India Watch Glass Market (2025-2031) Outlook | Size, Value, Forecast, Growth, Analysis, Companies, Revenue, Share, Industry, Trends

India Watch Glass Market Synopsis

The watchglass industry in India currently stands at around USD 2 billion having grown by 7 percent year-on-year over the last three years driven mainly by luxury watches segment that accounts more than 50 percent of total revenues generated from this sector according to 6Wresearch, released recently. The country?s watch industry is largely dominated by Swiss brands but there are domestic players like Titan Industries Ltd., who have made significant strides into this space with their Tanishq brand capturing nearly 10 percent share of this sector revenue pie while other major contributors being HMT International Ltd., Timex Group India Ltd., Citizen Watches India Pvt Ltd etc.

Market Drivers of the market

The watch glass market in India is witnessing growth owing to the flourishing watch industry in the country. With a large consumer base and rising disposable income, the demand for watches has increased substantially, contributing to the demand for watch components like watch glass. Moreover, advancements in technology and the adoption of scratch-resistant and anti-reflective coatings on watch glass have enhanced its appeal to consumers. Furthermore, the trend of fashion and luxury watches has further fueled market growth, with consumers seeking high-quality materials like sapphire and mineral glass for watch faces.

Challenges of the Market

The watch glass market in India is witnessing growth owing to the flourishing watch industry in the country. With a large consumer base and rising disposable income, the demand for watches has increased significantly, contributing to the demand for watch components like watch glass. Moreover, advancements in technology and the adoption of scratch-resistant and anti-reflective coatings on watch glass have enhanced its appeal to consumers. Furthermore, the trend of fashion and luxury watches has further fueled market growth, with consumers seeking high-quality materials like sapphire and mineral glass for watch faces.

Covid-19 Impact on the Market

The watch glass market in India encountered significant challenges during the COVID-19 pandemic. With the economic slowdown and financial uncertainty, consumers reduced discretionary spending, leading to a decline in the demand for luxury and fashion watches. The closure of retail stores and restrictions on non-essential businesses further impacted the sales of watches and watch components. The manufacturing and supply chain disruptions also affected the production of watch glass. However, the market showed signs of recovery as the situation improved. With the resumption of economic activities, the watch industry gradually rebounded. The demand for watches, including watch glass, picked up as consumers adapted to the new normal and sought to enhance their personal style. Additionally, the shift towards online retail and e-commerce channels facilitated the sale of watches and watch components, contributing to market growth in the post-pandemic phase.

Key Players of the Market

In the India watch glass market, key players include Sapphire Finishing Mills Limited, Swarovski India Pvt. Ltd., Swatch Group India, Rado Watch Co. Ltd, and Titan Company Limited. These companies are prominent manufacturers of watch components, including sapphire and mineral glass for watch faces. They supply these components to watchmakers and watch brands operating in India and globally. With a commitment to precision engineering and craftsmanship, these key players contribute to the quality and durability of watches in the India market.

Key Highlights of the Report:

• India Watch Glass Market Outlook
• Market Size of India Watch Glass Market, 2024
• Forecast of India Watch Glass Market, 2031
• Historical Data and Forecast of India Watch Glass Revenues & Volume for the Period 2021-2031
• India Watch Glass Market Trend Evolution
• India Watch Glass Market Drivers and Challenges
• India Watch Glass Price Trends
• India Watch Glass Porter's Five Forces
• India Watch Glass Industry Life Cycle
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Glass watch glasses for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Plastic watch glasses for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Enterprise for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By School for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Personal for the Period 2021-2031
• Historical Data and Forecast of India Watch Glass Market Revenues & Volume By Other for the Period 2021-2031
• India Watch Glass Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• India Watch Glass Top Companies Market Share
• India Watch Glass Competitive Benchmarking By Technical and Operational Parameters
• India Watch Glass Company Profiles
• India Watch Glass Key Strategic Recommendations