Today: February 14, 2016, 11:16 am
  
Finance

Japan luxury electronic gadgets market: YEN4 billion industry in 2012

companiesandmarkets.com
companiesandmarkets.com
Luxury Electronic Gadgets in Japan - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-12 06:29:01
Imported brands continued to dominate the Japan luxury electronic gadgets market. There were few players in this category and no domestic players. Manufacturers are pulling away from the market. For example, the global luxury mobile phone brand Vertu withdrew from the Japanese market in 2011. Porsche design Blackberry is one of the few luxury mobile phones available in the market. Since there are not many products easily available in the domestic market, consumers are required to purchase products from overseas.

Bang & Olufsen withdrew from luxury MP3 players in Japan in 2011. The sound quality of MP3 players is not as good as CD, DVD or records. As such, real audio fans were not active in purchasing luxury MP3 players. As a result, luxury mobile phones is now the only category within luxury electronic gadgets.

The lacklustre performance of luxury electronic gadgets is expected to continue over the forecast period. Sales will continue to shrink at a constant value CAGR of 4% over 2012-2017. Economic uncertainty will continue to encourage consumers to stay away from purchasing luxury electronic gadgets. Even after economic recovery continues, Japanese consumers will have little interest in luxury electronic gadgets without the introduction of new products that appeal on the basis of value for money.

Key Headlines

- Luxury electronic gadgets declines by 9% in current value terms to less than ¥4 billion in 2012
- Japanese consumers continue to have little interest in luxury electronic gadgets
- Only luxury mobile phones registers significant sales
- Imported brands continue to dominate luxury electronic gadgets
- Luxury electronic gadgets is expected to continue registering declining sales at a CAGR of 3% in constant value terms over the forecast period

Click for report details: www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..

Browse all Consumer Goods Market Research Reports www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..

Browse all Consumer Goods Company Profile Reports www.companiesandmarkets.com/Market/Consumer-Goods/Company-Profil ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 477 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.