Japan Consumer Electronics Spending to Drop in Mid-Term, States BMI RESEARCH in New Market Report Available at MarketPublishers.com27 Jun 2016 • by Natalie Aster
LONDON – Japan is both a key manufacturer of consumer electronics devices and components, and a huge market for sales of these devices; however, in both instances it bears the marks of weakness. The country’s electronics sector performance has decelerated in the past decade amidst low-cost competition and a dynamic product landscape, and there is further downside in the mid-term. Despite the growth of household income levels, consumer electronics device expenditure is expected to decline at a CAGR of -0.6% in line with unfavorable demographics and market saturation.
Computer hardware sales are poised to decrease from USD 42.7 billion in 2016 to USD 40.9 billion by 2020, a CAGR of -1.1%. Competition from smartphones will denote longer replacement rates will continue to be a feature of the market and negatively influence the computer segment in the mid-run.
Mobile handset sales are poised to drop from USD 17.7 billion in 2016 to USD 18.4 billon by 2020. Large premium market in Japan will mean it keeps on being one of the most lucrative markets in APAC through to 2020.
New research report “Japan Consumer Electronics Report Q3 2016” elaborated by BMI RESEARCH offers comprehensive analysis and forecast of the Japanese market for consumer electronics. The study provides a detailed SWOT analysis of the industry. It investigates latest updates and structural trends, recent trends and developments in this space. The report offers a granular segmental analysis of the sector. The research study provides data on production and consumption; discusses the operational risks and government policy; canvasses key regulatory developments. The report scrutinises the competitive landscape and profiles the key players. Detailed demographic outlook and forecasts are available as well.
More new studies by our market research partner are available at by BMI RESEARCH page.