PROSPECTS AND OPPORTUNITIES
Retailers to look to BNPL and an omnichannel approach to lure consumers
Most categories of home audio and cinema are expected to see declines in retail volume and value (constant 2024 prices) sales. Despite the anticipated easing of inflationary pressures, consumer spending power is set to remain subdued.
Manufacturers and retailers need to continue to push soundbars
Soundbars are likely to continue to gain momentum, especially among young adults and millennials in urban areas. These consumers value the cinematic sound and aesthetic appearance of soundbars, particularly in the case of wireless Bluetooth versions, which offer easy connection to smartphones, smart TVs and laptops, for example.
Rising trend for refurbished/used products to dampen growth
Home audio and cinema is set to continue to be dominated by international brands, with Sony, Samsung, Pioneer and Panasonic projected to account for the overwhelming majority of retail volume sales in 2024. This situation is unlikely to change in the forecast period as Malaysian consumers are more inclined to purchase home audio and cinema products from trusted, well-known brands.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Malaysia 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 Malaysia, 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 Malaysia 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 Malaysia?
- Which are the leading brands in Malaysia?
- How are products distributed in Malaysia?
- 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 Malaysia - Category analysis
KEY DATA FINDINGS
Wireless speakers negatively impact home audio and cinema
Soundbars help home cinema and speaker systems buck the decline trend
Cautious optimism over the property market but economic fears persist
Retailers to look to BNPL and an omnichannel approach to lure consumers
Manufacturers and retailers need to continue to push soundbars
Rising trend for refurbished/used products to dampen growth
Consumer Electronics in Malaysia - 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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