India in Top 3 Global Portable Tire Shipments in Q2: Report

With shipments of 6.3 million units, India’s share of the global wearable strap market reached 15 percent in the second quarter of 2022, its all-time high, a new report said.

According to market research firm Canalys, while India remained in third place behind China and the US in total portable tire shipments, its share reached 15 percent for the first time.

“The local kings, such as Noise, Fire-Boltt and boAt, have found a winning formula to quickly reach a quarterly shipment level of more than one million units,” Canalys analyst Ashweej Aithal said in a statement.

Worldwide shipments of wearables rose 2.0 percent to 41.7 million units in the second quarter of 2022, a return to growth after a 3.7 percent decline in the first quarter.

The basic watches and smartwatches, categorized under wristwatches, grew by 46.6 percent and 9.3 percent, respectively.


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