With production value of USD2.9 billion, India accounts for 14.1% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 2.2% of total production output. The industry’s profitability increases and stands at 53.8% of production value in 2023, the highest regionally. The costs of the industry increase by 0.1% in 2023, largely driven by rising B2B costs. The total number of companies decreases in 2023, to 53,950 units. The industry is fragmented, with the top five companies generating 7.8% of total production value in 2023. Titan Co Ltd is the largest company in India, generating 4.1% of the industry’s total production value in 2023. India has the fourth largest market size for watches and clocks regionally, with demand reaching USD4.1 billion in 2023. B2B drives market demand, with B2B spending representing 60.2% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 14.7% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Watches and Clocks in India: ISIC 333. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Watches and Clocks in India: ISIC 333 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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