SEARCH   
MEMBER LOGIN    

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 | Apr 2013

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

IBISWorld’s Watch & Jewelry Repair market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$504m
Annual Growth 08-13
-4.9%
Annual Growth 13-18
Purchase to read more
Profit
Purchase to read more
Employment
16,655
Businesses
13,325
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

Industry Report - Starting a New Business Chapter

Barriers to entry are low and steady for the Watch and Jewelry Repair industry, though barriers to success are high. The industry's low barriers to entry are characterized by low concentration levels and low capital intensity and technology change. About 84.0% of industry establishments employ zero to four people. Additionally, industry concentration levels are low, with the top four industry firms accounting for less than 40.0% of industry revenue. Capital intensity is also low with initial capital expenditures and ongoing capital costs not acting as significant barriers to new market entrants. While considerable capital outlay is required to establish a new store or the purchase a franchise license, annual capital costs fall below the cost of wages for this industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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.

Industry Products
Jewelry repair servicesWatch repair servicesResale of partsResale of refurbished merchandiseOther services
 
Industry Activities
Jewelry repairsJewelry polishingWatch and clock repairsWatch and clock battery replacementSizing servicesStone replacement services


View Sample
Quote
Select Clients