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Learn moreSep 2020
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Home audio and cinema sales have been significantly impacted in 2020, with double-digit decline anticipated for the year. Weakened economic conditions due to the combined effect of the COVID-19 and civil unrest has resulted in shrinking disposable incomes and consumers being extremely cautious about spending on luxury products.
Wireless speakers such as Bluetooth are replacing the need to purchase audio separates and hi-fi systems. This technology offers the listener higher quality in addition to a smaller footprint within the home and its lower cost compared to a higher initial investment in an entire audio system, while the latter can take up significant room in the average Hong Kong apartment.
Sony retained its overall lead of home audio and cinema in Hong Kong in 2020, gaining further retail volume share as other well-known brands such as Panasonic continued to lose ground. The brand offers a wide range of products within the home audio spectrum, ranging from 2.
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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 Hong Kong, China 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 Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.
The Home Audio and Cinema in Hong Kong, China market research report includes:
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This industry report originates from Passport, our Consumer Electronics market research database.
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.