The Recycler
  • Static Control June 2022 Masthead Ad
  • Ninestar Web banner ESG July 2022
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Katun March Web Advert 2021
  • Biuromax Web banner June 2022

Canon foresees India overtaking China

Canon foresees India overtaking China

November 15, 2018

India’s capital, New Delhi.

The OEM has stated that it expects the Indian market to become the top performer in Asia by 2025, knocking China off top spot.

Business Standard reports that Canon is predicating double-digit growth on the subcontinent, within a sales turnover of $10 billion (€8.84 billion)s from its Asia marketing group in the next seven years.

This growth would see Asia overtake other regions, such as Japan, America, and Europe, according to the OEM. Other markets within the Asia region include those of Singapore, Korea, Malaysia, Indonesia, Thailand, Taiwan, Vietnam, and the Philippines.

In 2017, Canon India reported a sales growth of 11 percent, and is “aiming for a double-digit growth in 2018 as well,” according to Kazutada Kobayashi, President and CEO of the OEM’s Indian subsidiary. “For India, we have a 50 per cent contribution from B2B and B2C,” he added.

Hideki Ozawa, Canon’s Executive Vice President, said: “With Canon India continuing to grow at a double digit growth, we foresee Canon India becoming the number one contributor for CAMG (Canon Asia Marketing Group) by 2025.” CAMG presently contributes 25 percent of the OEM’s overall revenue.

 “Currently, China and India are the top performing markets for us in Canon Asia Marketing Group. Canon China is the leader, with India at the number two spot,” Ozawa, who also serves as the President of CAMG and President and CEO of Canon China, continued.

 

Categories : City News

Tags : Business Canon Canon India China India OEM

  • IR Italiana Web ad January 2021
  • GPI July 2022 Web Banner
  • Static Control June 2022 Big & Bold Ad
  • Apex UStation web banner
  • Mito July 2022 Web banner
  • GM Technology July 2022 Web banner
  • Aster July 2022 Web banner
  • CET June 2022 Web ad
  • HYB Web banner
  • CTS New Ad March 2022
  • Zhono web ad May 2022
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • ITP Web ad January 2021
  • Zhono web ad May 2022
  • CTS New Ad March 2022
  • HYB Web banner
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • HYB Web banner
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • ITP Web ad January 2021
  • Zhono web ad May 2022

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021