The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Bahrain has proved to be a lucrative consumer electronics device market for vendors, however
the result of high incomes and demand for the latest products is that by 2016 most product categories are
saturated - and so growth potential is limited. Over the medium term we expect to see a market where
volume and value growth is modest, with a small boost from an expanding working age population, but also
downside from form factor innovation that could see smartphones cannibalise demand for standalone
devices such as tablets. Our core scenario is for total device spending to increase at a CAGR of 1.3% over
Latest Updates & Industry Developments
? Computer Sales: from USD143mn in 2016 to USD140mn in 2020, at a compound annual growth
rate (CAGR) of -0.4%. PC saturation and tablet cannibalisation by smartphones means the market will
enter a period of modest decline over the medium term.
? AV Sales: from USD106mn in 2016 to USD115mn in 2020, at a CAGR of 1.9%. High-value Ultra-HD
TV set upgrades by wealthy consumers will support growth as the market emerges from the post flatpanel
boom contraction over the medium term.
? Handset Sales: We forecast a growth from USD292mn in 2016 to USD316mn in 2020, at a CAGR of
1.9%. After a dip in 2016 as the smartphone market adjusts to replacement spending after the rapid
proliferation of ownership, we forecast slow and steady growth based on an expanding population.