Consumer electronics continued to record retail volume and current value growth in 2019, although to a lesser extent than in the previous year. This upward trend is expected to continue over the forecast period, as technology advances further and new products adapting to changing lifestyles emerge. Growth in 2019 was led primarily by portable...
In 2018, VAT of 5% was introduced across the United Arab Emirates. The consumer electronics market in United Arab Emirates therefore witnessed slower volume growth across most of the categories in 2018 as a significant number of consumers in the United Arab Emirates postponed their purchases, as uncertainty remained high. Consumer...
In 2019, Germany’s consumer electronics industry recorded a volume decline. Current value growth slowed in 2019, despite average unit price growth increasing slightly. Volume sales are expected to decline and current value sales to stagnate year-on-year in the forecast period unless there is any significant new disruptive innovation in the...
China’s demand for Mobile Devices has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption...
In 2019, consumer electronics is seeing the slowest current value growth of the review period. With incomes having risen during the review period, consumers were better able to afford these items, especially with a wide range of promotional offers and financial assistance packages being on offer. As such, the demand for consumer electronics...
The consumer electronics market in Saudi Arabia saw negative growth in 2019, dragged down by weakened consumer spending power, lengthening replacement cycles in categories such as LCD TVs, and the impact of smartphones, cannibalising sales of some products, such as in-car navigation devices. Products such as LCD TVs were also impacted by the...
Consumer electronics continued to decline in retail volume terms in 2019. However, within this, individual categories saw very different performances. Declining volumes were mostly seen in more mature categories lacking innovation, such as in-car entertainment and home audio and cinema. Meanwhile, premium, innovative and successful products,...
Consumer electronics in the Netherlands continued to see total volume sales decline in 2019 as consumer confidence weakened amidst signs of an economic slowdown. Saturation remained a major barrier to demand, with volume sales in many categories chiefly driven by replacement purchases. At the same time, demand for numerous product types was...
Consumer electronics recorded an improved performance in both retail volume terms and current value terms in 2019 compared to the previous year, supported by a number of categories that are increasingly offering consumers convenience, innovation and multifunctionality. Consumer Electronics in Australia report offers a comprehensive...
Consumer electronics continued to decline in 2019 driven in part by the prevailing economic uncertainty. Another factor is the decluttering of households with many consumers looking to reduce the amount of consumer electronics in their home. While this has negatively impacted some categories it has also benefited others such as wireless speakers,...