Recently Released Market Study: Oman Consumer Electronics Report Q4 2012

New Consumer Goods market report from Business Monitor International: "Oman Consumer Electronics Report Q4 2012"


Boston, MA -- (SBWire) -- 11/08/2012 --BMI expects that Oman's consumer electronics market will grow by around 9% in 2012, with Omani consumer confidence high, fuelled by higher wages. An increase in government spending to allay concerns expressed by protestors in Muscat in 2011 boosted incomes and BMI forecasts more stimulus spending in the form of wage increases and subsidies in 2012. In 2011, leading Omani market vendors reported double- and triple-figure shipments growth in some AV product categories. Rising incomes, new technologies and a trend towards hypermarket retailing will sustain growth in this market. Vendors will rely on innovative products such as tablets, 3D and light emitting diode (LED) TV sets and feature-rich smartphones - and the roll-out of 3G services - to act as demand drivers in the Omani market.

View Full Report Details and Table of Contents

Headline Expenditure Projections

Computer sales: US$188mnin 2011 to US$203mn in 2012, +9% in US dollar terms. Forecast in US dollar terms upwardly revised due to macroeconomic factors and analyst modification, with drivers including the government's Towards Digital Oman strategy.

AV sales: US$297mn in 2011 to US$318mn in 2012, +8% in US dollar terms. Forecast in US dollar terms unchanged, with the main driver being demand for flat-screen TV sets.

Handset sales: US$186mn in 2011 to US$206mn in 2012, +10% in US dollar terms. Forecast in US dollar terms upwardly revised, with smartphones on course to account for 60% of sales.

Risk/Reward Rating: Oman's score was 45.3 out of 100.0, with a relatively small market offsetting the relatively high Country Risk score. Oman was 9th in our latest RRR table, but due to the relative affluence of Omani consumers this will remain a valuable regional market for vendors.

Key Trends & Developments

Tablets are enjoying a boom in Oman and despite originally being viewed largely as a consumer device, are now finding increasing adoption among the enterprise segment. Tablets are generally significantly more expensive than smartphones, but prices will continue to fall and they are seen as a growth area in 2012. Meanwhile, vendors are also heavily promoting the concept of ultrabooks, a new category of highend notebooks.

In Oman, TV sets account for more than half of all AV revenue. Flat-screen TV sets will be the main driver of AV category sales growth over the forecast period as consumers upgrade and trade their old models for digital. The market's development should be boosted after planned moves by the GCC to encourage a migration from analogue to digital TV broadcasting.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Bulgaria Consumer Electronics Report Q4 2012
- South Africa Consumer Electronics Report Q4 2012
- Philippines Consumer Electronics Report Q4 2012
- Indonesia Consumer Electronics Report Q4 2012
- Peru Consumer Electronics Report Q4 2012
- Chile Consumer Electronics Report Q4 2012
- Czech Republic Consumer Electronics Report Q4 2012
- Turkey Consumer Electronics Report Q4 2012
- Mexico Consumer Electronics Report Q4 2012
- China Consumer Electronics Report Q4 2012

Media Relations Contact

Bill Thompson
Director of Marketing

View this press release online at: