Revenue for the Clock and Watch Manufacturing industry in China is set to increase by 6.2% in 2017 to $6.2 billion. Over the five years to 2017, the industry grew at an annualized rate of 6.9%. China's large domestic market and growing foreign demand are the two main engines for the industry's development. The industry is highly export-oriented; as a result, most operators are based in coastal areas, namely Guangdong, Fujian, Zhejiang, Shandong and Tianjin. Exports as a proportion of industry revenue are estimated at 41.1% in 2017.China produces over 80.0% of the watches and clocks worldwide by volume, but only acquires a small share by value...purchase to read more.

Industry Report - Industry Locations Chapter

Since the second-half of 2008, the Clock and Watch Manufacturing Industry in China has developed strongly in Guangdong province, Fujian province and Shandong province.With an estimated 63.0% of total industry employment, Guangdong province is expected to have 52.7% of total enterprises and 50.6% of total industry revenue in 2017. Industry activity in Guangdong province is mainly concentrated in Shenzhen, which is the largest watch and clock production and export base in China. Many domestic and foreign enterprises, such as Fiyta, have production bases in Shenzhen. Due to the global financial crisis, the Shenzhen government has adopted preferential policies and implemented brand development plans, which are expected to attract many enterprises to invest in this industry. Cur...purchase to read more.

Additional Insights for the Clock and Watch Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Clock and Watch Manufacturing Industry are

  • Establishment of brand names
  • Ability to alter goods and services produced in favor of market conditions
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Manufacturing Exports - Machinery and Equipment and Real Personal Disposable Income in the Clock and Watch Manufacturing industry impact industry performance..

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    What's in this report

    What is the Clock and Watch Manufacturing Industry?

    The Clock and Watch Manufacturing Industry in China consists of firms that manufacture a wide variety 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) as well as time switches with clock or watch movements or with synchronous motors.

    Industry Products
  • High-end watches and clocks
  • Mid-end watches and clocks
  • Low-end watches and clocks
  • Industry Activities
  • Manufacturing clocks (e.g. quartz clocks, mechanical clocks, and clocks for special purposes)
  • Manufacturing wrist watches, pocket watches, stop watches, and watches for special purposes
  • Manufacturing clock and watch movements
  • Manufacturing instrument panel clocks
  • Manufacturing time switches with clock or watch movements or with synchronous motors
  • Manufacturing quartz oscillators
  • Manufacturing clock and watch parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Manufacturing Exports - Machinery and Equipment
  • Real Personal Disposable Income
  • Expenditure by Household Income Quintile Group - Highest 20%
  • Import Price Index - Instruments, Clocks etc, Optical & Photographic
  • Industry Competition - Watch and Jewellery Retailing
  • Domestic Goods Prices - Metals - Steel

  • Current Performance
    Revenue and profitabilityEnterprises and wagesLow-end market is shrinking
  • Chart: Revenue Growth

  • Industry Outlook
    Industry performanceIncreased compliance costsE-commerce on the riseProduct trends
  • Table: Clock and Watch Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clock and Watch Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Supermarkets
  • Online Shopping

  • Key Selling Industries
  • Plastic Parts Manufacturing
  • Steel Rolling

  • Products & Services
  • Low-end watches and clocks
  • Mid-end watches and clocks
  • High-end watches and clocks
  • Chart: Clock and Watch Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Level of economic development
  • Diversification of lifestyles
  • Foreign markets
  • Product innovation and diversification

  • Major Markets
  • Exports
  • Watch and clock chain stores
  • Shopping malls and department stores
  • Brand shops
  • Other
  • Chart: Major Market Segmentation for the Clock and Watch Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Clock and Watch Manufacturing

  • Basis of Competition
  • Quality
  • Design
  • Price
  • Brand
  • After-sales service and customer relationships
  • Sales distribution channels
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clock and Watch Manufacturing Industry

  • Industry Globalization
    Shenzhen Fiyta Holdings Ltd., Citychamp Watch and Jewellery Group Limited, Fujian Wide Plus Precision Instruments Co. Ltd., Tianwang Electronics (Shenzhen) Company, Zhuhai SMH Watchmaking Co., Ltd.,
  • Table: Shenzhen Fiyta Holdings Ltd. - financial performance
  • Table: Citychamp Watch and Jewellery Group Limited - financial performance
  • Table: Fujian Wide Plus Precision Instruments Co. Ltd. - financial performance
  • Table: Tianwang Electronics (Shenzhen) Company - financial performance
  • Table: Zhuhai SMH Watchmaking Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Clock and Watch Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Clock and Watch Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output of Clocks (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Watches that are very accurate and have been manufactured to meet certain precision standards.
  • Quartz Oscillator
  • Produces electrical oscillations at a stable frequency. Used as resonant elements in home appliance and communications equipment, including clocks and watches. Also known as crystal oscillators.
  • Synchronous
  • Pertains to a transmission technique that requires a common clock signal (i.e. a timing reference) between communicating devices to coordinate their transmissions.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Clock and Watch Manufacturing 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Clock and Watch Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Clock and Watch Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Clock and Watch Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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