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Country Report

Home Audio and Cinema in

Home Audio and Cinema in Colombia

14 pages, Aug 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Hi-fi systems and digital media player docks face challenges due to portability

Apart from hi-fi systems and other home audio and cinema, subcategories within home audio and cinema have become a niche for audio enthusiasts. Portability and wireless integration are some of the major trends that are reshaping home audio and cinema.

Old technology revival enjoys growth

Most products included in the audio separates subcategory are mature, with a very long replacement cycle, to the point consumers perceive them as obsolete. Manufacturers are focusing on the revival of the record player by combining the best of old and new; record players, offering a sleekly-designed turntable that also includes built-in speakers and wireless Bluetooth connection, can be found in main retailers.

Audio adapts to modern surroundings

Speakers and soundbars are the only areas within this category that experienced growth over the review period. Modern apartments are characterised by small living spaces and consumers are driven by a high-quality audio experience without the equipment taking up much space bringing both functionality and elegance to the modern living room.

COMPETITIVE LANDSCAPE

International companies lead audio and home cinema

International players LG, Panasonic and Sony hold many of the leading positions in home audio and cinema in 2018. LG maintained its strong positions due to its wide product portfolio, in different sizes and with different power levels such as micro to mini hi-fi systems, and well-developed distribution network, which have enabled it to target consumers from diverse socioeconomic groups throughout the country.

New player brings dynamism

Sonos, the wireless speaker manufacturer, has entered Colombia in 2018 with the help of Technoimport, a well-known local company that provides and installs atomisation systems in homes. The introduction of Sonos is expected to increase the dynamism of speakers as one of the main targets has been to promote Sonos multi-room systems and accessories.

Room for growth for private label

As currency fluctuations remain a significant issue within home audio and cinema, over the review period private label brands claimed significant share by offering more affordable unit prices than mainstream brands. National brand companies will continue to focus on higher volume subcategories such as speakers and hi-fi systems.

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Samples

Home Audio and Cinema Sample Report Home Audio and Cinema Sample Data

Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Home Audio and Cinema industry in Colombia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Home Audio and Cinema industry in Colombia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Home Audio and Cinema in Colombia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Home Audio and Cinema in Colombia?
What are the major brands in Colombia?
What is the growth rate for Home Cinema and Speaker Systems?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Consumer Electronics market research database.

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Home Audio and Cinema in Colombia - Category analysis

HEADLINES

PROSPECTS

Hi-fi systems and digital media player docks face challenges due to portability

Old technology revival enjoys growth

Audio adapts to modern surroundings

COMPETITIVE LANDSCAPE

International companies lead audio and home cinema

New player brings dynamism

Room for growth for private label

CATEGORY DATA

Table 1 Sales of Home Audio and Cinema by Category: Volume 2013-2018
Table 2 Sales of Home Audio and Cinema by Category: Value 2013-2018
Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2013-2018
Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2013-2018
Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2014-2018
Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2015-2018
Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2013-2018
Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2018-2023
Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2018-2023
Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2018-2023
Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2018-2023

Consumer Electronics in Colombia - Industry Overview

EXECUTIVE SUMMARY

Colombian economy shows sign of recovery after three difficult years

Government and private investment to increase connectivity and volume

Internet retailing on a growing path

Credit cards support consumer electronics purchases

Multifunctionality, content and design are trending factors over the forecast period

MARKET DATA

Table 12 Sales of Consumer Electronics by Category: Volume 2013-2018
Table 13 Sales of Consumer Electronics by Category: Value 2013-2018
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2013-2018
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2013-2018
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2014-2018
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2015-2018
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2013-2018
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2018-2023
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2018-2023
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2018-2023
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2018-2023

Megatrends

Country Report

Home Audio and Cinema in Colombia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Hi-fi systems and digital media player docks face challenges due to portability

Old technology revival enjoys growth

Audio adapts to modern surroundings

COMPETITIVE LANDSCAPE

International companies lead audio and home cinema

New player brings dynamism

Room for growth for private label

Samples

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Home Audio and Cinema in Colombia - Category analysis

HEADLINES

PROSPECTS

Hi-fi systems and digital media player docks face challenges due to portability

Old technology revival enjoys growth

Audio adapts to modern surroundings

COMPETITIVE LANDSCAPE

International companies lead audio and home cinema

New player brings dynamism

Room for growth for private label

CATEGORY DATA

Consumer Electronics in Colombia - Industry Overview

EXECUTIVE SUMMARY

Colombian economy shows sign of recovery after three difficult years

Government and private investment to increase connectivity and volume

Internet retailing on a growing path

Credit cards support consumer electronics purchases

Multifunctionality, content and design are trending factors over the forecast period

MARKET DATA

SOURCES

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