Home audio and cinema is expected to maintain its long-standing retail volume decline in India in 2024, with sales set to fall across all categories. It is also anticipated to remain one of the smallest categories within consumer electronics in retail volume terms. This poor performance is partly due to macroeconomic pressures and shifting consumer priorities. Inflationary concerns have hampered demand, as these products are considered discretionary purchases. Their higher price point compared w

In 2023, home audio and cinema in Brazil showed a steady decline across most categories, and this trend is set to continue in 2024. Products such as audio separates, digital media player docks, and hi-fi systems have experienced double-digit declines in both retail volume and current value terms in both years, reflecting a larger trend towards more compact and versatile devices, such as wireless speakers. Even though speakers saw a boost from new soundbars from LG, which featured prominently in

Home audio and cinema in Germany is expected to continue to experience retail volume declines across all categories in 2024. This is because consumers are avoiding purchases of products they deem unnecessary in order to save money due to the insecure economic context.

Home audio and cinema continued to decline in retail volume terms and remained flat in current value terms in Taiwan in 2024. Products such as hi-fi systems are seen as unnecessary for most Taiwanese, and increasingly outdated. Distribution of audio content in a digital format is on the rise, and streaming services, including Spotify, Apple Music, YouTube Music and local brand KKBOX are increasingly prevalent. Younger consumers especially use streaming services seamlessly in their lives, at home

Home audio and cinema in Japan is set to see another year of decline in retail volume terms in 2024, with declining sales already seen for over a decade. While the level of decline is expected to vary slightly from category to category, all except home cinema and speaker systems are projected to experience negative growth in 2024. The digitisation and casualisation of music, and move to the cloud are prevailing trends in the music environment, which are significant challenges to counter. In simp

Demand for home audio and cinema in Hong Kong continues to decline in 2024, due to the removal of pandemic and travel restrictions the previous year. The category experienced a marginal reprieve from its review period decline in 2020 when consumers were confined to their homes and invested in these big-ticket items. However, greater mobility outside of the home means that many local consumers are now returning to cinemas for the big-screen experience in a community environment. Visiting the cine

The market for home audio and cinema in Spain is expected to face a continued decline in demand in 2024, driven by technological advancements and evolving consumer preferences. Younger consumers, in particular, especially those living in urban areas with limited living space, are gravitating towards simpler and more streamlined home entertainment solutions that can easily integrate into their lifestyles. As a result, traditional home cinema set-ups, which typically involve multiple components an

In 2024, home audio and cinema in Portugal saw declines in both volume and current value terms. Improvements in smartphones, high-quality wireless speakers and TV sound quality have contributed to this trend. The rising popularity of streaming services, such as Spotify and Apple Music, also diminishes demand for audio separates as local consumers increasingly opt to consume music online. The combination of a smartphone and a wireless speaker is hard to beat, with its promise of portability and c

In 2024, volume sales of home audio and cinema continued to decline, but at a much lower rate than in recent years. Consumer demand for high-performance home theatre experiences is increasing in Saudi Arabia, owing to increased disposable income, which is driving home audio demand in the country. Manufacturer’s lower focus on built-in sound quality in television sets is amplifying the need for external audio solutions, thus benefiting volume growth. As TVs become larger and slimmer, the embedded

Home audio and cinema in South Korea will see a modest decline in volume terms in 2024, continuing the trend of the previous two years. Sales are being dampened by a return to busy, pre-pandemic lifestyles and the consequent return of consumers to out-of-home entertainment activities. In addition, individuals are increasingly switching away expensive and bulky home theatre systems with a plethora of components towards smaller, more portable audio devices such as headphones and wireless speakers,

Sales of home audio and cinema are likely to see decline in Israel in 2024 as consumers continue to cut back on non-essential expenditure. Moreover, demand for these products has been falling steadily for several years due to cannibalisation by other devices amidst changes in the ways audio and video content are consumed. Most notably, people are increasingly choosing to stream digital media via smartphones, computers, smart TVs and wireless speakers. As a result, many no longer see the need for

Although the overall demand for home audio and cinema systems is expected to see little to no growth in retail volume terms in 2024, certain devices such as soundbars prove to be an exception. They continue to sell well and are seen as an affordable upgrade to enhance TV audio and also seen as sleek in design and not taking up a lot of space, unlike other home audio and cinema systems. Hi-Fi systems are also expected to register some volume growth. This is largely due to their affordability comp

