Chinese Government Stimulating its Consumer Electronics IndustryBy: Shushmul Maheshwari
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Chinese Government Stimulating its Consumer Electronics Industry
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The ongoing economic turmoil across the US and Europe has had a severe impact on China’s export-oriented economy, which has seen several layoffs and shutting down of many factories in recent months. The consumer electronics (CE) industry is also one of the victims. Industry estimates suggest that the retail sales of consumer electronics in China will grow by merely 8%-10% in 2008, half of the growth reported in 2007. The outlook for 2009 remains uncertain.
Considering the impact of global crisis on the Chinese economy, the government rolled out a program called “Delivering Appliances to the Countryside" in December to boost its domestic CE industry. The program offers a 13% subsidy to farmers who spend their savings on refrigerators, washing machines, color televisions and cell phones. China has set huge goals and expects rural families to buy 480 Million appliances over the four-year life of the appliance program, beginning December 1, 2008.
“This move will possibly urge millions of rural residents to buy electronic appliances in coming few months, stimulating consumption and keeping the factories of CE manufacturers humming”, says an analyst at RNCOS. Also, this can also be considered as a strategic move as there remains potentially high demand for CE products in rural china when compared to the urban counterparts, added the analyst stating the figures from China national bureau of statistics.
According to the bureau, for every 100 rural households in China in 2007, there were 94 color TV sets, 26 refrigerators and 46 washing machines. This compares with 138 color TV sets, 95 refrigerators and 97 washing machines for every 100 urban households.
In line with this, “Chinese Consumer Electronics Market till 2011”, a RNCOS research, offers rational assessment of the consumer electronics market in China. The report evaluates the factors vital to the development and success of the industry. It looks into the current market scenario to present a future outlook of the market.
For the purpose of this report, the consumer electronics market has been divided into various segments, like Home Appliances, Sound & Images, Mobile Phones, and Personal Computers.http://www.rncos.com/ |
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| Keywords |
Chinese Consumer Electronics Market, Chinese Electronics Market, Success of consumer electronics industry, Major growth areas of the Electronics industry, Major players in the Chinese consumer electronics industry |
| Category |
Business |
| Submission Date |
Mar 23, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
| 1. |
RNCOS: Revenue from LBS to Reach US$ 10 Billion
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According to our new research report, “World GPS Market Forecast to 2013”, the number of subscribers of location based services worldwide is forecasted to exceed 350 Million in near future. This will help market players to generate around US$ 9.8 Billion in revenues that are expected to grow at a CAGR of more than 40% during 2009-2013.
The report says that the availability of low-cost, high-powered portable navigational devices has led to a variety of solutions, which combine maps with location information, enabling the user to navigate. While earlier the use of navigational services was mainly limited to vehicle tracking, introduction of easy-to-use and cost-effective navigational devices will enhance their use over the forecast period.
Mobile manufacturers have been continuously incorporating GPS chipsets in their handset shipment. The inclusion of GPS in 3G phones began in the beginning of 2008, and is expected to boost the demand for navigational services, allowing operators to offer LBS. It is anticipated that GPS-enabled mobile devices will account for about 70% of the total GPS devices shipment by the end of our forecast period. With this, services other than vehicle navigation, such as navigation for tourists and pedestrians, child location, find-a-friend and local directories, and advertising, will become popular over the next few years.
RNCOS’ “World GPS Market Forecast to 2013” provides extensive research and thorough analysis on the GPS market worldwide. The report evaluates the current industry trends and challenges that are confronted by the GPS industry worldwide. Analysis is presented for major geographic markets such as the US, Canada, Japan, and other Asian countries like India and China.
The report gives a detailed analysis on the end-user applications, including In-Vehicle Navigation, Survey/Mapping, Machine Control and others. It also states that opportunities remain untapped for various vertical segments of GPS market, like in new advanced access devices, chipset availability, and PND market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM035.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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US - Potential Export Destination for Low-cost Steel
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The US primarily depends on steel imports to fulfill its demand as domestic production remains insufficient to fulfill domestic demand. And according to Our new research report, “US Steel Industry Outlook”, with inventories at low levels at the beginning of the year 2008 and sharp increase in price by domestic mills, the US will remain a hot export destination for low cost economies in near future.
According to the report, the impact of slowing economy is clearly visible on the US steel industry. Crude steel production in the country declined by 0.4% to 98.2 Million Metric Tons whereas crude steel consumption slipped radically by 4.6% reaching an estimated 123 Million Metric Tons in 2007. Though the consumption fall significantly, the production level is still not sufficient to match up the demand. This has further widened the demand-supply gap in the country, making it more reliant on imports to fulfill its domestic demand.
From future perspective, crude steel consumption in the US is forecasted to reach 125 Million Metric Tons in 2009. Steel consumption will be largely driven green & clean energy-related infrastructure because there is huge investment in pipeline in wind, solar and nuclear energy by the US government. In contrast to consumption, its production will only reach 101 Million Metric Tons in the same year. To fill the gap, the country will have to import more steel from other countries.
“US Steel Industry Outlook” contains unique market-based research and provides thorough and prudent analysis on the US steel Industry. It provides extensive statistical and analytical outline on the US Steel industry and gives past, present and future data on its structure, composition and working. The research study intensively discusses the new avenues and challenges that are anticipated to stem both within and from the US steel industry in future.
The research also provides forecast on major industry parameters and help clients in identifying critical opportunities to leverage from.
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Hong Kong Insurance Market to 2013
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Hong Kong is one of the most dynamic insurance markets in the world. Its geographic location, credible legal system and effective regulatory framework have helped it to become a leading insurance centre in Asia that has attracted many of the world’s top insurers, says a new research report “Hong Kong Insurance Market to 2013” from a world class research provider RNCOS.
Demand for insurance products has been rising rapidly in recent years, and is expected to continue growing substantially during our forecast period (2009-2013). There will not be any significant impact of the economic turmoil on the market as consumers have not stopped buying insurance products but simply changed their choices for insurance products. They are now opting for less risky products which have least exposure to the open markets. Thus, the decline in demand for investment-linked products is being offset by increase in traditional (non-linked) insurance products up to some extent.
Gross premium income has witnessed double-digit annual growth rates since 1990s, rising by 26.5% in 2007 on YOY basis. The market is strongly biased towards long-term insurance, which accounts for over 86% of the market, while general insurance premium make up 14%, as on 2008 end.
The report provides extensive research and rational analysis of the insurance industry in Hong Kong. The report thoroughly examines the current industry trends which are adding to the growth of the insurance industry. The report also gives future outlook considering the possible impact of recession on various segments of the industry.
The report also features forecast (2009-2013) on premium of following insurance branches/sub-branches:
- Long-term Insurance
- Life & Annuity
- Retirement Scheme
- General Insurance
- Accident & Health
- General Liability
- Property
- Motor
The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on correlations between past market growth and growth of base drivers.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM027.htm
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