PROSPECTS AND OPPORTUNITIES
Gloomy forecast predicted for home audio and cinema
Retail current value and volume sales of home audio and cinema products are predicted to decline over the forecast period. Younger consumers in particular are increasingly purchasing wireless speakers and other portable devices, preferring to consume media on the go rather than at home.
Competitive landscape set to remain unchanged, with Sony retaining its lead
The competitive landscape in home audio and cinema is projected to remain stable during the forecast period, with retail share concentrated between Sony Corp of Hong Kong Ltd and LG Electronics Hong Kong Ltd – the only other company with a double-digit share.
Hi-res audio could become a future growth driver
Looking ahead, there will likely be an increase in products utilising hi-res audio, defined as music files with higher sampling rates and bit depths than CDs, enabling the capture of greater detail from original recordings. These technological advancements serve as significant differentiators, potentially driving growth by offering a more immersive audio experience compared to standard earbuds and headphones.
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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
Home cinema registers volume decline as uncertain retail and economic environment reduces demand
Minimal change in brand share as demand for home video products tails off
Appliances and electronics specialists remains the leading distribution channel for home audio and cinema
Gloomy forecast predicted for home audio and cinema
Competitive landscape set to remain unchanged, with Sony retaining its lead
Hi-res audio could become a future growth driver
Consumer Electronics in Hong Kong, China - 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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