Refrigerator
Advertising Chills over the Years on Print Medium, While Q1
of 2004 Shows a Ray of Hope: An AdEx India Analysis
May 14, 04 |
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Nowadays, the markets of Durable and Household
products offer a wide product range. May it be better clarity,
Flat screen Television sets; Microwaves, which facilitate
better and faster cooking; Small yet powerful Air Conditioners
or Refrigerators keeping the food fresh for a longer period.
We at AdEx India have observed the trend of the Refrigerator
category from over the last three years on Print Advertising.
It is quiet amazing to see this trend cooling off over the
years.
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For the Above graph, the spends on Print,
for the various years have been indexed to those of the year
2000. Even though AdEx India has expanded its monitoring base,
the advertising trend of the refrigerator amazingly falls
down over the three years by around 35 %. One of the reasons
for this downfall could be, that before three to four years,
Refrigerators were considered a luxury item. However over
the passing years it has become a thing of necessity rather
than luxury.
Another Analysis done on the seasonality of this category
is also interesting.
The graph below shows us a clearer picture.
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The similar trends exhibited for each year
in the graph instantly confirms that advertising in this category
is quite seasonal in nature. The advertisers naturally put
in most of their advertising budget during the summer quarter
when the Sun is shining brightest. However the trend tends
to rise just a wee bit at the end of the year in the fourth
quarter as festivals rule the heart of the consumers. Except
for the year 2000, the Spends on the refrigerator category
in Print is on a downside across the next two years. But this
fall is overcome by a huge amount of Spends on the Print Medium
by the advertisers in the First quarter of the year 2004.
There is an amazing growth in this quarter as it almost catches
up with that of the peak of advertising for the year 2003.
The trend of the first quarter promises a potential peaking
of advertising in the second quarter, which is by far the
strongest quarter of refrigerator advertising.
Let's now take a look at the Brand and Sales Promotions in
this category in 2003.
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As we can see from the above graph, 63% of
Refrigerator Advertising on Print is Sales Promotional in
nature. Advertisers lure the customers by using Contest promotion
and Exchange Promotion as bait on an equal basis (20%). Multiple
promotion themes too do not lag far behind (16%). This in
a way indicates that this household category has to be combined
with various promotions to make it more attractable.
Keep watching this space for more.
(Analysis from AdEx India- A Division of TAM Media
Research)
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