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China Local Brands Rank High in China TV Market

Published: Dec 31,2014

According to a newly released report from AVANTI, a Chinese consumer research division of TrendForce, that within the China market, Changhong, TCL and Hisense s possess an absolute geographical advantage in terms of brand image and visibility.

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AVANTI indicated that, when brands are not prompted when mentioned, China’s Top 6 brand’s Changhong and TCL rank Top 1 and 2 among China consumer’s brand awareness at 47% and 46%, respectively. Hisense and Haier share the 3rd place at 37%.

In terms of international brands, Samsung fares the best, with 36%, leading far ahead of other international brands. On the other hand, when brand names are prompted and mentioned, the brand visibility of China’s 6 major brands are all over 70%, while Samsung is the only international brand that reaches 71% of brand visibility.

It is notable that even though the local China brands are more familiar among the Chinese consumers, international brands such as Samsung, Sony and Sharp are all having higher ratings than the local China brands in terms of brand loyalty, satisfaction rate, attractiveness, assessment and willingness to recommend the brand.

The result has reflected the fact that international TV brands are currently superior to the China brands on competitiveness factors, including product quality, exterior design, brand awareness and service after purchase.

“China’s LCD TV market began its accelerated growth starting from 2009, and currently, it is close to saturation, forcing the China brands to actively expand its overseas market,” said KK Chang, Research Manager at WitsView.

However, in 2014, due to the tight supply for TV panels, the panel prices continued to rise, causing the brand TV product’s cost to climb. Except compressing the original profit margin, it also pushed China’s export brands on a halt.

“How to keep expanding overseas market under the domestic competitions will be a current challenge for China TV makers,” added Chang.

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