China Signed 32.5 Billion U.s. Olympic Preparations A Large Single Flat Market – Gome Electrical

China Signed 32.5 Billion U.s. Olympic Preparations A Large Single Flat Market – Gome Electrical
Wuxi, at the “2008 Vision States United States TV summit” on-site, home appliance chain Gome Group, the domestic market with more than 10 mainstream flat-panel TV production company signed a supply agreement for the Olympic year, the amount of up to 32.5 billion yuan contract. China Electronic Chamber of Commerce, the State Council Development Research Center, Institute of appliances discussion group the day before the market release of “2007-2008 China’s flat panel TV consumer White Paper” shows that with the Olympics in 2008 with the advent of color TV sales will be a “blowout”, flat-panel TV Paradise will be a country the United States and other large chain core sales channels, products, their share will be even more significant.

“Daily Economic News” yesterday, the U.S. learned of the country signed with the situation in flat display manufacturers, Samsung, Sony, Panasonic flat-panel three joint venture companies are signatories to the amount of 2.8 billion, 2.5 billion contract Sharp, TCL, Philips , Changhong, LG, Toshiba, Hisense, Skyworth, Konka and other companies contracted 2.0 billion. Gome said the new factory with the signing of the public TV agreement, Gome in the coming year will ensure that goods storage resources.

Group Executive Vice President Wang Jun States United States States, said yesterday that the Olympics will promote the rapid amplification TV market, the company established to separate the TV business, professional marketing agency, in the industrial chain and the formation of all aspects of cooperation. If and Konka, Hisense, Changhong, Amoi, Changhong and other brands to cooperate, for ODM products business. By underwriting customized products to meet consumer diversity, individual needs. Through the construction of modern logistics facilities, to enhance distribution efficiency and reduce the defective rate, and reduce distribution cost, improve supply chain value. In addition, the country will increase the United States and parts providers, brand manufacturers, consumers, service and other sectors to establish closer relations, reduce distribution and transaction costs.

It is understood that in preparation for Olympic business opportunities in Shanghai and Beijing Gome logistics centers have now been completed and put into operation, Guangdong, Northeast and Tianjin’s logistics center is also active preparations.

Survey data show that countries such as the United States Paradise TV appliance store’s overall sales growth has been far higher than the market growth rate over the same period. Among them, the TV market in 2006 grew 28% year on year growth of 55% of the country the United States, an increase of 27 percentage points higher than the market; in 2007 the market grew 40% year on year growth of 61% of the country the United States, an increase of 21 percentage points higher than the market; in 2008 with the with the arrival of the Olympic Games, TV sales in a “blowout” color TV market is expected to grow 35% year on year, while the country will be higher than the U.S. Paradise 75% increase over the previous year. Allegedly, with the introduction of the national high-definition standard, and the 2008 Olympic high-definition broadcast signals, flat panel TV will be the big chains such as Gome, Yongle core sales channels, products.

Country beauty said that since 2006, large-size LCD TV market, robust growth since the flat panel market, intensified competition, relying on LCD TV product line, in ascending the market has a higher recognition. However, the continuous expansion of market capacity, color TV, while plasma TVs are growing. Three quarters of this year, 32-inch plasma TV in the domestic markets, plasma TV from the mainstream to achieve a small size to large size of the full range of coverage. With the small size of the plasma TV technology gradually improved, plasma, LCD competition will become fiercer.

Further expand the share of flat-panel TV

GFK data show that the proportion of domestic CRT TV is gradually shrinking, has grown from 77% has decreased from 2004 to 2007 to 30%, while the flat panel TV from 10% in 2004 to 2007 of close to 70% estimated in 2008 the proportion of CRT and flat panel TVs for the 2:8, flat panel television will further expand market share.

This, Gome Group Wangjun Zhou said, as technology upgrades, cost, lower prices stimulated by multiple factors such as, flat panel TV on a secondary market to become mainstream. In 2005, CRT color TV in the country within the United States is a color TV sales accounted for 59% overall, while the first half of 2007, Gome Group’s accounting for sales of CRT TVs have plummeted 23%, replaced by flat-panel TVs and other home appliances chain in the States United States speed up, now, the National US-TV flat-panel TV sales were proportion has reached 77%, 58% compared to the year 2006, an increase of 19 percentage points, showed strong growth.