Kuwait Consumer Electronics Report Q2 2016

Date: March 16, 2016
Pages: 52
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: The low oil price resulted in a further downward adjustment to our Kuwait consumer electronics devices forecast in the Q216 update. Our country risk team expects slower growth in private consumption over the medium term, at about half the rate of 2010-2015, while exacerbating the impact of this slowdown is the fact most device categories are saturated in Kuwait in 2016, including smartphones and tablets. These factors are behind our forecast for total device spending to contract at a CAGR of -0.8% 2016-2020. Despite the pressures on device spending, it will continue to be a lucrative market for vendors, with short replacement cycles and premium preference of Kuwaiti nationals supporting demand.

Latest Updates And Industry Developments
  • PC Sales: USD454mn in 2016 to USD428mn in 2020, corresponding to a CAGR of -1.4%. Weak consumption outlook in a saturated market will result in mild contraction of retail hardware spending.
  • AV Sales: USD324mn in 2016 to USD303mn in 2020, a CAGR of -1.4%. Although we envisage contraction, Ultra-HD TV set upgrades will underpin stronger performance 2016-2020 compared to 2015.
  • Handset Sales: USD557mn in 2016 to USD564mn in 2020,a CAGR of 0.1%. High smartphone penetration means growth potential is diminished, but the high replacement rate and premium preference of Kuwaiti nationals means the market will continue to be lucrative in per capita terms.
BMI Industry View
Latest Updates And Industry Developments
Consumer Electronics Market
Industry Forecast
Latest Updates
Structural Trends
  Table: Consumer Electronics Overview (Kuwait 2014-2020)
Industry Risk Reward Index
Industry Risk/Reward Index
  Table: CE RRI Regional Score Breakdown, Q216
  Table: MEA Consumer Electronics Risk/Rewards Index, Q216
Market Overview
Recent Developments
  Table: PC Sales (Kuwait 2014-2020)
  Table: AV Sales (Kuwait 2014-2020)
Mobile Handsets
  Table: Mobile Communications (Kuwait 2014-2020)
Industry Trends And Developments
Regulatory Development
  Table: Regulatory Authorities
Regulatory News
Competitive Landscape
Local Companies
  Table: Al-Babtain Electronics Company
  Table: Alghanim Industries
  Table: Almasa Holdings
  Table: Redington Kuwait
International Companies
  Table: Dell
  Table: Toshiba
Demographic Forecast
  Table: Population Headline Indicators (Kuwait 1990-2025)
  Table: Key Population Ratios (Kuwait 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
  Table: Population By Age Group (Kuwait 1990-2025)
  Table: Population By Age Group % (Kuwait 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
  Table: Consumer Electronics Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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