The forecasted wage and salaries for the watches, clocks, and jewellery repair sector in the UK show a steady annual increase. Starting at 33.5 million Euros in 2024, and projected to reach 37 million Euros by 2028, the sector exhibits consistent growth. Compared to 2023, projections indicate incremental year-on-year increases of about 2.7% on average. Over the five-year span from 2024 to 2028, a compound annual growth rate (CAGR) of approximately 2.5% is expected, highlighting sustained expansion in this niche segment.
Future trends to watch for include:
- Technological advancements in repair tools enhancing operational efficiency.
- Consumer shifts towards vintage and luxury watch repair services.
- Potential economic disruptions affecting disposable incomes, influencing demand.
