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Clock and Watch Manufacturing in China Industry Data and Analysis
With the rapid growth of the Chinese economy and technological progress, the industry has begun to transform and upgrade, gradually developing from OEM to independent R&D of products.Revenue for the Clock and Watch Manufacturing industry in China is expected to decrease an annualized 5.8% over the five years through 2024, to $5,267.7 million. Mobile phones and smart wearable devices can replace some functions of traditional watch, which are suppressing industry demand. The popularity of electronic products has led to a decrease in demand for low-end industry products, but the demand for high-end luxury watches remains stable.As the industry is highly export-oriented, export value is expected to account for 92.4% of total industry revenue in 2024. Most operators are based in coastal areas to transport conveniently, like Guangdong, Fujian province which account for 91.9% of industry revenue combined.During the COVID-19 pandemic, China implemented control measures to prevent the spread of the pandemic, interrupting the supply of raw materials and components. The output of clocks and watches in China decreased from 1.6 billion units in 2017 to 1.3 billion units in 2023.Industry profit is expected to total 4.2% of revenue in 2024. Total wages are expected to rise by an annualized 2.5% over the five years through 2024, to $639.8 million. With the improvement of precision technology in clock and watch manufacturing, the demand for skilled workers will increase, and wages and profits will gradually increase in the future.The development of precision mechanical technology will still drive the development of the industry, especially in the high-end market. Industry revenue is expected to increase an annualized 2.4% over the five years through 2029, to total $5,944.6 million. The export market is expected to grow at an average rate of 1.6% in the next five years.
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What's included in this industry analysis
IBISWorld's research coverage on the Clock and Watch Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Clock and Watch Manufacturing industry in China operates under the industry code 4130. The Clock and Watch Manufacturing Industry in China consists of firms that manufacture a range of watches, clocks, and other timing instruments, such as chronometers. This industry also includes firms that manufacture watch and clock parts and components (e.g. straps, springs, wheels, hand, dials and cases), along with time switches with clock or watch movements or with synchronous motors. Related terms covered in the Clock and Watch Manufacturing industry in China include quartz oscillator, chronometers and synchronous.
What's included in this industry?
Products and services covered in Clock and Watch Manufacturing industry in China include High-end watches and clocks, Mid-end watches and clocks and Low-end watches and clocks.
What companies are included in this industry?
Companies covered in the Clock and Watch Manufacturing industry in China include FIYTA Precision Technology Co., Ltd., Citychamp Watch and Jewellery Group Limited and Dongguan Deli Watch Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Clock and Watch Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Clock and Watch Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Clock and Watch Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Clock and Watch Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Clock and Watch Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Clock and Watch Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Clock and Watch Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Clock and Watch Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Clock and Watch Manufacturing industry in China in 2026?
The market size of the Clock and Watch Manufacturing industry in China is $5.3bn in 2026.
How many businesses are there in the Clock and Watch Manufacturing industry in China in 2025?
There are 298 businesses in the Clock and Watch Manufacturing industry in China, which has grown at a CAGR of 2.5 % between 2020 and 2025.
How may import tariffs affect the Clock and Watch Manufacturing industry in China?
The Clock and Watch Manufacturing industry in China is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Clock and Watch Manufacturing industry in China?
The Clock and Watch Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Clock and Watch Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Clock and Watch Manufacturing industry in China has been declining at a CAGR of 5.8 % between 2020 and 2025.
What is the forecast growth of the Clock and Watch Manufacturing industry in China over the next 5 years?
Over the next five years, the Clock and Watch Manufacturing industry in China is expected to grow.
What are the biggest companies in the Clock and Watch Manufacturing industry in China?
The biggest companies operating in the Clock and Watch Manufacturing industry in China are FIYTA Precision Technology Co., Ltd., Citychamp Watch and Jewellery Group Limited and Dongguan Deli Watch Co., Ltd.
What does the Clock and Watch Manufacturing industry in China include?
High-end watches and clocks and Mid-end watches and clocks are part of the Clock and Watch Manufacturing industry in China.
Which companies have the highest market share in the Clock and Watch Manufacturing industry in China?
The company holding the most market share in the Clock and Watch Manufacturing industry in China is FIYTA Precision Technology Co., Ltd..
How competitive is the Clock and Watch Manufacturing industry in China?
The level of competition is high and increasing in the Clock and Watch Manufacturing industry in China.
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