Consumer Durables- Sony ultra hd tv(1)
-
Upload
jasvinder-notra -
Category
Marketing
-
view
459 -
download
4
description
Transcript of Consumer Durables- Sony ultra hd tv(1)
![Page 1: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/1.jpg)
CONSUMER DURABLES
Group MembersJasvinder Notra – 115
Karan Oshan – 116Rahul Pandey – 117Nikhil Pandit – 118
Hemika Parekh – 119Rahul Parui – 120Sahil Jhaveri - 66
![Page 2: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/2.jpg)
SITUATION ANALYSIS
![Page 3: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/3.jpg)
Consumer Durables
• Products purchased for long-term use• Few items in every household• Divided into the following 3 parts:
White goods Brown goods Consumer electronics· Air conditioners· Refrigerators· Washing Machines· Sewing Machines· Watches and clocks· Cleaning equipment· Other domestic appliances
· Microwave Ovens· Cooking Range· Chimneys· Mixers· Grinders· Electronic fans· Irons
· TVs· Audio and video systems· Electronic accessories· PCs· Mobile phones· Digital cameras· DVDs· Camcoders
![Page 4: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/4.jpg)
Problems and Challenges• Forecasting rate of product
development• Adoption rate of new product• Imitators (Word of mouth)• Increasingly expensive raw
materials• Low margin – high volume
business• Competition• Changes in psychographic and
demographic profile of the consumer
![Page 5: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/5.jpg)
Contribution to GDP
• Continued economic growth demonstrated through 8.4% CAGR growth in GDP over last 5 years.• Favorable demographics ;64% of
the population in working age category
![Page 6: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/6.jpg)
Trends
![Page 7: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/7.jpg)
More about the Industry
• Major Players:Samsung, Whirlpool, LG, Godrej, Sony, Hitachi
• Market SizeConsumer Durables
Market Size (2012)
Mn units (2013E)
Growth (%)
Flat Panel TV 2.8 4.5 61
Refrigerator 9.0 12.0 33
Washing Machines
5.0 6.0 20
Air Conditioners 3.4 4.4 29
Microwave 1.0 1.5 44
![Page 8: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/8.jpg)
Market Share by Segments
![Page 9: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/9.jpg)
PEST
![Page 10: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/10.jpg)
Political Factors
• 36.05 % duty on import of high-end TV sets• Duty on consumer durables cut from 12% to
10 % in interim budget 2014
![Page 11: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/11.jpg)
Economic Factors
• Growth of retail sector• Economic reforms by government –
higher purchasing power• Indian income to grow 3 fold in
coming 2 decades• Easy financial schemes to consumer• Emergence of organized retail
market
![Page 12: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/12.jpg)
Social Factors
• Luxury is now necessity• Brand Image tarnished due to Security Attack• Expensive compared to local brands
![Page 13: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/13.jpg)
Technological Factors
• Power efficient• Higher quality products• Technological advancements• Corp culture for investing in R&D
![Page 14: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/14.jpg)
Marketing analysis
![Page 15: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/15.jpg)
• Sony Corporation, Japan based• Operations in India Est. November 1994• Sony's turnover touched Rs 8,200 crore during the last
fiscal• Targeting a sales turnover of Rs 11,000 crore
nationally this fiscal• The company is aiming the number one position in
Flat panel TV market• 41,000 units sales of BRAVIA during the festival
period (Onam in Kerela), a 40% growth
![Page 16: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/16.jpg)
Our Product
![Page 17: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/17.jpg)
STPD Analysis
• Magnetic fluid Speaker• True Luminos Display• SimulView technology• Sony Entertainment
NetworkPlayMemories Studio
• Never Experienced• Experience Perfection• Brand Image
• Age Group • Upper middle
classes and upper class
• Income - Upper middle & upper class
• Geographical - Metro Cities & A tire
• Behavioural – People interested in new tech
• Physiographic – Social Class S T
DP
![Page 18: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/18.jpg)
![Page 19: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/19.jpg)
Product
• 55” and 65” available in all stores• 84” available on order• Best ever quality picture• Magnetic fluid speaker • Wi fi • Internet connectivity service
![Page 20: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/20.jpg)
Pricing
• Penetrative Pricing
Sony Samsung LG
55” 3,15,000 3,30,000 3,30,000
65” 4,15,000 4,40,000 4,50,000
84” 17,00,000 28,00,000 17,00,000
![Page 21: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/21.jpg)
Place
Distribution network 7000 channel partners 215 Sony World and Sony Exclusive outlets 21 direct branch locations 21 company owned, 172 authorized service
centers For UAE jumbo electronic
![Page 22: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/22.jpg)
Promotion
• Network, email and advertisement.• Never Experienced• Experience Perfection• 4k movies and 4k galleries with TV• Advertisement
![Page 23: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/23.jpg)
![Page 24: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/24.jpg)
Strength
![Page 25: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/25.jpg)
Weakness
• High prices compared to local players• Not much visible change compared to 1k• Limited content available• Network infrastructure availability
![Page 26: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/26.jpg)
SWOT AnalysisOpportunities
• Increase in spending power• Duty on consumer durables decreased • Import duty on LEDs increased
![Page 27: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/27.jpg)
SWOT AnalysisThreats
• Launch of Indian Brands in 4k Segment (Videocon)
• Panasonic entering the market• Launch 8k televisions ( Samsung & Sharp)• Fear of technological advancements• Convincing consumers
![Page 28: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/28.jpg)
Competition Analysis
• LG and Samsung available at high prices and less features compared to Sony.
• Videocon 4k led TV recently launched but not available.
• Panasonic planning to launch in India
![Page 29: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/29.jpg)
![Page 30: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/30.jpg)
Competition Analysis
• Sony remains no 1 but still Samsung and other Chinese brands are coming up.
• Not many people prefer Sony and Samsung which are too costly .Some Chinese brands which have grown up.
2nd quarter 2013 4th quarter 2013
Sony 42.4% 18.2%
Samsung 3.8% 14.9%
Skyworth 13.9%
Chang Hong 11.4%
Hisine 10.5%
![Page 31: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/31.jpg)
Direct Competition
4k Projectors
8 k TV
![Page 32: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/32.jpg)
Indirect Competition
• Google Glass• Laptop• Curved LED
![Page 33: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/33.jpg)
Suggestions
• Similar products with less features, hence less range
• Advertising campaigns with Star Sports, ESPN, Ten Sports, HBO, AXN Sports in theatre effect
• Target Hotels and Corporate houses• Tie up with upcoming 4g providers like Airtel
and Reliance
![Page 34: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/34.jpg)
Suggestions (cont)
• Come up with HDMI 2.0 output• “Mastered in 4K” Blu-rays CD should have
resolution in 4K (and not just Full HD)• 4k Gaming content unavailability• Upscale DTH content to 4K
![Page 35: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/35.jpg)
![Page 36: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/36.jpg)
![Page 37: Consumer Durables- Sony ultra hd tv(1)](https://reader033.fdocuments.net/reader033/viewer/2022061206/54825b8eb079591a0c8b476c/html5/thumbnails/37.jpg)