Home audio and cinema in India is projected to see a continued retail volume decline in the forecast period, although the rates of decline are set to gradually slow. Products that are based on old technology, such as digital media player docks, hi-fi systems, and audio separates, will continue to move towards obsolescence in the forecast period, as newer technologies achieve widespread acceptance.
Despite the expectation of decline, a number of affluent consumers are still investing in home theatre set-ups to replicate the cinematic experience. These consumers are seeking advanced, high-quality products, and are willing to spend more for a superior viewing experience.
In home audio and cinema, the share of retail volume sales accounted for by retail e-commerce increased strongly during the review period. This was partly due to home seclusion during the pandemic, but growth continued even after this ended, and is set to reach a fifth of sales in 2024.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in India 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 India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 definitionsThis report originates from Passport, our Home Audio and Cinema research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!