Retail volume sales of home audio and cinema in Chile are predicted to record a CAGR of -18% over the forecast period, falling to 25,000 units by 2030. This decline, which persisted throughout the review period, will continue to be driven by the obsolescence of traditional audio and cinema products.
While digital music will continue to dominate the landscape in Chile, a notable resurgence in the appreciation for analogue music could still have a positive impact on some home audio and cinema products over the forecast period. This trend, which extends beyond consumers with nostalgic ties to vinyl records and turntables, is gaining traction among younger generations who are discovering the allure of analogue music for the first time.
Over the forecast period, the increasing adoption of wireless and smart technology will have a negative impact on home audio and cinema in Chile. As wireless technology continues to advance and becomes increasingly affordable, more Chilean consumers will opt for smart systems that offer high-fidelity sound, standalone speakers, and compact home theatre solutions with fewer cables.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Chile 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 Chile, 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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