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Follow on Google News | "Kuwait Consumer Electronics Report Q3 2011" now available at Fast Market ResearchFast Market Research recommends "Kuwait Consumer Electronics Report Q3 2011" from Business Monitor International, now available
In 2011, an array of new product releases should help to stimulate Kuwaiti demand for electronics, despite overall weak household consumption. We forecast household consumption to only grow by 2.0% in 2011, suggesting that the recovery in loans to the private sector will be weak. However demand for high-tier products such as Android smartphones and LED TV sets will provide growth areas, with customers upgrading for the latest technologies and features. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ BMI forecasts that per capita consumer electronics spend will reach US$263 by 2015, from US$214 in 2011. Key factors behind the forecast growth are a favourable long-term economic outlook, a sophisticated consumer base and high levels of disposable income. However, we do not see a return to the stellar growth rates of the last few years (real private consumption growth averaged 9.0% between 2002 and 2007.) Computers Computer hardware accounted for about 45% of Kuwaiti consumer electronics spending in 2010. BMI projects Kuwait's domestic market computer hardware sales (including notebooks and accessories) AV Devices AV devices accounted for about 35% of Kuwaiti consumer electronics spending in 2010. Kuwait's domestic AV device market is projected at US$273mn in 2011. The market is expected to grow at a CAGR of 4% from 2011-2015, to a value of US$323mn in 2015. More 'big box' electronics stores offering a wider choice and often better prices will help stimulate sales. Meanwhile, product innovation will drive demand in the AV product category, with a focus on features such as 3D, improved display quality and wider screens, as well as design and wireless capabilities. Mobile Handsets Mobile handset sales accounted for about 20% of Kuwaiti consumer electronics spending in 2010. Kuwait's market handset sales are expected to grow at a CAGR of 8% to US$228mn in 2015, as mobile subscriber penetration reaches 190%. Following the entry of new mobile network operator Viva, more competition will drive the replacement handset market and there will be growing demand for smartphones and 3G handsets. The upgrade of network infrastructure to support new data services will help to drive demand for 3G and higher-tier handsets. Report Table of Contents: Executive Summary - Computers - AV Devices - Mobile Handsets SWOT Analysis - Kuwait Consumer Electronics Market SWOT - Kuwait Political SWOT - Kuwait Economic SWOT - Kuwait Business Environment SWOT Business Environment Ratings Market Overview - Computers - Table: PC Sales - AV - Table: AV - Demand - Mobile Handsets - Table: Mobile Communications Consumer Electronics Industry - Table: Kuwait Distributors For Leading Brands Industry Forecast Scenario - Consumer Electronics Market - Table: Consumer Electronics Overview Industry Developments Macroeconomic Forecast - Table: Kuwait - Economic Activity, 2008-2015 Competitive Landscape - Computer - Handsets - AV Company Profiles - Axiom Telecom - Jumbo Electronics - Eros Group BMI Methodology - How We Generate Our Industry Forecasts - Electronics Industry - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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