Consumer Electronics in Saudi Arabia Industry Environment Development Trend & Forecast Report

Consumer Electronics

Over the review period, consumer spending on electronics decreased because of the period of austerity that many Saudis are facing. This has made them spend on priorities other than consumer electronics. A decline in social spending and a reduction in subsidies have contributed to the domestic turmoil. Many Saudi employees and worker’s salaries were cut almost by half by the government as a solution to curb the deficit. With the elimination of allowances and deductions of up to one third in basic pay, the government is taking serious actions affecting both Saudis and expats, putting pressure to reduce the spending on discretionary products and cut transfers of expat earnings out of the country. This has affected the consumer electronics market negatively.

Consumer Electronics in Saudi Arabia report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Product coverage: Computers and Peripherals, Digital Cameras by Type, In-Car Entertainment, In-Home Consumer Electronics, Portable Consumer Electronics, Tablets by OS.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

– Get a detailed picture of the Consumer Electronics market;
– Pinpoint growth sectors and identify factors driving change;
– Understand the competitive environment, the market’s major players and leading brands;
– Use five-year forecasts to assess how the market is predicted to develop.


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Resin Capsules Market According To Market Research Industry Growth, Trends, Share and Size, Forecast 2022

Resin-Capsules

Resin capsules market to grow at a CAGR of 4.46% between 2017 and 2022

Resin capsules market size is projected to grow at a CAGR of 4.46% during the forecast period and reach USD 1,256.2 million by 2022. The resin capsules market has generally been characterized by the rise in prices and increase in competition from producers in less developed countries, especially China, which has been aggressively manufacturing and exporting resin capsules. Continuous changes in the landscape of resins employed in the manufacture of resin capsules have shifted the focus of market players toward constant innovations in technologies that can ensure the beneficiation. Advancements in terms of product innovations and technologies are expected to create strong investment opportunities for resin capsule manufacturers. Fluctuations in the prices of raw materials used in resin capsules are expected to be the major restraint for market players, whereas shorter shelf-life of resin capsules is expected to pose a challenge to the growth of the market during the forecast period.

The polyester segment accounted for the largest share in the resin capsules market in 2016

The polyester dominated the resin capsules market in 2016 and is projected to retain the leading position through 2022. This can be attributed to the high demand from the mining and construction industries, owing to reasons such as price efficiency, performance, and in particular, their superior UV resistance in comparison to other resin types.

The mining industry accounted for a considerably higher market share in the resin capsules market

The resin capsules market has been segmented on the basis of end-use industry—mining, construction, manufacturing, and others (oil & gas and marine). The mining industry led the market for resin capsules in 2016; however, the construction industry is projected to grow at the highest CAGR from 2017 to 2022. Continuous demand for minerals and rare earth metals has propelled the growth mining activities, which drives the demand of resin capsules. The mining industry utilizes resin capsules for rock bolting and cable bolting. It also uses resin capsules to support roofs and sidewalls in underground excavations.

Asia-Pacific to witness the fastest growth during the forecast period

The Asia-Pacific region is projected to register the highest CAGR, globally, between 2017 and 2022. China was the largest market for resin capsules in the Asia-Pacific region, in 2016. The Chinese market is projected to grow at the highest CAGR during the forecast period. The rapid expansion of economies in this region is driving the growth of the mining industry. As a result, the mining capacity of various metals and minerals is increasing, thereby boosting the demand for resin capsule.