Electronics molding is on the rebound. (Your Business Outlook).* Shipments of electronic devices should recover in early 2003 and could exceed this year's totals by up to 10%. Based on interviews with injection molders of electronics parts, Mastio & Company's latest North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Injection Molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. Market Study forecasts average annual growth of 7% through 2006. Resin consumption will have grown to 785 million lb from 556 million lb in 2001. The electronics marketplace divides into three end-use categories: computers and business machines, consumer electronics, and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . The computer and business-machine segment represents approximately 42% of the injection molded electronics market, in terms of resin poundage POUNDAGE, practice. The amount allowed to the sheriff, or other officer, for commissions on, the money made by virtue of an execution. This allowance varies in different states, and to different officers. . Consumer electronics, such as audio and video equipment, constitutes another 37%, and telecommunications represents the remaining 21%. Last year saw a sudden decline in electronic shipments. Wireless phones, for example, dropped by about 300,000 units, and 2002 appears fairly flat. Shipments of desktop computers could be down as much as 1 million units. Because of tremendous pressure for cost reduction, electronics production has shifted from the U.S. to low-labor-cost areas such as Mexico and China. Also, electronics firms have reduced capital expenditures for developing new products. Computers hum The computer and business-machine market offers molders the greatest opportunity, with a projected growth rate of almost 8%/yr to 2006. Molders in this market believe the PC segment is leveling off and will pick up in 2003. However, a closer look shows variability among product groups. Desktop computers are still projected to be down by almost 1 million units in 2002 from 34 million sold domestically in 2001, while laptops are forecasted to grow 10% from last year. PC shipments are projected to be 40% higher by 2006, for 8% annual growth. On the other hand, Mastio is forecasting marginal domestic growth for printers and copiers. As mentioned above, many computer and business-machine processors have shifted molding and assembly to Mexico and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Pagers and PDAs surge The telecommunications market segment is poised for growth. The product life of cell phones is shrinking from 32 to 18 months, and molders believe it will shrink even further. Annual consumption of cell phones could increase by 70 million units by 2006. Personal communication gadgets are the fastest growing injection molded telecommunications product. These include PDAs, wireless products, and pagers--especially "Blackberry blackberry, name for several species of thorny plants of the genus Rubus of the family Rosaceae (rose family). See bramble. blackberry "-type large, deluxe de·luxe also de luxe adj. Particularly elegant and luxurious; sumptuous: deluxe accommodations; a de luxe automobile. adv. pagers used to read e-mail. Although North American consumption of such devices benefits primarily international molders, domestic processors should expect to see average growth in consumption of 6.5%/yr through 2006. Exodus of TV producers Virtually all consumer electronics are imported, with the exception of televisions. Some 95% of all radios are made in China, Taiwan, and South Korea. Almost all cameras and camcorders are imported from Japan, and most VCRs are made in Pacific Rim countries. Sales of these products is projected to grow; the fastest growing injection molded consumer-electronics product is the DVD player A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. . Over 50% of TVs are made outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . There are only two TV manufacturers remaining in the U.S. One processor noted there will be 100,000 fewer TVs produced in North America this year than in 2001. Even Mexican manufacturers of 13- and 19-in. sets are moving production to China. Digital and projection TVs See rear-projection TV and front-projection TV. have the most potential for growth. Overall, the consumer audio/video electronics segment is forecasted to grow 6%/yr to 2006. INJECTION MOLDED ELECTRONICS Telecommunications 21% Consumer Audio/Video 37% Computers & Business Machines 42% Note: Table made from pie chart INJECTION MOLDED ELECTRONICS 2001-2006 Computers & Business Machines 8 Telecommunications 6.5 Consumer Audio/Video 6 Note: Table made from bar graph Mastio & Company, based in St. Joseph, Mo., is a well-known consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in industrial-consumer opinion research and market trends in the plastics industry. For more information, call (816) 364-6200 or visit www.mastio.com/pt/outlook.html. |
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