2014-01-09 02:25:03 - Consumer Electronics in Egypt - a new market research report on companiesandmarkets.com
The demand for Egypt´s consumer electronics increased over recent years. Sales of consumer electronics in Egypt were boosted by the large domestic market, increasing disposable income levels and improvements in telecommunications infrastructure over the review period. Despite the global financial crisis, Egypt has been able to maintain respectable GDP growth in recent years and a growing number of consumers have been able to purchase more basic products such as mobile phones and home video as well as the latest gadgets within consumer electronics.
Ongoing political instability, rising unemployment and the devaluation of the Egyptian pound posed more challenging conditions during 2012 and 2013 and resulted in a sharp drop in growth. Consumer confidence decreased while many retailers were also impacted due
to curfews and unrest in the streets. Egyptian consumers thus became less likely to make impulse buys and more reluctant to spend money on consumer electronics â a development which accelerated product cannibalisation.
Smartphone and tablet PC sales reported a strong performance. However, a number of product areas continued to see strong growth in 2013. Although partly driven by global trends, smartphones, portable computers and digital TVs all posted significant growth as a result of consumers wanting to stay both informed and connected. At the same time, this had a detrimental effect on other product areas such as portable players, with many consumers moving to all-in-one devices.
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 ..
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.comâs 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.