Recent Study: Home Audio and Cinema in the Czech Republic

Sales of home audio and cinema were struggling during the whole review period as the development of new technologies caused indirect competition. Home audio and cinema products have a long lifecycle and consumers do not rush to replace them. Instead they spend money on relatively new trendy devices such as smartphones or tablets that offer new ways of listening to the music such as streaming. Additionally the sound of new TVs keeps increasing, which is also diminishing demand. All categories recorded declining volume sales except the relatively new digital media player docks that usually are combined with smartphones or tablets. In overall, volume sales of the category saw a 9% decline in 2013.

Industry Prospects

Home audio and cinema is expected to see continuing volume sales decline at a CAGR of -4% over the future period. Czech consumers will increasingly use more computers, smartphones, tablets or even TVs for music listening instead of home audio and cinema products. The vast majority of category sales will be for replacement purchases. However, to remain competitive even older product types such as hi-fi systems will have various types of wireless connectivity (Bluetooth, NFC, Wi-Fi) enabling them to easily to connect with smartphones and tablets, as these devices will be increasingly popular music sources because of growing popularity of music streaming services, like Spotify or Deezer.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Home Audio and Cinema industry in Czech Republic with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Home Audio and Cinema industry in Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.

The Home Audio and Cinema in Czech Republic market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Home Audio and Cinema in Czech Republic?
* What are the major brands in Czech Republic?
* What is the growth rate for Home Cinema and Speaker Systems?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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