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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 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.

Southeast

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

 


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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