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 Locations Chapter
The geographic distribution of the Watch and Jewelry Repair industry closely follows the distribution, density and age of the overall US population. Consequently, the regions with the greatest share of industry establishments are also those with the highest populations, particularly regions with large elderly populations.
The Southeast is the most populous region in the United States with 25.4% of the population. It also has the largest concentration of establishments with about 30.8% of total industry establishments... purchase to read more