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Watch & Jewelry Repair in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Watch & Jewelry Repair Market Research Report | Consumer Goods & Services | Personal Services | 2015

Out of time: Falling demand and rising competition have pushed the industry into decline

The Watch & Jewelry Repair market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
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Annual Growth 10-15
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Annual Growth 15-20
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Profit
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Employment
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Businesses
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Industry Analysis & Industry Trends

The industry has been on the decline for the past decade, and revenue will continue to fall over the next five years. Intensifying competition from retailers and manufacturers that offer free or discounted after-sale repair services has reduced demand for the industry. Substitute goods, such as smartphones, have also reduced consumer demand for watches and, thus, repair services. Rising input costs have squeezed profit margins, forcing many operators to exit the industry... purchase to read more

What is the Watch & Jewelry Repair industry?

This industry provides watch and jewelry repair services, including sizing, polishing and battery replacement. Firms in the industry also offer other repair and rental services and resell refurbished merchandise and parts. However, industry participants are stand-alone shops that do not sell new watches or jewelry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents
Major products in this industry
Jewelry repair servicesWatch repair servicesResale of partsResale of refurbished merchandiseOther services
 


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