Donlt worry for the swiss watch industry, everything is fine : the swiss watch industry grew by 6% in 2019 to reach 21.2 billions $ : https://www.fhs.swiss/pdf/communique_180112_a.pdf
The information about volume evolution is completely irrelevant, it's been 20 years, well before smart watches, that the volume of swiss watch produced is declining, leaving cheap watches to asian manufacturers, today for instance a quartz movement produced in China cost 60 cents with the battery...
Instead, swiss brands have focussed on value, if today you want to buy a Richard Mile, or an Audemars Piguet, please pay upfront full value of the watch and wait 12 months if you are lucky. That's a much better business model
The information about volume evolution is completely irrelevant, it's been 20 years, well before smart watches, that the volume of swiss watch produced is declining, leaving cheap watches to asian manufacturers, today for instance a quartz movement produced in China cost 60 cents with the battery...
Instead, swiss brands have focussed on value, if today you want to buy a Richard Mile, or an Audemars Piguet, please pay upfront full value of the watch and wait 12 months if you are lucky. That's a much better business model