Increases in the youthpopulation, favorable economic policies, and sizable FDIare anticipated to boost theGlobal Technology Retail industry and the Technology Retail market is expected to reach an estimated US$1,210 billion in 2017 with a CAGR of 5.8% over the next five years.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the global technology retail marketand presents its findings in “Global Technology Retail Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The Technology Retail Industry is a fragmented industry consisting of electronics and household appliance, computer and software, and camera and photographic supply stores. APAC dominates this market and is projected to lead the industry over the forecast period. Arapidly growing middle class, market oriented stable economy, and availability of trained manpower at competitive rates in China, Japan, Malaysia, and Singapore are expected to boost the industry.. China, India, and Hong Kong are expected to drive growth in Asia in the Appliance and Housewares segment.The Technology segment is expected to increase in the future on account of increased demand and willingness to purchase.
Lucintel’s research indicates that although the industry suffered due to 2008 recession, profitability depicted growth during the recovery period due to increases in revenues of the established companies in the industry. Implementation of cost cutting strategies, advertising, and creative marketing enhanced the profitability of this industry.
As per the study, favorable demographics, rising consumer incomes, new shopping malls, and changing lifestyle drives demand. On the other hand, maintaining balance between price and quality is the biggest challenge for the industry.
This study provides an overview of the Global Technology Retail industry. The report tracks market sizing for four geographic regions of this market sector, and is a segment of the Global Retail industry. The scope of this study is limited to annual trends for past five years and forecasts for next five years.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.