Latest Study Presents Global Audio Visual Market Precise Analysis & Forecasted its Growth up to 2022
Albany, New York, March 17, 2017: A latest research report labeled as “Global Audio Visual Market Research Report” has been added to the vast portfolio of Market Research Hub’s online research offerings. The market research report examines executive’s opinion about the business environment during. It also highlights existing economic conditions, supplier price variations, sales performance, industry and company growth outlook, spending patterns, and key priorities. Additionally, the report provides comprehensive insight and analysis of the global market, the major players, the main trends, and consumer attitudes. The report delivers a thorough analysis of the market current status and future growth prospects for the forecast period of 2017-2021. Also, major dynamics such as drivers, restraints and opportunities for the growth in the global market have been included.
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The audio visual market will experience a decline in 2017, reflecting price rises driving up costs to the supply chain. Price inflation will kick in as hedging runs out and supply chain costs increase on the back of currency fluctuations. Online prepays continue to threaten more mature multichannel retailers, utilizing lower supply chain costs to provide highly competitive prices and investing in attractive fulfilment capabilities to entice shoppers away from rivals.
It provides in-depth analysis of the following –
– The key issues
– Market, retailer and consumer headlines
– Market sizes and predictions for growth
– In-depth profiles of the key retailers
– Where people shop
– Why people shop
– Average spend at a product category level
– Channel usage research and payment
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– Growth in the category will be driven by home audio equipment, with the integration of smart home technology that is controlled through smart speakers being vital to the sub-category.
– Dixons Carphone continues to lead the market, building on its nationwide roll-out of 3-in-1 stores in 2016, while Argos experienced the steepest decline.
– The audio visual market will suffer the repercussions of the UK’s decision to exit the EU which has resulted in a highly depreciated pound, driving price increases. We expect smaller brands to suffer the most as they are unable to utilise the weight of the likes of Samsung and Apple to force retailers to choose between a hit to profit margins or raising prices.
– An inability to recreate the level of consumer desire brought about by HD TVs through more recent technological developments has hampered the market as brands are unable to shorten the purchasing replacement cycle.
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Reasons to buy
– Utilize our five-year forecasts to 2022 for individual sub-categories, online penetration and channels of distribution to enable targeted investment in high performing areas.
– Identify the major brands and manufacturers in the audio visual market and utilize our in-depth analysis of how and why each retailer is performing as it is in the market to allow for benchmarking and a strategic advantage.
– Recognize which consumers to target and how to drive spend from them by utilizing our shopper penetration data and understanding what influences their retailer selection and spending motivations.
– Understand how the online channel can be better utilized to sell audio visual goods by using our online penetration and expenditure forecasts and analysis on channels and online fulfilment.
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