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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Locations Chapter

Businesses operating in the industry are concentrated in London and the South East. Together, these regions account for 59.8% of industry establishments. The smallest regions for the industry are Northern Ireland, the North East and Wales. IBISWorld expects that the spread of industry activity follows those of downstream markets and upstream suppliers. However, data indicates that access to downstream retailers has a greater influence on the location of jewellery wholesalers than upstream manufacturers (indeed, a large share of jewellery and watches are imported).

London

London is the largest region in terms of both industry revenue and the number of establishments. Approximately 46.1% of industry establishments are located in this region. It .. 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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