Hi to all mechanical watches enthusiasts, i am trying to understand the current state of the watches industry and rising trends related to mechanical watches production. as we can see, the world is going trough an economic recession and it seems that the powers / monopoloy of the economy is changing. plus the world is becoming more aware about the impact of human industrialization on the geosphere, biosphere and atmosphere so changes in the production methods and materials are being thought about and being implemented. also we can see that people of the middle class and lower classes are getting upset for not being able to afford luxury stuff while certain people who belong to a higher class can afford very expensive products, thus economic reforms are being thought about.
All of the above can affect the Watchmaking industry, like what materials will be used for watch manufacturing so we reduce harming our earth while also reducing people exploitation in the retrieving of such materials while making Luxury watches more accessible to a higher range of people.
So we have 4 factors that i can think of right now :
- Economic recession
- Shifting of monoplies
- More sensible environment and biosphere
- People upset about inequality
what do you think about the things said above, and what are your visions about the watchmaking industry now and in the future.
sorry for my english (not a native speaker)