GCC Luxury Watch Market Size, Industry Growth, and Research Report 2024-2032
GCC Luxury Watch Market Overview Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 17.6% (2024-2032) According to the latest report by IMARC Group, the GCC luxury watch market size is projected to grow at a CAGR of 17.6% from 2024 to 2032 . The market is growing due to rising disposable incomes, a taste for high-end brands, and tourism influx. GCC Luxury Watch Market Trends and Drivers: The GCC luxury watch market is experiencing robust growth, driven by high disposable incomes and a strong cultural emphasis on luxury and status symbols. Consumers in GCC countries, particularly Saudi Arabia and the UAE, have a deep appreciation for luxury items, including premium watches. The market is further supported by a growing population of affluent individuals and expatriates who view luxury timepieces as symbols of social status and personal achievement. Additionally, the trend of gifting ...