India – Consumer Electronics Manufacturers, Retailers Need New Strategies to Propel SalesBy: Shushmul Maheshwari
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India – Consumer Electronics Manufacturers, Retailers Need New Strategies to Propel Sales
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According to “Booming Consumer Electronics Market in India”, our new research report, sales of consumer electronics, such as refrigerators, televisions, washing machines and air-conditioners, increase during the festive season in India. However, the market is anticipated to see downward trend during this festive season beginning end-September and early October that lasts till January-end to early February due to the ongoing financial crunch and sharp fluctuations in the Indian stock market.
Most of the consumer financing firms such as GE Money has pulled themselves out of the market, making it tougher for Indian consumers to avail loans for their festive shopping. In such a scenario where more than 20% of air-conditioners, refrigerators and other durable products are sold through finance schemes, sales of these goods are likely to be hit hard.
‘It is not like Indian consumers don’t have money to spend; rather, there is low consumer confidence. One possible solution to entice Indian consumer is to provide them with more freebies and bundled services”, says Shushmul Maheshwari, CEO, RNCOS. Consumer electronics manufacturers should package their products in a way that the customers derive maximum value in optimum amount.
Apart from manufacturers, retailers should also offer bundled services to attract consumers. One of the recent trends is to package co-branded products and offer them at a price which is much lower than buying a single brand. Maheshwari adds, “I think adopting such a strategy will definitely bring positive results to the sector”.
“Booming Consumer Electronics Market in India” is a comprehensive and rational analysis on the booming consumer electronics industry in India. The report discusses the latest industry trends and provides extensive analysis on various consumer electronics segments such as home appliances: Washing Machines, Television, Refrigerator, ACs, Set Top Box, Microwave Oven; Mobile handsets, Audio/Video Appliances: DVD players, MP3 Players, Digital Camera and camcorder: and PC Market. It thoroughly analyses each of the segments based on their current performance and future outlook in the industry.
The report also highlights key strategies to successfully penetrate the highly lucrative Indian market. It also outlines the areas which need more attention in terms of development or investment for the flawless growth in the industry.
For more information visit: http://www.rncos.com/Report/IM157.htm
Current Industry News: http://www.rncos.com/Blog/http://www.rncos.com/ |
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| Keywords |
Booming Consumer Electronics Market in India, Booming Consumer Electronics Market, Consumer Electronics Market in India |
| Category |
Business |
| Submission Date |
Jan 23, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Business |
| 1. |
Indian Credit Card Spending to Grow at 19%
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According to our new research report, “Indian Payment Card Market Forecast to 2012”, payments through credit cards at point of sales (POS) terminals is projected to surge at a CAGR of about 19% in the next few years. The projected growth rate is significantly low compared to the previous growth of more than 30%, which has largely been hit by the current financial crisis affecting the Indian economy.
In past few years, credit card market has shown remarkable developments. Banks had issued more than 27 Million credit cards at the end of FY 2008, but the number has dropped in current fiscal as the current liquidity crunch has made banks more cautious on their move regarding credit card issuance. “Banks are reviewing their credit card limits in wake of the economic slowdown and credit crunch to reduce the possible risk of defaults to its existing and potential new customers. It doesn’t mean that banks will stop issuing new cards”, says a Senior Research Analyst at RNCOS.
Our report has done thorough analysis of the possible consequences of downturn on the Indian credit card market. “One should understand the fact that the credit card spending is not going to halt, but the growth will slowdown and consumers will be more cautious on their spending” says the Analyst. Consumers are still using credit cards for payment transactions. Credit card payment transactions stood at over Rs 228 Billion at the end of FY 2008. In first eight months of the FY 2009, the spending grew by more than 23% compared to the same period last fiscal, and we see double digit growth in this spending during forecasted period.
“Indian Payment Card Market Forecast to 2012” provides extensive research and rationale analysis on the payment card market in India. Having adjusted to the current market situation, the report reveals that the number of credit card issuance is projected to grow at a CAGR of nearly 15% in the forecasted period. Various factors responsible for this future growth and possible deterioration have been thoroughly covered in the research.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM006.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
Indian Gems & Jewellery Industry Needs Urgent Government Intervention
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Contributing 13.41% in the country’s total merchandise exports in 2007-08, the Indian gems and jewellery market recorded positive growth, says new research report by RNCOS, “Indian Gems and Jewellery Market – Future Prospects to 2011”. India has emerged as one of the leading players in the global gems and jewellery industry on the back of its big pool of skilled manpower.
Although the local manufacturing activities are severely hit due to difficulties in availability of raw material, recessionary fear in the US, which makes up for nearly 50% of the global jewellery sales, and weak international demand further compounded the situation, said a RNCOS analyst. Thus, the financial fiasco in the US has hampered the Indian jewellery industry too.
RNCOS analyst has suggested that the ongoing crisis in the industry could be addressed provided the government takes necessary steps like permitting status holders to directly import and sell gold to exporters, rise in rupee subvention from 2% to 4%, releasing dollars from the government’s reserves and making adequate dollar credit lines available by RBI.
The analyst is optimistic that if the government takes the suggested steps, the Indian gems and jewellery industry will recover from this unprecedented crisis in the next six months.
“Indian Gems and Jewellery Market – Future Prospects to 2011” provides comprehensive information on gems and jewellery market in India, with focus on past and future market scenario. The report studies the past and present market trends to highlight the potential growth area in future. It also gives an overview of the organized and unorganized market for gems and jewellery in the country. The report also takes into account the weaknesses and strengths of existing players in the market to facilitate new players to devise their strategies accordingly to gain competitive advantage.
