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Country Report

Home Audio and Cinema in

Home Audio and Cinema in Colombia

Aug 2019

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 in decline but benefit from launch of one body/sound tower systems

One body/sound tower systems are currently trendy and are helping to boost Hi-Fi systems, the latter which while still contracting, experienced a stronger performance in 2019 compared to the CAGR for the review period. The slim and light design of one body/sound tower systems appeal to householders, especially wealthier demographics as their premium features mean they attract high unit prices.

Portability and wireless integration remain buzz words in home audio and cinema

Portability and wireless integration are some of the major trends that are reshaping home audio and cinema.

Consumers seek modern, sleek and space-saving products that provide high quality audio experience

Speakers was the only category to have experienced growth over the review period. Modern apartments are characterised by small living spaces and consumers seek a high-quality audio experience without having equipment that takes up space but which provides both functionality and elegance to the modern living room.

COMPETITIVE LANDSCAPE

Internationals maintain stronghold in audio and home cinema

International players LG, Panasonic and Sony hold many of the leading positions in home audio and cinema in 2019. LG maintained its strong position due to its wide product portfolio, variety of sizes and power levels such as micro to mini hi-fi systems, and well-developed distribution network.

Wireless speakers become focus of new and existing players

Sonos, the wireless speaker manufacturer, entered Colombia at the end of the review period 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 private label growth while local players will focus on higher volume categories

As currency fluctuations remain a significant issue within home audio and cinema, over the review period private label products claimed significant share by offering more affordable unit prices than mainstream brands. Private label will continue to benefit from offering value for money prices in the forecast period, thus attracting many price-sensitive consumers.

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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 in decline but benefit from launch of one body/sound tower systems

Portability and wireless integration remain buzz words in home audio and cinema

Consumers seek modern, sleek and space-saving products that provide high quality audio experience

COMPETITIVE LANDSCAPE

Internationals maintain stronghold in audio and home cinema

Wireless speakers become focus of new and existing players

Room private label growth while local players will focus on higher volume categories

CATEGORY DATA

Table 1 Sales of Home Audio and Cinema by Category: Volume 2014-2019
Table 2 Sales of Home Audio and Cinema by Category: Value 2014-2019
Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2014-2019
Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2014-2019
Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2015-2019
Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2016-2019
Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2014-2019
Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2019-2024
Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2019-2024
Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2019-2024
Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2019-2024

Consumer Electronics in Colombia - Industry Overview

EXECUTIVE SUMMARY

Colombian economy recovers after several difficult years, boosting sales

Changing lifestyles create demand for interoperability while government invests in increasing connectivity

Multinationals aim to provide high quality entertainment experiences

Consumers prefer in-store experience despite growth in internet retailing

Multifunctionality, content and design set to drive sales over forecast period

MARKET DATA

Table 12 Sales of Consumer Electronics by Category: Volume 2014-2019
Table 13 Sales of Consumer Electronics by Category: Value 2014-2019
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2014-2019
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2014-2019
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2015-2019
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2016-2019
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2014-2019
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2019-2024
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2019-2024
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2019-2024
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2019-2024

Megatrends

Country Report

Home Audio and Cinema in Colombia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Hi-fi systems in decline but benefit from launch of one body/sound tower systems

Portability and wireless integration remain buzz words in home audio and cinema

Consumers seek modern, sleek and space-saving products that provide high quality audio experience

COMPETITIVE LANDSCAPE

Internationals maintain stronghold in audio and home cinema

Wireless speakers become focus of new and existing players

Room private label growth while local players will focus on higher volume categories

Samples

Overview

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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 in decline but benefit from launch of one body/sound tower systems

Portability and wireless integration remain buzz words in home audio and cinema

Consumers seek modern, sleek and space-saving products that provide high quality audio experience

COMPETITIVE LANDSCAPE

Internationals maintain stronghold in audio and home cinema

Wireless speakers become focus of new and existing players

Room private label growth while local players will focus on higher volume categories

CATEGORY DATA

Consumer Electronics in Colombia - Industry Overview

EXECUTIVE SUMMARY

Colombian economy recovers after several difficult years, boosting sales

Changing lifestyles create demand for interoperability while government invests in increasing connectivity

Multinationals aim to provide high quality entertainment experiences

Consumers prefer in-store experience despite growth in internet retailing

Multifunctionality, content and design set to drive sales over forecast period

MARKET DATA

SOURCES

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