Besides, the rising popularity of antique wall clocks as part of home décor is fueling demand for such items. Furthermore, altering consumer preferences toward purchasing wall clocks for room décor rather than to meet a fundamental clock requirement is propelling the wall clock market forward. According to the National Association of REALTORS, commercial real estate volume sales in the United States increased by 4% in the fourth quarter of 2019 compared to the same period in 2018. The need for wall hanging clocks is being driven by rising residential and commercial infrastructure facilities across the world. Rising Focus on Home Décor to Enable Speedy Expansion The report on the wall clock market includes: Besides, the availability of covid-19 vaccines is expected to further alleviate the market from the intense revenue loss.įortune Business Insights™ lists out all the wall clock market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market: However, new initiatives by major brands to stabilize the effect of the pandemic can elevate the global market in the forthcoming years.
The outbreak severely affected the wall clock market because of the halt on production and supply chain activities. The expanding commercial and residential infrastructures in developed and developing nations can spur lucrative opportunities for the wall clock market in the forthcoming years, states Fortune Business Insights, in a report, titled “ Wall Clock Market, 2022-2029.” The growing home decoration trends are expected to incite the development of the market.
The global wall clock market size is predicted to experience considerable growth backed by high demand from the food industry.
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