Market Overview:
The global wall clock market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wall clocks from different applications such as stores, restaurants, families, and others. Additionally, the growing awareness about timekeeping has led to an increase in demand for wall clocks across different regions. On the basis of type, the global wall clock market is segmented into pointer type, mechanical type, and digital type. The pointer type segment is expected to hold a major share of the globalwall clock market duringthe forecast period owingto its traditional design and low cost as compared to other types ofwall clocks.
Product Definition:
A wall clock is a clock that is designed to be hung on a wall. Wall clocks are often used in homes, businesses, and other places where people gather to keep track of time.
Pointer Type:
Pointer is a device used to indicate the time in various devices such as computers, smartphones and other consumer electronic products. The global market for Pointer Type is expected to witness significant growth over the forecast period owing to its increasing usage in wall clocks.
Wall clock or horological clock is an instrument used for timing purposes, typically found in residential buildings and public places.
Mechanical Type:
Mechanical type is the most conventional method of indicating the hour. It indicates the time by using a hands on an iron clock face. The main components used in mechanical type are hour hand, minute hand and second hand. These components move continuously to indicate minutes and seconds respectively.
The major factor that propels market growth is its low price as compared to digital type which makes it affordable for all types of customers ranging from premium hotels to small budget hotels etc.
Application Insights:
The store application segment accounted for the largest share of over 50.0% in 2017. Store owners prefer to display the current time on their stores as it helps them to establish a professional image among customers and increase sales. Furthermore, displaying the clock on store walls also conveys information pertaining to opening hours of stores and business locations which is highly valued by users.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased spending on household appliances. Furthermore, increasing disposable income levels and changing lifestyles are anticipated to drive the regional market growth over the forecast period.
North America is projected to be one of the fastest-growing regions from 2018 to 2030 owing to an increase in consumer preference for digital wall clocks due their features such as backlight or snooze feature along with a decrease in purchase frequency due lower maintenance cost as compared digital wall clock.-dgree of customer ownership across all major applications was at least 75% by 2025 The Middle East & Africa (MEA) region also presents significant opportunities for industry players looking for long-term investments with high rates of return on investment. The MEA region consists of countries such as Saudi Arabia, UAE, Egypt, Iran etc.
Growth Factors:
- Increasing demand for wall clocks in the corporate sector as a way to promote brand awareness and enhance interior decor.
- Rising popularity of digital wall clocks with advanced features such as Bluetooth connectivity, voice control, and weather updates.
- Growing demand for personalized wall clocks with unique designs and customized text or images.
- Increasing use of decorative wall clocks in homes, hotels, restaurants, and other commercial spaces.
- Proliferation of online retail platforms that offer a wide range of affordable wall clocks in different styles and colors
Scope Of The Report
Report Attributes
Report Details
Report Title
Wall Clock Market Research Report
By Type
Pointer Type, Mechanical Type, Digital Type
By Application
Store, Restaurant, Family, Others
By Companies
AcuRite, SDI Technologies, Sangean, Westclox clocks, Sonic Alert, La Crosse Technology, SONY, Emerson Radio Corporation, Oregon Scientific, Philips Electronics, Electrohome, Gingko Electronics, Lumie, Brookpace Lascelles, Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio, Chopard, Audemars Piguet, Movado Group, Kering, Breitling
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Wall Clock Market Report Segments:
The global Wall Clock market is segmented on the basis of:
Types
Pointer Type, Mechanical Type, Digital Type
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
Store, Restaurant, Family, Others
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:
- AcuRite
- SDI Technologies
- Sangean
- Westclox clocks
- Sonic Alert
- La Crosse Technology
- SONY
- Emerson Radio Corporation
- Oregon Scientific
- Philips Electronics
- Electrohome
- Gingko Electronics
- Lumie
- Brookpace Lascelles
- Swatch Group
- Rolex
- Richemont
- LVMH
- Fossil
- Citizen
- Seiko
- Patek Philippe
- Casio
- Chopard
- Audemars Piguet
- Movado Group
- Kering
- Breitling
Highlights of The Wall Clock 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:
- Pointer Type
- Mechanical Type
- Digital Type
- By Application:
- Store
- Restaurant
- Family
- Others
- 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 Wall Clock 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
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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?
