The Electrical and Electronics market accounted for US$32 billion in 2014 in the Middle East and Africa. Saudi Arabia remains the largest and fastest-growing market in the region, and the UAE and Israel are forecast to generate modest growth over the next five years. Markets such as Egypt are badly affected by the economic and political crisis, and an expected decline in sales remains a hurdle for the sales growth. High imports and sales of lookalike smartphones from key brands in local stores are also slowing the value growth of the market. While specialist retailers remain the key channel, the online channel is gaining pace as internet infrastructure grows in the region.
Key Findings
* Saudi Arabia is the largest market for Electrical and Electronics in the region with sales of US$13 billion in 2014. The market grew at a healthy CAGR of 9.1% in 2009-2014 and is set to grow at a CAGR of 6.5% in 2014-2019
* Young consumers, a growing economy and rising income, and buying appetite will remain the key factors driving growth of the category in Saudi Arabia. Smartphones will continue to lead the sales of communication equipment in the kingdom
* The online channel is growing at a CAGR of 16.5%, compared to Electrical and Electronics specialist retailers with 3.3% CAGR. However, physical stores, particularly Electrical and Electronics specialists, still have a strong market in Saudi Arabia and would challenge online electronics retailers entering the market
Full Report Details at
- http://www.fastmr.com/prod/1045312_electrical_electronics.aspx?afid=301
Report Synopsis
The "Electrical and Electronics Retailing in Middle East and Africa, 2014-2019" report, published by Conlumino, provides analysis of current and forecast retail sales in Electrical and Electronics across different channels in Middle East and Africa.
What else does this report offer?
* Market insights based on consumer trends and changing economic and demographic factors on a regional and country basis
* Category group and product category retail sales, and the fastest-growing markets for each region
* Retail sales of product categories covered: communications equipment, computer hardware and software, consumer electronics, household appliances, and photographic equipment
* Retail sales, market share, and growth rate of channels included: Electrical and Electronics specialists, cash and carries and warehouse clubs, value, variety stores and general merchandise retailers, other general and non-specialist direct retailers, online, duty free retailers, drug stores and health and beauty stores, department stores, and other specialist retailers
Reasons to Get this Report
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Market Report, "Electrical and Electronics Retailing in Middle East and Africa, 2014-2019", publishe
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001