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 has been sustained in home audio and cinema.
It is anticipated that the demand for home video products will increase throughout the forecast period, as Australians seek to enhance their entertainment experience at home. This is also expected to have a positive impact on some segments within home audio and cinema.
In spite of the increasing demand for in-home entertainment by Australian consumers, the rising cost of living and a glum economic environment have made Australian consumers more cautious when making purchases. As a result, some manufacturers are offering soundbars at a more affordable price point in order to reach a wider consumer base.
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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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