Consumer Electronics Market For US, Brazil & Singapore 2017 Forecasts in New Research Reports at RnRMarketResearch.com
Dallas, Texas (PRWEB) July 25, 2013 -- We project US consumer electronics spending will grow by about 3% in US dollar terms in 2013, with growth areas including large-size HD TV sets, smartphones, Microsoft Windows 8 tablets, ultrabooks, and smart TV sets. BMI downwardly revised its forecast following negative growth in several key product categories during Q113 and questions remain about the sustainability of consumption in the absence of strong wage growth.
Sales of flat-screen TV sets were down year-on-year (y-o-y) in Q113, although there was the usual seasonal boost as vendors and retailers rolled out price promotions to appeal to consumers upgrading for a better Super Bowl viewing experience. Handset sales also fell y-o-y, with retailers attributing this to the lack of a major new product launch in the first quarter. Some surveys suggest returning consumer confidence, but vendors will largely rely on product innovation such as smart TV sets to drive growth. Falling average prices in many product categories will place revenue and margins under pressure.
Get a copy of US Consumer Electronics Market report @ http://www.rnrmarketresearch.com/united-states-consumer-electronics-report-q3-2013-market-report.html or purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=107818.
Brazil consumer electronics spending will grow by about 11% in US dollar terms in 2013 to US$40.0bn. In 2013, sales of some consumer electronics devices are expected to slow due to currency weakness and high household indebtedness. However, growth areas will include 4G smartphones, tablets, WI-Fi-enabled cameras and HD TV sets. The extension of the government’s Lei Do Bem programme, to encourage local production of various products, should boost the availability of affordable smartphones. Brazil’s hosting of the 2014 FIFA World Cup and 2016 Olympics Games will provide a boost to spending on devices ranging from handsets to TV sets and cameras. However, in 2013 we expect the Brazilian consumer to feel the effects of high levels of household debt and there are signs that banks are becoming more wary about increasing lending.
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We estimate that Singapore’s consumer electronics spending grew by about 5% in US dollar terms in 2012 to US$4.5bn. In 2013, spending on high-end consumer electronics products should be supported by the tight labor market. Strong sales of smartphones, tablets, Blu-ray players and digital cameras have underlined the relative buoyancy of the Singapore consumer, as well as the popularity of technology products as gifts. Singapore has one of the highest smartphone penetration rates in the world, estimated at around 75%. In the AV category, digital broadcasting migration will create a market for digital converters based on the DVB2 standard. There are a number of other key growth areas, such as 3G phones, Wi-FI enabled, ultra-HD and Smart 3D TV sets, Blu-ray DVD players, tablets and high-end notebooks.
Get a copy of Singapore Consumer Electronics Market report @ http://www.rnrmarketresearch.com/singapore-consumer-electronics-report-q3-2013-market-report.html or purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=107798.
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Priyank Tiwari, RnRMarketResearch.com, http://www.rnrmarketresearch.com/, +1-888-391-5441, [email protected]
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