market-entry-mobile-and-tablet-accessories-market-in-poland
Published

November 2016

Market Entry - Mobile and Tablet Accessories Market in Poland: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

Mobile and Tablets industry are one of the fast growing sector in India and accounted for 6.1 percent of India’s GDP in 2014 .Increasing macro-economic imbalances and improving economic condition in the western countries led to huge shift in investments, away from the country. But in the year 2014, various initiatives taken by the government towards reduction in the current account deficit and various economic reforms has led to rise investment inflow in the developing counties including India, thereby improving the economic growth of the country. Social networking and development of various applications in almost every sector have marked a huge shift and robust demand in the market and thereby led to digitalized culture. Declining device prices, growing online retail market and the millennial populations are contributing to the growth to a large extent. Apple ,Samsung ,Lenovo are some of the key players in the market.

About the Geography

Poland is an eastern European country bordered by Germany and is a part of the E.U. and NATO. It is a parliamentary republic, which gained independence from the Russian empire in 1918.The government of Poland is politically stable and a pro-business. Poland is the largest beneficiary of EU funds and was ranked as the 20th largest recipient of FDI internationally in the World Investment Report, 2015, by UNCTAD.

Poland has been aggressively working on its infrastructure and has the largest consumer market in the newly joined EU countries. It has had a stable economy with current GDP growth rate around 3.5%. The Polish parliament passed laws in 2002, which aided in investment in SEZs and access to the European Union structural funds. The government has taken several measures to ease the process of setting up a business and incentivized companies to invest in Poland. In July 2011, the Act Limiting Administrative Barriers for Citizens and Businesses went into effect, introducing a series of measures designed to diminish the burden of Poland's state bureaucracy. Since 2012, a company can be registered as a limited liability company within 24 hours. SEZs benefit from income tax and real estate tax exemption. In addition, in the case of hiring in regions with high levels of unemployment, companies can benefit from tax reductions. It also follows the EU laws related to copyright and intellectual property.

Corruption has significantly reduced in recent years through a combination of law enforcement action and political will. 

Poland follows EU’s trade regulations and with its huge workforce and its proximity to major economic powers like the UK, Germany, and France, it has the potential to be the ideal investment hub in Europe.

Component Name

Unit

GDP (USD billion)

475

GDP Annual Growth Rate

3.1

GDP Per Capita

14581

Employment Rate

63.7

Wages

1035.41

Inflation Rate

-0.5

Consumer Price Index (CPI)

168

Interest Rate

1.5

Balance of Trade (USD million)

-345.14

Business Confidence

3.3

Manufacturing PMI (Index Points)

52.2 Index Points

Ease of Doing Business

25

Competitiveness Rank

36

Corruption Rank

30

Consumer Confidence

-2.4

Consumer Spending (USD billion)

68.196

Corporate Tax Rate

19

Sales Tax Rate

23

 

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

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