The European turnover of the watches, clocks, and jewellery repair market in 2023 was led by the United Kingdom with a strong growth of 2.65%, followed by Germany, France, Italy, and Spain, with Spain experiencing a significant 11.45% increase. Portugal, Hungary, Norway, and several small markets such as Cyprus and Bulgaria showed modest positive fluctuations. However, France and Greece faced steep declines at -8.49% and -12.26%, respectively. Year-over-year variations reveal intensifying growth in emerging markets like Bosnia and Herzegovina and Ukraine, while some traditionally stronger markets remained steady or slightly receded.
Looking ahead, Europe may witness increased investment in low-carbon technologies leading to disparities in repair infrastructure investments. Watch for increased digitalization potentially impacting consumer demand and market share distribution. Sustainability trends may foster growth in quality repair services as consumers increasingly favor longevity over disposability, impacting the European repair market landscape.
Top countries in Turnover of Watches, Clocks and Jewellery Repair by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 129.8 | 2023 | +0.85% | +2.65% | View data |
| 2 | 2 Germany | 58.2 | 2023 | +0.17% | -0.74% | View data |
| 3 | 3 France | 55.7 | 2023 | -15.35% | -8.49% | View data |
| 4 | 4 Italy | 53.2 | 2023 | +3.3% | -0.55% | View data |
| 5 | 5 Spain | 37.1 | 2023 | +9.44% | +11.45% | View data |
| 6 | 6 Poland | 21.9 | 2023 | +1.86% | +0.75% | View data |
| 7 | 7 Portugal | 13 | 2023 | +16.07% | -0.9% | View data |
| 8 | 8 Hungary | 8.4 | 2023 | 0% | -1.15% | View data |
| 9 | 9 Sweden | 8.4 | 2023 | +3.7% | +1.76% | View data |
| 10 | 10 Belgium | 5.8 | 2023 | +1.75% | +6.17% | View data |
