Free Shipping on ALL Products
camera reviewsbest cameraslens reviewsphotography tipscamera forumvideo toursphotography bookssupport me
It is currently Sun Apr 20, 2014 2:07 am

All times are UTC




Post new topic Reply to topic  [ 6 posts ] 
Author Message
 Post subject: Canon BIG on China
PostPosted: Thu Jan 13, 2011 9:51 pm 
Offline

Joined: Wed May 14, 2008 4:07 am
Posts: 1012
Location: North of the 49th parallel
I though this was an interesting story about future market direction. Since most if not ALL of the “new” clientbase will be new to photography, does that mean that Canon is going to concentrate on the low-end and P&S cameras from here on.
_________________________
_____________

Canon Says China May Become Top Camera Market in 2015

(Update2)
March 09, 2010, 11:18 PM EST

By Mariko Yasu and Maki Shiraki
March 10 (Bloomberg) -- Canon Inc. expects China’s camera market to become the world’s largest as early as 2015, overtaking the U.S., its head of the business said.
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 yesterday in Tokyo. “The China market is very vibrant and will likely drive worldwide growth in the coming years,” he said.
The maker of the EOS and PowerShot models forecasts sales volume will rise 10 percent in China this year, while growth in developed nations will likely remain small, Maeda said without elaborating. Canon’s global camera sales will increase 6.6 percent to 25.7 million units in the 12 months ending Dec. 31, the company projected in January. China accounted for about 15 percent of Canon’s camera sales in 2009, he said.
“China is going to be a big opportunity for Canon as affluent people there favor Japanese products as status symbols,” said Tetsuya Wadaki, a Tokyo-based analyst at Nomura Holdings Inc. Suppliers including Nikon Corp. and Samsung Electronics Co. are also looking to expand there and competition will likely intensify, he said.

The U.S. is projected to be the largest camera market this year with 34.6 million units estimated to ship, according to researcher IDC. That’s 27 percent higher than the 27.3 million sets forecast to be delivered to countries in the Asia Pacific region including China, India, Hong Kong and Australia, IDC said in September. Shipments in Western Europe will probably be 28.5 million units in 2010, according to the researcher.
Asia Camera Shipments

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, which tracks data for 14 camera makers. Worldwide shipments rose 59 percent, the Tokyo-based industry group said.

Canon rose 0.9 percent to 4,000 yen as of 1:07 p.m. in Tokyo trading, extending its gain this year to 2.2 percent. The benchmark Nikkei 225 Stock Average declined 0.1 percent.
Canon was the market leader in China with a 28 percent share in 2008, while Sony Corp. ranked second and Samsung Electronics third, Beijing-based 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.
Canon boosted the number of employees at its Beijing-based marketing unit by 10 percent to 1,421 last year, Maeda said. The company plans to almost double the number of its servicing outlets in the country to 25 by the end of this year, he said.
“China will probably match the size of the U.S. and Europe in five to six years” after maintaining an annual growth rate of about 10 percent, Maeda said.
The average selling price of cameras will likely drop further this year by “several percentage points,” Maeda said. “We still have room to cut our expenses” to cope with the declining prices, he said.
The company, which posted its lowest profit in a decade last year, is forecasting net income will rise 52 percent to 200 billion yen in 2010 as the global economic recovery revives demand for cameras and office equipment.


Top
 Profile  
 
 Post subject:
PostPosted: Thu Jan 13, 2011 10:45 pm 
Offline
Moderator
User avatar

Joined: Sat Sep 30, 2006 4:30 pm
Posts: 9784
Location: UK
.
Well, if Taiwan can be seen as an indication of how the mainland Chinese market develops (no politics please) then the closing paragraph of this article won't make comfortable reading for Canon:
    Canon, which had taken 47.6 percent of market share in 2009, is expected to see the percentage drop to only 38 percent.
Canon surely know what they have to do to redress this. :evil:

Bob.

_________________
OM-D E-M1 + ED 12-40mm f/2.8, H-F007014E, M.ZUIKO DIGITAL 45mm 1:1.8, M.ZUIKO DIGITAL ED 75mm 1:1.8, L-RS014150E.
OM-D E-M5, H-PS14042E, Gitzo GT1541T, Arca-Swiss Z1 DP ball-head.
Astrophotography: TEC 140 'scope, FLI ML16803 camera, ASA DDM60 Pro mount.


Top
 Profile  
 
 Post subject:
PostPosted: Thu Jan 13, 2011 11:00 pm 
Offline

Joined: Tue Oct 26, 2010 8:22 pm
Posts: 483
Location: 1 AU from the nearest star
You're just hoping that for a Canon Mirrorless system which will take EF/EF-S lenses.

If you really want something to drool over, why not the 20-400? Though I'm asking if I had that lens, what if I wanted something longer? ...I wonder how well would take extenders.

Though getting back to the original topic, I wonder what Canon would do in order to pull away from everyone else.

_________________
Canon 5DIII, Rebel XTi/400D
Canon EF 16-35mm f/2.8L II, 24-105mm f/4L, 50mm f/1.4, 70-300mm f/4-5.6 DO, 85mm f/1.8
Sigma 150mm F2.8 EX Macro

Sigma 10-20mm f/4-5.6 EX, Canon EF-S 18-55mm f/3.5-5.6 II
Canon 430EX II
Opteka 13mm, 21mm, and 31mm extension tubes
Vivitar 50mm f/1.8 for OM System


Top
 Profile  
 
 Post subject:
PostPosted: Thu Jan 13, 2011 11:29 pm 
Offline

Joined: Sun Feb 22, 2009 5:06 am
Posts: 1976
canon needs to come up with a 200-400 F4. Amazed they havent to date. errrr sorry for getting off track

_________________
Canon 7D + 50D + EF 100-400mm f/4.5-5.6L IS USM + EF 24-105mm f/4L IS USM + EF 100mm f/2.8L Macro IS USM
Pelican // Black Rapid // Think Tank // Manfrotto // Garmin

Reflections On Canadian Wildlife
My Flickr


Top
 Profile  
 
 Post subject:
PostPosted: Fri Jan 14, 2011 1:04 am 
Offline
User avatar

Joined: Sun Dec 28, 2008 8:07 pm
Posts: 716
Location: Taiwan / Sweden / Scotland
Yay Taiwan!



Im half Taiwanese..... ye lets keep this none political ^^

_________________
http://www.AnderssonPhoto.com
Equipment: A blend of Canon, Nikon, Yashica, Leica, Voigtlander, Samyang and Sigma. All of which you can see on my website!
Wishlist: Leica M 240, Summilux 50 ASPH, Summilux 24 ASPH


Top
 Profile  
 
 Post subject:
PostPosted: Fri Jan 14, 2011 1:16 am 
Offline
Site Admin
User avatar

Joined: Tue Nov 08, 2005 3:32 pm
Posts: 9952
Location: Queenstown, New Zealand
I think a Chinese version of the site could be on the cards in the future...

And a mobile one in case you're wondering! Just got to find the time between reviews!


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 6 posts ] 

All times are UTC


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  

All words, images, videos and layout, copyright 2005-2012 Gordon Laing. May not be used without permission.
/ How we test / Best Cameras / Advertising / Camera reviews / Supporting Camera Labs

Webdesign by Alphabase IT
Powered by phpBB® Forum Software © phpBB Group