Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that China's consumer electronics market is expected to grow at a CAGR of 12% from 2007 to2011.
The report,"Chinese Consumer Electronics Market till 2011" finds that among the E7 developing countries, China is ranked as the most attractive consumer electronics market from an investment perspective. In fact, China's consumer electronics market increased at a CAGR of 11.71% from 2002 to 2006.
Analysts evaluate the factors vital to the development and success of the consumer electronics industry in the country. It looks into the past and current market scenario to forecast the future market outlook.
Authors of the report find that companies are shifting their research and production towards more advanced products, such as Liquid Crystal Display (LCD) TVs, digital TVs, DVD recorders and digital cameras with eight-megapixel or higher resolution to be come more competitive. They say that key market drivers are the continuously falling prices of consumer electronics together with increasing disposable income which result in consumers spending more on electronics products.
Key finding of the report
• In terms of sales volume, TV will post the highest sales followed by washing machines in the home appliances segment during the forecast period. (2007-2011).
• In the sound and images segment, Portable Media Player (PMP) and Digital Video Camera sales will increase with the highest CAGR values of 39.43% and 15.21% respectively during 2007-2011.
• Mobile Phones and Personal Computers are among the consumer electronics with low penetration rates, indicating ample room for growth in sales in the medium-term.
• Retailer credit will play a critical role in extending consumer electronics to the lower socio-economic segment, thereby increasing sales from this segment. Although price will continue to be a key driver, financing options such as installment plans will drive penetration into these segments.
"Chinese Consumer Electronics Market till 2011" is available from Report Buyer. For more information, see website.
Report Buyer product ID: RCS00344
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