PROSPECTS AND OPPORTUNITIES
Wireless speakers to secure position in portable players
The wireless speaker’s category is on track to experience further dynamic expansion, driven by the growth of mobile devices and laptops. The compatibility of portable wireless speakers with these devices significantly enriches the user's entertainment experience, making them a sought-after accessory.
Ongoing shift in music consumption from portable media players to streaming services
The allure of portable media players has significantly diminished among Millennials and Generation Z, with the majority of such consumers opting for music streaming services like Spotify and Apple Music. The convenience of accessing a vast library of music directly from their smartphones or through a connection to a wireless speaker has made these services the preferred choice for younger audiences.
Competition set to intensify in wireless speakers
During the upcoming forecast period, JBL from Harman International Industries Inc is expected to maintain its position as the top wireless speaker brand. However, Xiaomi is emerging as a contender, steadily climbing the ranks to fourth position with its volume share growing annually.
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Overview:
Understand the latest market trends and future growth opportunities for the Portable Players industry in Indonesia 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 Portable Players industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Portable Players in Indonesia 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 Portable Players in Indonesia?
- Which are the leading brands in Indonesia?
- How are products distributed in Indonesia?
- 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?
Portable Players in Indonesia - Category analysis
KEY DATA FINDINGS
Wireless speakers and e-readers are stand out performers
Digital shifts still support category development
JBL leads in wireless speakers
Wireless speakers to secure position in portable players
Ongoing shift in music consumption from portable media players to streaming services
Competition set to intensify in wireless speakers
Consumer Electronics in Indonesia - 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:
Portable Players
- E-Readers
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- Portable Multimedia Players
- Other Portable Media Players
- Wireless Speakers
Why 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 Portable Players research and analysis database.
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