China watch industry Analysis report 2020 - Analysis of market Status and Development Trend
At present, China is the world's largest watch market, with nearly 100 million watches and 40 million clocks consumed every year, totaling more than 100 billion yuan, among which the number of domestic watches accounts for about 76 percent.Meanwhile, China ranks first in the world in the output of clocks and watches. From January to November, 2019, among the major products of the watch and watch manufacturing industry in China, the finished output of clocks and watches reached 122.036 million, a year-on-year decrease of 8.8%.The completed output of table is 123.432 million, down 11.0% year on year.
Not only that, the clock unique high precision manufacturing technology for aerospace, aviation, national defense and other industries supporting the production of a large number of precision timing instruments.
In recent years, the market of China's watch industry has been sluggish and sales have been shrinking. However, in 2017, in the face of difficulties, watch companies took the initiative to adjust their product structure according to market demand, increase the proportion of online sales and increase product sales, and achieved good results.Revenue reached 44.1 billion yuan in 2017, with a year-on-year growth of 16.98%.Watch sales in China are expected to reach 49.7 billion yuan in 2019.
In the future, the competition in the global watch industry will no longer be in the traditional industry, but in the emerging industry. The rise of smart watches based on new technologies such as mobile Internet may lead to a profound adjustment in the pattern of the world watch industry.
China Report network is a senior industry analysis report, in-depth market research report provider and comprehensive industry information portal built under the Group."China watch Industry analysis Report 2020 - Analysis of Market Status and Development Trend" covers the latest data of the industry, market hot spots, policy planning, competitive intelligence, market outlook forecast, investment strategy and other contents.It is supplemented by a large number of intuitive charts to help enterprises in the industry accurately grasp the trend of industry development, market business opportunities, the correct formulation of enterprise competition strategy and investment strategy.This report is based on authoritative data released by the National Bureau of Statistics, The General Administration of Customs, the State Information Center and other channels, as well as field research conducted by our center on the industry. It combines the environment of the industry and conducts market research and analysis from the perspectives of theory, practice, macro and micro.
It is one of the important decision bases for enterprises, relevant investment companies and government departments in the industry to accurately grasp the development trend of the industry, understand the competition pattern of the industry, avoid operation and investment risks, and make correct strategic decisions of competition and investment.This report is an indispensable tool for understanding the industry and investing in it.View of research is the domestic well-known industry information consultancy, has a senior expert team, over the years has been for thousands of enterprises, consultants, financial institutions, industrial associations, individual investors provide professional industry analysis report, such as customer covers the huawei, China petroleum, China telecom, China building, HP, Disney and other industry leading enterprises at home and abroad, and received recognition of the clients.
