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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 | Apr 2013

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
$504m
Annual Growth 08-13
-4.9%
Annual Growth 13-18
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Profit
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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 - Industry Investment Chapter

The Watch and Jewelry Repair industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators will spend $0.04 in capital investment in 2013. The industry relies heavily on labor, as skilled workers are essential in diagnosing problems, and fixing and restoring watches and jewelry. Furthermore, workers must have a diverse knowledge and skill set as various types of jewelry, precious metals, electronic and mechanical watches all require different levels of workmanship.

Capital intensity has grown in the past five years as employment has fallen and industry operators have been slightly increasing capital investments. Wages have also been falling in an effort from operators to boost falling profit margins... 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


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