The Development Status of China's Watch Industry
Release time:
2024-05-14
Abstract
1、 Number structure of enterprises
There are approximately 3600 watch companies in the Chinese watch industry, including well-known ones such as Feiyada, Haiou, and Rossini. These enterprises are mainly concentrated in Guangdong, with approximately 2000 engaged in clock related product matching. Among them, the number of enterprises above designated size reached 260 in 2019.
2、 Personnel size status
According to statistics, the total number of personnel engaged in clock production in enterprises above designated size in 2019 was around 100000. Among them, the well-known domestic brand Feiyada Precision Technology Co., Ltd. had 4994 employees in 2019.
3、 Industry asset size
In recent years, the total asset size of Chinese watch manufacturers above designated size has been around 40 billion yuan. According to statistics, in 2019, the total asset size of Chinese watch manufacturers above designated size reached 40.8 billion yuan.
4、 Industry market size
The clock industry is a high-precision manufacturing industry closely related to people's lives. In 2019, there were 260 industrial scale enterprises in China's watch industry with a revenue of 36.3 billion yuan; The profit is 2.23 billion yuan. China accounts for 90% of the world's clock production and 80% of the world's watch production, making it a true clock producing country and moving towards becoming a clock producing powerhouse.
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