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Country Report

Home Audio and Cinema in

Home Audio and Cinema in Russia

Aug 2020

US$990

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Executive Summary

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

2020 IMPACT

Lockdown measures exacerbate declining demand for perceived outdated technology struggling with consumers’ use of smart and wireless devices

Lockdown measures in response to COVID-19 in Russia in 2020 compounded the declining demand for home audio and cinema, with many local consumers prioritising their spending on more essential goods such as groceries, medicine and cleaning products. Therefore, further economic uncertainty had a significant impact on demand for these products, with volume sales continuing to decline in Q2 2020, a trend which is predicted to continue into the forecast period as many local consumers were unwilling and unable to invest in big-ticket items.

Consolidated competitive environment led by major global players but smaller players gain share

Home audio and cinema remained a fairly consolidated competitive environment heading into 2020, with leading players such as LG Electronics, Philips, Sony and Samsung holding the lion’s share of volume sales, although smaller names under “others” continued to enter the category with more affordable options at the end of the review period. LG and Sony in particular retain strong brand appeal with trusted quality amongst local consumers, with LG Electronics strengthening its overall leadership in 2020 as it offers an extensive range of products, including home cinema and speaker systems.

Electronics and appliance specialist retailers increasingly look to online presence in attempt to halt flow of sales from bricks-and-mortar stores

Already gaining notable volume share from the previously dominant distribution channel of electronics and appliance specialist retailers, e-commerce continued to record a strong performance in Q2 2020, as consumers of home audio and cinema, unable to visit non-essential store-based retailers during the lockdown, headed online to search for promotional discounts, attractive delivery options and the opportunity to browse different websites comparing prices and products from the safety of their own homes. However, part of this shift in channels is likely to be linked to the established online presence of electronics and appliance specialist retailers, which were keen to capitalise on the closure of their bricks-and-mortar stores during the lockdown.

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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 Russia 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 Russia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Home Audio and Cinema in Russia 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 Russia?
What are the major brands in Russia?
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 Russia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Lockdown measures exacerbate declining demand for perceived outdated technology struggling with consumers’ use of smart and wireless devices

Consolidated competitive environment led by major global players but smaller players gain share

Electronics and appliance specialist retailers increasingly look to online presence in attempt to halt flow of sales from bricks-and-mortar stores

RECOVERY AND OPPORTUNITIES

Declining demand for home audio and cinema set to strengthen over course of the forecast period due to increasing reliance on more flexible options

Home cinema and speaker systems likely to struggle to compete with declining prices of digital televisions

Audio separates to remain a shrinking niche, restricting its appeal to music enthusiasts

CATEGORY DATA

Table 1 Sales of Home Audio and Cinema by Category: Volume 2015-2020
Table 2 Sales of Home Audio and Cinema by Category: Value 2015-2020
Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2015-2020
Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2015-2020
Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2016-2020
Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2017-2020
Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2015-2020
Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2020-2025
Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2020-2025
Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2020-2025
Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2020-2025

Consumer Electronics in Russia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer electronics

COVID-19 country impact

Company response

Retailing shift

What next for consumer electronics?

MARKET DATA

Table 12 Sales of Consumer Electronics by Category: Volume 2015-2020
Table 13 Sales of Consumer Electronics by Category: Value 2015-2020
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2015-2020
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2015-2020
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2016-2020
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2017-2020
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2015-2020
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2020-2025
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2020-2025
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2020-2025
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2020-2025

Megatrends

Country Report

Home Audio and Cinema in Russia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Lockdown measures exacerbate declining demand for perceived outdated technology struggling with consumers’ use of smart and wireless devices

Consolidated competitive environment led by major global players but smaller players gain share

Electronics and appliance specialist retailers increasingly look to online presence in attempt to halt flow of sales from bricks-and-mortar stores

Samples

Overview

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Samples (FAQs about samples):

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Table of Contents

Home Audio and Cinema in Russia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Lockdown measures exacerbate declining demand for perceived outdated technology struggling with consumers’ use of smart and wireless devices

Consolidated competitive environment led by major global players but smaller players gain share

Electronics and appliance specialist retailers increasingly look to online presence in attempt to halt flow of sales from bricks-and-mortar stores

RECOVERY AND OPPORTUNITIES

Declining demand for home audio and cinema set to strengthen over course of the forecast period due to increasing reliance on more flexible options

Home cinema and speaker systems likely to struggle to compete with declining prices of digital televisions

Audio separates to remain a shrinking niche, restricting its appeal to music enthusiasts

CATEGORY DATA

Consumer Electronics in Russia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer electronics

COVID-19 country impact

Company response

Retailing shift

What next for consumer electronics?

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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