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Watch & Jewellery Wholesaling in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Watch & Jewellery Wholesaling Market Research Report | SIC G46.480 | May 2016

All that glitters: Resilient demand for luxury watches has provided a glimmer of hope

IBISWorld’s Watch & Jewellery Wholesaling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
The Rolex Watch Company Ltd The Rolex Watch Company Ltd market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 12-17
-0.1%
Annual Growth 17-22
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Profit
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Employment
5,644
Businesses
1,166
Industry Analysis & Industry Trends

The Watch and Jewellery Wholesaling industry has lost some of its sparkle over the past five years. Subdued economic conditions and low disposable income growth resulted in weak consumer demand over much of the period. This was particularly evident at the start of the five years through 2016-17, leading to a damaging effect on watch and jewellery sales, which are highly discretionary in nature. Companies in the industry also faced an increasing trend towards wholesale bypass. During the five years through 2016-17, revenue is expected to contract at a compound annual rate of 0.1% as wholesale bypass continues. In 2016-17, industry revenue is anticipated to increase by 1% to £1.6 billion due to stronger demand conditions... purchase to read more

Industry Report - Industry Investment Chapter

On average, for every £1.00 spent on labour industry operators spend 38p on capital. This represents a high level of capital intensity, in line with high industry depreciation and low wage costs. Industry players principally lease out premises, forgoing depreciation on major assets. Equipment in the industry relates to communication, inventory control and security. Security equipment is a major capital expense for the industry and makes up the lions share of industry capital expenditure. Over the past five years, depreciation costs for the industry have been declining as very little technological change has taken place.

Labour consists of customer service operators, buyers and delivery staff. As a share of revenue, wages have been quite volatile over the past five years. Thi.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Watch & Jewellery Wholesaling Industry?

Companies in the industry wholesale watches, clocks, fine jewellery and imitation jewellery. More specifically, operators wholesale jewellery products such as rings, bracelets, earrings and necklaces. These may be manufactured from a variety of raw materials such as gold, silver, platinum, plastic, glass or wood.

Industry Products
Watches and clocksImitation jewelleryFine gold jewelleryFine platinum jewelleryFine silver jewellery
 
Industry Activities
watches and clocksimitation jewelleryjewellery made from precious metalsringsnecklaces and pendantsearringsbracelets


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