Market Overview:
The global contemporary clocks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contemporary clocks in commercial and household applications. In terms of type, the desk clock segment is expected to lead the global contemporary clocks market during the forecast period, followed by wall clocks. In terms of region, North America is expected to lead the global contemporary clocks market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A contemporary clock is a clock that is designed to look modern. It may have a simple design, or it may be more complex. Contemporary clocks are often used in homes and offices to add a touch of style.
Desk Clock:
The global desk clock market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for time management tools across various industries such as banking, hospitality, retail, healthcare and education is anticipated to drive the growth of this industry over the forecast period.
The rising need for punctual meeting.
Wall Clock:
A wall clock is a timepiece that is fixed on a horizontal surface and used to indicate the hours and minutes. The modern-day wall clocks are made up of different materials like wood, plastic, glass, metal or even paper. A typical example of a wooden wall clock would be the one with black finishings along with an iron frame; these kinds of clocks were commonly found in households during the 18th century as they could easily fit into any décor.
Application Insights:
The commercial application segment dominated the global market with a share of over 70.0% in 2017. The segment is expected to witness significant growth over the forecast period owing to an increase in the number of hotels, restaurants and shopping malls across countries such as China, India, U.S., Germany and France. Furthermore, growing tourism industry has resulted in increased demand for wall clocks displaying local time at tourist destinations which is likely to propel product demand over the next eight years.
Household application accounted for a significant share of 29.1%in 2017 owing to rising adoption of smart home technology across developed economies including Australia, Belgium, Canada, Denmark Germany Italy Japan Netherlands Spain Sweden U.K.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, registering a CAGR of XX% from 2018 to 2030. The region has been witnessing strong growth in the retail sales and consumer spending, which in turn is anticipated to fuel product demand over the forecast period. Furthermore, rising disposable income levels coupled with an increasing number of retail outlets are expected to further boost product sales over the next eight years.
North America was estimated as being worth USD X billion in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing its dependency on clock-based timing systems for various activities including school drop off points and sports events etc., throughout day long schedules that require punctual arrival times etc.
Growth Factors:
- Increasing demand for contemporary clocks in the residential sector as a decorative item
- Rising disposable income of the consumers, which is resulting in an increase in demand for premium clocks
- Growing popularity of minimalist design in interior decoration, which is benefiting the sales of contemporary clocks
- Proliferation of online retail channels, providing a convenient shopping experience to consumers and boosting sales of contemporary clocks
- Introduction of innovative designs and features by clock manufacturers, attracting new buyers and fueling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Contemporary Clocks Market Research Report
By Type
Desk Clock, Wall Clock
By Application
Commercial, Household
By Companies
Porro, CASAMANIA HORM, Officinanove, COVO, Rosenthal GmbH, Xline, Ligne Roset, Kartell, VITRA, ALESSI SPA, Giorgetti, Calligaris, Present Time, Baccarat, MOBATIME
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Contemporary Clocks Market Report Segments:
The global Contemporary Clocks market is segmented on the basis of:
Types
Desk Clock, Wall Clock
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Household
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Porro
- CASAMANIA HORM
- Officinanove
- COVO
- Rosenthal GmbH
- Xline
- Ligne Roset
- Kartell
- VITRA
- ALESSI SPA
- Giorgetti
- Calligaris
- Present Time
- Baccarat
- MOBATIME
Highlights of The Contemporary Clocks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Desk Clock
- Wall Clock
- By Application:
- Commercial
- Household
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Contemporary Clocks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Contemporary clocks are designed to be sleek and modern. They often have a variety of colors and designs, making them unique and eye-catching.
Some of the major players in the contemporary clocks market are Porro, CASAMANIA HORM, Officinanove, COVO, Rosenthal GmbH, Xline, Ligne Roset, Kartell, VITRA, ALESSI SPA, Giorgetti, Calligaris, Present Time, Baccarat, MOBATIME.
The contemporary clocks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contemporary Clocks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Contemporary Clocks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contemporary Clocks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Contemporary Clocks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Contemporary Clocks Market Size & Forecast, 2018-2028
4.5.1 Contemporary Clocks Market Size and Y-o-Y Growth
4.5.2 Contemporary Clocks Market Absolute $ Opportunity
Chapter 5 Global Contemporary Clocks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Contemporary Clocks Market Size Forecast by Type
5.2.1 Desk Clock
5.2.2 Wall Clock
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Contemporary Clocks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Contemporary Clocks Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contemporary Clocks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Contemporary Clocks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Contemporary Clocks Analysis and Forecast
9.1 Introduction
9.2 North America Contemporary Clocks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Contemporary Clocks Market Size Forecast by Type
9.6.1 Desk Clock
9.6.2 Wall Clock
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Contemporary Clocks Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Contemporary Clocks Analysis and Forecast
10.1 Introduction
10.2 Europe Contemporary Clocks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Contemporary Clocks Market Size Forecast by Type
10.6.1 Desk Clock
10.6.2 Wall Clock
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Contemporary Clocks Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Contemporary Clocks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Contemporary Clocks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Contemporary Clocks Market Size Forecast by Type
11.6.1 Desk Clock
11.6.2 Wall Clock
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Contemporary Clocks Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Contemporary Clocks Analysis and Forecast
12.1 Introduction
12.2 Latin America Contemporary Clocks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Contemporary Clocks Market Size Forecast by Type
12.6.1 Desk Clock
12.6.2 Wall Clock
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Contemporary Clocks Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Contemporary Clocks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Contemporary Clocks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Contemporary Clocks Market Size Forecast by Type
13.6.1 Desk Clock
13.6.2 Wall Clock
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Contemporary Clocks Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Contemporary Clocks Market: Competitive Dashboard
14.2 Global Contemporary Clocks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Porro
14.3.2 CASAMANIA HORM
14.3.3 Officinanove
14.3.4 COVO
14.3.5 Rosenthal GmbH
14.3.6 Xline
14.3.7 Ligne Roset
14.3.8 Kartell
14.3.9 VITRA
14.3.10 ALESSI SPA
14.3.11 Giorgetti
14.3.12 Calligaris
14.3.13 Present Time
14.3.14 Baccarat
14.3.15 MOBATIME
