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Market Research Report

Global Consumer Trends to 2006 for the Automotive Electronics and Technology industries

Published by Style-Vision, s.a.r.l.
Published July, 2004 Product code 21135
Content info 22 Pages
Price
Not Available

This publication has been discontinued on July 19, 2011.

Introduction

Abstract or Executive Summary

Traditional marketing communications need a hand... are you prepared for the mood consumers?

The fast pace of technological progress has traditionally fuelled the renewal of markets. But such pace also harbours two major risks: the permanent threat of obsolescence and the blanket escalation of extra functions and new versions. For companies in huge, highly competitive, mass markets - such as cars and consumer electronics (digital photography, computers, telephony, white goods etc.) - the above problems have some very negative consequences. To maintain sales volumes, companies adopt drastic strategies (massive promotional support) often at the cost of profit margins.

But such promotional efforts are only valid if the consumer understands them and if the product and the message correspond to the consumer's needs and interest.

Globally, consumers' buying habits are changing. Consumers no longer act based on their age, income or gender

To cope with this ever-changing scenario, marketing segmentation and targeting techniques are rapidly evolving, from traditional, static, demographic-based criteria towards dynamic, mood, lifestyle and psychographic influences. It is no longer a question of identifying your customers by age, geography or income, but looking into how and why they buy, based on their mood, beliefs and the occasion.

GLOBAL CONSUMER TRENDS to 2006 for the automotive, electronics and technology industries combines techniques and processes from the fields of psychology and social science, along with real-world data from product launches, technology and culture, to visually illustrate mood consumption in practice.

The report is broken down into five mega-trends which are driving mood consumption and will have a significant impact for the automotive, electronics and technology industries, namely:

  • Hybrid: the fragmentation and growing diversity of a globalized world add weight to the conviction that cross-referencing points of view and mixing ideas and practices can lead to better solutions
  • Anticipative: faced with multiple options, making a choice can prove to be a stressful operation. Offering unified solutions that harmoniously integrate distinct dimensions (pleasure, security, comfort, etc.) reduces complexity and guarantees true psychological well-being.
  • Distinctive: identity is no longer perceived as a permanent state, but increasingly as a "self" in perpetual motion. The individual's dream is to explore the riches of spatial, temporal and/or contextual mobility whilst feeling totally unique thanks to a thousand and one distinctive signs.
  • Amazing: Social interaction demands constant effort from individuals in terms of adapting and the often exhausting process of compromise. To get the best out of life, one must allow oneself the fun of distorting stereotypes, indulging in poor taste and revelling in sublimated reality.
  • Humanised: the quest for simplicity, straightforwardness and authenticity fosters empathy with the individual's emotions and a desire to enhance his/her well-being. ?

Under each mega-trend, a detailed analysis is given providing style directions, indicators and background details, critical keywords, associated colours, materials, shapes and sensations. Thus the guide provides essential input and stimuli for design, strategy, development, innovation, and marketing teams alike. ?

Sectors covered in this report: Colour Chemicals, Automotives, Telecommunications, Consumer electronics, White goods,

Applicable areas for this report: Advertising strategies, Brand strategy and Brand portfolio management, Branding trends, Strategic Planning, Lifestyle trends, Market Research, Consumer Segmentation, Future Qualitative studies, Consumer insight, Consumer behavior, Sensorial marketing, Business intelligence and analysis, Design intelligence, Merchandising, Product development, design and innovation.

Table of Contents

Introduction
1 Hybrid: cross fertilization
2 Anticipative: female foresight
3 Distinctive fashion express
4 Amazing: magic touch.
5 Humanised: seamless well being
6 Appendix
6.1 sources
6.2 conditions

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