DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4cbe24/venezuela_consumer) has announced the addition of the "Venezuela Consumer Electronics Report Q1 2011" report to their offering.
The Venezuela Consumer Electronics Report provides industry professionals and strategists, corporate analysts, electronics associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Venezuela's consumer electronics industry.
Venezuelas consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products, is estimated at US$3.2bn in 2011. The countrys consumer credit binge of the past five years has now ended and BMI projects a lower rate of growth over its five-year forecast period, after negative growth in consumer electronics sales in 2010. Following the announcement in 2010 of a steep devaluation of the bolvar for non-essential imports such as flat-screen TV sets, demand is likely to be constrained as consumers grapple with runaway inflation, restricted credit availability and the erosion of real wages.
Despite this challenging trading environment, continued, if slower, growth in spending should see per capita consumer electronics spend rise from US$108 in 2011 to US$135 in 2014.
The market is expected to grow at a compound annual growth rate (CAGR) of 5.6% to US$4.1bn by 2015, driven by underlying demand for notebooks, digital cameras and digital TV sets. Venezuelan consumers also continue to show enthusiasm for high-end consumer electronics devices such as BlackBerry smartphones.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Business Environment Ratings
- Regional Consumer Electronics Business Environment Ratings
- Consumer Electronics Market
- Macroeconomic Forecast
- Competitive Landscape
- Computer
- Company Profiles
- Venezuela de Industria Tecnologica (VIT)
- Methodology
- How We Generate Our Industry Forecasts
Companies Mentioned:
- Venezuela de Industria Tecnologica (VIT)
For more information visit http://www.researchandmarkets.com/research/4cbe24/venezuela_consumer