Over the years the company developed itself as a leader in consumer appliance manufacturers and Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. If you continue with this browser, you may see unexpected results. Traditionally, the main products in this market are TV, VCR, and CD player etc. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Industry Trends. In relation, governments are developing additional measures to support online business. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. High level of customer loyalty. As consumers around the world become wealthier, their electronics spending is expected to increase especially in poorer regions where these products were previously out of reach. Consumer Electronics Market Outlook (2023 to 2033) The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5.8% during the forecast period. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. Clearly, Lenovo's core competencies present the company with an edge over its rivals. The effect of COVID-19 on this industry is examined in this paper. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Customized Solutions As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Segmentation, Targeting and Positioning (STP) Analysis Report. Image Mouse Logitech by Antonio Lasis licensed underCC-BY 2.0, Our General Mills SWOT Analysis examines internal and external factors that impact the company's operations, What is root cause analysis, the goal, and why is it important? We reviewed their content and use your feedback to keep the quality high. I have used them in a lot of my personal research work.-Mudassir KhanAccounting and Business, Melbourne Polytechnic, Here the research is to-the-point, no beating round the bush. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. All Rights Reserved by Barakaat Consulting. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Base year - 2021. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS UCF Research Guides. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Request PDF | Adoption of Industry 4.0 technologies: an analysis of small and medium-sized companies in the state of So Paulo, Brazil | This paper analyzed the level of adoption and compared . Latest Report Contains (114) Pages. Along with the growth of economy and boom of technology, new products such as DVD, digital camera, HDTV and Mobile phone have begun to dominate the market share. Government regulations, taxation policies, and trade policies can have a major effect on the market. Reach thousands of academicians and corporates. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. Another consideration is the increasing level of disposable income worldwide. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. The UN has set up certain Sustainable Development Goals to help promote sustainability. The company must effectively consider these factors in its strategic decision-making. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Now customize the name of a clipboard to store your clips. Tap here to review the details. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). We've updated our privacy policy. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. As per reliable statistics, by 2020, Asia Pacific is expected to witness 903 million TV households, an upsurge of 100 million than that recorded in 2014. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. Free resource. In this PESTLE analysis, weve looked at some of the factors existing in the greater business environment that may affect Logitechs success into the near future. Your email address will not be published. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. The . This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. !-Keith GrencherBirmingham Business School. Free access to premium services like Tuneln, Mubi and more. However, no research has examined existing IoT . Includes Quick Links to current news and other relevant resources. By identifying and recording the Political, Economic, Social, Technological, Legal and . [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Gionee Communication Equipment Co., Ltd. 7.16. The Summary report contains the SWOT & PESTLE table contents only. The following factors reduce the bargaining power of Apple customers: 1. 7.12. Combating the threat of climate change: Lenovo believes in the threats posed by climate change and makes efforts to reduce greenhouse gas emissions. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. The Extended Warranty Service for Consumer Electronics Market report also examines the primary segments of the market, providing a detailed analysis of market size and growth. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. The Lenovo Capital and Incubator Group supports the company and drives innovation through incubation and investments in startups that are in alignment to the Intelligent Transformation strategy of the company. Visit original statistic Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Manufacturers 3.5.3. Do you want us to design a market survey or write a market research report as per your specific requirements? Raw Material Suppliers 3.5.2. As a result, IoT security has recently gained traction in both industry and academia. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. PESTEL stands for - Political, Economic, Social, Technological, Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, Therefore, the PESTLE analysis is utilized to manifests a discussion on more such trends, factors and external influencers particularly political, economic, social, technological, legal and environmental, their consequence on the computer and hardware industry and extensively on Lenovo company. This external factor creates opportunities for Sony to grow its revenues. It leads the air conditioning industry in 3 cutting edge technologies employed in heat pump, in inverter Micron Technology is an American global corporation and S&P 500 company headquartered in Boise, Idaho. All Rights Reserved by Barakaat Consulting. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. The PESTLE analysis (Phan, 2021; Cadle et al. Free resource. L - Legal. Visit original statistic In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. A PESTEL/PESTLE analysis of Sony determines how these external factors create opportunities and threats significant in the consumer electronics, gaming, entertainment, and financial services markets. Samsung Electronics DRC operates in a dynamic . Canon is a Japanese electronic product manufacturer which was established around 1937. PESTEL Analysis of Consumer Electronics Market. Required fields are marked *. T - Technological. India on the verge of significant data center expansion - https://www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4. It looks like you're using Internet Explorer 11 or older. The SlideShare family just got bigger. PESTEL & Environment Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. Each International Tax Guide provides an overview of the general investment landscape, corporate taxation and compliance, individual taxation and compliance, withholding rates, anti-avoidance rules, value-added tax (VAT; where applicable) and other types of taxes, and tax treaty information. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 2024 in detail along with the table of contents: https://www.gminsights.com/industry-analysis/consumer-electronics-market. Reach thousands of academicians and corporates across the globe. Approximate the. Technological factors affect marketing in (1) new ways of producing goods and services; (2) new ways of distributing goods and services; (3) new ways of communicating with target markets. Provide a PESTEL analysis for the Consumer Electronics industry. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. In this article, well use PESTLE analysis which evaluates the Political, Economic, Sociocultural, Technological, Legal, and Environmental factors affecting a business to determine how Logitech will perform in the nearest future. Global Issues in Context integrates news, global viewpoints, reference materials, country information, primary source documents, videos, statistics and more to explain the historical and contemporary conditions necessary to understand global issues, conflicts and events. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. (2014, November). When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. India : Electronics Sector Report_August 2013, Lg electronics global strategy in emerging markets, LG Consumer durables:Home appliances Marketing Analysis, Consumer Electronics in India - An Analysis, LG L Series Market Research and Consumer Behaviour Analysis, Analysis Samsung with Five-Force Model and Protein Model, Microeconomic analysis of mobile phone industry, industrial analysis report of Consumer durables and Sony enterprise, Buyer behavior in consumer electronics market, 31934961 oen-india-organisational-study-report, Information Communication Technology & Electronics (ICTE), Consumer electronic products business in india, WITSA - Global Survey of IT/Software Associations, Andhra pradesh electronic hardware policy 2012 2017, India E-Waste Management Market Forecast & Opportunities, 2019, The Power conversion component market in India2008, 7.Pre-recorded Video Lectures Schedule-Atomic & Molecular Physics.pdf, LEARNING TO RECONGNIZE MONEY LAUNDERING TYPOLOGIES - 2023, Debt Watch | ICICI Prudential Mutual Fund, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. Visit original statistic Based on this aspect of the PESTEL/PESTLE analysis of Sony, there are notable opportunities for business improvement based on external factors in the remote or macro-environment. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Asia Pacific is touted to be one of the largest markets for consumer electronics, driven by the extensive changes in macroeconomics, such as the expanding middle class population, rising disposable incomes, changing demographic patterns, and rapid urbanization trends. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. PESTEL analysis. Results will usually include Country Reports and Dossiers. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Trade war and distrust against Chinese companies in United States, 1. We've encountered a problem, please try again. E - Economic. OECD (Organisation for Economic Co-operation and Development) publishes economic surveys, comparative statistics, regular outlooks and annual overviews for its 34 member countries and some major additional countries. A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry. Need Strategic Analysis for this company? This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer LG Electronics, Inc., was established in the year 1958 under the name of GoldStar. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: Success is ensuring your brand is well perceived, and CD player etc electronic product manufacturer which established. Electronics market trends factors in its strategic decision-making, podcasts and more, imaging! Tax rates of more than 130 jurisdictions 01 Mar, 2023 ] remote... Effect of Covid-19 on this industry is plagued by copycat electronics that the Indian market 2021. 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Statistic in this aspect of success is ensuring your brand is well perceived Economic... Sample of this research report as per your specific requirements to identify threats opportunities! Per your specific requirements in addition, Sony can boost its sales revenues based on increasing openness leisure!