Category: Audio Equipment
Audio Equipment market research reports by Euromonitor International
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Vietnam In-Car Entertainment
In-Car Entertainment in Vietnam Unlike in some markets, demand for in-car entertainment in Vietnam remains positive, although penetration and growth rates are fairly low. The Vietnam Automobile Manufacturers Association reported a 25% decline in new car sales in 2023 compared to the previous year. T ... Read More
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Vietnam Home Audio and Cinema
Home Audio and Cinema in Vietnam Demand for home audio and cinema in Vietnam continues to fall, largely due to the maturity of this category and weakening demand post-pandemic, particularly in major cities. When retailers in major cities such as Hanoi and Ho Chi Minh tend to save store space for oth ... Read More
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Vietnam Headphones
Headphones in Vietnam Demand for headphones in Vietnam continues to rise, primarily driven by TWS earbuds, which has quickly become the dominant format. Pre-pandemic, retail volume sales of wireless headphones dominated, but quickly lost ground due to the preference for more convenient options, resu ... Read More
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Australia Portable Players
Portable Players in Australia Retail volume sales of portable players in Australia continue to rise in 2024, driven by demand for wireless speakers, which offer convenience and portability. This category accounts for an expansive range of product lines focused on specific segments. Consumers who pri ... Read More
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Singapore Consumer Electronics
Consumer Electronics in Singapore Although consumer electronics in Singapore is set to return to retail volume growth in 2024, mixed performances are expected across various categories. For instance, portable consumer electronics is expected to see solid single-digit retail volume growth, with categ ... Read More
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Singapore In-Car Entertainment
In-Car Entertainment in Singapore In-car entertainment in Singapore is expected to remain one of the smallest categories within consumer electronics in 2024, and also maintain its long-standing declining trend in retail volume terms. This is mainly because more people are using smartphones instead o ... Read More
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Australia Home Audio and Cinema
Home Audio and Cinema in Australia Demand for home cinema and speaker systems in Australia continues to decline amid a background of elevated inflation and high cost of living, alongside greater time spent outside of the home, reducing the need to invest in big-ticket purchases. The category enjoyed ... Read More
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Singapore Portable Players
Portable Players in Singapore In 2024, portable players is anticipated to maintain solid retail volume growth in Singapore, with wireless speakers remaining the only category with notable sales within portable players. The widespread popularity of wireless speakers in the local market can be attribu ... Read More
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Singapore Headphones
Headphones in Singapore In Singapore, headphones is expected to experience significant retail volume growth in 2024. True Wireless Stereo (TWS) earbuds has become the frontrunner, offering a wide array of options across various price points. This growth can be attributed to several factors, includin ... Read More
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Singapore Home Audio and Cinema
Home Audio and Cinema in Singapore In 2024, home audio and cinema in Singapore is expected to maintain its downward trajectory in retail volume terms, with all categories set to see their sales fall. Several factors are contributing to this negative performance. Amongst the primary drivers of ongoin ... Read More
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Australia In-Car Entertainment
In-Car Entertainment in Australia Overall demand for in-car entertainment in Australia continues to strongly decline. Although there is a fall in retail volume sales across the category, the largest contributor, in-car navigation, continues to record the weakest performance with a third consecutive ... Read More
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Australia Headphones
Headphones in Australia Demand for headphones in Australia continues to grow in 2024, driven by the dominant format of TWS earbuds, although wireless headbands also remains a positive performer. Unlike wireless earphones, which continues to experience significant retail volume decline, many local co ... Read More
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China Home Audio and Cinema
Home Audio and Cinema in China Home audio and cinema in China is set to experience another year of decline in retail volume and current value terms in 2024, with falling sales across categories. This partly reflects broader economic trends. The global economic slowdown has led to reduced consumer co ... Read More
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Chile Home Audio and Cinema
Home Audio and Cinema in Chile Strong declining demand for home audio and cinema in Chile continues in 2024. The main reason behind the category’s weak performance is that it is unable to compete with wireless devices that offer more advanced technology and greater functionality. Chilean consumers a ... Read More
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Chile Portable Players
Portable Players in Chile Demand for portable players in Chile continues to decline, following a downwards trend evident since 2021-2022. This is mainly due to the fact that these devices are being replaced by products considered to offer better functionality, such as smartphones. It is important to ... Read More
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China Portable Players
Portable Players in China In 2024, portable players in China is set to maintain a similar performance to 2023, with decline in retail volume terms, but growth in current value terms. Overall, the advances in technology seen in multifunctional consumer electronics such as smartphones and tablets mean ... Read More
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China Headphones
Headphones in China The overall volume performance of headphones in China is expected to remain robust in 2024, with strong single-digit retail volume growth, although with falling unit prices retail current value sales are set to see a negligible decline. Certainly, China’s economic slump could exp ... Read More
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The United Arab Emirates Home Audio and Cinema
Home Audio and Cinema in the United Arab Emirates Demand for home audio and cinema in the United Arab Emirates continues to decline, as the category faces ongoing pressure from home video, which continues to record a strong performance within local consumer electronics. The increasing demand for tel ... Read More
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The United Arab Emirates Headphones
Headphones in the United Arab Emirates Demand for headphones in the United Arab Emirates continues to grow, with the category experiencing a period of exciting growth and diversification. While wired headphones are losing ground due to the convenience of wireless options, the overall category is flo ... Read More
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Chile In-Car Entertainment
In-Car Entertainment in Chile Demand for in-car entertainment in Chile continues to decline due to the emergence of competitors with more advanced technology and features, along with greater convenience, such as smartphones. Another factor contributing to this decline is that many of the products in ... Read More
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The United Arab Emirates In-Car Entertainment
In-Car Entertainment in the United Arab Emirates Following consistent retail volume declines over the review period, driven by in-car navigation, overall demand for in-car entertainment in the United Arab Emirates is starting to stabilise. The recent floods experienced in the United Arab Emirates ha ... Read More
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Chile Headphones
Headphones in Chile Retail volume sales of headphones in Chile are stagnating due to weakening demand for wireless earphones and wireless headbands. Although there has been a significant increase in demand for TWS earbuds, the growth of the latter is still not sufficient to offset the overall catego ... Read More
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China In-Car Entertainment
In-Car Entertainment in China For another consecutive year, retail volume sales within in-car entertainment in China are expected to fall in 2024, with decreases in sales anticipated across all categories. With advances in technology pertaining to multifunctional in-vehicle systems, the “new four mo ... Read More
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The United Arab Emirates Portable Players
Portable Players in the United Arab Emirates Demand for portable players in the United Arab Emirates continues to rise, driven by the popularity of wireless speakers. This is mainly due to consumers preferring these portable options over built-in smartphone speakers or streaming services with poor a ... Read More
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Austria Portable Players
Portable Players in Austria Portable players in Austria continue to experience significant decline in volume sales over 2024 due to falling demand in all sub-categories. At the same time, a slight increase in current value sales reflects the growing preference for higher quality models with advanced ... Read More
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