Poland and Italy lead the European market for enterprises in watch, clock, and jewelry repair with 2023 shares at 19.1% and 18.83%, respectively. While most countries experienced declining numbers, Poland marked a 0.5% increase. The UK saw a modest rise of 0.87%, whereas France declined sharply by 16.24%. Notably, Estonia and Luxembourg recorded increases of 9.1% and 14.87%, respectively.
Future trends to observe include:
- Potential technological integration in repair services improving efficiency and possibly leading to market consolidation.
- The impact of economic and consumer trends on smaller markets and growth in sustainable and vintage watch repair demand in key locations.
- Expansion of services due to digital and online presence, affecting geographical repair dynamics.
Top countries in Number of Enterprises of Watches, Clocks and Jewellery Repair Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 19.1 | 2023 | 0% | +0.5% | View data |
| 2 | 2 Italy | 18.83 | 2023 | -5.26% | -4.51% | View data |
| 3 | 3 Netherlands | 8.77 | 2023 | +0.36% | +0.43% | View data |
| 4 | 4 Germany | 7.03 | 2023 | -0.43% | -3.83% | View data |
| 5 | 5 Hungary | 6 | 2023 | -1.03% | -1.92% | View data |
| 6 | 6 United Kingdom | 5.54 | 2023 | +0.85% | +0.87% | View data |
| 7 | 7 France | 5.18 | 2023 | -20.24% | -16.24% | View data |
| 8 | 8 Spain | 3.97 | 2023 | -0.78% | -0.65% | View data |
| 9 | 9 Lithuania | 3.62 | 2023 | 0% | -0.34% | View data |
| 10 | 10 Portugal | 3.26 | 2023 | -1.42% | -2.32% | View data |
