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The 2006 World Cup in Germany, reliability, aging society, self-enrichment and innovative design.... Reliability, experience to
The 2006 World Cup in Germany, reliability, aging society, self-enrichment and innovative design. These are some of the keywords expected to shape the list of top 10 hit items for 2006, according to a recent report released by LG Economic Research Institute.
According to the think tank's "2006 Hit Items Forecast" report, the World Cup in Germany is expected to raise demand for bigger and better TV screens, placing plasma display panel TVs and liquid crystal display TVs at the top of the list. The current declining price trend is also expected to fuel demand, the report said.
Expansive marketing of cultural and travel products related to Germany is also expected. This would include marketing of German sausages and beer.
The LGERI report predicts that consumers will seek for more trustworthy and reliable products. Amid a society growing more competitive and chaotic, the report highlighted that consumers would focus more on products that are safe and authentic. This category would also include agricultural goods.
Antibiotics and other health-related items placed No. 4 on the forecast list. With the bird influenza scare and other health fears capturing global headlines, the report predicts that products to help protect against viruses will rise in popularity.
Korea, as one of the world's fastest aging societies, is expected to raise demand for health and beauty products for those aged over 60 years. This includes cosmetic surgery for looking younger and items to help enhance their sex lives.
The need for enriching one's experience is expected to increase the need for outdoor activities. As a result, consumers could expect even the everyday venues like discount stores, shopping centers and bars to continue to provide better "experience-oriented" services. The report highlighted home furniture and furnishing chain IKEA as an ideal example because it provides showrooms and places to dine and relax.
Innovative design will also determine product popularity. Electronics companies, for instance, are expected to focus on providing small and fashionable digital electronics items that include cell phones, MP3 players and PDA devices.
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