The Croatian consumer electronics market has been a regional underperformer with the economy in recession over 2009-2014, accompanied by kuna depreciation against the US dollar that extended into 2015. Our medium- term outlook is brighter, enabled by a return to GDP and consumption growth and kuna appreciation forecast for 2017-2020, that will underpin a consumer electronics CAGR of 3.7% over 2016-2020. Stronger sentiment and rising household incomes will boost the market as a whole, while we identify more specific opportunities in device categories with relatively low penetra tion rates such as tablets, hybrid notebooks, smartphones and smart TVs .
Latest Updates & Industry Developments
Computer Hardware Sales: USD265mn in 2016 to USD307mn in 2020, a CAGR of 3.7%. The market is replacement centric, with PC ownership widespread, and as such it is personal devices that we expect to benefit from a more supportive economic environment over the medium term.
AV Sales: USD232mn in 2016 to USD268mn in 2020, a CAGR of 3.6%. Smart TV upgrades, Ultra-HD in the high income niche, and a slower rate of digital camera cannibalisation will support stronger performance.
Handset Sales: USD315mn in 2016 to USD350mn in 2020, a CAGR of 3.8%. Smartphone upgrade demand will underpin handset outperformance, but as the market becomes increasingly saturated the growth rate will decelerate in the later years of the forecast.
Full Report Details at
- http://www.fastmr.com/prod/1132646_croatia_consumer_electronics.aspx?afid=301
The Croatia 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 Croatia.
BMI Research'sCroatia 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 Croatia.
Key Benefits
Benchmark BMI's independent consumer electronics industry forecasts for Croatia to test other views - a key input for successful budgeting and strategic business planning in the Croatian consumer electronics market.
Target business opportunities and risks in Croatia 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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New Report Available: Croatia Consumer Electronics Report Q2 2016
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