Home audio and cinema retail volume sales are projected to continue to decline over the forecast period, with the growth in demand for soundbars and vinyl players unable to offset the downturn in legacy home audio and cinema products. Consumers have largely transitioned away from legacy products like hi-fi systems and speakers to the convenience, connectivity and advantages of modern products like wireless speakers, soundbars and smart TVs.
Retail e-commerce is expected to maintain its role as the dominant channel for the distribution of home audio and cinema in the forecast period. Many Canadian consumers became familiar and comfortable with online shopping during Coronavirus (COVID-19) lockdowns, and they increasingly see e-commerce as a standard channel.
Home audio and cinema players are expected to increase their focus on niche audiences like audiophiles. For example, audio separates still retain strong interest among vinyl record collectors and audio enthusiasts, with a growing focus on higher-quality brands and products that meet the requirements of enthusiasts.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Canada 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 Canada, 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.
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