, they are the limited editions, innovative designs and cutting-edge materials that are expected to be embellishing and driving the luxury watch industry this year. The Bain & Co report even suggests that by 2030, the luxury market in India could reach a staggering $200 billion.
The trending luxury watches are also seen as sentimental pieces, kept in the family for generations, and much adored like jewelry. The luxury timepieces from premium watchmakers are put in great effort and designed with meticulous attention to detail and crafted using advanced technology, materials, and procedures. The extensive level of craftsmanship that goes into manufacturing of such watches entail costly materials and requires much research and development to perfect each design. There are many watch brands in India that are building upon their capability and range adopting high-end technology in terms of enhancing the customer experience and levelling up their stratagem to present just the right item to consumer’s cognizing people of the possibilities of innovation stretch and trendiness with modern touch in watch manufacturing. In our current edition, we bring to our respective readers some recognizing brands that can effectively feed one’s fancy for style and luxury.
The Indian watch market is projected to register a CAGR of 20.32 percent during the forecast period 2023-28. Currently, the disposability and affordability of watch brands are making them a popular fashion option among the target consumers across the country. More so the lower priced and mid-priced watches are prolifically gaining market traction due to increasing demand for ‘value-for-product’ watches and accessories amongst Indians. On the brighter side, watches are profusely being reckoned as a health awareness accessory too among consumers across the country. Many health conscious consumers are buying it as a choice to their health investment. Watches are being ought as a health gadget today and the rising consumer spending on health monitoring gadgets are contributing to the watch market. Apparently, the watch market sales are observing a boost with the increased sales of smartwatches as it has a wide range of monitoring functionalities that enable users to control music, notifications, walk tracks, heartbeat rates, and other functions.
Furthermore, there is more to it on the luxury side. Revenue in the Luxury Watches & Jewelry segment amounts to $2.24 Bn in 2023, and the market is expected to grow annually by 0.18 percent CAGR during 2023-2028. The plus are the luxury watch segments that are holding on to the customer bracket, presenting some uniquely, detailed & designed models. Especially, they are the limited editions, innovative designs and cutting-edge materials that are expected to be embellishing and driving the luxury watch industry this year. The Bain & Co report even suggests that by 2030, the luxury market in India could reach a staggering $200 billion.
The trending luxury watches are also seen as sentimental pieces, kept in the family for generations, and much adored like jewelry. The luxury timepieces from premium watchmakers are put in great effort and designed with meticulous attention to detail and crafted using advanced technology, materials, and procedures. The extensive level of craftsmanship that goes into manufacturing of such watches entail costly materials and requires much research and development to perfect each design. There are many watch brands in India that are building upon their capability and range adopting high-end technology in terms of enhancing the customer experience and levelling up their stratagem to present just the right item to consumer’s cognizing people of the possibilities of innovation stretch and trendiness with modern touch in watch manufacturing. In our current edition, we bring to our respective readers some recognizing brands that can effectively feed one’s fancy for style and luxury.
