Wrist Watch Industry Statistics
Statistic Verification
Source: Federation of the Swiss Watch Industry (FH), Convention Patronale, Bank Vontobel, Contrôle officiel suisse des chronomètres (Official Swiss Chronometer Testing Institute, or COSC), Interbrand
Research Date: August 2nd, 2015

Questions: Number of watches sold annually in the world ? what is the global watch market wrist watch industry statistics and research data on swiss china watch industry market share held by omega rolex watches watch manufacturing data ? total number and cost revenue of the wrist watch industry ? what is the total number of watches sold to men and women worldwide in 2014? Total number of smartwatches sold in 2014

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Watch Industry StatisticsData
Number of watches sold annually worldwide1,200,000,000
Number of smartwatches sold in 20146,800,000
Average price of a smartwatch sold in 2014$189
Number of Swiss Watches sold annually29,200,000
Number of watches produced by China annually663,000,000
Number of watches produced by Hong Kong annually354,000.000
Average cost of a Swiss watch$739
Average cost of a China watch$3
Switzerland watch market share in terms of value54 %
Watch Market Leaders by Sales RevenueAnnual Revenue
Swatch / Omega annual sales$8,880,000,000
Rolex annual sales$4,500,000,000
Largest Global Watch ManufacturersMarket Share
Swatch Group18.3 %
Richemont15.7 %
Rolex11.8 %
Fossil (USA)5.2 %
LVMH / Bulgari (France)4.7 %
Citizen (Japan)3.9 %
Seiko (Japan)3.4 %
Patek Philippe3 %
Casio (Japan)2.1 %
Audemars Piguet1.7 %
Others30.1 %
Watch Sales by TypeMarket Share
Mechanical Watch market share77 %
Electronic Watch market share23 %
Largest Buyers of Watches by Purchased ValuePercent
Hong Kong20.4 %
USA10.2 %
China7.7 %
France6.2 %
Germany5.6 %
Watch Sales by MaterialsPercent
Steel53 %
Other Materials26 %
Other Metals15 %
Gold-Steel4 %
Precious Metals2 %

A watch is a timepiece, typically worn either around the wrist or attached on a chain and carried in a pocket. Wristwatches are the most common type of watch used today. Watches evolved in the 17th century from spring powered clocks, which appeared in the 15th century. The first watches were strictly mechanical. As technology progressed, the mechanisms used to measure time have, in some cases, been replaced by use of quartz vibrations or electronic pulses. The first digital electronic watch was developed in 1970.

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