Saudi Arabia Consumer Electronics Report - Business Monitor International - Industry Reports

Saudi Arabia Consumer Electronics Report

Saudi Arabia Consumer Electronics Report - Business Monitor International - Industry Reports
Saudi Arabia Consumer Electronics Report
Published Oct 08, 2016
55 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Computer Hardware Sales: Set to decrease from USD-,---.--bn in ---- to USD-,---.--bn in ----, a CAGR of --.- . A flat market is envisaged, as the population growth driver is offset by the potential for cannibalisation of PC sales, particularly tablets, by smartphones. ...AV spending is non- essential and subject to deferral in the uncertain economic environment but there is potential for improvement at the high end of the market as UHD and OLED TV sets trigger upgrades by high-income households. This offers upside in a market where home entertainment is popular and the market should recover over the medium term after three successive years of contraction in the wake of the initial flat- panel boom and digital camera volume cannibalisation. Handset Sales: USD-,---.--bn in ---- to USD-,---.--bn in ----, a CAGR of -.- . Saudi Arabia s smartphone market regained momentum in ---- as lower-value handset availability deepened the market to migrant workers, but this upside will not be sustained and we expect a deceleration over the medium term. There is a risk that economic uncertainty could lengthen replacement cycles and result in lower levels of multiple device ownership.

...We lowered the forecast for consumer electronics device spending in Saudi Arabia in the Q--- update after double digit declines in sales were reported by local retailers across all three device segments. We now forecast the market will contract by --.- in ---- to USD--.-bn as both product cycles and economic uncertainty combine to affect demand negatively. ...We now forecast the market will contract by --.- in ---- to USD--.-bn as both product cycles and economic uncertainty combine to affect demand negatively. Real GDP growth is forecast at just - in ----, which in the context of uncertainty about the potential fiscal implications of a further lowering of oil prices and saturated device categories means spending is susceptible to being deferred or substituted for cheaper models. The shift in market dynamics is especially sharp in device categories that have driven growth in recent years, such as smartphones and tablets. The tablet and smartphone markets underwent a rapid initial boom in Saudi Arabia as core market saturation occurred much faster than for earlier device categories such as notebooks. This means there is a depleted pool of first-time buyers, leaving vendors reliant on replacement

...BMI View: A mature consumer electronics market, with high penetration of PCs, flat-panel TV sets and smartphones, against a backdrop of economic uncertainty, means spending growth potential is limited in Saudi Arabia over the medium term. Our core scenario is for total spending to increase at a CAGR of -.- over ---------. ...

  
Source:
Document ID
2040-9656
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Saudi Arabia Consumer Electronics Report" Oct 08, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Consumer-Electronics-Report-2026-968>
  
APA:
Business Monitor International - Industry Reports. (2016). Saudi Arabia Consumer Electronics Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Consumer-Electronics-Report-2026-968>
  
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