China Consumer Electronics Report Q3 2014

May 27, 2014 - Business Monitor International - 67 pages
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BMI View: Consumer electronics spending in China is forecast to continue strong growth as vendors make inroads into low device penetration in key categories such as smartphones and PCs to achieve strong volume growth. An additional boost is the package of economic and social reforms announced by the government in late 2013, which should boost consumption , which had been effected to some extent by the cessation of government subsidies in 2013 . We expect the market value will grow by 12.9 % in 2014 and we expect growth momentum will be maintained over the medium term with a CAGR of 8.3% 2014-2018 . As incomes rise in China , consumers will spend an increasing proportion on consumer electronics devices, a trend which will be amplified by declining prices for tablets, TVs and smartphones .

Headline Expenditure Projections
  • Computer hardware sales: USD86.7bn in 2013 to USD95.5bn in 2014, +10.2% in US dollar terms. As consumption shifts to lower priced tablets unit growth will be sustained, but value increases will fail to keep pace.
  • AV sales: USD82.7bn in 2013 to USD92.0bn in 2014, +11.3% in US dollar terms. Flat-panel TV set sales are expected to continue strong growth, however an area of significant potential growth is the games console market following the removal of the 13 year ban on the sale of such devices in China.
  • Handset sales: USD49.1bn in 2013 to USD59.2bn in 2014, +20.5% in US dollar terms. Declining prices for smartphones, particularly from local vendors, are driving up the share of smartphones in the sales mix and supporting strong growth in market value.
Key Trends & Developments

The Chinese smartphone market expanded rapidly in 2013, with total sales estimated at 199mn, an increase of 29% from 2012. Local vendors including Lenovo, Coolpad, Xiaomi, ZTE and Huawei have been the main drivers of this expansion through low-cost strategies. They undercut global leaders, with some flagship smartphones from Chinese...

The China 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 China.

Business Monitor International (BMI)'s China 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 China.

Key Benefits

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

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering consumer electronics, major investments and projects.

Consumer Electronics Market

Analysis of the size of the domestic market for electronics products, with in-depth assessment and data covering the dynamics driving each sub-sector; audio-visual, computers, mobile phone handsets and gaming devices, as well as demand for automotives electronics.

Electronics Industry

Analysis and data of the domestic electronics manufacturing sector. We assess the regulatory and business operational issues facing manufacturers - including openness to foreign investment, infrastructure, IP issues and the global demand context - and their impact on the production of electronics goods, which is again broken down via market sub-sectors.

Industry Forecast Scenario

Historic data series and forecasts to end-2018 for all key industry and economic indicators (see list below), supported by explicit assumptions, plus analysis of key risks to the main forecast, covering computers, communications and gaming devices. Indicators include:

Industry value (US$bn); population (mn); nominal GDP (US$bn); real GDP growth (%), GDP per capita, industrial production Index (% y-o-y ave.) unemployment % of labour force.

Business Environment Ratings

BMI's Consumer Electronics Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors and participants in the regional consumer electronics market. The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.


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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports.