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: After a double-digit contraction in 2015 when kuna depreciation hit consumer electronics
spending in Croatia, we forecast a return to growth from 2016 and a CAGR of 2.9% for 2016-2020. A
stronger economic environment including GDP growth and kuna appreciation will be a welcome boost for
vendors after recession during 2009-2014 and then the blow to affordability from depreciation in 2015.
This will allow vendors to tap remaining first-time buyer opportunities as confidence increases, as well as
deferred upgrade/replacement purchases from the preceding period of economic uncertainty.
Latest Updates & Industry Developments
? Computer Hardware Sales: USD260mn in 2016 to USD286mn in 2020, a CAGR of 2.4%. Outlook
lowered in Q416 as a result of the threat to PC spending posed by consumers' increasing preference for
smartphones as their computing devices.
? AV Sales: USD218mn in 2016 to USD242mn in 2020, a CAGR of 2.6%. Higher-value Ultra HD TV set
upgrades will boost spending now that the core flat-panel upgrade boom has passed, putting the segment
on a stronger trajectory from 2016.
? Handset Sales: USD300mn in 2016 to USD346mn in 2020, a CAGR of 3.6%. After a slowdown in
smartphone upgrades in 2015, we expect a reacceleration in 2016 and upgrade momentum to be
maintained until the later years of the forecast.