A wall clock is a clock that hangs on the wall.
Some of the major players in the wall clock market are AcuRite, SDI Technologies, Sangean, Westclox clocks, Sonic Alert, La Crosse Technology, SONY, Emerson Radio Corporation, Oregon Scientific, Philips Electronics, Electrohome, Gingko Electronics, Lumie, Brookpace Lascelles, Swatch Group, Rolex, Richemont, LVMH, Fossil, Citizen, Seiko, Patek Philippe, Casio, Chopard, Audemars Piguet, Movado Group, Kering, Breitling.
The wall clock market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wall Clock Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wall Clock Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wall Clock Market - Supply Chain
4.5. Global Wall Clock Market Forecast
4.5.1. Wall Clock Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wall Clock Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wall Clock Market Absolute $ Opportunity
5. Global Wall Clock Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wall Clock Market Size and Volume Forecast by Type
5.3.1. Pointer Type
5.3.2. Mechanical Type
5.3.3. Digital Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wall Clock Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wall Clock Market Size and Volume Forecast by Application
6.3.1. Store
6.3.2. Restaurant
6.3.3. Family
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wall Clock Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wall Clock Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wall Clock Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wall Clock Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wall Clock Demand Share Forecast, 2019-2026
9. North America Wall Clock Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wall Clock Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wall Clock Market Size and Volume Forecast by Application
9.4.1. Store
9.4.2. Restaurant
9.4.3. Family
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wall Clock Market Size and Volume Forecast by Type
9.7.1. Pointer Type
9.7.2. Mechanical Type
9.7.3. Digital Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wall Clock Demand Share Forecast, 2019-2026
10. Latin America Wall Clock Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wall Clock Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wall Clock Market Size and Volume Forecast by Application
10.4.1. Store
10.4.2. Restaurant
10.4.3. Family
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wall Clock Market Size and Volume Forecast by Type
10.7.1. Pointer Type
10.7.2. Mechanical Type
10.7.3. Digital Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wall Clock Demand Share Forecast, 2019-2026
11. Europe Wall Clock Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wall Clock Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wall Clock Market Size and Volume Forecast by Application
11.4.1. Store
11.4.2. Restaurant
11.4.3. Family
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wall Clock Market Size and Volume Forecast by Type
11.7.1. Pointer Type
11.7.2. Mechanical Type
11.7.3. Digital Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.1.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wall Clock Demand Share, 2019-2026
12. Asia Pacific Wall Clock Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wall Clock Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wall Clock Market Size and Volume Forecast by Application
12.4.1. Store
12.4.2. Restaurant
12.4.3. Family
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wall Clock Market Size and Volume Forecast by Type
12.7.1. Pointer Type
12.7.2. Mechanical Type
12.7.3. Digital Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wall Clock Demand Share, 2019-2026
13. Middle East & Africa Wall Clock Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wall Clock Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wall Clock Market Size and Volume Forecast by Application
13.4.1. Store
13.4.2. Restaurant
13.4.3. Family
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wall Clock Market Size and Volume Forecast by Type
13.7.1. Pointer Type
13.7.2. Mechanical Type
13.7.3. Digital Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wall Clock Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wall Clock Market: Market Share Analysis
14.2. Wall Clock Distributors and Customers
14.3. Wall Clock Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AcuRite
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SDI Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sangean
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Westclox clocks
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sonic Alert
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. La Crosse Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SONY
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Emerson Radio Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Oregon Scientific
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Philips Electronics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Electrohome
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gingko Electronics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lumie
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Brookpace Lascelles
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Swatch Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Rolex
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Richemont
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. LVMH
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Fossil
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Citizen
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
