San Diego - Consumer spending on electronics gifts this
holiday will reach an all-time high, according to the Consumer Electronics
Association's (CEA) "18
th Annual CE Holiday Purchase Patterns Study,"
released today.
The survey shows that overall spending this holiday will
increase as well. The study was released today at the CEA's Industry Forum in
San Diego, its four-day conference being held here.
Consumer electronics are once again among the most desired
gifts this holiday season and will account for one-third of all holiday gift
spending, according to the CEA. Consumers plan to spend on average $243 on
electronics gifts, an increase of 6 percent from last year and the highest
level since the CEA began tracking holiday spending.
Overall gift spending
will also increase. Consumers plan to spend on average $769 on gifts this year,
two percent higher than last year. The CEA expects holiday retail sales to
increase 2.5 percent this year.
"Consumer electronics continue to play a leading role in
holiday shopping, with consumer tech clearly being a go-to category for holiday
gift spending," said Shawn DuBravac, CEA chief economist and research director.
"After months of depressed consumer confidence, individuals are indicating they
plan to spend this holiday and are looking for technology, as more adults will
buy consumer electronics as a gift this year as compared to last year."
Computing products will lead the way this holiday season.
Tablet computers trail only clothes as the most wanted gifts overall. Notebook
computers are also high on the list, along with peace/happiness and money. When
it comes to electronics, behind tablets and laptops are TVs (any type), e-readers
and video game consoles as the most wanted CE gifts.
Electronics
accessories and gift cards will also be popular this holiday. Four out of five
adults plan to give a gift card this year, up 8 percent from last year, many of
them for digital content and services. One in four consumers plans to give a
gift card that can be used for digital music purchases, one in five for
electronic book purchases, and 16 percent for app purchases.
"It is going to be a
computing holiday season, with tablets looking to be the runaway success
story," DuBravac said.
"New, innovative
product categories like tablets and e-readers, combined with consistent
favorites like notebook computers, video game consoles and televisions, will
make this a digital holiday season. But the economic landscape will have
consumers searching for value, hunting for these technologies at attractive
prices."
Price will be the
most important factor as consumers decide where to buy their CE gifts. The ease
of making a purchase and return policies also will be important purchasing
factors.
Two-thirds of
consumers will compare the price for electronics online before making a
purchase. However, consumers plan to buy CE gifts at mass merchants and
electronics stores before they go online or to warehouse clubs.
The "18th Annual CE Holiday Purchase Pattern
Study" was conducted in September. It was designed and formulated by CEA
Market Research.
The complete report
is available free to CEA member companies at
http://members.ce.org. Non-members may purchase the report for
$699 at the
CEA Store.
The CEA has also released the
results of its "8
th Annual Teen CE Holiday Purchase Patterns Study,"
which examines CE wish lists, gifting intentions and holiday shopping patterns
among teens ages 12 to 17. The report
is available free to CEA member companies at
http://members.ce.org. Non-members may purchase
the report for $699 at the
CEA
Store.
Abstract Web:
San Diego - Consumer spending on electronics gifts this holiday will reach an all-time high, according to the Consumer Electronics Association's (CEA) "18th Annual CE Holiday Purchase Patterns Study," released today.