Revenue for the Clock and Watch Manufacturing industry in China is set to increase by 6.2% in 2015 to $5.7 billion. Over the five years to 2015, the industry grew at an annualized rate of 8.6%. China's large domestic market and growing foreign demand are the two main engines for the industry's development. The industry is highly export-oriented; as a result, most operators are based in coastal areas, namely Guangdong, Fujian, Zhejiang, Shandong and Tianjin. Exports as a proportion of industry revenue are estimated at 41.9% in 2015.
The Clock and Watch Manufacturing Industry in China consists of firms that manufacture a wide variety of watches, clocks, and other timing instruments such as chronometers. This industry also includes firms that manufacture watch and clock parts and components (e.g. straps, springs, wheels, hand, dials and cases) as well as time switches with clock or watch movements or with synchronous motors.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.