As of 2023, the production value of the watches, clocks, and jewelry repair sector in France was recorded at 51.2 million Euros. The forecast for the subsequent years shows a significant downward trend: 41.0 million Euros in 2024, 31.7 million Euros in 2025, 22.3 million Euros in 2026, 13.1 million Euros in 2027, and finally 3.8 million Euros in 2028. This denotes a steep year-on-year percentage decline across the forecasted period.
Key future trends to watch include:
- Potential market disruptions by digital and smart technology repair services.
- Changing consumer preferences towards sustainable and high-tech alternatives.
- The possible economic impact of global markets on luxury and timepiece repairs.
