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China Accounts For 70 of the World Clock Supply with 1000 Companies...

Research and Markets (http://www.researchandmarkets.com/reports/c28687) has announced the addition of Global Sources new report: China Sourcing Report: Clocks to their offering.



This Report Provides:

Deep profiles of 20 major clock manufacturers with an in-depth look at their production facilities, export capacities and future plans. These profiles are based on personal factory visits and interviews with senior managers.



Short profiles of an additional 55 suppliers with key facts such as manufacturing capacities, technologies used, export ratios and key export markets.



A product gallery of 190 best-selling clocks from China, with detailed product specifications and full-color pictures

The results of our most recent Supplier Survey giving insights into future pricing, production, sales and R&D trends

This report covers: analog wall/table clocks, alarm/multifunction analog wall/table clocks, novelty/decorative wall/table clocks, floor clocks, alarm/multifunction digital wall/table clocks, novelty digital table clocks



Benefits of This Report:

Learn how the use of recycled plastic in clock and movement casings is affecting product cost and quality from China

Find out which companies are moving to digital clock production, and which are focusing on decorative wall, table and floor clocks

Discover how in-house manufacturing of movements and modules will affect the price and quality of clocks over the coming 12 months

Identify the innovative new functions top China manufacturers are adding to analog and digital clocks.



Summary

Seventy percent of global clock supply is produced in China, where 1,000 small-to-large suppliers make a full range of analog and digital clocks. The United States imported more than one-third of Chinas total output of US$450 million in 2003.



Production is based almost entirely in Guangdong province, and consists mainly of low-end premiums models. Basic quartz analog wall and table clocks currently lead output with a 37 percent share, with multifunction digital models second at 21 percent. Next year, expect multifunction digital clocks and novelty decorative quartz analog clocks to grow to prominence as makers consider these two categories have the best export growth potential. The market is already saturated with low-cost quartz analog clocks, which go for as little as 20 cents in Fujian province. In addition, the cost of producing an analog clock has increased to levels where clock manufacturers either have to cut profit margins or raise product prices.



Steps toward producing more multifunction digital clocks are already being taken. An increasing number of makers have either shifted or started production of digital clocks, a category where more value (in terms of function and design) can be added at the same cost as for a basic quartz analog model.



One of Chinas largest clock manufacturers, Fuzhou Reida, built a new factory early this year which will be used exclusively for digital clock production.



The majority of companies that produce digital clocks make the modules 's8212; which account for 60 percent of the products cost 's8212; in-house using outsourced components.



More companies are making movements in-house as well. Eight of the 20 companies we visited for this report now make the movements they use for their clocks, and one has plans to do so by next year.



OEM and ODM orders comprise 45 to 90 percent of Chinas clock output. Suppliers in this report produce clocks for Wal-Mart, Target, Metro, Kmart, Jusco, Daiso and IKEA. Some are also licensed manufacturers for Citizen, Seiko, Snoopy and Disney.



Despite the focus on OEM, many makers have developed their own brands which they are actively promoting in international markets. Clocks that carry suppliers own brand names make up 15 to 35 percent of exports, on average. In some companies, 90 percent of clock exports carry the suppliers own brand name.



For this report, we have classified clocks into six major categories: basic analog wall and table clocks, analog alarm and multifunction wall and table clocks, analog novelty and decorative wall and table clocks, floor clocks, digital alarm and multifunction wall and table clocks, and digital novelty table clocks. The products and prices section on page 8 has price guidelines for each of the six categories.



To produce this report, Global Sources teams toured the factories of 20 companies in the mainland and spoke with top-level executives who discussed their 2004 performance and provided forecasts for 2005.



For more information visit http://www.researchandmarkets.com/reports/c28687



Laura Wood

Senior Manager

Research and Markets

Fax: +353 1 4100 980

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