Category: Audio Equipment
Audio Equipment market research reports by Euromonitor International
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In-Car Entertainment in Hungary
In-Car Entertainment in Hungary In-car entertainment recorded further decline in 2023, negatively impacted by fewer sales of new cars due to a shortage of key parts and components needed for their manufacture, which also drove up prices in the year. Consumers had to wait a long time to get their pre ... Read More
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Home Audio and Cinema in Malaysia
Home Audio and Cinema in Malaysia Retail sales of home audio and cinema continued to decline in both volume and current value terms in 2023. The category is dominated by hi-fi systems and home cinema and speaker systems, demand for which is being undermined by the growing popularity of smartphones a ... Read More
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In-Car Entertainment in Italy
In-Car Entertainment in Italy Car sales in Italy have been slowing down for various reasons, including an increase in long-term rental and growing use of rental apps as consumers adopt a car-as-a-service attitude, and more people spending longer periods at home for working and studying. In addition, ... Read More
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In-Car Entertainment in France
In-Car Entertainment in France In-car entertainment is in a long-term decline, which is in relation to the rise of smartphones which offer multiple options for drivers – from navigation and traffic information to in-car entertainment. For example, CarPlay is an Apple standard which enables a car rad ... Read More
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Portable Players in Egypt
Portable Players in Egypt Egypt resumed acceptance of import collection documents in 2023, opening the door for imports after they were halted in February 2022. Import issues have prevailed in line with foreign currency shortages and three devaluations of the Egyptian pound in 2022, with predictions ... Read More
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Headphones in Hungary
Headphones in Hungary Whilst premium wireless headbands were popular during COVID-19 as they had more convenient features for both work and gaming, high inflation and rising prices deterred consumers from paying extra for them in 2023, therefore mass products performed better than their premium coun ... Read More
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Headphones in Malaysia
Headphones in Malaysia Headphones saw positive growth in constant value terms in 2023, despite consumer concerns about the cost of living. Increased smartphone use for streaming audio and video content was a key driver of this trend, in addition to the ongoing prevalence of home working. TWS earbuds ... Read More
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Home Audio and Cinema in Nigeria
Home Audio and Cinema in Nigeria Home audio and cinema is expected to register a fall in volume sales in 2023. Continued high inflation, as well as a significant devaluation of the naira, is expected to reduce consumer purchasing power further. As a result, consumers focus on essentials. Also, curre ... Read More
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Consumer Electronics in France
Consumer Electronics in France Consumer electronics in France continues to face challenges in 2023. Firstly, due to the COVID-19 pandemic, we saw sales spikes during the lockdown period as consumers invested in in-home entertainment. As a result, the penetration rate for most products has reached a ... Read More
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Consumer Electronics in the United Arab Emirates
Consumer Electronics in the United Arab Emirates Demand for consumer electronics in the United Arab Emirates continues to grow, albeit at a marginally slower pace compared to the previous year. On the other hand, current value sales continue to record more dynamic growth in 2023, primarily due to pr ... Read More
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In-Car Entertainment in the United Kingdom
In-Car Entertainment in the United Kingdom In-car entertainment continues to face various challenges in 2023. First of all, most new models of cars offer built-in navigation, high-quality sound systems and media players. This is especially true of electric vehicles, which are driving growth in produ ... Read More
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Home Audio and Cinema in Austria
Home Audio and Cinema in Austria With some respite in some categories, such as hi-fi systems, home cinema and speaker systems, speakers, and “other” home audio and cinema, due to the fall back on the home for entertainment in the wake of the Coronavirus (COVID-19) pandemic, home audio and cinema is ... Read More
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In-Car Entertainment in Colombia
In-Car Entertainment in Colombia In-car entertainment in Colombia is seeing double-digit volume decline in 2023 as these products become ever more obsolete as the technology and functionality of smartphones improves. Most smartphones currently available have a preinstalled navigation system boasting ... Read More
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Headphones in Austria
Headphones in Austria Over 2023, headphones retail volume sales are expected to continue to grow, albeit at a slower rate as the transition to cordless models becomes more advanced. The main category, TWS earbuds, is set to remain the key growth driver. Indeed, in 2023, only TWS earbuds is projected ... Read More
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Home Audio and Cinema in Turkey
Home Audio and Cinema in Turkey Retail volume sales of home audio and cinema continues to decline in 2023. Hi-fi systems and digital media player docks are increasingly unpopular among the Turkish population and are considered outdated. This sector is also challenged by the presence of high technolo ... Read More
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Headphones in Chile
Headphones in Chile Headphones is set to return to minimal growth in 2023, after seeing a slight retail volume decline in 2022, although continuous growth has been seen in current value terms due to price rises. The strong positive volume performance during the pandemic has affected the replacement ... Read More
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Home Audio and Cinema in Italy
Home Audio and Cinema in Italy Italian consumers make considerable use of audio content, from audiobooks to podcasts to listening to music. In recent years, podcasts have seen staggering growth in consumption thanks to the fact that several platforms, such as Spotify, have increased their freemium c ... Read More
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Headphones in Vietnam
Headphones in Vietnam While the World Health Organisation declared the pandemic to be over in early 2023 and restrictions are no longer in place many consumers are still spending relatively more time at home than before the pandemic. As such, they have been indulging in various entertainment activit ... Read More
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Headphones in the United Arab Emirates
Headphones in the United Arab Emirates Demand for wireless headbands as a premium audio accessory continues to grow in the United Arab Emirates, with leading brands such as Sony and Bose at the forefront of this trend. Sony offers consumers a compelling choice with its innovative technology, sleek d ... Read More
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Home Video in Spain
Home Video in Spain After a brief resurgence in 2020 in response to the pandemic restrictions, home video experienced a decline in sales during 2021 and 2022, with this pattern continuing into 2023. Despite local consumers being heavily price oriented, premium and more expensive televisions proved t ... Read More
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Home Audio and Cinema in Colombia
Home Audio and Cinema in Colombia The decline of home audio and cinema in 2023 is due to its inability to compete with wireless devices with greater technology and functionality. Colombian consumers are increasingly familiar with smart systems, which has led to home audio and cinema products becomin ... Read More
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Headphones in Nigeria
Headphones in Nigeria Despite a difficult economic situation, with continuing elevated inflation and significant devaluation of the naira, headphones is expected to register volume growth. This is largely driven by the popularity of mass TWS earbuds, which is expected to register double-digit volume ... Read More
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Headphones in the Philippines
Headphones in the Philippines Headphones is one of the most dynamic areas of consumer electronics in the Philippines with these products complementing the use of smartphones as well as being appreciated by consumers when commuting, exercising, or seeking privacy at home or at work. Alongside this, t ... Read More
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Headphones in Colombia
Headphones in Colombia Although wireless headbands and TWS earbuds performed well in 2023, sales in these subcategories have not been enough to offset macro category decline. Euromonitor International's Headphones in Colombia report offers a comprehensive guide to the size and shape of the in-home, ... Read More
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Home Audio and Cinema in Hungary
Home Audio and Cinema in Hungary Home audio and cinema recorded strong volume decline in 2023 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 a ... Read More
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