The economic outlook remains bleak in 2023 and this pattern is set to continue. Rising interest rates and cost inflation coupled with weakening household disposable income levels is likely to deal a further blow to consumer confidence.
Many consumers in Sweden now view most home audio and cinema products as outdated, especially as content streaming is increasingly becoming the main way that they listen to music. Given the ongoing improvements in the sound quality of wireless speakers, their portability and their very compact size, it is unsurprising that these products are increasingly appealing to consumers.
Alongside the rapid developments being seen in wireless speakers, home audio and cinema is also expected to increasingly be rendered redundant by improvements in the built-in sound quality of some televisions. A growing number of LCD and OLED TVs now come with built-in soundbars and this is likely to become an increasingly common feature.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Sweden 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 Sweden, 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 Definitions
This report originates from Passport, our Home Audio and Cinema research and analysis database.
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