Home / Africa/International / Turnover for technical consumer goods set to reach €779b in 2019

Turnover for technical consumer goods set to reach €779b in 2019

Hans Joachim Kamp

The high speed of technological innovations, user-experience and the willingness to pay among others are driving sales up in the technical consumer goods market, and turnover for 2019 is projected to reach €779 billion.

Speaking at the IFA Global Press Conference, the media event held in preparation towards the IFA Consumer Electronics event in Berlin, Hans Joachim Kamp, the Chairman of the Supervisory Board gfu Consumer and Home Electronics, said with China and North America leading growth in the market with 70 per cent between them, the home appliances sector is also projected to have a turnover of €273 billion.

Kamp said TV sets will have a turnover of $90 billion in 2019 and 214 million units will be produced, while average screen size continues to grow.

He indicated the turnover for smartphones will be €460 billion with a roll out of 1.4 billion phones in 2019, and Asia will be the biggest market for smartphones, taking a 47 per cent share.

By Emmanuel K. Dogbevi in Andalusia, Spain

Copyright ©2019 by Creative Imaginations Publicity
All rights reserved. This article or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in reviews.

Check Also

Ghana and South Africa among countries to benefit most from AfCFTA – Report

The African Continental Free Trade Area (AfCFTA) when fully implemented is expected to spur a …