Global Watches Market Outlook 2024 - 2030: Trends, Growth Drivers & Competitive Landscape
Watches Market Growth & Trends According to a recent report by Grand View Research, Inc., the global watches market is projected to reach a value of USD 204.7 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030. This robust growth is largely driven by the increasing adoption of smartwatches, which are emerging as essential wearable devices offering multifunctional capabilities. With features such as Bluetooth pairing and Near Field Communication (NFC), smartwatches are rapidly becoming popular among tech-savvy consumers looking for seamless connectivity and enhanced lifestyle management. The surge in smartwatch demand is further amplified by growing health awareness, particularly among sports enthusiasts, fitness professionals, and individuals concerned with heart health and obesity. As fitness tracking becomes an integral part of daily routines, smartwatches are increasingly used for body acti...