Global Tower Clock Service Market Overview:
Clock towers are a particular kind of building with one or more clock faces on the top exterior walls and a turret clock inside. Clock towers can be attached to or placed on top of other buildings in addition to typical standalone constructions. There are additional buildings with clock faces on their exteriors, but they have different purposes. In many regions of the world, clock towers are a familiar sight, and some of them are famous structures. The factors that are driving the market are the rise in restoring the work of the old tower clocks, and the growing rejuvenation of public spaces to make them safer, greener, and more accessible.
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Rise in Restoring Work of Old Tower Clock and Growing Rejuvenation of Public Spaces to Make Them Safer, Greener and More Accessible
Market Growth Drivers:
Need of Tower Clock When Not Everyone Had a Wristwatch and Rising Popularity of Tower Clocks in Business Infrastructures
High Maintenance Cost and Poor Servicing due to Tighter Budgets
Requirement of Huge Initial Investment and Smaller Wristwatches Became Fashionable and More Affordable
Growing attraction towards tower clock from travellers and tourism and Upgradation of Existing Infrastructure and Building New Public Assets
Global Tower Clock Service is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Lumichron (United States), Americlock (United States), Victoria Clocks (Canada), Mamias (France), Elderhorst (Netherlands), Serviclock (Argentina), Tower Clock Services Australia (Australia), The Tower Clock (Brazil), Ganesh Watch (India), Clock Care (United Kingdom), The Cumbria Clock Company (United Kingdom), Maas-Rowe Carillons (United States), Time Assured (United Kingdom) and Peter Rioux Clock Service (United States).
In June 2022, in celebration of National Indigenous Peoples Day, the Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada, announced an investment of USD 379,353 through the Canada Community Revitalization Fund (CCRF) for the City of Port Alberni. This funding allowed the City of Port Alberni, in partnership with the Tseshaht First Nation and Island Coastal Economic Trust, to transform the aging Harbour Quay Clock Tower into the Wolf Tower. Project activities included refurbishing the tower to improve safety, replacing the clocks with Indigenous art, painting the tower in traditional Tseshaht First Nation colors, and installing Indigenous storyboards.
What Can be Explored with the Tower Clock Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Tower Clock Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Tower Clock Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tower Clock Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tower Clock Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Tower Clock Service Providers, Regulatory Bodies, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.