Clock and Watch Manufacturing in China - Industry Market Research Report

Clock and Watch Manufacturing in China - Industry Market Research Report

Clock and Watch Manufacturing in China

Revenue for the Clock and Watch Manufacturing industry in China is expected to rise at an annualized 1.9% over the five years through 2023, to $14.3 billion. This includes an anticipated increase 1.7% in the current year. China's large domestic market and foreign demand have supported the industry's development. As the industry is highly export-oriented, most operators are based in coastal areas, such as Guangdong, Fujian, Zhejiang, Shandong provinces. Export revenue is expected to account for 36.7% of total industry revenue in 2023. However, overseas demand has declined gradually in recent years. This decline, compounded with lower domestic demand in 2018, resulted in industry revenue falling 2.0% in 2018, to $13.0 billion.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.