Retail constant value sales of home audio and cinema will continue to decline throughout the forecast period as a whole, with audio separates remaining one of the most resilient categories due the enduring appeal of these products to audiophiles. Home cinema and speaker systems will be the top performer (while still seeing a decline in retail constant value sales), with gamers continuing to grow in importance as a source of demand for the latter.
Demand for home cinema and speaker systems should also be boosted by the launch of more sophisticated products that provide advanced connectivity options, support popular music streaming services and are compatible with 3D audio technologies like Dolby Atmos and DTS:X. However, demand for home audio and cinema systems is likely to be adversely affected by the fact that a growing number of TV manufacturers are adding built-in soundbars to their TVs.
As is the case for in-car speakers, the growing popularity of wireless speakers will continue to have a significant negative effect on demand for home audio and cinema during the forecast period: While their sound quality tends to be relatively poor, their low cost and flexibility (the fact that they been easily moved from room to room and used both indoors and outdoors) will trump this drawback for the bulk of local consumers. For many local consumers, wireless speakers are simply ‘good enough.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Spain 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 Spain, 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 DefinitionsThis report originates from Passport, our Home Audio and Cinema research and analysis database.
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