Home Audio and Cinema in Vietnam - New Report Available

From: Fast Market Research, Inc.
Published: Tue Dec 29 2015

Even though the impact of smart devices’ predominance on home audio and cinema is not as obvious as it is when compared to computers, home audio and cinema in Vietnam has been also negatively affected by smartphones and tablets. With the rising rate of smartphones ownership in Vietnam, many people have been spending more and more time on their smartphones, which results in their spending very little time on other devices such as home audio and cinema. In addition, increasing working hours has also been causing many people to spend more time hanging out at the cinemas to relax and get socialised rather than staying at home alone to watch movies. Even so, home cinema and speaker systems and other home audio and cinema did see volume growth. However, sales of hi-fi systems and audio separates declined to an extent that brought the whole category’s growth down to 1% in 2015, compared to 2% growth in the previous year.

Full Report Details at
- http://www.fastmr.com/prod/1097587_home_audio_cinema_vietnam.aspx?afid=301

Competitive Landscape

Hi-fi systems is highly fragmented in Vietnam as a result of a significant presence of unbranded Chinese and local products. Thus, it is not easy for manufacturers in this category to gain noticeable market share.

Industry Prospects

Over the forecast period, hi-fi systems and audio separates are expected to see strong shrinkage in market demand. Whilst some consumers tend to feel it is enough to have built-in TV speakers, some others –especially those from the middle- to high-income segment – prefer home theatre systems. In addition, the emerging trend of smart devices such as smartphones and tablets will continue to limit consumers' time spent on in-home entertainment. With the rising popularity of smart devices, consumers will be likely to opt for portable speakers which are compatible with their smartphones and tablets. As an inevitable consequence, hi-fi systems and audio separates are predicted to see strong volume sales declines with a CAGR of -14% for the former and a -9% CAGR for the latter.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Home Audio and Cinema industry in Vietnam 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 Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions.

The Home Audio and Cinema in Vietnam 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

About Fast Market Research

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You may also be interested in these related reports:

- Home Audio and Cinema in Indonesia
- Home Audio and Cinema in Austria
- Home Audio and Cinema in Sweden
- Home Audio and Cinema in Japan
- Home Audio and Cinema in Russia

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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