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, currency devaluation has made imported products such as home audio and cinema even more expensive.

Euromonitor International's Home Audio and Cinema in Nigeria report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Product coverage: Audio Separates, Digital Media Player Docks, Hi-Fi Systems, Home Cinema and Speaker Systems, Other Home Audio and Cinema, Speakers.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Home Audio and Cinema market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.


Home Audio and Cinema in Nigeria
Euromonitor International
July 2023
List Of Contents And Tables
HOME AUDIO AND CINEMA IN NIGERIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Drop in volume sales, as consumers prioritise essentials in light of high inflation
More affordable Chinese brands gain value share
Home cinema and speaker systems fares best
PROSPECTS AND OPPORTUNITIES
Positive outlook over the forecast period
Growing popularity of smartphones weighs heavily on demand for Hi-Fi systems and speakers
Appliance and electronics specialists remain dominant channel
CATEGORY DATA
Table 1 Sales of Home Audio and Cinema by Category: Volume 2018-2023
Table 2 Sales of Home Audio and Cinema by Category: Value 2018-2023
Table 3 Sales of Home Audio and Cinema by Category: % Volume Growth 2018-2023
Table 4 Sales of Home Audio and Cinema by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Home Audio and Cinema: % Volume 2019-2023
Table 6 LBN Brand Shares of Home Audio and Cinema: % Volume 2020-2023
Table 7 Distribution of Home Audio and Cinema by Channel: % Volume 2019-2023
Table 8 Forecast Sales of Home Audio and Cinema by Category: Volume 2023-2028
Table 9 Forecast Sales of Home Audio and Cinema by Category: Value 2023-2028
Table 10 Forecast Sales of Home Audio and Cinema by Category: % Volume Growth 2023-2028
Table 11 Forecast Sales of Home Audio and Cinema by Category: % Value Growth 2023-2028
CONSUMER ELECTRONICS IN NIGERIA
EXECUTIVE SUMMARY
Consumer electronics in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
MARKET DATA
Table 12 Sales of Consumer Electronics by Category: Volume 2018-2023
Table 13 Sales of Consumer Electronics by Category: Value 2018-2023
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2018-2023
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2018-2023
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2019-2023
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2020-2023
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2018-2023
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2023-2028
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2023-2028
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2023-2028
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources

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