After five consecutive years of significant retail volume decline in the review period, in the forecast period home audio and cinema is expected to see a continued, although slowing, decline from an already low base. Sales are also expected to fall in current value terms, although at a slower rate due to price rises and premiumisation.
Although the digitalisation of music is strongly progressing, the analogue side of music has been re-evaluated and is also gaining popularity. This trend is supported not only by those who used to enjoy vinyl records and vinyl players, but also by younger generations, who are completely new to analogue music.
It is expected that price discounts and promotional activity will be used as strategies to stimulate sales of more competitive products, such as sound bars, which could still present the opportunity for greater penetration and growth. However, most products within home audio and cinema are set to continue to decline, and retailers are therefore expected to continue to reduce the shelf space available for such products.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Chile 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 Chile, 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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