The research also includes forecast on various segments of the industry like gems & jewellery sales, share in world gold jewellery sales, organized gems & jewellery market and share of family jewellers in gems & jewellery industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM148.htm
Check DISCOUNTED REPORTS on http://www.rncos.com
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Supermarkets to account for 20% of Poland Grocery Retail
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According to a new research report “Poland Supermarket Outlook to 2012” by RNCOS, increasing investments by retailers in supermarket and drifting consumer preference will drive the share of supermarkets in grocery retail. It is anticipated that by 2012, supermarkets will account for around 20% of the total grocery retail sales in Poland from 12% in 2008. The increasing penetration of supermarket chains will be driven by favorable consumer behavior and unprecedented growth in the grocery retail sales at supermarkets.
Also, changing market dynamics and stiff competition in urban areas have forced these chains to enter smaller cities and rural areas. Till now, supermarkets have restricted themselves to urban areas which have been contributing more than 90% towards the top line growth of these chains. Smaller towns still remain an unexplored territory for chains operators’ who are facing intense competition in urban market. By tapping smaller towns, chains operators can continue to drive their top as well as bottom line growth and can also succeed in their vertical expansion plans by entering various sub markets.
The Polish supermarket industry has expanded considerably over the past decade and has remained one of the fastest growing segments of the organized retail industry. The phenomenal growth in the supermarket segment has been driven by the entry of foreign retail chain operators as compared to domestic retail chain operators. In future, these chains will shift their focus towards smaller towns and cities from urban areas.
“Poland Supermarket Outlook to 2012” is an extensive research and objective analysis on the growing supermarket industry in Poland. This report helps clients to analyze the factors critical to the success of supermarket industry in Poland. Detailed data and analysis helps investors, financial service providers and global banking players navigate through the latest trends in the Polish supermarket industry.
The report provides segment-wise analysis, forecast, consumer behavior, and the areas for the future growth. The extent of the information covered in the report helps in understanding the market dynamics and the corresponding factors responsible for transformation of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM032.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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RNCOS Releases a New Report- Indonesia Food and Drinks Market: Emerging Opportunities
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RNCOS has recently added a new Market Research Report titled, “Indonesia Food and Drinks Market: Emerging Opportunities” to its report gallery. Indonesia has emerged as one of the rapidly growing food and drinks industry in the South East Asia. Various factors, such as economic growth, increasing urbanization, young affluent population, and numerous regional food health and safety concerns have led to a surge in the industry.
Considering the growth potential, numerous domestic and international players have set up their facilities in a move to penetrate the flourishing market. Major investments have been made in processed food sector, such as canned goods, snack foods and ready meals, says our new research report - "Indonesia Food and Drinks Market: Emerging Opportunities". Increasing health awareness and safety concerns among Indonesian consumers have further propelled the segment.
The extensive report provides detailed overview on the consumption patterns of Indonesians in various food segments like milk, fruits, vegetables and meat. The beverage segment talks about the type of beverages, their sales and consumption patterns among consumers. This report has been made to help clients in analyzing the opportunities, challenges and the drivers critical to the growth of food and drinks industry in Indonesia.
The future outlook of the industry given in the report is not determined using any econometric or statistical model or evaluation, rather, it depends upon the past and the current market trends. The changing consumer preferences and behavior, and market trends have been thoroughly studied for identifying the future direction of the market.
“Indonesia Food and Drinks Market: Emerging Opportunities” provides five-year industry forecast (2009-2013) on various food and drinks segments, including:
- Consumer expenditure on FBT
- Meat
- Fruit
- Vegetable
- Fish
- Confectionery
- Milk
- Coffee
- Tea
- Alcoholic Drinks
- Soft Drinks
- Bottled Water
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM163.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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China to Dominate International Apparel & Textile Exports in 2009
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According to our new report “China Apparel Industry - New Opportunities for Growth”, the apparel and textile industry will continue to be an integral part of Chinese economy and trade. Despite the global financial turmoil of 2008, Chinese apparel and textile exports will see a positive growth. Although the growth will decline by certain percentage points, Chinese exports will continue to dominate the international trade. Although the export growth may slowdown in coming years but the country will remain the undisputed leader in international market.
According to the report, China exported US$ 118.94 Billion worth of textile and garment in the first eight months of 2008. The exports increase by 9.15% year on year but the growth showed signs of slowing down. Of the total exports, textile product exports closed at US$ 43.915 Billion, up 22.4%, which was nine percentage points higher than the same period last year, and export of garment, US$ 75.025 Billion, up 2.6%.
The economic growth coupled with government commitment towards industrial development and strengthening of manufacturing sector has provided the requisite platform for the development of this industry. Presence of skilled and cheap manpower, strong production line, and favorable policy framework has given competitive edge to this industry. The availability of low cost production facilities has resulted in a phenomenal bottom-line and top line growth of the apparel and textile industry in recent years.
“China Apparel Industry - New Opportunities for Growth” is an extensive research on the apparel and textile industry in China. This research report provides a detailed overview of the industry in China with qualitative and qualitative analysis of the industry. It also underlines the factors responsible for the growth of the industry, and opportunities and challenges for the industry. It takes into account all the macro- and microeconomic factors and the past and current market trends while analyzing the industry performance.
This report provides the segment-wise analysis, latest market trends, and emerging areas in future. The extent of the information covered in the report will help the clients in understanding the market dynamics and landscape.
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