FRANKFURT (Reuters) - More than 60 years after its debut, one of the
world's oldest consumer electronics fairs is venturing into new
territory this week by making room to showcase washers, dryers, stoves
and other household appliances.
At the IFA fair in Berlin -- where former German Chancellor Willy
Brandt turned on the world's first color TV in 1967 -- television sets
remain a major attraction but they may come built into a refrigerator.
Organizers of the fair say they are moving with the times as retail
chains selling electronics replace specialist retailers and companies
such as Philips, Samsung and LG no longer limit their products to
electronic entertainment.
"By integrating the electrical home appliances industry, we expect
consumer lifestyle products from both industries to become more
popular, and international trade visitors...to express even keener
interest," said Rainer Hecker, chairman of the GFU group that organizes
the IFA.
World demand for major households appliances -- so-called white
goods -- is set to grow 3.1 percent annually through 2011, according to
a study by U.S. market research firm The Freedonia Group.
Demand will be driven by consumers looking to replace broken
appliances and trade up for newer models like more energy efficient
types, the study said.
But developers are also trying to use technology to make domestic
appliances even more useful, such as a dryer that includes an ironing
function or a washing machine that can be turned on via the Internet.
"Among the 10 most important electrical devices for everyday use,
five belong to consumer electronics and the other five belong to
domestic appliances," said Christian Goeke, chief operating officer of
Berlin Fair.
Popular among German consumers are hot beverage makers such as
espresso machines which have seen double-digit growth in the first half
of 2008, as did curling irons and styling wands, market research group
GfK said.
The Euro 2008 soccer championships drove up second-quarter sales in
Germany of LCD TVs to 2.3 billion euros and GfK predicts the upward
trend will continue.
Global revenue for LCD TVs will grow nearly 28 percent this year,
resulting in more than 100 million units sold worldwide, GfK said.
Worldwide revenue for consumer electronics is expected to grow
nearly 10 percent this year, hitting the $700 billion mark by 2009,
according to data from the Consumer Electronics Association (CEA) and
the GfK Group.
IFA opens to the public on August 29 and runs until Sept 3.
(By Nicola Leske)
© Thomson Reuters 2008. All rights reserved.
Users may download and print extracts of content from this website for
their own personal and non-commercial use only. Republication or
redistribution of Thomson Reuters content, including by framing or
similar means, is expressly prohibited without the prior written
consent of Thomson Reuters. Thomson Reuters and its logo are registered
trademarks or trademarks of the Thomson Reuters group of companies
around the world.