The European market for Watches, Clocks, and Jewellery Repair in 2023 saw notable variations across different countries. The United Kingdom leads with €30.46 million, representing a 2.65% increase from the previous year. Germany and France follow with €13.66 million and €13.07 million, experiencing declines of 0.74% and 8.49%, respectively. Italy's turnover slightly diminished by 0.55% to €12.48 million. Spain, however, showed a remarkable 11.45% growth to reach €8.71 million. Other significant variations include a 6.17% rise in Belgium and an 8.45% increase in Bosnia and Herzegovina. Conversely, Greece and Latvia saw substantial decreases of 12.26% and 9.71%, respectively.
Looking ahead, the European turnover for this industry is expected to witness diverse trends. The United Kingdom may continue to dominate with steady growth, while markets like Spain and Belgium highlight potentials for substantial expansion. Countries experiencing contractions, such as France and Italy, might adopt strategic adjustments to stimulate recovery and stabilization. Future trends to watch include technological innovations in repair services, the impact of sustainability efforts, and evolving consumer preferences toward luxury and heritage watch and jewellery repair services.
Top countries in Turnover of Watches, Clocks and Jewellery Repair Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 30.46 | 2023 | +0.85% | +2.65% | View data |
| 2 | 2 Germany | 13.66 | 2023 | +0.17% | -0.74% | View data |
| 3 | 3 France | 13.07 | 2023 | -15.35% | -8.49% | View data |
| 4 | 4 Italy | 12.48 | 2023 | +3.3% | -0.55% | View data |
| 5 | 5 Spain | 8.71 | 2023 | +9.44% | +11.45% | View data |
| 6 | 6 Poland | 5.14 | 2023 | +1.86% | +0.75% | View data |
| 7 | 7 Portugal | 3.05 | 2023 | +16.07% | -0.9% | View data |
| 8 | 8 Hungary | 1.97 | 2023 | 0% | -1.15% | View data |
| 9 | 9 Sweden | 1.97 | 2023 | +3.7% | +1.76% | View data |
| 10 | 10 Belgium | 1.36 | 2023 | +1.75% | +6.17% | View data |
