PROSPECTS AND OPPORTUNITIES
Home audio and cinema projected to decline as consumer tastes change
Demand for home audio and cinema in Hong Kong is predicted to continue declining over the forecast period, as younger consumers are more inclined to purchase wireless speakers and other more portable devices as they choose to access media on the go compared to at home. An increase in travel among local consumers is another key challenge category players face.
Competitive status quo set to remain unchanged, with Sony retaining its lead
The competitive landscape is expected to remain unchanged over the forecast period, with retail volume share dominated by several larger players. Sony Corp of Hong Kong Ltd continues to gain ground (45% in 2024), followed by LG Electronics Hong Kong Ltd, with the latter the only other player to hold double-digit share.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Hong Kong, China 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 Hong Kong, China, 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 Hong Kong, China 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 Hong Kong, China?
- Which are the leading brands in Hong Kong, China?
- How are products distributed in Hong Kong, China?
- 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 Hong Kong, China - Category analysis
KEY DATA FINDINGS
Further declines for home audio and cinema following easing of restrictions and greater mobility
Audiophiles remain target audience as average consumer shifts away from purchasing dedicated soundbars
Appliances and electronics specialists remains leading distribution channel
Home audio and cinema projected to decline as consumer tastes change
Competitive status quo set to remain unchanged, with Sony retaining its lead
Consumer Electronics in Hong Kong, China - 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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