Global Industry Overview: Watches and Clocks
The global watch and clock industry comprises the manufacture of clocks, watches, watchcases, and clock and watch parts.
Industry Snapshot
In 2009 the Federation of the Swiss Watch Industry (FHS) estimated in its report entitled "The Swiss and world watchmaking industry in 2008" that the number of timepieces produced worldwide was approximately 1.2 billion. The world's largest consumers of clock and watch materials were Hong Kong, the United States, Japan, Switzerland, and China. These countries, as reported by the FHS, accounted for more than 70 percent of global trade.
In 2007, retailers told...