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Consumer Electronics Segment to Earn Big Revenues

Franchise of consumer durables

Consumer goods have made our life easier. The increasing dependability on home appliances and consumer durables has led to the expansion of big brands in this consumer electronics industry and they have become more of a necessity nowadays.

According to the industry experts, the better disposal income and thriving Indian middle class population are the growth drivers of this sector. Also owning a renowned brand is a craze which is on heights. Considering these factors, it has been visualized that the industry has a shining future ahead. The growth rate has been marked close to 15% per annum. Due to the less competition at the point of time, the business is widely open for entrants.

What are the reasons of growth of Consumer Durable Industry?

  • Technological enhancements
  • The rising disposable income of households
  • Increased competition & growing demands in the rural areas and small towns
  • Government support and reduction in custom duty

Why to join Consumer Electronics Industry?

We emphasize the positive of the industry to help you in taking your Consumer Goods Franchise Business:

  • It is one of the largest growing industry in the world.
  • Brazil, China, India, Mexico and South Africa are the top 5 emerging markets in Consumer Electronics Industry.Consumer Electronic Franchise
  • Consumer Electronics is the top selling category on E-commerce websites
    Electronic gadgets are in high demand among youth.
  • The world consumer electronics market is expected to see yearly growth of 7% between by 2015, according to RNCOS.
  • The consumer electronics industry is consolidated as the top 10 players contribute approximately 52% of total market size.
  • The market is expected to reach an estimated US $1,210 billion in 2017 with a CAGR of 5.4% over next five years.

Expansion, The Franchise Way

The rise of consumerism and advancement of technology have fuelled the growth of the electronics industry in India. Franchising offers consumer electronics franchise opportunities in India to aspiring entrepreneurs as well as companies.

A franchisee gets a number of leverages. He will be provided with all the needful support and proper guidance to set-up and run the new franchise profitably.

List of industries in consumer electronics market expanding via franchise route:

LG, Videocon Industries Ltd, Samsung India, Micro Retail Ltd (MRL), NEXT Retail India Ltd, Eureka Forbes Intex Technologies, Canon and few more companies have chosen the franchise path to come in the Indian market.

You should consider few factors before owning a franchise. View the below listed:

  • Franchise Agreement
  • Franchisor’s Business Record
  • Support Provided by the Franchisor
  • Financial Capability of the Franchisor
  • Consumer Demand for Franchisor’s Product
  • Franchisor’s Plan for Business Expansion
  • The Termination or Breach of Franchise Terms

To summarize, you can say that buying franchise of consumer durables offers a good chance to fetch good returns over investment. Hurry up and get associated with the big brands.

Disclaimer :Images used in this post are for study and informational purpose only and these brands are owned by their respective owners.

The images used in this blog posts are found from different sources all over the Internet, and are assumed to be in public domain and are displayed under the fair use principle. We provide information on the image’s source and author whenever possible, and we will link back to the owner’s website wherever applicable.
If the original owner or owners of any image found on blog would like an image removed, please send us a message at helpdesk@getdistributors.com indicating this and the image will be completely removed.

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19 Comments on "Consumer Electronics Segment to Earn Big Revenues"

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