Home audio and cinema is projected to continue declining in retail volume terms over the forecast period but there is still seen to be some sales potential in specific areas of the category. For instance, despite the growing number of new televisions with built-in soundbars these products are still seen to have some room to grow.
A change in consumer perception regarding the importance of investing in quality music experiences rather than throwaway products is resulting in a shift in consumer preference to high-quality and durable products. As a result, the premiumisation trend could be sustained in home audio and cinema and offer some hope for value growth providing consumers remain willing and able to pay a premium for a superior music experience.
While vinyl players and soundbars offer some reason for hope it is expected that overall sales of home audio and cinema will decline over the forecast period in retail volume terms. Products such as Hi-Fi systems, speakers and digital media player docks will gradually become superfluous and disappear from retailers’ shelves.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Audio and Cinema industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Audio and Cinema
Home audio and cinema consist of Audio Separates, Home Cinema & Speaker Systems, Hi-Fi Systems and Other Home Audio & Cinema.See All of Our Definitions
This report originates from Passport, our Home Audio and Cinema research and analysis database.
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