Be successful with Consumer Electronics Franchise

Consumer electronic goods are more of a necessity nowadays. The increasing dependability on home appliances and consumer durables has led to the expansion of big brands in this electronics industry. The growth rate has been marked close to 15% per annum. Due to the less competition at the point of time, the business is widely open for entrants.

Consumer goods have made our life easier. According to the industry experts, the better disposal income and thriving Indian middle class population are the growth drivers of this sector. Owning a renowned brand is a craze which is on heights. Considering these factors, it has been visualized that the industry has a shining future ahead.

Take a look of some Interesting Facts about Consumer Electronics Industry:

• One of the largest growing industry in the world
• Electronic gadgets are becoming popular among youth
• Consumer Electronics is the top selling category on E-commerce websites
• The world consumer electronics market is expected to see yearly growth of 7% by 2015, according to RNCOS.
• The market is expected to reach an estimated US $1,210 billion in 2017 with a CAGR of 5.4% over next five years
• The consumer electronics industry is consolidated as the top 10 players contribute approximately 52% of total market size
• Brazil, China, India, Mexico and South Africa are the top 5 emerging markets in Consumer Electronics Industry
  

Key Players in the Consumer Electronics Industry

From laptops to refrigerators to tablets, all electronic items give an eternal support and comfort to us. Check the list of the 5 big shots of consumer electronics of 2013 on market value basis.

Apple

Samsung Electronics

Hitachi

Toshiba

Sony

Consumer electronics franchise opportunity in India is that lucrative offer which brings ensured success. Indulge in this business, it has a long way to go.