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India: Demand for New Technology Consumer Electronics Set to Boom
The Indian consumer electronics industry has been growing at
double-digit rate on the back of economic growth, increasing affluent
population, changing lifestyle, and low level penetration of consumer
electronic goods. The industry will continue its growth march in future
but the future growth will come from newer technology products that
offer improved performance at affordable prices, as per our report,
"Booming Consumer Electronics Market in India".
The study reveals that the growing middle class population is largely
emphasizing on consumer electronic products that are more convenient to
use and more efficient. Indian washing machine market clearly
substantiates this fact. Currently, accounting for around 63% of volume
sales, semi-automatic 'twin-tub' category dominates the washing machine
market. But in terms of growth, the fully-automatic category is
performing extremely well in the Indian market. The volume sales of
fully-automatic washing machines are expected to surpass that of
semi-automatic washing machine in coming few years.
A similar trend will also be seen in the refrigerator market, which is
broadly classified as Conventional or Direct Cool Refrigerator, and
Frost Free Refrigerator. Traditionally, direct cool refrigerators
continue to dominate the Indian refrigerator market, occupying more than
60% of the total volume sales, but growth has been very impressive in
frost free refrigerator market. The same trend is expected to continue
in near future as well, where frost free refrigerators will account for
nearly 45% of the total volume sales in the market.
"Booming Consumer Electronics Market in India" is an exhaustive and
rational analysis on the thriving consumer electron ics industry in
India. It provides prudent research and analysis on various consumer
electronics segments, such as home appliances: Washing Machines,
Television, Set Top Box, Refrigerator, ACs, Microwave Oven; Audio/Video
Appliances: MP3 Players, DVD players, Digital Camera and camcorder;
Mobile handsets and PC Market.
This report highlights the present and future trends in the industry,
discussing industry roadblocks while evaluating future growth areas. It
describes the industry landscape and gives comprehensive information on
market size, consumption trends and overview on key players.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It
has a team of industry experts who analyze data collected from credible
sources. They provide industry insights and analysis that helps
corporations to take timely and accurate business decision in today's
globally competitive environment.
For more information visit: http://www.rncos.com/Report/IM157.htm
Current Industry News: http://www.rncos.com/Blog/
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.comŽ, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Investorideas.comŽ or any of the industry sector portals cannot assure accuracy of the research presented. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.comŽ endorsing the content as a recommendation to buy or sell stock.
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