General Retail Goods and Services
Overview of the global home theater projector market
Technavio’s market research analysts predict the global home theater projector market to grow at a CAGR of around 8% between 2016 and 2020. The growing preference for a theater-like movie or gaming experience among consumers has led to the increased adoption of home theater projectors. Also, these projectors are portable and more economical than products like flat-screen TVs. One of the recent developments in the market is the growing demand for ultra-short throw projectors with high brightness. Also, consumers are opting for energy-efficient and eco-friendly projectors. Recently, Casio launched a new range of eco-friendly LampFree projectors that consume over 50% less electricity than regular projectors. Vendors have also introduced smart projectors, which automatically shifts to an idle mode when not in use, thereby saving electricity.
Geographically, APAC is one of the fastest-growing regions in the global home theater projector market. China, Japan, and India are the major revenue contributing countries in this region. The emerging middle-class population of the region with their increasing disposable income is the major driving force in the growth of the market in APAC. With the increasing procurement of expensive products, including advanced audio and video devices, by a large segment of the population, the home theater projector market in APAC will witness a huge growth rate during the forecast period.
Competitive landscape and key vendors
Marked by the presence of well-established global as well as local players, the global home theater projector market is highly fragmented. Intense competition prevails in the market where the manufacturers are constantly
Overview of the department stores in Germany
Technavio’s market research analyst predicts the department stores in Germany to reach revenues worth USD 17 billion by 2020. Over the past few years, the sales in department stores in Germany are witnessing decline owing to the growth of other retail formats like discount stores, shopping malls, and e-commerce websites. Such decreasing revenues have propelled several retailers to move away from mid-market consumer segment and re-position themselves as high-end stores with wide product assortment. Several players like KaDeWe have branded themselves as high-end and luxurious stores, where they are offering wide assortments of products to enhance customer experience and improve their sales. Also, players are adopting promotional strategies like bundled prices, volume discounts, and seasonal sales to attract more traffic to their department outlets.
The market is witnessing increasing shift towards omnichannel retailing, where retailers are focused on attracting more consumers. Several leading department stores such as GALERIA Kaufhof are trying to build online presence, enhance their digital portfolios, and attract customers through mobile and web-based services. To survive in the competitive market scenario, department stores are optimizing their inventory management for multiple channels and are integrating procurement information into a single operational plan. With more department stores strengthening their conventional businesses with online capabilities, the market will witness steady growth in the coming years.
Overview of the retail market in Australia
Technavio’s market research analyst predicts the retail market in Australia to grow moderately during the forecast period, posting a CAGR of almost 3% by 2020. Factors such as high spending power and quality infrastructure have made Australia one of the major target markets for several multinational retailers. The retail market in Australia is witnessing positive growth over the past few years and has become one of the top competitive markets across the globe. With the influx of foreign players in the market offering a wider range of products, the Australian consumers are becoming more sophisticated and demanding, generating more growth opportunities for the market players in this changing market. Retailers are increasingly providing additional value-added services to augment customer satisfaction to accomplish customer loyalty and attract new customers.
Vendors in the market are shifting towards online and omni-retail channel strategy to maximise their reach and increase their profit shares. Both large and small brands are making their products available online, which is increasing the rate of online shopping in Australia. Also, the wide prevalence of online banking and internet connectivity has facilitated consumers to opt for online channels to buy their products. Technavio estimates that close to 80% of the Australians use smartphones to search or buy products online. Such trends have propelled several retailers to launch mobile websites and applications to improve the customers' shopping experience. Smartphones are also being extensively used to scan credit cards, loyalty reward cards, membership cards, and gift cards.
Competitive landscape and key vendors
The retail market in Australia
Overview of the global travel irons market
Technavio’s market research analyst predicts the global travel irons market to grow at a CAGR of more than 4% during the forecast period. Travel irons are gaining popularity because of their basic functionality that offers an instant solution for quick ironing requirement anywhere, and quality outcomes. These small electric and cordless irons are portable, rechargeable battery-operated, and easy-to-carry. Consumers prefer carrying lightweight, portable traveling gadgets like travel irons to maintain a well-groomed look throughout their travel. Travel irons are more preferred by business travelers since they are useful to quickly iron clothes that are needed to be worn for business presentations. With the increase in global outbound travel, it is predicted that the utility of travel irons would increase significantly during the forecast period.
Vintage-style travel irons with retro gadget looks are gaining huge popularity on the e-commerce websites. Most of these vintage-style travel irons are foldable and possess variable control settings for greater efficiency. The materials used to manufacture these retro-styled travel irons are metals, stainless steel, and Bakelite. The aesthetic appeal of antique irons such as stylish classic design and unique body colors has led to their high sales. Most of these gadgets are procured for gifting purposes.
Competitive landscape and key vendors
The global travel irons market is moderately competitive with the presence of several leading conventional iron brands who offer a wide variety of models. Providing products at low prices is one of the key strategies followed by the players of small
Overview of the water heater market in North America
The unpredictable changing weather conditions in North America have propelled the use of heating appliances in the region. Residential water heaters are the most consumed storage water heaters in the market. Remodeling of bathrooms is a major factor boosting the upgrade purchases of water heaters in the region. People are making huge investments in appliances like water heaters that have stylish looks to match with the aesthetics of their bathrooms. Users are also opting for water heaters that do not occupy much space and look modern. These preferences have propelled the demand for tankless water heaters as these heaters are comfortable and sophisticated to use and are energy-efficient. Consumers are shifting towards these water heaters to save on their electricity consumption and utility bills. Also, the demand for tankless or instantaneous water heaters is increasing due to their compact size, ease-of-use, less heating time, and reduced wait time for hot water. Technavio’s market research analyst predicts the water heater market in North America to grow at a CAGR of around 3% by 2020.
With the soaring electricity and gas prices, the end users are increasingly adopting solar water heaters. Solar water heaters have low maintenance costs and provide hot water by using solar energy. This reduces the dependence on electricity and gas for heating water. Countries like the US and Canada are promoting solar water heaters as appliances that use a clean and renewable source of energy, which will boost the demand for solar water heaters over the next five years. Moreover, several vendors in the market are focusing on utilizing renewable energy sources by
Overview of the global aquaculture market
Technavio’s market research analyst predicts the global aquaculture market to grow at a CAGR of around 4% by 2020. Aquaculture is the fastest-growing food production system in the world due to the lack of naturally available varieties of fisheries harvested in natural environments. The increasing awareness of the health benefits and nutritional value associated with seafood has accelerated its consumption. Aquatic products, especially farmed salmon and shrimps, are highly nutritious sources of food, consisting of important proteins, vitamins A, B, D, and Niacin, minerals like iodine, iron, phosphorus, and zinc. These foods also have a significant source of Omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). The high presence of minerals and important nutrients in seafood play a crucial role in the improvement of brain development and reproduction. Such nutritive advantages of aquaculture products have the dependence of people on these food sources, resulting in the overall growth of the market during the forecast period.
APAC will continue its dominance in the market during the forecast period and is likely to account for more than 77% of the overall market revenue. China, India and Indonesia are the major revenue-contributing countries in the APAC region. A large portion of the market is dominated by China, which accounts for around 70% of the global production of carps and oysters. Vietnamese prefer aquatic food because of its high nutritional value and the easily digestible nature, besides being available at low costs. Much of the region’s growth can be attributed to the high demand for Crustaceans, and the rising domestic consumption of various aquatic
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