India Consumer Electronics Market Examined in New RNCOS Report Recently Published at MarketPublishers.com11 Apr 2013 • by Natalie Aster
LONDON – Over the recent years, the increasing usage of Internet (mainly amidst the younger generations) has been one of the main forces igniting growth of the demand for such entertainment devices as e-readers and smartphones in India and, consequently, spurring growth of the local market for consumer electronics. The rising per capita income, enhancing affordability, changing lifestyles and technological advancements impact the development of the Indian market in a positive way too.
In 2012, spending on consumer electronics amounted to approximately USD 33 billion in the country. It is expected to grow at a CAGR of around 14.8 percent over the next few years, mainly at the expense of set-top boxes, notebook computers, and low-cost mobile phones, among others. However, such product categories as home audio and video as well as video players currently enjoy lower demand from the customer side since Indian are spending less time at home. In 2013, Indian consumer electronics vendors are expected to open their offices in around 300 small cities, thus, spurring the market growth.
New market research report “Indian Consumer Electronics Market Outlook 2015” worked out by RNCOS E-Services Pvt. Ltd. (RNCOS) offers an insightful review of the Indian market for consumer electronics. The research study contains all-inclusive overview of the market, indicates macroeconomic factors impacting the market and discloses industry trends. The report discusses industry trends in detail, unveils government regulations related to the industry. Data on future growth strategies, growth inhibitors and the competitive landscape can be found in the study as well. Besides, the report includes key players’ analysis and future market outlook through 2015.
Companies profiled in the study: Whirlpool India Ltd., Samsung India Electronics Pvt. Ltd., Videocon Industries Ltd., LG Electronics India Pvt. Ltd., Godrej Appliances, Sony India Pvt. Ltd., Voltas Limited.
Indian Consumer Electronics Market Outlook 2015
Published: April, 2013
Price: US$ 900.00
More Cutting-Edge Market Research Reports by RNCOS Include:
- Vietnam Retail Market Outlook 2017
- Fuel Cell Market Outlook 2017
- Corrugated Boxes Market in India
- CCTV Market Outlook 2017
More market research reports by the publisher can be found at RNCOS page.