In 2023, the number of enterprises involved in watches, clocks, and jewellery repair in Italy stood at approximately 1.2 thousand. A declining trend is expected from 2024 onwards, with forecasts predicting a drop to 0.883 thousand enterprises by 2028. The year-on-year variations indicate a continual decrease, with the largest drop expected between 2027 and 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 forecasts an annual average reduction of approximately 4.9%.
Future trends to watch for include potential impacts from increased digitalization, shifts in consumer preferences towards more sustainable and personalized options, and a rise in demand for repair services due to the growing consciousness of reducing waste among consumers. Additionally, economic factors such as spending power and export demand might significantly impact this sector.
