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Watch & Jewelry Repair in the US - Industry Market Research Report

  • ID: 2629730
  • Report
  • Region: United States
  • 28 pages
  • IBISWorld
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<p>Out of time: Shifting retail market dynamics have bolstered industry revenue</p>

Watch & Jewelry Repair

Over the five years to 2019, the Watch and Jewelry Repair industry has expanded due to favorable economic trends and shifting retail market dynamics. Prolonged economic growth over the past decade has drastically contributed to consumer incomes and willingness to spend. In turn, watch and jewelry sales, as well as demand for maintenance and repair services, have grown during the current period. Furthermore, industry profit has remained relatively stable over the past five years. This is primarily due to the service-based nature of industry operations, in which profitability is largely determined by the level of service provided. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to expand. Moreover, the size of the industry is also expected to expand given an expected continuation of retailers becoming service operators, and thus industry-relevant.

This industry provides watch and jewelry repair services, including sizing, polishing and battery replacement. Operators in this industry also offer other repair and rental services and resell refurbished merchandise and parts. However, industry participants are stand-alone shops that do not sell new watches or jewelry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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