Consumerscope: Slow Growth Expected for 2013
While the economic landscape will remain rocky again in 2013, consumer tech remains well positioned compared to all other durable goods categories. In a variety of ways, the consumer tech sector in the U.S. is a maturing industry; the industry breached $200 billion in wholesale revenue in 2012.
But by some metrics, the industry is still in its infancy. Today, tech hardware sales represent about two percent of all consumer spending in the United States, and nearly 17 percent of all durable goods sales. Consumer tech is pushing into adjacent categories like health and fitness, and a myriad of services which provides ample room for these two figures to grow widely over the coming years.
Consumer technology is where it is today because of its resilience. Here’s to a resilient 2013. DS