Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Booming Consumer Appliance Industry Offsets Tech Commoditization
Feb 9, 2004
 Printable format
 Email this Article
 Search

A booming appliances industry, rising disposable incomes in high-potential Asian regions, and the increasing penetration of multi-functional equipment are driving the adoption of rechargeable batteries in consumer product applications.

Mature technologies and increasing commoditization are, however, challenging vendors to distinguish their products from that of competitors.

New analysis from Frost & Sullivan, World Rechargeable Battery for Consumer Product Application, reveals that this market totaled revenues worth U.S. $467.3 million in 2002 and is poised to expand to $679.3 million by 2009.

"Given the lack of distinctive features, manufacturers are being forced to shift from technology competition to price competition as they are faced with the issue of making their products stand out," stated Sara Bradford, Frost & Sullivan industry manager .

Problems in aligning product prices with competitors and the rapid increase of less expensive Asian counterparts in the global market are compounding vendors' woes, the firm said.

Maintaining close relationships with customers and increasing their awareness of the drawbacks of adopting inferior, albeit cheaper imports may prove to be the only way to sustain future growth.

The firm says a windfall of future opportunities stems from the rapidly growing segments, which include portable garden and power tools, portable audio-video devices, as well as other consumer appliances, including electric shavers, toothbrushes, and toys.

"With the increasing popularity of sophisticated, multifunctional devices, the responsibility is on battery vendors to keep pace with emerging power requirements and provide batteries that do this within a smaller footprint," Ms. Bradford said in a written statement.

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows