In 2023, the sold production of watch and clock cases and parts in France stood at 18.192 million euros. The forecast from 2024 to 2028 indicates a consistent decline in production values, from 17.727 million euros in 2024 to 16.003 million euros in 2028. This shows a year-on-year decrease in values, with a compounded annual growth rate (CAGR) reflecting a steady downturn over the five-year forecast period.
Future trends to watch for include:
- Technological advancements which may either improve efficiency or disrupt traditional production methodologies.
- Shifts in consumer demand, especially towards digital timekeeping devices, impacting the traditional watch and clock market.
- Potential economic or policy changes within the EU that could affect manufacturing costs or market access.