There will be further volume decline across all segments over the forecast period, with similar factors at play as in 2024. In particular, there will be significant decline for Hi-Fi systems, as consumers increasingly opt for streaming music online.
Growing competition from alternatives to home audio and cinema and ongoing audio improvements in TV and digital audio and radio streaming through TVs, computers, smartphones, and wireless speakers will make home audio and cinema increasingly obsolete. As a result, volume sales will continue to fall for Hi-Fi Systems, speakers and other home audio and cinema, such as clock radios/DAB radios.
The vinyl trend is set to remain popular over the forecast period 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.
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Understand the latest market trends and future growth opportunities for the Home Audio and Cinema industry in Norway 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 Norway, 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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