According to 2014 sales data from The NPD Group, a market information and business solutions provider, Jasco’s GE branded products were ranked as the number one market share leader in either dollars or units or both in seven consumer electronic categories. This is the second year in a row for Jasco to lead in the surge protection business in revenue. In addition, GE branded surge protectors have grown in dollars sold for two consecutive years. Jasco’s GE branded products have grown in market share in 2014, ending another successful year for these product categories. According to The NPD Group, GE branded products rank #1 in dollars and units in the following categories from January 2014 to December 2014*:
• HDMI Cables
• Surge Protection
• Component Video
• Digital Optical Audio Cables
• Composite Cables
• RF Coaxial Cables
• Speaker Cables (#1 in dollars only)
GE branded remotes were positioned in the top three brands for units and dollars. The NPD data also showed solid growth since 2012 in the cable business for GE branded digital optical cables. GE branded products have maintained the top position for HDMI AV cables and continue to grow at a fast pace with a growth average of 15 percent over the past three years. GE branded products hold 33 percent dollar share and 46 percent unit share for component cables as well as 33 million dollar share of the total 55 million dollar category for RF coax cables in 2014.
“New technology and innovation has helped us establish a competitive advantage that led to accelerated growth and the opportunity to commandeer these key markets of our business,” said Cameron Trice, CEO, Jasco Products Company. “The NPD Group’s rankings are a reflection of our commitment to developing on-trend products and our ability to rapidly respond and match product solutions to consumers needs. Our growing success and share leader position is a great indicator of our promising future in these key segments as well as other categories we continue to advance in.”
Jasco’s growth in these categories is fueled by their continued focus on superior quality construction, modern design and affordable products that provide simple innovative solutions to enhance people’s everyday lives. Trice sees potential for lasting growth and success in these categories as they carry on with their commitment to providing innovative solutions by reinventing product categories and providing consumer products by a brand people trust.
For more information on Jasco’s leading GE branded products, visit www.jascoproducts.com or see them on display at booth 4515 at the National Hardware Show May 5-7, 2015.
*Source: The NPD Group/Retail Tracking Service
At Jasco, we design and develop products to simplify your life and connect your home. As a GE licensee, Jasco provides one of the most comprehensive product offerings in home automation, lighting, home entertainment, power and mobility products. While providing our retail partners full and far-reaching product assortments, we use our commitment to design, research and development to bring to market a steady flow of product innovations that energize and invigorate the home and mobile solution landscape. For more information, please visit www.byjasco.com.
GE is a trademark of General Electric Company and under license to Jasco Products Company LLC, 10 E. Memorial Rd., Oklahoma City, OK 73114.
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