PROSPECTS AND OPPORTUNITIES
Home audio and cinema to see further volume declines
All sub-categories in home audio and cinema are expected to witness negative trends over the forecast period. Specific stand-alone audio devices are going to become less common in Austrian households while more and more consumers use their smartphone or computers to listen to music.
Smart homes provide untapped growth potential
Smart home devices have been relatively slow to gain momentum in the review period and are very likely to gain traction over the next few years. A wide range of manufacturers from areas such as appliances, lighting and in-home consumer electronics have joined in the fray, developing devices that the user can control through voice commands and smartphone apps.
Home and audio to become more niche
The standard of audio quality has risen sharply in headphones during the review period, but it has been increasingly neglected by consumers when it comes to listening to music at home, in favour of convenience and connectivity. In the forecast period, the average consumer is expected to be less invested in sound quality, while home audio and cinema products is expected to become the preserve of a niche group of audiophiles in Austria.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Austria 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 Austria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Audio and Cinema in Austria report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Audio and Cinema in Austria?
- Which are the leading brands in Austria?
- How are products distributed in Austria?
- How is the rise of e-commerce changing the retail landscape?
- How has COVID-19 and accordant macroeconomic and retail disruption impacted consumer demand?
- How are considerations such as urban development and the rise in single-person households driving sales growth?
- Where is technology taking the market? Which products are pioneering growth? Which face obsolescence?
- Where is future growth expected to be most dynamic?
Home Audio and Cinema in Austria - Category analysis
KEY DATA FINDINGS
Home audio and cinema suffers further losses
Fast decline in home cinema and speaker systems continues despite some positive impulses sales in TVs
Basic functions and audio quality remains sufficient for mass consumers
Home audio and cinema to see further volume declines
Smart homes provide untapped growth potential
Home and audio to become more niche
Consumer Electronics in Austria - Industry Overview
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
The following categories and subcategories are included:
Home Audio and Cinema
- Audio Separates
- Digital Media Player Docks
- Hi-Fi Systems
- Home Cinema and Speaker Systems
- Speakers
- Other Home Audio and Cinema
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 definitionsWhy 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 report originates from Passport, our Home Audio and Cinema research and analysis database.
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