Home audio and cinema remains in a slump in Italy in 2024, in both volume and value terms, albeit with improvements in sales compared to the previous year. These improvements in sales are attributed to connected technological developments within the home, whereas brands offer a holistic approach to manage all devices within the connected home ecosystem. For example, as seen with TVs and soundbars, and projectors to enjoy streamed content in the style of a movie theatre, along with surround-sound

In 2024, home audio and cinema systems in Nigeria is significantly affected by inflationary pressures. Most consumers are directing their resources towards essential goods, leading to a pronounced decline in demand for home audio and cinema systems as purchasing power is eroded. As a result, consumer focus on luxury products has diminished, with only a few high-end consumers able to afford home audio and cinema systems. This shift towards spending on essentials has markedly impacted the product

In 2024, home audio and cinema sales decrease once again, driven by Argentina's economic crisis and changing consumer preferences. The combination of economic depression and high inflation significantly erodes people's disposable income, resulting in decreased sales. Additionally, consumers, particularly younger generations, are increasingly drawn to portable devices. Portability emerges as a crucial attribute for consumers, leading them to favour smaller, more convenient devices like wireless s

Home audio is expected to register a fall in volume sales in the Netherlands in 2024. There is a general reluctance among consumers to spend on high-cost consumer electronics such as home cinema and speaker systems. In addition, there is a shift away from traditional components like digital media dock players and Hi-Fi systems towards wireless and internet-connected speakers.

In 2024, the negative trend in volume sales of home audio and cinema products in Turkey continues, reflecting a persistent decline observed in previous years. Hi-fi systems and digital media player docks face diminishing popularity, increasingly viewed as outdated by consumers. This decline is further compounded by the growing preference for advanced televisions equipped with integrated sound systems, which provide a more streamlined and modern entertainment solution. As these advanced alternati

Home audio and cinema is seeing a marginal decline in volume sales in 2024, heralding an improvement upon the past three years. In a cross-category trend, many consumers invested strongly in their in-home entertainment systems during the era of the pandemic lockdowns, thus, have yet to purchase replacements. Added to which, such products tend to be expensive and can be substituted with other, multi-use, forms of technology such as laptops and smartphones. Moreso, some subcategories are becoming

In 2024, volume sales in home audio and cinema in Sweden are experiencing a decline, primarily attributed to the high maturity of the technology. Many of these products are entering the decline stage of their development cycle as they age. This trend is exacerbated by a significant shift in consumer preferences towards wireless speakers, driven by the demand for mobility, convenience, and wireless connectivity. The proliferation of smartphones has fundamentally changed media consumption habits,

All products within home audio and cinema are expected to register a fall in volume sales in Romania in 2024. In particular, Hi-Fi systems are expected to see a steep fall in volume sales, as the rise of streaming services, portable audio devices and new digital formats see Hi-Fi systems lose relevance. This overall decline also represents a continuation of the downward trend established over the review period. This shift is due to household preferences moving away from home audio and cinema tow

Home audio and cinema recorded strong volume sales decline in 2024 as these products faced competition from wireless sound systems, the increasing sound quality of portable computers and smartphones, and a growing preference for compact and interior design-friendly audio alternatives. Indeed, many home audio and cinema products are considered outdated, such as hi-fi systems or digital media player docks, and are replaced by newer and more convenient devices, such as wireless speakers. The lack o

Home audio and cinema in Poland is expected to register volume decline. This represents a continuation of the downward trend established over the review period. This shift is due to household preferences moving away from home audio and cinema towards more compact and mobile audio alternatives. The decline in volume sales is also influenced by a shift in household spending priorities after the pandemic. Households are now prioritising experiences, services and activities, which were curtailed by

Overall, retail sales of home audio and cinema in Malaysia are projected to continue to decline in volume and current value terms in 2024. The category is dominated by hi-fi systems and home cinema and speaker systems, but the demand for these products is being undermined by the growing popularity of smartphones and streaming audio and video services. As importantly, wireless speakers (under portable players) are rapidly growing in popularity. These come in a range of different designs, sizes an

Home audio and cinema in Norway is expected to register volume decline. This represents a continuation of the downward trend established over the review period. This shift is due to household preferences moving away from home audio and cinema towards more compact and mobile audio alternatives. The decline in volume sales is also influenced by the muted economic climate, as well as a shift in household spending priorities after the pandemic. Households are now prioritising experiences, services a