Digital media player docks, hi-fi systems and speakers are all expected to register declining volume sales over the forecast period, as consumers drop outmoded docking devices and bookshelf and standalone speakers for increasingly affordable wireless speakers. Consumers are building out their home cinema and audio systems with soundbars and adding connected wireless speakers to create an immersive sound experience.
Consumer interest in and demand for vinyl music and, correspondingly, record players, are not expected to slow down in the forecast period. Consumers are spoiled with a variety of options at different price points with almost endless customisation opportunities for both system design and style.
Soundbars and soundbar wireless speaker bundles are projected to grow in popularity during the forecast period, while home theatre in box systems that consist of a DVD player, amplifier, and speakers are expected to see sales decline. Companies continue to invest in innovations in soundbar audio technology to improve quality and amplification, engineer a thinner, lighter, and sleeker design, and improve connectivity between speakers and other devices.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Canada 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 Canada, 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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