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Learn moreAug 2019
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Consumers are increasingly interested in ensuring convenience in the home and in making experiences as simple as possible. This lifestyle trend has however had a highly damaging impact on the majority of products available in home audio and cinema.
Wireless speakers are seeing a strong performance, thanks to addressing key consumer demands. These products offer convenience and comfort, providing easy-use speakers offering good sound quality and simple set up, while no extra space is required than for the speaker.
Home audio and cinema is expected to continue to see retail volume decline throughout the forecast period, chiefly due to strong competition from wireless speakers. Product quality improvements could however also hinder sales.
Samsung Electronics continues to expand its lead in home audio and cinema, while followers Sony and Sonos are also recording share growth in this declining category. Demand is shrinking as consumer preferences shift towards wireless speakers, especially among younger consumers.
Internet retailing has become the preferred channel for consumers when shopping for home audio and cinema, with this distribution channel outpacing sales of electronics and appliance specialist retailers from 2016 onwards and continuing to gain share in 2019. Internet retailing enables consumers to review a large number of products at a much faster rate than browsing in store, as well as exposing them to brands and product options that may not be present in all major specialist chains.
D&M Audiovisual remains a fairly minor player in home audio and cinema but saw the strongest share gain in 2019 over the previous year, benefiting from a number of strong innovations towards the end of the review period. The company notably won the Home Cinema Choice Best Buy award with AVR-X4500H, with this being praised for its sound quality and Advanced AL32 Multichannel processing.
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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 United Kingdom 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 United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
The Home Audio and Cinema in United Kingdom market research report includes:
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Why buy this report?
This industry report originates from Passport, our Consumer Electronics market research database.
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.