Industry Statistics and Rankings
How does this industry perform in Switzerland compared to Europe?
Country Benchmarking
Industry Data Switzerland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#1 In EuropeBusiness
#1 In EuropeEmployees
#1 In EuropeWages
#1 In EuropeThe Watch and Clock Manufacturing industry in Europe has been a dynamic realm with impressive feats of craftsmanship and technology going hand in hand. Over the past few years, this sector has faced ups and downs in response to changes in economic conditions, consumer tastes and digital disruptions. This combination of factors has fostered a competitive yet vibrant environment, encouraging enterprises to innovate and differentiate their offerings. Manufacturers have been forced to revamp marketing strategies and better capitalise on emerging trends like smartwatches and other wearables, pushing the boundaries of what watchmaking can accomplish. Industry revenue is expected to drop at a compound annual rate of 1.1% over the five years through 2024 to €34.2 billion, when revenue will hike by an estimated 0.5%.
Enterprises
Number of businesses in 2024
Biggest companies in the Watch & Clock Manufacturing in Switzerland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Montres Rolex SA | 8,477.8 | 1,407.8 | 16.6 | |
Audemars Piguet Holding SA | 2,562.3 | 425.5 | 16.6 | |
Richard Mille SA | 2,134.7 | 354.5 | 16.6 |
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Top Questions Answered in this Report
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What is the market size of the Watch & Clock Manufacturing industry in Switzerland in 2024?
The market size of the Watch & Clock Manufacturing industry in Switzerland is €32.8bn in 2024.
How many businesses are there in the Watch & Clock Manufacturing in Switzerland industry in 2024?
There are 401 businesses in the Watch & Clock Manufacturing industry in Switzerland, which has grown at a CAGR of 2.6 % between 2019 and 2024.
Has the Watch & Clock Manufacturing industry in Switzerland grown or declined over the past 5 years?
The market size of the Watch & Clock Manufacturing industry in Switzerland has been growing at a CAGR of 4.9 % between 2019 and 2024.
What is the forecast growth of the Watch & Clock Manufacturing industry in Switzerland over the next 5 years?
Over the next five years, the Watch & Clock Manufacturing industry in Switzerland is expected to grow.
What are the biggest companies in the Watch & Clock Manufacturing market in Switzerland?
The biggest companies operating in the Watch & Clock Manufacturing market in Switzerland are Montres Rolex SA, Audemars Piguet Holding SA and Richard Mille SA
What does the Watch & Clock Manufacturing in Switzerland include?
Manufacturer of precious Metals watch and clock and Manufacturer of steel watch and clock are part of the Watch & Clock Manufacturing industry.
Which companies have the highest market share in the Watch & Clock Manufacturing in Switzerland?
The company holding the most market share in Switzerland is Montres Rolex SA.
How competitive is the Watch & Clock Manufacturing industry in Switzerland?
The level of competition is high and steady in the Watch & Clock Manufacturing industry in Switzerland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Watch and clock manufacturers design and produce watches, clocks and timing instruments. This process also encompasses manufacturing parts and components like straps, springs and dials, as well as time switches with clock movements or synchronous motors for consumer use.
Related Terms
ChronometerTourbillonQuartz MovementWhat's included in this industry?
Manufacturer of precious Metals watch and clock Manufacturer of steel watch and clock Manufacturer of bimetallic watch and clock Manufacturer of other metals watch and clock Manufacturer of other material watch and clockCompanies
Montres Rolex SAAudemars Piguet Holding SARichard Mille SAIndustry Code
2652 - Manufacture of watches and clocks in Switzerland
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Watch & Clock Manufacturing in Switzerland industry?
Outlook
Analysis
What's driving the Watch & Clock Manufacturing in Switzerland industry outlook?
Volatility
Analysis
What influences volatility in the Watch & Clock Manufacturing in Switzerland industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Watch & Clock Manufacturing in Switzerland industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Demand for steel watches ensures steady revenue. These watches appeal because of their durability, lifespan, resistance to discolouration and recyclability, which appeal to environmentally conscious consumers.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Watch & Clock Manufacturing in Switzerland industry's products and services performing?
Analysis
What are innovations in the Watch & Clock Manufacturing in Switzerland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Watch & Clock Manufacturing in Switzerland industry?
International Trade
Highlights
- Total Imports into Switzerland
- Total Exports into Switzerland
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Europe's Watch and Clock Manufacturing industry exhibits moderate concentration. While a few dominant manufacturers control a significant portion of the market, the industry still has substantial competition and diversity.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Watch & Clock Manufacturing in Switzerland located?
Companies
Data Tables
Top 7 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent laws heavily regulate Europe's watch and clock industry. These laws ensure consumer safety and environmental protection and uphold intellectual property rights through imposed standards, substance restrictions and rigorous patent enforcement.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Watch & Clock Manufacturing in Switzerland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Smartwatch popularity is challenging traditional watch profit. Despite economic shifts and tech competition, the European Watch and Clock Manufacturing industry retains its profitability through its dedication to quality, luxury and craftsmanship, but it must keep innovating to remain stable.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Watch & Clock Manufacturing in Switzerland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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