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Kuwait Consumer Electronics Report Q4 2009Published by: Business Monitor International Published: Sep. 10, 2009 - 40 Pages Table of Contents
AbstractKuwait’s consumer electronics devices market, defined as including computing devices, mobile handsets,and video audio and gaming products, is projected to increase to US$939mn by 2013, driven by growingpopularity of LCD TV sets, 3G handsets, notebook computers and other key products, and by ongoingexpansion of the retail sector.BMI predicts that per capita consumer electronics spend will reach US$241 by 2013, from US$199 in2009. In 2009 there were signs that the impact of the slowdown, although noticeable, was not too severe. A number of electronics retailers, including the largest, Alghanim, reported that sales were generallyholding up. BMI projects that Q109 could turn out to have been the low point for the market, but thereare risks to the downside as expatriates leave the country and Kuwaitis lose their jobs. Computers Computer hardware accounted for around 50% of Kuwaiti consumer electronics spending in 2008. BMI projects Kuwait’s domestic market computer sales (including notebooks and accessories) of US$341mn in 2009, up from US$330mn in 2008. Computer hardware compound annual growth rate (CAGR) for the 2009-2013 period is forecast at about 9%, with the popularity of wireless access technologies driving notebook sales. AV Devices AV devices accounted for around 35% of Kuwaiti consumer electronics spending in 2008. Kuwait’s domestic AV device market is projected at US$239mn in 2009. The market is expected to grow at a CAGR of 3% between 2009-2013, to a value of US$267mn in 2013. More ‘big box’ electronics stores offering a widerchoice and often better prices will help stimulate sales. Mobile Handsets Mobile handset sales accounted for around 16% of Kuwaiti consumer electronics spending in 2008. Kuwait’smarket handset sales are expected to grow at a CAGR of 13% to US$208mn in 2013, as mobile subscriber penetration reaches 192%. Following the entry of a new mobile network operator, more competition will drive the replacement handset market, and there will be growing demand for smartphones and 3G handsets. Get Full Details About This Report >> |
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