Kuwait Consumer Electronics Report Q2 2016 - New Market Study Published

From: Fast Market Research, Inc.
Published: Fri Apr 01 2016

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.

Full Report Details at
- http://www.fastmr.com/prod/1130941_kuwait_consumer_electronics.aspx?afid=301

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.

The Kuwait Consumer Electronics Report has been researched at source and features latest-available data covering both the manufacture and sale of consumer electronics products, critically analysing - and forecasting - the market dynamics affecting each sub-sector, including audio-visual, computers, mobile handsets, gaming and automotives electronics. Furthermore, the report analyses the domestic and global economic trends driving device demand and provides company rankings and competitive landscapes covering leading multinational and national consumer electronics companies and analysis of latest industry news and trends in Kuwait.

BMI Research'sKuwait Consumer Electronics Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the consumer electronics industry in Kuwait.

Key Benefits
Benchmark BMI's independent consumer electronics industry forecasts for Kuwait to test other views - a key input for successful budgeting and strategic business planning in the Kuwaiti consumer electronics market.
Target business opportunities and risks in Kuwait through our reviews of latest industry trends and major deals, projects and investments.
Exploit the latest competitive intelligence with company SWOT analyses.


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About Fast Market Research

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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