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  • Rising Sales of Watch Industry in Yiwu Market

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2020-10-29
  •     The watch industry is one of the most competitive and well-known industries in Yiwu market. It is mainly located on 3F and factory outlets center on 4F, District II, International Trade Mart. There are a total of 507 booths dealing with quartz wall clocks, floor clocks, mechanical clocks, craft gift clocks, quartz watches, electronic watches, watch accessories and etc. The industry is highly export-oriented and the products are mainly sold to countries and regions such as Iran, Italy, Russia, South Africa, Brazil and Iraq.
        The market for clock products is heating up. With the development of times, clocks have been given more individual design and functional concepts of home accessories to meet the needs of consumers in different home functional areas such as living rooms, kitchens, bedrooms and children's rooms. Due to the fierce competition for homogenization in the market, many business entities are expanding their business channels and diversifying their development towards the export market. At the same time, they are also actively introducing new ones, devoting themselves to the styles and performance of the clocks, striving to gain a firm foothold in the market. Recently, influenced by the decoration preferences of young consumers, simple European-style creative wall clocks have become more prominent. Meanwhile, cute cartoon bedside clocks are also popular among young consumers and children, with increasing sales.
        The smart watch market enjoys a bright future. With the completion of major smart watch system service platforms and the maturity of the development of health big data service products, the scale of the smart watch market will continue to grow. Meanwhile, with the improvement of people's quality of life, their requirements for smart watch functions are becoming increasingly diverse. According to different types of consumers, smart watches can be roughly divided into three categories: 1. Adults' smart watches with functions such as Bluetooth simultaneous calling, sedentary reminder, running step counting and remote photography; 2. Elderly's smart watches with professional customization functions such as ultra-precise GPS positioning, family calling, emergency calling, heart rate monitoring and medication reminder; 3. Children’s smart watches with functions such as multiple positioning, two-way communication, SOS help, remote monitoring, intelligent anti-loss and etc. Among them, the sales of adults' smart watches are the most prominent, which are mainly exported to Europe, the Middle East, Russia and other countries and regions in the world.