PROSPECTS AND OPPORTUNITIES
Bulky products will continue to lose appeal
Home audio and cinema products will continue losing appeal over the forecast period, threatened by the rapid adoption of portable and smart technology devices. In addition, consumer expenditure on home audio and cinema devices will continue shrinking over the forecast period, with Colombians preferring to spend on leisure activities and major durable goods.
Personalisation and adaptability drive innovation
Over the forecast period, innovation will be driven by AI capabilities. For instance, LG offers soundbars with personalised soundscapes - the device can calibrate the settings based on the room acoustics for improved immersive experiences.
Design as an added-value feature
Besides audio quality, consumers are seeking added value where design and aesthetics gain relevance. This is the case with the recent launch of Samsung.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading brands in Colombia?
- How are products distributed in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Persistent struggles for home audio and cinema
LG and Samsung offer cutting-edge technology
Hypermarkets and specialist stores are the biggest distribution channels
Bulky products will continue to lose appeal
Personalisation and adaptability drive innovation
Design as an added-value feature
Consumer Electronics in Colombia - Industry Overview
Consumer electronics in 2025: The big picture
2025 key trends
Competitive landscape
Channel 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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