Christmas Goods Market to Exceed $158 Billion in the US by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a US and UK report on Christmas Goods. Christmas Goods are projected to exceed $158 billion in the US and $80 billion in the UK by the year 2015. The previous couple of years have seen Christmas sales hit by reduced consumer spending on Christmas goods, due to the global economic downturn. With improving economic conditions, sales are expected to pick up and witness growth in 2010 and beyond as job market improves and pay hikes are announced.

Christmas Goods: A US and UK Market Report

Christmas season typically lasts for about six weeks starting from mid-November up until the last week of December. The festival is celebrated in almost all countries around the world, with more fanfare in some than the others. The festival is almost incomplete without Christmas season shopping for Christmas trees, Christmas ornaments and decorations, Christmas gifts, Christmas foods and drinks, as well as flowers, garlands, postage and cards.

In the wake of the global economic crisis, the makers of Christmas goods continued to face challenges such as cancellation of orders and bargaining for lower prices by buyers, rising cost of raw materials, and rising labor costs. The most selling Christmas goods have been mid- and low-end products, while demand almost died-down for high-end products. With consumer spend on Christmas goods declining due to economic factors, manufacturers shifted focus to creative and inexpensive Christmas presents and Christmas decorations.

Consumers also showed greater preference towards using real Christmas trees, as many celebrated Christmas at home and therefore spend greater time decorating the home. Meanwhile, environmentalists are increasingly condemning the mindless use of lights during the Christmas season. They not only consider Christmas lights as energy wasters, but also needless cause for greenhouse gas emissions that harm the planet. Additionally, Christmas lights also represents a direct and obvious risk of electric shocks and fire.

Christmas Gifts dominate the US Christmas Sales, as stated by the new market research report on Christmas Goods market. Christmas sales declined consecutively in 2008 and 2009, due to decline in consumer spending, as an effect of the global economic downturn. Despite retailers offering discounts extending up to 70% to boost sales, most consumers shopped for fewer Christmas decorations and ornaments, and Christmas gifts.

The report titled “Christmas Goods: A US and UK Market Report” announced by Global Industry Analysts, Inc., provides a review of market, trends, challenges, product introductions, and coverage on major market participants. The study analyzes market data and analytics in terms of value sales for countries including The United States and the United Kingdom. The US market is analyzed by the following Categories - Christmas Gifts, Christmas Foods & Drinks, Christmas Decorations, and Others.

For more details about this market research report, please visit – http://www.strategyr.com/Christmas_Goods_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/

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