India Watch Market Size, Share, and COVID-19 Impact Analysis, By Type (Quartz and Mechanical), By Price Range (Low-Range, Mid-Range, and Luxury), By End User (Men, Women, and Unisex), and India Watch Market Insights, Industry Trend, Forecasts to 2035

India Watch Market Insights Forecasts to 2035

• The India Watch Market Size Was Estimated at USD 6.2 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.02% from 2025 to 2035
• The India Watch Market Size is Expected to Reach USD 11.8 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The India Watch Market Size is Anticipated to Reach USD 11.8 Billion by 2035, Growing at a CAGR of 6.02% from 2025 to 2035. The Indian watch industry is compelled by a boost in disposable incomes, a growing awareness of fashion, and a rise in demand for luxury, premium, and smartwatches. The rise of electronic commerce sites, a strong influence from youth segments, brand endorsements, gifting trends, and continuous technological innovations are also contributing to sustained watch industry growth.

Market Overview

The India Watch Market Size for watches consists of various watches with varying degrees of functionality. The watches available in the market include analog watches, digital watches, luxury watches, and smartwatches. The watches serve various purposes. The materials used to make watches include stainless steel, leather, silicone, plastic, sapphire, quartz, and electronic components of smartwatches.

The market for watches in India is growing with the increase in disposable income, the importance of watches as a fashion accessory, and the high demand for watches among the youth and the working class. The growing trend of smartwatches with health monitoring, heart rate monitoring, fitness-related applications, and Bluetooth connectivity also contributes to the growth of the market. In addition, the growing trend of watches among the youth due to the influence of social media, celebrities, and the tradition of gifting watches to friends and family also contributes to the growth of the market. The availability of online retail platforms for the purchase of watches also contributes to the growth of the market.

The government incentives for the manufacture of watches, including the ‘Make in India’ initiative and 100% foreign direct investment in the manufacturing sector, also contribute to the growth of the market. The country imports high-technology components for watches and also exports high-end watches to other countries.

Report Coverage

This research report categorizes the market for the India Watch Market Size based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the watch market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the India watch market.

Driving Factors

The India Watch Market Size is expanding because people have more disposable income and they now understand fashion better. The market experiences growth because customers want luxury watches and branded watches that cost less and smartwatches. The market maintains its continuous growth because urban areas expand and e-commerce platforms develop and young people drive consumer behavior and gifting traditions exist and smart technology features keep developing.

Restraining Factors

The India Watch Market Size there are a few hurdles that the market is facing at present. The market for premium marble products is being impacted by the fact that many customers show price sensitivity. The rising prices are caused by increasing fuel expenses and transportation expenses and quarry expenses. The production process will face disruptions because of both environmental regulations and mining permit interruptions. The market faces another obstacle because of competition from alternative materials such as ceramic tiles and fabricated stones.

Market Segmentation

The India Watch Market share is classified into type, price range, and end users.

• The quartz segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The India Watch Market Size is segmented by type into quartz and mechanical. Among these, the quartz segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The demand for watches is mainly driven by factors like affordability, accurate timekeeping ability, low maintenance costs, and brand availability. The growing demand for fashionable and affordable watches among consumers, accompanied by rising urbanization rates and growing consumer spending capacity, is expected to drive this market segment at a high growth rate over the forecast period.

• The mid-range segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. 

The India Watch Market Size is segmented by price range into low-range, mid-range, and luxury. Among these, the mid-range segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The primarily to its affordability, quality, and stylish designs, which are appealing to the younger generation of professionals. Factors contributing to the high adoption of this product include the growing level of disposable income, brand awareness, the expansion of retail outlets, as well as the growing demand for fashionable yet affordable watches.

• The men segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The India Watch Market Size is segmented by end user into men, women, and unisex. Among these, the men segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment is led by high demand for formal, casual, and luxury watches among male end-users. Increase in disposable income, fashion quotient, preference for branded and stylish watches, and the rising culture of gifting also contribute to the growth of the segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the India Watch Market Size, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Titan Company Limited
• Fastrack
• Sonata
• Casio
• Timex
• Fire-Boltt
• Noise
• boAt
• Samsung (smartwatches)
• Amazfit
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the India, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the India Watch Market Size based on the below-mentioned segments:

India Watch Market, By Type

• Quartz
• Mechanical

India Watch Market, By Price Range

• Low-Range
• Mid-Range
• Luxury

India Watch Market, By End Users

• Men
• Women
• Kids