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Watch & Jewellery Wholesaling in the UK - Industry Market Research Report

Publisher IBISWorld
Published Aug 16, 2024
Length 69 Pages
SKU # IBSS19120237

Description

Watch & Jewellery Wholesaling in the UK - Industry Market Research Report


Watch & Jewellery Wholesaling in the UK

Consumer confidence, disposable incomes, exchange rates and world prices of precious metals all heavily influence the performance of watch and jewellery wholesalers. Purchases of watches and jewellery are considered discretionary, with many customers opting to reign in the spending during tough economic climates. However, the luxury end of the market is remarkably robust to market cycles. Purchase costs for wholesalers can shoot up in periods of economic uncertainty as demand for precious metals rises as they're considered safe investments. The COVID-19 outbreak sparked a drop in demand for wholesalers as many downstream retail outlets had to shut up shop in line with government restrictions. The ban on international (and internal travel, albeit to a lesser extent) dented sales to tourists heavily. Luxury watches, like Rolex's, were unaffected by the outbreak; while production slowed, the scarcity initiated higher demand, helping to drive sales.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

69 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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