PROSPECTS AND OPPORTUNITIES
Home audio and video will remain in a slump, due to overall failing interest in the category
Home audio and cinema will remain in a negative slump over the forecast period, due to failing interest in the overall category. Consumers are increasingly seeing such products as unnecessary and are instead seeking multi-functional devices which are perceived to offer better value, such as high-quality laptops, desktops, and televisions.
Limited innovations expected due to lack of demand
Digital and technological developments in home audio and cinema are not expected to be significant over the forecast period, as these products are losing attraction for consumers. Therefore, manufacturers are not expected to focus on the innovation of these products.
Simplification and modern technologies to offer some relief
Rather than significant innovation in home audio and cinema, it is expected that simplification will take place, with any developments more focussed on streamlining, and/or incorporating modern technologies such as Artificial Intelligence (AI). Regarding the latter, this could include voice-controlled devices, or technology to improve sound quality.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Hungary 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 Hungary, 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 Hungary 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 Hungary?
- Which are the leading brands in Hungary?
- How are products distributed in Hungary?
- 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 Hungary - Category analysis
KEY DATA FINDINGS
Sales of home audio and cinema remain in a negative slump due to a lower need for additional devices
Samsung maintains lead thanks to support from its overall consumer electronics portfolio
Appliances and electronics specialists maintain channel lead, despite growth of retail e-commerce
Home audio and video will remain in a slump, due to overall failing interest in the category
Limited innovations expected due to lack of demand
Simplification and modern technologies to offer some relief
Consumer Electronics in Hungary - 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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