The consumer electronics market in Brazil was adversely impacted by COVID-19, as consumers prioritised spending elsewhere, or delayed replacement purchases. This pandemic compounded the economic difficulties the country already faced following the economic crisis of 2015-2019, from which it was struggling to recover. As a result, the majority...
Short circuit: Despite economic recovery, competition is expected to stunt revenue growth Abstract Consumer Electronics Stores in the US Consumer electronics and appliances are staples in US households and include a wide range of items, from DVD players to refrigerators. The Consumer Electronics Stores...
In 2020, home video is expected to see just marginally higher retail volume growth than in the previous year. The COVID-19 lockdown had a negative impact on the economy, leading to job losses and pay cuts, which is making some consumers reluctant to purchase expensive new products such as televisions and video players. Home Video...
Home video, specifically televisions, is expected to record further growth in 2020, exceeding the review period CAGR. Despite the economic downturn resulting from COVID-19 and declining disposable incomes, Hungarians have upgraded and bought additional televisions, with more time being spent at home. Home Video in Hungary report offers...
Although consumers are staying at home more and consuming more content, the economic uncertainty around the COVID-19 pandemic is leaving many reluctant to buy big-ticket items such as new televisions or home audio and cinema as they would rather save their money for when their personal circumstances improve. After the football World Cup of...
The outbreak of COVID-19 and the consequent economic downturn is set to stifle volume growth for home video, which is predicted to record a 2% volume increase in 2020, compared to 3% in 2019. OLED’s will record half the volume growth of the previous year, with the more expensive price-tag halting sales in a time of increased price-sensitivity. In...
Home video, having posted strong growth in 2019 thanks to LCD TVs, is poised for decline in 2020 amidst tough trading conditions arising from the government’s response to the COVID-19 outbreak. On 26 March, a hard lockdown was imposed on the country, with this including a ban on the sale of non-essential products, either in stores or online,...
The weakening Taiwanese economy in recent years led to consumers’ making serious considerations before purchasing higher-priced electronics such as televisions. While the category continued to demonstrate negative growth in 2020, performances within the home video category were improved across the board compared with 2019. This was due to...
The outbreak of COVID-19 in Argentina is expected to lead to a volume decline in 2020, worse than that experienced in 2019, due to increased price-sensitivity and closure of stores across the country. Despite home seclusion creating a need for home-entertainment, the high price-points of TVs meant that most consumers put these purchases on...
The Coronavirus (COVID-19) crisis has positively impacted category sales in Romania. In order to cope with lockdown and stay-at-home measures, consumers have tended to spend more time in front of the TV, thereby boosting the demand for televisions. Many consumers have postponed or eschewed purchases as economic concerns rise in the wake of...