Analysis: Watch Market ~ Rising Demand For Premium Watches to Boost the Market Growth

[BNA/LION]

Interesting Information here...

September 22, 2020 08:45 AM Eastern Daylight Time

LONDON--(BUSINESS WIRE)-- "Technavio has been monitoring the watch market and it is poised to grow by $ 3.31 bn during 2020-2024, progressing at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment..."

https://www.businesswire.com/news/ho...0922005418/en/

[JR16]

Kind of says what those of us active on the forum know - there was no recession for the wealthy, and super luxury products will continue to sell well.


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[WatchEater666]

CAGR of 1% isn't really good lol

[amateurcollector]

Originally Posted by WatchEater666

CAGR of 1% isn't really good lol

Agreed. The overall market stat is misleading, what about data on the brands that drive a majority of the activity (measured by clicks/ views around the web and pricing):

Rolex, AP, PP, FPJ, etc

[Batmannr1]

(12,25) % contraction in 2020 compared to 2019 if I read the chart correctly.
2020 is not good year for the watch industry

[Arcticsub]

Originally Posted by WatchEater666

CAGR of 1% isn't really good lol

Exactly. It actually means inflation is gobbling up your investment.

Lego star wars sets can easily have a cagr of 30% so......