Until now, the U.S. accessories market has operated without a comprehensive, ongoing source of market information. Industry leaders have been challenged to reliably track category market size, measure brand share, or get a clear view of the competitive landscape. That’s about to change.
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Youth electronics and infant toys sparked European consumers’ interest in 2006, ranking high in sales performance across Europe. This was just one finding of a recent NPD study of the European toys market that compared 2006 performance to 2005 results.
The niche of people using these services is still small, but the companies are eyeing an ever-growing population of cell phone users who are becoming increasingly accustomed to accessing the Internet on their phones. In a December survey by the NPD Group, a Port Washington market-research firm, 40 percent of subscribers had some form of data plan, and of those browsing the Internet on their cell phones, 75 percent visited either eBay or Amazon.com.
Computer Industry Sits at Critical CrossroadsCurrent prices are significantly lower. The average price of a desktop is now about $635, down from $807 five years ago, says tech analyst Stephen Baker at researcher NPD. Laptops also have fallen, to $948 from $1,496, he says.
Leather in Liftoff LandShoe prices, for instance, have risen by more than 10 percent since 2004, according to the NPD Group. Likewise, handbag makers said consumers are showing little resistance to price increases, as long as the merchandise contains additional embellishments like brass hardware.
According to The NPD Group, a leading consumer and retail information company, 2006 offered the music industry positive and negative news. The recording industry registered solid growth of digital music sales from services like iTunes, but they continue to fight against serious challenges from music piracy in the form of peer-to-peer (P2P) file sharing.
“Legal a la carte downloads were the fastest growing digital music category in 2006, and it is likely that the annual number of legal users will surpass P2P users in 2007,” said Russ Crupnick, vice president and entertainment industry analyst for The NPD Group. “Unfortunately for music labels, the volume of music files purchased legally is swamped by the sheer volume of files being traded illegally, whether on P2P or burned CDs sourced from borrowed files.”
NPD Report Shows Consumers Willing to Spend for High-End Single Serve Coffee Makers Imagination to Drive Imaging Dollars in 2007, According to The NPD Group