The North America Smart Clock Market would witness market growth of 16.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 3,763.1 thousand units, showcasing a growth of 16.4% (2019-2022).
The ability to initiate calls, provide traffic updates and weather forecasts, wirelessly charge mobile phones, and much more are just some of the functions that these can perform. In addition, they are compatible with items that are used for home automation, such as devices that control lights, fans, air conditioners, televisions, and other electrical appliances. More and more firms are releasing technologically superior items in response to the growing market share of wireless consumer electronics. The market for luxury household items, such as smart clocks, is anticipated to increase as Internet of Things (IoT) awareness rises and as living standards improve.
Smart clocks, akin to their traditional counterparts, serve as efficient timekeepers. However, what sets them apart is the ability to customize the display, allowing users to personalize their timekeeping experience. From choosing different clock faces to displaying personalized notifications, these offer flexibility that was once unimaginable in traditional timepieces. One of the pivotal applications that has fuelled the growth of the market is its integration with health and fitness features. These clocks have sensors and algorithms to monitor various health metrics, including heart rate, sleep patterns, and physical activity.
North America has a high rate of technological adoption, with consumers often quick to embrace new and innovative products. According to the Canadian government, in 2020, e-commerce was the highest non-store distribution channel in Mexico, totalling US$16.2 billion (70.5%) in non-store retailer sales. In 2020, the percentage of Mexican households with access to the internet was 58.4%. The expansion of e-commerce provides consumers in Mexico with increased access to a wide variety of products, including these. The convenience of browsing and purchasing online enhances the overall accessibility of these devices. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Smart Clock Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $708.4 million by 2030. The Canada market is experiencing a CAGR of 19.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 18.2% during (2023 - 2030).
Free Valuable Insights: The Smart Clock Market is Predict to reach $2.8 Billion by 2030, at a CAGR of 17.2%
Based on Distribution Channel, the market is segmented into Online, Specialty Stores, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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