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Country Report

Home Audio and Cinema in

Home Audio and Cinema in the Czech Republic

17 pages, 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

Home audio and cinema continues to decline, as consumers seek other alternatives

In 2019, volume growth of home audio and cinema continued to decline despite affordable prices and rising purchasing power in the country; however, the decline only increased slightly over what was recorded in the previous year. A significant reason for the declining demand is that most Czech consumers consider owning these products as a sign of upper-class status rather than essential.

Use of Bluetooth-enabled devices with wireless speakers poses a threat to digital media player docks

Digital media player docks saw steady volume growth in the Czech Republic in 2019; however, the category is starting to feel increasing pressure from Bluetooth- and Wi-Fi-enabled wireless speakers within the country, as it is elsewhere in the world. Indeed, digital media player docks is expected to post a very moderate volume CAGR over the forecast period, and it will be significantly lower than the CAGR it saw over the 2014-2019 review period.

Amongst other home audio and cinema, only digital radios remain popular

Although, in general, portable radios have seen a long-term decline in demand in the country, digital audio broadcasting (DAB) radios are seeing stronger sales, as there are currently three network operators offering DAB in the Czech Republic, and Czech Radio, for example, offers 3 traditional radio channels, 14 regional radio channels and 8 special thematic digital channels, amongst other broadcasting services. DAB radios thus attract Czech consumers that prefer to be able to tune into a variety of radio channels; more consumers may be tuning into DAB radio – and purchasing compatible digital radios – as DAB capability becomes more widely available in the country.

COMPETITIVE LANDSCAPE

Asian manufacturers continue to dominate in home audio and cinema

Asian manufacturers and brands continued to dominate the home audio and cinema landscape in 2019. Their strong presence is evident across the entire category, where they offer a wide variety of products across all price segments.

Fast CR no longer distributes Sencor home cinema

In November 2018, Fast CR announced that it would no longer be distributing Sencor home cinema products in the Czech Republic due to a lack of demand amongst the cost-conscious consumers that this brand targets. The poor performance of Sencor’s home cinema products can also be attributed to their being regarded as non-essential products for high-income consumers and to strong competition from other forms of home audio, with a focus on convenience rather than high sound quality leading to a preference for wireless speakers or those built into devices.

Panasonic introduces three advanced soundbars that support Google Assistant

In January 2019, Panasonic introduced the SC-HTB900, SC-HTB700 and SC-HTB510 soundbars, its most advanced audio systems for home theatre sound and music listening. The HTB900 and HTB700 models support the latest Dolby Atmos surround sound and DTS:X surround sound formats and are equipped with Chromecast technology for easy streaming of music from mobile devices.

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Samples

Home Audio and Cinema Sample Report Home Audio and Cinema Sample Data

Overview

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

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

HEADLINES

PROSPECTS

Home audio and cinema continues to decline, as consumers seek other alternatives

Use of Bluetooth-enabled devices with wireless speakers poses a threat to digital media player docks

Amongst other home audio and cinema, only digital radios remain popular

COMPETITIVE LANDSCAPE

Asian manufacturers continue to dominate in home audio and cinema

Fast CR no longer distributes Sencor home cinema

Panasonic introduces three advanced soundbars that support Google Assistant

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 the Czech Republic - Industry Overview

EXECUTIVE SUMMARY

Demand for smart products and connectivity drives sales and innovation in 2019

Ease of making mobile payments bolsters preference for using smartphones to buy online

Asian players continue to lead in key categories, with Chinese players pressuring Samsung for top position

Popularity of internet retailing transforms online and offline retailers into omnichannel players

Multifunctional, smart products with advanced technology will continue to drive sales

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 the Czech Republic

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Executive Summary

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PROSPECTS

Home audio and cinema continues to decline, as consumers seek other alternatives

Use of Bluetooth-enabled devices with wireless speakers poses a threat to digital media player docks

Amongst other home audio and cinema, only digital radios remain popular

COMPETITIVE LANDSCAPE

Asian manufacturers continue to dominate in home audio and cinema

Fast CR no longer distributes Sencor home cinema

Panasonic introduces three advanced soundbars that support Google Assistant

Samples

Overview

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Samples (FAQs about samples):

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Table of Contents

Home Audio and Cinema in the Czech Republic - Category analysis

HEADLINES

PROSPECTS

Home audio and cinema continues to decline, as consumers seek other alternatives

Use of Bluetooth-enabled devices with wireless speakers poses a threat to digital media player docks

Amongst other home audio and cinema, only digital radios remain popular

COMPETITIVE LANDSCAPE

Asian manufacturers continue to dominate in home audio and cinema

Fast CR no longer distributes Sencor home cinema

Panasonic introduces three advanced soundbars that support Google Assistant

CATEGORY DATA

Consumer Electronics in the Czech Republic - Industry Overview

EXECUTIVE SUMMARY

Demand for smart products and connectivity drives sales and innovation in 2019

Ease of making mobile payments bolsters preference for using smartphones to buy online

Asian players continue to lead in key categories, with Chinese players pressuring Samsung for top position

Popularity of internet retailing transforms online and offline retailers into omnichannel players

Multifunctional, smart products with advanced technology will continue to drive sales

MARKET DATA

SOURCES

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