An alarm clock is a kind of clock which is designed and developed to alert any person or group of people at a respective time. These alarm clocks are widely used for waking the people in the morning or from their short naps during afternoon. Alarm clocks are available in two main types, i.e. digital and analog. Sometimes such clocks are used for reminding purpose as well. Alarm clocks market is anticipated to grow significantly in coming years all over the world.
MARKET SCOPE
The "Global Alarm Clocks Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the alarm clocks market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading alarm clocks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global alarm clocks market is segmented into digital and analog.
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail and others.
MARKET DYNAMICS
Drivers:
- Rising urbanization and increasing per capita disposable income to boost market growth of alarm clocks.
- Rapidly advancing technology further drives the demand..
Restraints:
- Growing use of mobile phones may act as a restraining factor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The alarm clocks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the alarm clocks market in these regions.
IMPACT OF COVID-19ON ALARM CLOCKS MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Alarm clocks market has suffered from supply side due to the restriction of limited workforce. Also, due to economic hit, spending on non-essentials was reduced notably. However, after the situation returns to normalcy, this market is expected to grow significantly.
MARKET PLAYERS
The report covers key developments in the alarm clocks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from alarm clocks market are anticipated to lucrative growth opportunities in the future with the rising demand for alarm clocks in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the alarm clocks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Chaney Instrument
- Elite Electronics Group Limited
- Emerson Radio
- Koninklijke Philips N.V.
- La Crosse Technology Ltd.
- Oregon Scientific
- RHYTHM WATCH CO., LTD.
- SDI Technologies, Inc.
- Sonic Alert Inc..
- The WestClox Source