Luxury watch industry - statistics & facts
Precision, quality, luxury, design, perfect workmanship, tradition, coupled with specialist technology: the luxury watch industry combines traditional Swiss values in a traditional Swiss product, and as a highly export-driven sector, it conveys these values to the wider world. Global watch production is dominated by only a handful of players, the clear leaders being Switzerland, Hong Kong, and China. China is the world's biggest watch producer in terms of volume. However, Chinese watches are mainly geared towards the lower end of the price range. In the luxury segment, on the other hand, Switzerland enjoys a position of near-monopoly.
