Volume sales in all areas of home audio and cinema are projected to fall over the forecast period, with volume sales of hi-fi systems anticipated to post a double-digit decline near the end of the period. In fact, the expected category decline is set to be significantly steeper than it was during the review period.
During the pandemic, Czech consumers became increasingly comfortable with making purchases online, for example, purchasing speakers via e-commerce instead of visiting an electronics and appliances specialist retailer. Consumers are likely to continue this shopping practice over the coming years not only because its more convenient to get these devices delivered (and sometimes even set up at home), but also because consumers appreciate the ability to compare different home audio and cinema devices more easily.
In past years, superior sound quality often meant having to install intricate speaker systems in dedicated spaces in the home, but now consumers place greater value on the simplicity, portability, versatility, and fine performance of convenient wireless speakers, whether while at home or on-the-go. Another focus for consumers in the forecast period will be connectivity, with consumers increasingly expecting their products to interact and work well together.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Czech Republic 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 Czech Republic, 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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