The Indian consumer electronics industry has been growing at a double-digit
growth rate since past few years. Higher disposable income, increased product
awareness, affordable pricing, and shift in lifestyles have together been
instrumental in changing the amount and pattern of consumer spending; thereby,
resulting in strong growth in the consumer electronics industry. But still,
the consumer electronics goods, like refrigerators, televisions and air
conditioners, have low penetration in the country, leaving vast room for
future growth.
According to our new research report, "Booming Consumer Electronics Market in
India", the Indian consumer electronics industry will grow at a CAGR of around
18% during 2011 - 2014. During this time period, we expect that LCD TV will
capture majority of the television market share as it will replace Color
televisions market to a large extent.
Moreover, we observed that the air-conditioner (AC) segment is one of the most
important product segments driving the overall growth of the Indian home
appliances market. Introduction of innovative features and technology coupled
with the expansion of distribution network is helping the market to grow at a
faster rate.
Further, our report reveals that, the market will witness a dramatic change in
the competitive landscape over the next few years. A large number of companies
will foray into the lucrative Indian consumer electronics market with their
diversified product portfolio. This will lead the incumbent players to invest
heavily in establishing their stores across different states of the country.
This analytical research, "Booming Consumer Electronics Market in India"
thoroughly evaluates the Indian consumer electronics industry. It briefly
discusses about the current and emerging trends in the industry, underlining
the future potential areas and key issues crucial for the development of the
industry. The research also evaluates the behavioral aspect of the Indian
consumers, their price sensitivity, distribution channel analysis, and future
prospects of the consumer electronics market in rural India. Besides, our
report also offers rational analysis on the key consumer electronics companies
operating in the country, which includes their strength and weakness analysis.
Table 16-4: LG Electronics India Pvt. Ltd. - Strengths & Weaknesses
Table 16-5: Sony India Pvt. Ltd. - Strengths & Weaknesses
Booming Consumer Electronics Market in India published by RNCOS E-Services Pvt. Ltd. in August 1, 2011. This report consists of 95 Pages and the price starts from US $ 800.
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