Alarm clocks were antique & aged innovation, first alarm clock was invented in 1787 by Levi Hutchins. Mechanical alarm clock circuits consist of belts, springs, and automatic bell or hammer with bell being the traditional one, where modern and smart alarm watch works on Internet of Things (IOT) technology. Alarm clocks have multiple applications such as households, educational institutions such as school and some industries for efficient management, with the emerging growth of alarm clock and change in lifestyle of people, key players have made some changes to make roots good. Nowadays, alarm clock is available in different varieties such as peakeep twin bell, smart wearable smart watches, flying alarm clock, wake up light alarm clock, and sonic alarm clock with loud sound & bed shaker. Alarm clock has secured a very large numbers of house hold segments. The wide acceptance of alarm clocks globally is expected to drive the growth of the global alarm clock market.
COVID-19 Impact Analysis-
- During COVID-19, all the industries were suffering from economic crises; spread of corona virus diseases has led to huge damages on global alarm clock.
- To control spread of corona virus, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and disordering of production cycle of global alarm clock.
- Due to lockdown all things were remained closed such as supermarket, hypermarket, and brand stores, which led to huge disruption in distribution channel. E-commerce has played a significant role in uplifting supply chain and distribution channel. As consumers started avoiding instore purchases due to spread of Wuhan virus diseases.
Top Impacting Factors
- Alarm clocks are having multiple applications such as household, educational institutions, and in many moderate & small-scale industries. Alarm clocks are very commonly used in household to manage daily life activities such as waking up or going back to sleep and as a reminder for medicines and going out for some important meetings. Schools use alarm for its operational activity and many small-scale industries use it for efficient management such as changeover of regular operational activities in specific intervals. Numerous uses of alarm clock are a key factor in the growth of the global alarm clock market.
- Key players are highly investing on innovation process to offer new and features loaded products to its consumers and to compete with rival products. In last few years, the key players have made some significant changes in alarm clocks, which are blooming global alarm market. New wearable smart alarm watch has been introduced in the market, which has attracted large number of consumer base and boosted the sales of alarm clock. These alarm clocks work on IOT technology and consumers will able to set reminders for the day and smart wearable alarm watches also show weather report. These smart wearable alarm watches are trendy and luxurious. Innovation in alarm clock by key manufactures in regular intervals is a major factor in the growth of the global alarm clock market.
Rise in trend of using smart wearables alarm watches
Trend of smart wearable alarm watches is significantly rising in past few years, as they look more attractive with LCD display and touchscreen accessible screen. New wearable smart alarm watches work on Internet of Things (IOT) technology and comes with loaded features such as setting reminders and shows weather reports. These smart wearable alarm watches are re-chargeable with normal chargers; smart wearable alarm watches are user friendly & gain prominence in daily life. These are significant factors fueling the growth of the alarm clock markets.
Rise in trend of using wake up light alarm clock
Normal alarm clocks make very wired noise and gives sudden jerk, as wake up light alarm clocks slowly increase the lights in room such as natural sunrise and make pleasant sound to make you up. Innovation in alarm clocks attract new and premium consumers, as they find it trendy and have a great appearance. Rise in trend of using wake up light alarm clock is a prominent factor in the growth of the alarm clock markets.
Key Benefits of Report-
- This study presents the analytical depiction of the alarm clock Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the alarm clock market share.
- The current market is quantitatively analyzed to highlight alarm clock market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed alarm clock market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Report
- Who are the leading market players active in the alarm clock market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Alarm Clocks Market Report Highlights
By Product Type
By Distribution Channel
Key Market Players
Sony Group Corporation, The White Company, Emerson Radio Corporation, Philips India limited, Sangean Electronics, Inc, Western Clock Co., Ltd., RHK Technology, Inc, Rhythm USA, Inc., Nanda Home Inc., SDI Technologies