France Consumer Electronics Report - Q1 2021

After spending contracted in 2020 at the height of the Covid-19 pandemic, we forecast a return to growth for France's consumer electronics market in 2021. There will be broad support from the rebound in consumer sentiment as a vaccine is deployed, as well as euro appreciation that lifts unit pr...

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Bibliographic Details
Published inFitch Solutions Country Industry Reports p. 1
Format Report
LanguageEnglish
Published London Fitch Solutions Group Limited 01.01.2021
Subjects
Appliances
Business forecasts
Consumer electronics
Electronics industry
Industry analysis
Industrywide conditions
Manufacturing
Market analysis
Statistical data
SWOT analysis
Vaccines
Europe
France
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ISSN2631-6781

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Summary:After spending contracted in 2020 at the height of the Covid-19 pandemic, we forecast a return to growth for France's consumer electronics market in 2021. There will be broad support from the rebound in consumer sentiment as a vaccine is deployed, as well as euro appreciation that lifts unit prices. The core scenario is however still subject to elevated uncertainty because of the potential for disruption by a second wave of infections in winter 2020-2021, or for the consumer recovery to be dampened by delays or deployment issues with a vaccine. Looking to 2021 and beyond, there are unknowns about the shape of the recovery because of the unique circumstances of the pandemic compared with a normal recession. Areas of uncertainty include long-lasting impacts on consumption and investment behaviours, as well as societal organisation, employment levels, incomes and consumer sentiment.
ISSN:2631-6781