In 2023, the European watches and clocks sector saw varied enterprise growth across countries. France, Germany, and Italy experienced minor declines, while the UK and Sweden registered growth. Belgium's enterprises surged, showing the highest year-on-year increase. Meanwhile, Austria faced a significant downturn. The watch sector remains modestly concentrated in France, with the highest enterprise count.
Future trends suggest potential growth shifts. Scandinavian countries like Sweden and Finland show robust enterprise growth, indicating a regional shift. Italy and Spain's declines could spur restructuring or innovation to reclaim ground. Increasing sustainability demands and digitalization in production might reshape the industry landscape.
Top countries in Watches and Clocks Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 212 | 2023 | +1.44% | -0.28% | View data |
| 2 | 2 Germany | 147 | 2023 | 0% | -0.27% | View data |
| 3 | 3 United Kingdom | 74 | 2023 | 0% | +0.27% | View data |
| 4 | 4 Spain | 60 | 2023 | -1.64% | -3.04% | View data |
| 5 | 5 Netherlands | 59 | 2023 | 0% | 0% | View data |
| 6 | 6 Italy | 58 | 2023 | +3.57% | -2.25% | View data |
| 7 | 7 Sweden | 51 | 2023 | +2% | +4.98% | View data |
| 8 | 8 Poland | 35 | 2023 | 0% | -1.11% | View data |
| 9 | 9 Hungary | 28 | 2023 | +3.7% | +2.29% | View data |
| 10 | 10 Belgium | 16 | 2023 | 0% | +9.86% | View data |
