Surging Consumer Electronics Market driving South Africa Retail Industry

According to our research report “South African Retail Industry Forecast to 2013”, the consumer electronics retail sales experienced a tremendous increase in the past few years on the back of increasing household income, consumer expenditure, and economic recovery. The presence of huge untapped potential and upcoming investment from international players in innovative technologies will further propel the growth in coming years. With high consumer electronics demand and rise in household income, the retail sales of the country is expected to surge at a rate of 5% during FY 2010 – FY 2014.

 

The consumer electronics retail sale in the country is mainly driven by personal computers and major domestic appliances like refrigerator and washing machine. Apart from this, small domestic appliances also contribute mere proportion to retail sale growth. Other non-food segment like Clothing, Footwear, and Household cleaning products have also shown good momentum in the past few years. Although share of consumer goods segment is comparatively high among the non-food segments, with the introduction of international clothing and footwear brands the share of other segments is anticipated to rise in coming years.

 

As per our analysis, the food retail sale of the country is expected to grow in near future on the back of various factors covered in the report. The ongoing research analysis also provides detail information about the consumer-spending pattern. The scope and penetration of online retailing is also discussed in the report. Besides, the report covers in-depth analysis of retail formats in the country and type of products that are largely available there. Extensive research is done on the present development of the modern retail outlets like convenience stores, supermarket, and hypermarkets in the country and upcoming investments.

“South African Retail Industry Forecast to 2013”, provides detail information on the key non- food segments in the retail industry and their growth prospects in coming years. Due consideration has been given to the key players operating in the country, to enable clients understand market structure and growth potential in near future. In addition, ongoing and upcoming industry trends are discussed in the report to analyze the future direction of the industry.

For more information visit: http://www.rncos.com/Report/IM275.htm