IBISWorld’s Clock and Watch Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Analysis & Industry Trends

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...

Industry Report - Starting a New Business Chapter

The scale of investment is small in this industry. Low capital levels are required to establish a watch and clock plant, especially one focusing on the manufacturing of low-end products. The technology level is also moderate as most watches and clocks made in China are not high-tech products, and functions and designs are generic. Basic plant and equipment is required to manufacture low-end clocks and watches.

This industry in China is export-oriented. As the majority of watches and clocks are exported, the established sales network and distribution channels are not seen as serious barriers to entry into the industry. However, it can be difficult for manufacturers to establish export markets.

Industry leaders have weak dominance levels. Maj..

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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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 profitability
  • Enterprises and wages
  • Low-end market is shrinking
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry performance
  • Increased compliance costs
  • E-commerce on the rise
  • Product 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Shenzhen Fiyta Holdings Ltd.Citychamp Watch and Jewellery Group LimitedFujian Wide Plus Precision Instruments Co. Ltd.Tianwang Electronics (Shenzhen) CompanyZhuhai 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

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
  • 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.
  • Why buy this report?

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    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

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