Global Watch Market Continues To Buck The Trend
It is no secret that many international financial markets are currently in a state of turmoil, in large part due to the sub-prime mortage crisis and the resulting fall-out. However, this constant threat of recession has not yet seemed to have any apparent effect on the global watches market, which is projected to exceed US$31.6 billion by the year 2009, growing at a compounded annual rate of nearly 4% during the 2001-2010 period. This growth is largely being fueled by the changing trend in the watch industry which is now seeing many consumers buying several different watches to suit their needs as opposed to one for all occassions. Many consumers, this author included, have several watches in their weekly rotation and may even buy a watch for a specific occasion or outfit.An excellent indication of future trends in the market comes from a recent report entitled "Watches & Clocks: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This report provides a

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