Canon China camera market

Canon, the world?s biggest camera maker, is doubling the number of outlets and boosting its marketing workforce in the Asian nation to tap the company?s fastest-growing major market, Masaya Maeda, said in an interview Tuesday in Tokyo.

The company forecasts sales volume will rise 10 percent in China this year, while growth in developed nations will likely remain small, Maeda said. China accounted for about 15 percent of Canon?s camera sales in 2009, he said.

The value of digital camera exports in Asia excluding Japan more than doubled to 30.1 billion yen ($334 million) in January from a year earlier, overtaking Europe and North America to become the world?s biggest market, according to the Camera & Imaging Products Association. Worldwide shipments rose 59 percent, the Tokyo-based industry group said.

Canon was the market leader in China with a 28 percent share in 2008, while Sony Corp. ranked second and Samsung Electronics third, researcher CCID Consulting Co. said March 19 last year. Camera shipments to China will probably increase to about 12 million units in 2011 from 9.2 million in 2008, CCID said at the time.

Source : Konaxis

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

China Raises Mortgage Rates

China Raises Mortgage Rates(0)

China raised mortgage rates by 25 basis points on Sunday, the Ministry of Housing and Urban-Rural Development said, the second increase this year, after benchmark interest rates increased on Saturday, reported Sunday’s Reuters.

China to Boost Minimum Wage

China to Boost Minimum Wage(0)

China plans to increase its minimum wage by at least 20 percent annually in the next five years, more than doubling it by 2015, to increase spending power and consumption, the South China Morning Post said Monday, citing Huang Mengfu, a government adviser.

China Will Expand Cross-Border Yuan

China Will Expand Cross-Border Yuan(0)

China will allow more regions and companies to settle cross-border trade in the yuan and boost offshore usage of the currency, the central bank said Friday, reported Bloomberg.

Bain Converts Gome Electrical Bonds

Bain Converts Gome Electrical Bonds(0)

Bain Capital LLC converted its 1.59 billion yuan ($236 million) bondholding in Gome Electrical Appliances Holdings Ltd. into a 9.98 percent equity stake, gaining votes at a shareholders? meeting this month, reported Wednesday’s Bloomberg.

Limits on Foreign Investment

Limits on Foreign Investment(0)

China is currently in the process of revising its foreign investment catalogue to expand the number of sectors for which foreign investment is encouraged or permitted, a senior official said Monday, reported Reuters.

read more

Contacts and information

Social networks

Most popular categories

Real Time Analytics