Home audio and cinema is predicted to continue on its declining trajectory witnessed over the review period. Not only is this performance in line with a general trend witnessed amongst local consumers in terms of a switch towards digitalisation and multifunctionality of other consumer electronics, but the pandemic has also reduced demand for perceived non-essential purchases due to increasing price sensitivity.
Demand for larger or static speakers is also continuing to decline in line with their diminishing place in the home due to limited space or demand for greater portability. The offering of a much larger variety of low-end wireless speakers is therefore continuing to have a negative impact on both speakers and digital media player docks.
Yamaha Corp is set to retain its convincing leadership of home audio and cinema due to its strength in home cinema and speaker systems. The company is recognised for its product quality, wide availability and affordability.
While home audio and cinema is predicted to see further declines over the forecast period the rate of decline is expected to slower when compared to its review period performance. This is likely to be related to the stronger performance by the largest category of home cinema and speaker systems and will be connected to the launch of new models offering better sound quality which is expected to drive up the average unit price and support slower declines in value terms (at constant 2021 prices).
Hi-fi systems is predicted to record the highest retail volume growth over the forecast period, as these are relatively complex to set up and require considerable space and planning as they are bulky and require wiring. Although these products are known for producing high-quality sound and thus appeal to connoisseurs, they also carry high prices, especially as products have to be bought separately for each specific function.
Wireless speakers are also likely to offer further competition to the category, as they address key consumer demands. These products offer convenience and portability, are easy to use and set-up, have good sound quality and require no extra space.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Ukraine 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 Ukraine, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!