Home audio and cinema will register further volume decline over the forecast period. Advancement in other technologies such as audio improvement in TV will see demand fall for home audio and cinema.
The vinyl trend is set to remain popular over the forecast and will boost volume sales of record players, as a certain group of consumers crave nostalgia and shun newer technologies such as streaming services. Also, the analogue sound from vinyl reverberates and is believed to create a warmer sound that cannot be replicated with other medium.
Players will focus both on online and in-store sales over the forecast period. Online channels will give players the opportunity to offer a larger range of products, including offerings that may not necessarily be displayed in the brick-and-mortar outlet, due to limited space, with stores mainly displaying more mainstream devices.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Colombia 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 Colombia, 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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